Arvind And Company Shipping IPO: Issue going to open on October 12, all details including price band

Arvind And Company Shipping IPO : The IPO of Arvind & Company Shipping Agency Limited is scheduled to open for subscription on October 12. Investors will have the opportunity to invest in it till October 16. The listing of the company’s shares will be on the NSE SME Emerge platform and the company intends to raise Rs 14.74 crore through this. The company has fixed a fixed offer price of Rs 45 for this. This is a completely fresh issue of 32.76 lakh shares.

Details related to IPO

The lot size of 3000 shares has been fixed for this IPO. To apply for this public issue, retail investors will have to invest at least Rs 1.35 lakh. The allotment of shares for Arvind & Company Shipping IPO is expected to take place on October 17 or 18, 2023, amid the T+3 cycle for IPO listing. At the same time, there is a possibility of listing of the company’s shares on 19 October 2023.

Beeline Capital Advisors Pvt Ltd. Arvind & Co. is the book running lead manager of the shipping agency IPO, while Skyline Financial Services Pvt. Ltd. is the registrar to the issue. The market maker for Arvind & Co. Shipping Agency IPO is Spread X Securities.

About the company

Arvind & Company Shipping Agency Limited, incorporated in the year 1987, is located in Jamnagar, Gujarat. The company primarily provides services related to marine vessels and auxiliary equipment and supplies equipment to multinational corporates. The company deals in vessels such as cargo barges, flat top barges, crane mounted barges, hopper barges, spud barges and tugs for cargo. The company has also expanded its business by entering the hospitality business with Hotel Millennium Plaza and Hotel 999. Arvind & Company Shipping Agency Limited has 15+ employees and has completed 850+ projects.

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