Arvind and Company Shipping Agencies IPO

Arvind and Company Shipping Agencies Limited

₹1,35,000 /3000 sharesMinimum Investment

Arvind and Company Shipping Agencies IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
12 Oct ‘23 - 16 Oct ‘23₹1,35,0003,000₹45 - ₹45
Issue SizeIPO Doc
14.74Cr
RHP PDF

About Arvind and Company Shipping Agencies

Arvind and Company Shipping Agencies, established in 1987, is in the shipping and forwarding agent business. In 1997, the company acquired Hotel Millennium Plaza, which generated rental income for the company until 2021. The company's primary focus lies in the chartering business, specifically in chartering barges for commercial purposes. The company offers comprehensive barge chartering services, tailored to cater to the specific needs of its customers. Its clientele primarily consists of construction companies, who often require barges to transport heavy equipment, construction materials, and personnel to and from construction sites near bodies of water. Barges are efficient means to transport materials like sand, gravel, cement, steel, and machinery, supporting various construction projects.;
Founded in
1987
Managing director
Mr. Arvind Kantilal Shah
Parent organisation
Arvind and Company Shipping Agencies Limited

Strengths & Financials of Arvind and Company Shipping Agencies

Strengths
Risks
The company's strategic location along the West coastline of Gujarat contributes to its chartering income from barges. Situated in key shipping hubs and close to major ports, the company reduces transportation costs and lead times.
In the hotel sector, the company's property, Hotel Millennium Plaza, is strategically positioned 20 kilometers away from Jamnagar on the Jamnagar-Khambhadiya highway (Moti Khavdi 361140). This location is in close proximity to some of India's largest petroleum refineries.
Within its Hospitality business segment, the company manages two hotels, namely Hotel Millennium Plaza and Hotel 999, both located in Jamnagar, Gujarat. Hotel Millennium Plaza has 72 well-appointed rooms and has been under the company's operation since 2021. It spans an area of 5882.17 square meters. Hotel 999 is yet to commence its commercial operations.
As of May 31, 2023, the company maintains a fleet of five barges with four active work orders, rental agreements, or Memorandums of Understanding (MOUs) in place.

Arvind and Company Shipping Agencies Financials

*All values are in Rs. Cr
No Graph Data To Display

Application Details of Arvind and Company Shipping Agencies IPO

Apply asPrice bandApply upto
Regular45 - 45₹2 Lakh
High Networth Individual45 - 45₹2 - 5 Lakh
For Arvind and Company Shipping Agencies IPO, eligible investors can apply as Regular.
ⓒ 2016-2024 Groww. All rights reserved, Built with in India
MOST POPULAR ON GROWWVERSION - 5.5.8
STOCK MARKET INDICES:  S&P BSE SENSEX |  S&P BSE 100 |  NIFTY 100 |  NIFTY 50 |  NIFTY MIDCAP 100 |  NIFTY BANK |  NIFTY NEXT 50
MUTUAL FUNDS COMPANIES:  GROWWMF |  SBI |  AXIS |  HDFC |  UTI |  NIPPON INDIA |  ICICI PRUDENTIAL |  TATA |  KOTAK |  DSP |  CANARA ROBECO |  SUNDARAM |  MIRAE ASSET |  IDFC |  FRANKLIN TEMPLETON |  PPFAS |  MOTILAL OSWAL |  INVESCO |  EDELWEISS |  ADITYA BIRLA SUN LIFE |  LIC |  HSBC |  NAVI |  QUANTUM |  UNION |  ITI |  MAHINDRA MANULIFE |  360 ONE |  BOI |  TAURUS |  JM FINANCIAL |  PGIM |  SHRIRAM |  BARODA BNP PARIBAS |  QUANT |  WHITEOAK CAPITAL |  TRUST |  SAMCO |  NJ

ABOUT GROWW