{"id":4503,"date":"2023-10-13T10:41:06","date_gmt":"2023-10-13T05:11:06","guid":{"rendered":"https:\/\/gwcindia.in\/blog\/\/?p=4503"},"modified":"2024-08-26T14:28:44","modified_gmt":"2024-08-26T08:58:44","slug":"ipo-arvind-and-company-shipping-agencies-limited","status":"publish","type":"post","link":"https:\/\/www.gwcindia.in\/blog\/ipo-arvind-and-company-shipping-agencies-limited\/","title":{"rendered":"IPO : Arvind and Company Shipping Agencies Limited"},"content":{"rendered":"

Arvind and Company Shipping Agencies Limited IPO<\/h1>\n

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.<\/p>\n

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.<\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0SYMBOL<\/strong><\/td>\nACSAL<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE TYPE<\/strong><\/td>\nFixed Price Issue IPO<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE OPENS ON<\/strong><\/td>\nOctober 12, 2023 (Thursday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE CLOSES ON<\/strong><\/td>\nOctober 16, 2023 (Monday)<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE PRICE<\/strong><\/td>\nRs.45 per share<\/strong><\/td>\n<\/tr>\n
\u00a0ISSUE SIZE<\/strong><\/td>\nUp to Rs.14.74 Crores<\/strong><\/td>\n<\/tr>\n
\u00a0FACE VALUE<\/strong><\/td>\nRs.10 per share<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Arvind and Company Shipping Agencies IPO price is \u20b945 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is \u20b9135,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to \u20b9270,000.<\/strong><\/p>\n\n\n\n\n\n\n\n\n\n
\u00a0MINIMUM BID<\/strong><\/td>\n3000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MINIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,35,000<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM BID<\/strong><\/td>\n3000 shares<\/strong><\/td>\n<\/tr>\n
\u00a0MAXIMUM AMOUNT\u00a0<\/strong><\/td>\nRs.1,35,000<\/strong><\/td>\n<\/tr>\n
\u00a0PROMOTER HOLDING<\/strong><\/td>\n73 % (Post-issue)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING DATE<\/strong><\/td>\nOctober 25,2023 (Wednesday)<\/strong><\/td>\n<\/tr>\n
\u00a0LISTING AT<\/strong><\/td>\nNSE-SME<\/strong><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Beeline Capital Advisors Pvt Ltd\u00a0is the book running lead manager of the Arvind and Company Shipping Agencies IPO, while\u00a0Skyline Financial Services Private Ltd\u00a0is the registrar for the issue. The market maker for Arvind and Company Shipping Agencies IPO is\u00a0Spread X Securities.<\/strong><\/p>\n

Refer to\u00a0Arvind and Company Shipping Agencies IPO RHP\u00a0for detailed information.<\/strong><\/p>\n

Objects of the Issue (Arvind and Company Shipping Agencies IPO Objectives)<\/h6>\n

The Issue Proceeds from the Fresh Issue will be utilized towards the following objects:<\/p>\n

1. Funding Capital Expenditure of the Company<\/p>\n

2. General Corporate Purpose<\/p>\n

3. To meet Public Issue Expenses<\/p>\n