The Arvind and Company Shipping Agency IPO started on October 12, 2023, and ended on October 16, 2023. Shares were allocated on October 19, 2023, and refund processes began on October 20, 2023. On October 23, 2023, the shares were credited to investors demat accounts. Arvind and Company Shipping Agency was officially listed on the stock exchange on October 25, 2023.
During the IPO, Arvind and Company Shipping Agency offered shares at a price range of ₹45 per share, and the lot size was 3000 shares. The total issue size was ₹14.74 crores, with ₹14.74 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to other and 50% were set aside for retail investors.
Arvind and Company Shipping IPO Subscription Update Video
Arvind and Company Shipping Agency IPO Subscription Status
The Arvind and Company Shipping Agency IPO on October 12, 2023 was subscribed times, with the retail category being subscribed times, the other category being subscribed times.
| Category | Subscription |
| Other | x |
| Retail | x |
| Total | x |
Arvind and Company Shipping Agency IPO Basic Details
| Company Name | Arvind and Company Shipping Agency Limited |
| Domain of Company | Business of Carrying and Forwarding Agents |
| Arvind and Company Shipping Agency IPO Open Date | October 12, 2023 |
| Arvind and Company Shipping Agency IPO Close Date | October 16, 2023 |
| Arvind and Company Shipping Agency IPO Allotment Date | October 19, 2023 |
| Arvind and Company Shipping Agency IPO Listing Date | October 25, 2023 |
| Face Value | ₹10 per share |
| Price | ₹45 per share |
| Lot Size | 3000 Shares |
| Issue Size | 3,276,000 shares of ₹10 (aggregating up to ₹14.74 Cr) |
| Fresh Issue | 3,276,000 shares of ₹10 (aggregating up to ₹14.74 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Company Promoters | Mr Arvind Kantilal Shah, Mr Vinit Arvind Shah, Mrs Parul Arvind Shah and Mr Chintan Arvind Shah |
About Arvind and Company Shipping Agency Limited
Arvind and Company Shipping Agency was founded in September 1987 in Jamnagar, Gujarat. They are in the business of acting as intermediaries for shipping. They work with various types of vessels like Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and tugs for Cargo transportation. Their primary focus is on providing services for Marine Vessels and related equipment to multinational corporations.
In addition to their shipping services, they’ve also ventured into the hospitality industry with Hotel Millennium Plaza and Hotel 999.
Arvind and Company Shipping Agency Limited currently has over 15 employees and has successfully completed more than 850 projects.
Here are some of their competitive strengths:
- They have an experienced team of promoters and managers.
- They maintain competitive costs and run their operations efficiently.
- Their location is strategically chosen to facilitate close relationships with vendors and customers.
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Arvind and Company Shipping Agency IPO FAQs
What is the start and end date of Arvind and Company Shipping Agency IPO Subscription?
The Arvind and Company Shipping Agency IPO started on October 12, 2023, and ended on October 16, 2023.
When does Arvind and Company Shipping Agency IPO Subscription open?
The Arvind and Company Shipping Agency IPO open on October 12, 2023.
When does Arvind and Company Shipping Agency IPO Subscription close?
The Arvind and Company Shipping Agency IPO Close on October 16, 2023.
What is the allotment date of Arvind and Company Shipping Agency IPO?
The allotment date for Arvind and Company Shipping Agency IPO is October 19, 2023.
When is the initial refund date of Arvind and Company Shipping Agency IPO?
The initial Refund date for Arvind and Company Shipping Agency IPO is October 20, 2023.
When were the shares credited to investors demat accounts for the Arvind and Company Shipping Agency IPO?
The shares for the Arvind and Company Shipping Agency IPO were credited to investors demat accounts on October 23, 2023.
When will Arvind and Company Shipping Agency IPO be listed on the stock market?
Arvind and Company Shipping Agency IPO stock market will be listed on October 25, 2023 at 10 am.
What was the price range of the Arvind and Company Shipping Agency IPO shares?
The Arvind and Company Shipping Agency IPO shares were offered at a price range of ₹45 per share.
What was the lot size for the Arvind and Company Shipping Agency IPO shares?
The lot size for the Arvind and Company Shipping Agency IPO shares was 3000 shares.
What was the total issue size of the Arvind and Company Shipping Agency IPO?
The total issue size of the Arvind and Company Shipping Agency IPO was ₹ crores.
How were the shares allocated among different types of investors for the Arvind and Company Shipping Agency IPO?
50% were reserved for other, and 50% were set aside for retail investors.
On which stock exchanges was the Arvind and Company Shipping Agency IPO listed?
The Arvind and Company Shipping Agency IPO was listed on the NSE SME.
What is the Arvind and Company Shipping Agency IPO Subscription Status?
Arvind and Company Shipping Agency IPO is subscribed Times.
