1) Company Overview
Arvind and Company Shipping Agencies is engaged in the shipping industry business as a barge service provider. Part of the Arcadia group, the company offers a wide range of barge chartering services for commercial purposes.
2) Industry Overview
The Indian government’s emphasis on promoting coastal shipping as a cost-effective and eco-friendly mode of transportation can be a boost for barge operators.
3) Issue Size
The IPO is entirely a fresh equity issue of up to 32.76 lakh shares, aggregating to about Rs 15 crore.
4) Price Band
The company is offering its shares at Rs 45 apiece, and investors can bid for 3,000 shares in 1 lot.
5) Financial Performance
For the year ended March 2023, the company clocked revenues of Rs 8.4 crore and net profit of Rs 3.4 crore.
6) Objects of the Offer
The net proceeds from the public offer will be used to meet capex requirements and other general corporate purposes.7) Lead managers and Registrar
Beeline Capital is acting as the lead manager to the issue and Skyline Financial is the registrar.
8) Issue Structure
About 50% of the offer is reserved for retail investors and the rest 50% for other investors.
9) Important Dates
The IPO opens on October 12 and will close on October 16. The final allotment will likely be made on October 19. The company’s shares will likely get listed on October 25.
10) Listing of Shares
The company’s shares will get listed on the NSE SME platform.
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