Business Standard

Arvind & Company Shipping Agencies Ltd - IPO

Issue Type

Fixed Price - SME

Issue Size (₹ Cr.)

14.74 cr

Price Range (₹)

45

Lot Size

3000

Min Investment (₹)

1,35,000.00

Listing Exchange

NSE - SME

Open Date

12-Oct-2023

Close Date

16-Oct-2023

Listing Date

25-Oct-2023

Arvind & Company Shipping Agencies Ltd News

    The Shares of Arvind & Company Shipping Agencies Ltd have now been listed.

    Arvind & Company Shipping Agencies Ltd IPO Details

    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 equity share aggregating to Rs. 0.76 crores will be reserved for subscription by market maker to the issue (the Market Maker Reservation Portion). The issue less the market maker reservation portion i.e. net issue of 3108000 equity shares of face value of Rs. 10/- each at a price of Rs. 45 per equity share including a share premium of Rs. 35 per equity share aggregating to Rs. 13.98 crores is herein after referred to as the Net Issue. The issue and the net issue will constitute 26.99% and 25.61% respectively of the post issue paid up equity share capital of the company.The face value of the equity shares is Rs. 10/- each and the issue price is Rs. 45. The issue price is 4.5 times of the face value.

    Objective of issue

    Funding capital expenditure of the company. General corporate purposes.

    Arvind & Company Shipping Agencies Ltd Contact Details

    Arvind & Company Shipping Agencies Ltd, D-153/A 1st Flr, Okhla Industrial Are, Phase-I, New Delhi-110020

    Phone - 91-11-26812682

    Fax - 91-11-30857562

    Email - info@arvindshipping.com

    Website - www.arvindshipping.com