What is the issue size of Arvind and Company Shipping Agencies IPO?

The issue size of the Arvind and Company Shipping Agencies IPO is Rs 14.74 cr

What is 'pre-apply' for Arvind and Company Shipping Agencies IPO?

Pre-apply will alow you to apply for the Arvind and Company Shipping Agencies IPO 2 days before the subscription period starts.

If I pre-apply for Arvind and Company Shipping Agencies IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Arvind and Company Shipping Agencies IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Arvind and Company Shipping Agencies IPO order is placed?

We will notify you when your Arvind and Company Shipping Agencies IPO order is placed with the exchange.

What are the open and close dates of the for Arvind and Company Shipping Agencies IPO?

Arvind and Company Shipping Agencies IPO will be open between 12 Oct - 16 Oct, 2023.

What is the lot size and minimum order quantity of the Arvind and Company Shipping Agencies IPO?

Arvind and Company Shipping Agencies Limited IPO lot size is 3000 shares.

What are the allotment dates for the Arvind and Company Shipping Agencies IPO?

Arvind and Company Shipping Agencies IPO allotment date is 19 Oct, 2023. For Arvind and Company Shipping Agencies IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Arvind and Company Shipping Agencies IPO?

Arvind and Company Shipping Agencies IPO registrar is Skyline Financial Services Private Ltd. You can check Arvind and Company Shipping Agencies IPO allotment status on the website of the registrar.

Where is the Arvind and Company Shipping Agencies IPO getting listed?

The shares are proposed to be listed on NSE SME.

Arvind and Company Shipping Agencies IPO

Arvind and Company Shipping Agencies Limited

₹1,35,000 /3000 sharesMinimum Investment

Arvind and Company Shipping Agencies IPO Listing DetailsListed OnIssue Price
NSE₹45.00
Arvind and Company Shipping Agencies IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
12 Oct ‘23 - 16 Oct ‘23₹1,35,0003,000₹45 - ₹45
Issue SizeIPO Doc
14.74CrRHP PDF
About Arvind and Company Shipping AgenciesArvind and Company Shipping Agencies, established in 1987, is in the shipping and forwarding agent business. In 1997, the company acquired Hotel Millennium Plaza, which generated rental income for the company until 2021. The company's primary focus lies in the chartering business, specifically in chartering barges for commercial purposes.
The company offers comprehensive barge chartering services, tailored to cater to the specific needs of its customers. Its clientele primarily consists of construction companies, who often require barges to transport heavy equipment, construction materials, and personnel to and from construction sites near bodies of water. Barges are efficient means to transport materials like sand, gravel, cement, steel, and machinery, supporting various construction projects.;
Parent Organisation
Arvind and Company Shipping Agencies Limited
Founded
1987
Managing Director
Mr. Arvind Kantilal Shah
Strengths & Risks
The company's strategic location along the West coastline of Gujarat contributes to its chartering income from barges. Situated in key shipping hubs and close to major ports, the company reduces transportation costs and lead times.
In the hotel sector, the company's property, Hotel Millennium Plaza, is strategically positioned 20 kilometers away from Jamnagar on the Jamnagar-Khambhadiya highway (Moti Khavdi 361140). This location is in close proximity to some of India's largest petroleum refineries.
Within its Hospitality business segment, the company manages two hotels, namely Hotel Millennium Plaza and Hotel 999, both located in Jamnagar, Gujarat. Hotel Millennium Plaza has 72 well-appointed rooms and has been under the company's operation since 2021. It spans an area of 5882.17 square meters. Hotel 999 is yet to commence its commercial operations.
As of May 31, 2023, the company maintains a fleet of five barges with four active work orders, rental agreements, or Memorandums of Understanding (MOUs) in place.
Arvind and Company Shipping Agencies relies heavily on their operations in the state of Gujarat for its revenue. Any adverse developments in this region could harm the company's financial health and performance.
The company's income and profits are closely tied to the chartering of barges.
A significant portion of the company's revenue comes from its top five customers. In 2023, these customers contributed 93.14% of the revenue, while in the financial years 2022-23, 2021-22, and 2020-21, they contributed 100% each year.
The company's promoters and directors are facing litigation and the outcomes are uncertain. Currently, there are 16 tax litigations involving its directors and promoters, amounting to Rs. 3.08 crores.
As of May 31, 2023, the company has an outstanding debt of Rs. 2,152.60 lakhs.
Additionally, the company has unsecured loans of Rs. 856.46 lakhs from lenders, which are repayable upon demand.
The company has secured an outstanding debt of Rs. 1,296.14 lakhs as of May 31, 2023.
The company's customer base is limited, with one of its main clients being Arcadia Shipping and Trading Co., a group company. Arcadia Shipping and Trading Co. contributed 43.72%, 41.79%, 10.88%, and 39.05% to the company's total revenue in 2023 and the financial years 2023, 2022, and 2021, respectively.
In the past, the company experienced negative cash flow from its operating activities, which could potentially impact its growth and overall business.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹45 - 45₹2 Lakh
High Networth Individual₹45 - 45₹2 - 5 Lakh
For Arvind and Company Shipping Agencies IPO, eligible investors can apply as Regular.

Listed On	Issue Price
NSE	₹45.00

Bidding Dates	Min. Investment	Lot Size	Price Range
12 Oct ‘23 - 16 Oct ‘23	₹1,35,000	3,000	₹45 - ₹45

Issue Size	IPO Doc
14.74Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹45 - 45	₹2 Lakh
High Networth Individual	₹45 - 45	₹2 - 5 Lakh

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