Issue Price
₹45
Per Share
GMP
NIL
Grey Market
Est. Listing
₹45
Expected Price
Min. Application
₹270,000
2 lots × 3000 shares
Incorporated in September 1987, Arvind and Company Shipping Agency is situated in Jamnagar, Gujrat. The company is in the business of carrying and forwarding agents. The company operates in vessels like Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges and tugs for Cargo. The company mainly provides services related to Marine Vessels and Ancillary equipment and supplies equipment to multinational corporations.The company has also expanded its business horizon by entering into the hospitality business with Hotel Millennium Plaza and Hotel 999.Arvind and Company Shipping Agency Limited has 15+ employees and has completed 850+ projects.Competitive Strength:1. Experienced Promoters and Management Team.2. Competitive cost structure and efficient operations.3. Location of the facilities promotes closer association with the vendors and customers.
Arvind & Co.Shipping Agencies Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 168,000 | — | ₹0.76 Cr | — |
| TOTAL | 3,276,000 | 100.00% | ₹14.74 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹135,000 |
| Retail (Max) | 13 | 39,000 | ₹1,755,000 |
| sNII (Min) | 14 | 42,000 | ₹1,890,000 |
| bNII (Min) | 68 | 204,000 | ₹9,180,000 |
| Particulars | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue from Operations | 841.10 | 331.44 | 52.51 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 347.12 | 100.28 | 23.75 |
| Net Worth | 914.05 | 566.92 | 467.61 |
| Total Assets | 3381.18 | 1860.94 | 578.46 |
| Reserves & Surplus | 913.05 | 565.92 | 466.61 |
| Total Borrowings | 2232.21 | 1221.04 | 105.84 |