“Arvind and Company Shipping IPO Agencies Limited: Your ship to success”

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About Arvind and Company Shipping IPO Agency:

Arvind and Company Shipping Agency, established in 1987, is a Jamnagar-based IPO business specializing in carrying and forwarding services for marine vessels and ancillary equipment. They offer a diverse fleet of vessels, including Cargo Barges, Flat Top Barges, Crane Mounted Barges, Hopper Barges, Spud Barges, and tugs, catering to multinational corporations. In addition to their core operations, they’ve ventured into the hospitality sector with Hotel Millennium Plaza and Hotel 999, showcasing their commitment to diversification.

Key Competitive Strengths:

1. Experienced Leadership: Backed by experienced promoters and a skilled management team, Arvind and Company Shipping Agency boasts strong industry expertise.
2. Efficient Operations: Their competitive cost structure and efficient operations contribute to their success in the maritime industry.
3. Strategic Location: Strategically located facilities enable close collaboration with vendors and customers, enhancing their service quality and customer relationships.

Arvind and Company Shipping Agency Limited Financial Information

Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	578.46	1,860.94	3,381.18
Revenue	52.51	331.44	841.10
Profit After Tax	23.75	100.28	347.12
Net Worth	467.61	566.92	914.05
Reserves and Surplus	466.61	565.92	913.05
Total Borrowing	105.84	1,221.04	2,232.21

Objects of the Issue

The utilization of proceeds from the Fresh Issue is outlined as follows:

1. Capital Expenditure: The funds will be directed towards financing the company’s capital expenditure requirements, which may include investments in infrastructure, equipment, or other assets to support business growth and development.
2. General Corporate Purpose: A portion of the proceeds will be allocated for general corporate purposes, providing flexibility in addressing various operational needs or opportunities as they arise.
3. Public Issue Expenses: This allocation will cover the expenses related to conducting the public issue, ensuring a smooth and compliant process.

These objectives collectively signify the company’s strategic priorities and responsible financial planning.

Arvind and Company Shipping IPO Agencies Review

This company primarily derives its income from barge chartering services. Additionally, it has entered the hospitality sector, with plans for operations in the second half of the current fiscal year. The issue’s valuation seems reasonable when considering the annualized earnings for FY24. Investors with a well-informed perspective may find it beneficial to invest for potential medium to long-term returns.

IPO Subscription Details

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IPO GMP TODAY

Arvind and Company Shipping Agency SME IPO’s soaring with a last GMP of ₹20 as of October 11, 2023! With a price band of just ₹45.00, the estimated listing price surges to ₹65 (capital price + today’s GMP), promising a whopping 44.44% expected gain per share. Retail investors, don’t miss this chance – the subject to Sauda is ₹45,600! 🚀💰

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