Arvind and Company Shipping Agencies Limited
listed
₹1.35LMin. investment
Arvind and Company Shipping Agencies Limited IPO Details
Issue size
₹14.74Cr
IPO type
SME
Price range
₹45.00 – ₹45.00
Listing date
25 Oct 2023
Lot size
3000 shares
RHP/DRHP
Read
Price range₹45.00 – ₹45.00
IPO type
SME
Lot size3000 shares
Issue size₹14.74Cr
RHP/DRHP
Read
Arvind and Company Shipping Agencies Limited Timeline
- Bid start12 Oct 2023
- Bid end16 Oct 2023
- Allotment14 Oct 2023
- Release of funds20 Oct 2023
- Demat transfer19 Oct 2023
- Listing25 Oct 2023
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:
- Funding Capital Expenditure of the company
- General Corporate Purposes
Here are key details about the Arvind and Company Shipping Agencies Limited IPO :
| Company Name | Arvind and Company Shipping Agencies Limited | Company Type | Private | |
|---|---|---|---|---|
| IPO Type | SME |
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Arvind and Company Shipping Agencies Limited Contact Details
Company NameArvind and Company Shipping Agencies Limited
How to apply for Arvind and Company Shipping Agencies Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.