Arvind and Company Shipping Agencies Limited

About Arvind and Company Shipping Agencies Limited IPO: 

Incorporated in 1987,  Arvind & Company Shipping Agencies Limited (‘ACSAL’) for over 3 decades has been engaged in the business of shipping and forwarding agents. They company is based from Jamnagar, Gujarat.  Chartering activities of the  company mainly include chartering of Barge for commercial purposes. 

The company is part of the Arcadia group, founded by our visionary promoter Mr. Arvind Kantilal Shah and his father Mr. Kantilal Premchand Shah. Arcadia group provides various port construction and chartering services. As on date, the group has a portfolio of approximately 34 barges to cater to its clients. Arcadia Group is a service provider to various port construction companies. Such services include stevedoring, cargo handling, ship agency work, dredging, underwater trenching, underwater rock breaking, port constructions, port maintenance and other marine works.

The company comprehensive barge chartering services encompass a range of options tailored to meet specific requirements of the customers. Under this segment the end users are construction companies who often require barges to transport heavy equipment, construction materials, or personnel to and from construction sites located near bodies of water. Barges can be used to transport materials such as sand, gravel, cement, steel, or machinery to support construction projects. The company derive their revenue majorly from 2 two business verticals, as follows  Chartering of Barges & Hotel and Hospitality. 

Arvind & Company Shipping Agencies Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives:

1. Funding Capital Expenditure of the company
2. General Corporate Purposes

Here are key details about the Arvind and Company Shipping Agencies Limited IPO: