Arvind IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Arvind & Company

CMP

48.05

-1.75 (-3.51%)

₹45

Offer Price

₹ 14.74 Cr

Issue Size

₹ 1,35,000

Min Investment

3,000

Lot size

Time Line

  • 12
    Oct 2023
    Open
  • 16
    Oct 2023
    Close
  • 19
    Oct 2023
    Finalisation of Basis of Allotment
  • 20
    Oct 2023
    Initiation of Refunds
  • 23
    Oct 2023
    Transfer of Shares to Demat Account
  • 25
    Oct 2023
    Listing Date

Objects of the Offer

  • Improving its functional efficiency.

  • Leveraging its market skills and relationship.

  • Customer Satisfaction.

Products & Services

  • The Company is engaged in the business of shipping and forwarding agents.

Strengths

  • Experienced Promoters and Management Team.

  • Competitive cost structure and efficient operations.

  • Location of its facilities promotes closer association with its vendors and customers.

Risks

  • The company revenues are highly dependent on its operations in the geographical region of state of Gujarat. Any adverse development affecting the company operations in this region could have an adverse impact on its business, financial condition and results of operations.

  • Its revenue and profits are largely dependent on chartering of barges.

  • The company`s top 5 customers contribute a significant portion of its revenue from operations.

  • The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities.

  • The Company has in the past has made certain inadvertent erroneous filings under Companies Act, 1956 and Companies Act, 2013. Further, there have also been instances where the Company has inadvertently filed incorrect information with the RoC in its statutory filings.

Company Promoters

Promoters Holding

Issue For IPO
26.90%
Pre Holding

99.66%

Post Holding

72.76%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 2.57 (613.90%) 7.11 (176.70%) 46.88 (-)
Gross Profit 2.57 (613.90%) 7.11 (176.70%) 46.88 (-)
Net Income 2.57 (613.90%) 7.11 (176.70%) 46.88 (-)
Assets 2.57 (613.90%) 7.11 (176.70%) 46.88 (-)
Liabilities 2.57 (613.90%) 7.11 (176.70%) 46.88 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Arvind & Co Shipping Agencies Ltd 7.11 3.47 31.46 22.32 46.88 0.00 9,140.40 2.71 0.71

Book Running Managers

  • Beeline Capital Advisors Pvt Ltd

Registrar & Transfer Agent

Skyline Financial Services Pvt

D-153/A 1st Flr,
Okhla Industrial Are,
Phase-I - New Delhi-110020
Phone : 91-11-26812682 Fax: 91-11-30857562

Company Contact Information

City Point 701-702 5th Floor,
Nr.Town Hall,
Jamnagar - 361001
Phone : +91 99134 11144 Email : info@arvindshipping.com www.arvindshipping.com

Offer Related Information

Public issue of 3276000 equity shares of face value of Rs. 10/- each of Arvind and Company Shipping Agencies Limited ("Arvind and Company" or the "Company" or the "Issuer") for cash at a price of Rs. 45/- per equity share including a share premium of Rs. 35/- per equity share (the "Issue Price") aggregating to Rs. 14.74 crores ("The Issue"), of which 168000 equity shares of face value of Rs. 10/- each for cash at a price of Rs. 45/- per equity share including a share premium of Rs. 35/- per... More

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