IPO : Arvind and Company Shipping Agencies Limited
|ISSUE TYPE||Fixed Price Issue IPO|
|ISSUE OPENS ON||October 12, 2023 (Thursday)|
|ISSUE CLOSES ON||October 16, 2023 (Monday)|
|ISSUE PRICE||Rs.45 per share|
|ISSUE SIZE||Up to Rs.14.74 Crores|
|FACE VALUE||Rs.10 per share|
Arvind and Company Shipping Agencies IPO is a fixed price issue of Rs 14.74 crores. The issue is entirely a fresh issue of 32.76 lakh shares.
Arvind and Company Shipping Agencies IPO bidding opened for subscription on October 12, 2023 and will close on October 16, 2023. The allotment for the Arvind and Company Shipping Agencies IPO is expected to be finalized on Thursday, October 19, 2023. Arvind and Company Shipping Agencies IPO will list on NSE SME with a tentative listing date fixed as Wednesday, October 25, 2023.
Arvind and Company Shipping Agencies IPO price is ₹45 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹270,000.
|MINIMUM BID||3000 shares|
|MAXIMUM BID||3000 shares|
|PROMOTER HOLDING||73 % (Post-issue)|
|LISTING DATE||October 25,2023 (Wednesday)|
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Arvind and Company Shipping Agencies IPO, while Skyline Financial Services Private Ltd is the registrar for the issue. The market maker for Arvind and Company Shipping Agencies IPO is Spread X Securities.
Refer to Arvind and Company Shipping Agencies IPO RHP for detailed information.
Objects of the Issue (Arvind and Company Shipping Agencies IPO Objectives)
The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:
1. Funding Capital Expenditure of the Company
2. General Corporate Purpose
3. To meet Public Issue Expenses
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