Arvind and Company Shipping Agencies Limited

Company Profile
Company Name Arvind and Company Shipping Agencies Limited
Open Date 12-10-2023
Close Date 16-10-2023
Exchange NSE SME
Lot Size 3,000 Shares
Issue Price ₹45 per share
Issue Size 32,76,000 Equity Shares
Application Amount ₹ 1,35,000
Recommendation Avoid
Arvind and Company Shipping Agencies Limited was originally incorporated in the year 1987 and has its registered office in Gujarat. The Company is engaged in the business of Shipping and Forwarding agents. The company operates in vessels like Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hoppers Spud Barger, and tugs for Cargo. The Company has also expanded its business horizon by entering into the hospitality business with Hotel Millennium Plaza, and Hotel 999. As of 31st May 2023, the Company has 16 Employees on its payroll.
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Summary of Financials (All financials in Lakh)

For the Period Ended Mar-21 Mar-22 Mar-23
Total Assets 578.47 1,860.94 3,381.18
Net Assets 467.61 566.92 914.05
Total Borrowings 105.85 1,221.05 2,232.21
Total Revenue 52.52 331.44 841.10
Profit After Tax 23.76 100.28 347.12

Tentative Timeline

Opening Date 12-10-2023
Closing Date 16-10-2023
Basis of Allotment 19-10-2023
Initiation of Refunds 20-10-2023
Credit of Shares to Demat 23-10-2023
Listing Date 25-10-2023

Objects of the Issue

Funding Capital Expenditure of the Company
General Corporate Purpose
To Meet Public Issue Expenses

Contact Information

Registered Office Arvind and Company Shipping Agencies Limited City point 701 to 702 Fifth Floor, Nr. Town Hall Jamnagar 361001
Phone +919913411144

Registrar Details

Name Skyline Financial Services Private Limited
Phone 02228511022

IPO Reservation

Retail Shares Offered 50% of the Net issue
Other Shares Offered 50% of the Net issue

Shareholding Pattern

Share Holding Pre Issue (Promoters) 100.00%
Share Holding Post Issue (Promoters) 73.00%

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