Arvind and Company Shipping Agencies IPO will open for subscription from 12 October 2023. The company aims for an issue size of ₹14.74 Cr through this IPO.
Company Overview
| Full name | Arvind and Company Shipping Agencies Limited |
| Sector | Logistics |
| Industry | Shipping |
| Company Website | https://www.arvindshipping.com/ |
About Company
Incorporated in 1987, Arvind and Company Shipping Agencies is part of the Arcadia Group. The company is primarily engaged in chartering business. Chartering activities of the company mainly include chartering of Barge for commercial purposes. The company ventured into chartering barges by purchasing barge ‘Arcadia Sumeru’ in FY 2021, ‘KB-26’ and ‘KB-32’ in FY 2022, ‘KB-28’ and ‘Arcadia Minica’ in FY 2023.
Arvind and Company strive to explore new avenues of business, which can leverage the long-standing relations of the promoters in the industry. In order to develop a new business vertical, the company has recently forayed into the hospitality business with ‘Hotel Millennium Plaza’ and ‘Hotel 999’, situated in the surroundings of Jamnagar City Gujarat.
Arvind and Company Shipping Agencies derive its revenue majorly from 2 business verticals, as follows:
- Chartering of Barges: Under this vertical, it charters flat-topped barges to different coastal transporters. The coastal transporters then use the barges to transport their goods or equipment, depending upon their requirements. As of 31 May 2023, the company has Five barges for which it has 04 active work orders / renting agreements / MOUs.
- Hotel and Hospitality: Under its hospitality business vertical, the portfolio of hotels consists of 2 hotels namely ‘Hotel Millennium Plaza’ and ‘Hotel 999’, situated in Jamnagar City of Gujarat. Both Hotels have 72 well-furnished rooms each.
The Objectives of the Issue
- Funding Capital Expenditure of the Company
- General Corporate Purpose
- To meet Public Issue Expenses
Arvind and Company Shipping Agencies IPO Timetable
| IPO Opening date | 12 October 2023 |
| IPO Closing | 16 October 2023 |
| Basis of Allotment | 19 October 2023 |
| Initiation Refund | 20 October 2023 |
| Credit to Demat Account | 23 October 2023 |
| Listing Date | 25 October 2023 |
Arvind and Company Shipping Agencies IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹14.74 Cr – 3,276,000 shares |
| Fresh Issue | ₹14.74 Cr – 3,276,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹45 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 168,000 shares |
| Shareholding pre-issue | 8,861,800 |
| Shareholding post-issue | 12,137,800 |
| Listing Exchange | NSE SME |
Arvind and Company Shipping Agencies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹135,000 |
| Retail (Max) | 1 | 3000 | ₹135,000 |
| HNI (Min) | 2 | 6,000 | ₹270,000 |
Arvind and Company Shipping Agencies IPO Reservation Details
| Other Shares Offered | 50% |
| Retail Shares Offered | 50% |
Arvind and Company Shipping Agencies Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 2M FY 2024 | |
| Revenue | 35.86 | 257.40 | 711.45 | 233.30 |
| Expenses | 39.08 | 193.94 | 360.53 | 81.86 |
| Net income | 23.75 | 100.28 | 347.12 | 113.58 |
Arvind and Company Shipping Agencies Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.32 | 1.34 | 4.62 |
| PE ratio | – | – | 9.74 |
| RONW (%) | 5.17 | 19.39 | 46.88 |
| NAV | 6.23 | 7.55 | 12.17 |
| ROCE (%) | 3.46 | 20.97 | 37.44 |
| EBITDA (%) | 67.58 | 69.45 | 92.49 |
| Debt/Equity | 0.23 | 2.15 | 2.44 |
Arvind and Company Shipping Agencies Company Promoters
- Mr Arvind Kantilal Shah
- Mr Vinit Arvind Shah
- Mrs Parul Arvind Shah
- Mr Chintan Arvind Shah
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73% |
Arvind and Company Shipping Agencies IPO Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
Shilp Corporate Park, B Block, 13th Floor, B 1311-1314, Near Rajpath Club,
Rajpath Rangoli Road, S.G. Highway, Ahmedabad- 380054
Phone: 079 4918 5784
Email: mb@beelinemb.com
Website: www.beelinemb.com
Arvind and Company Shipping Agencies Registrar
SKYLINE FINANCIAL SERVICES PRIVATE LIMITED
D-153A, 1st Floor, Okhla Industrial Area Phase-I,
New Delhi – 110020, India
Phone: 011-40450193-197
Email: ipo@skylinerta.com
Website: www.skylinerta.com
Arvind and Company Shipping Agencies Contact Details
ARVIND AND COMPANY SHIPPING AGENCIES LIMITED
City point 701 to 702, Fifth Floor,
Nr. Town Hall, Jamnagar- 361001, Gujarat, India
Phone: +919913411144
E-mail: info@arvindshipping.com
Website: www.arvindshipping.com
Arvind and Company Shipping Agencies IPO Allotment Status
Arvind and Company Shipping IPO allotment status will be available on Skyline Financial Services’ website. Click on this link to get allotment status.
Final thoughts
Arvind and Company Shipping Agencies IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
