{"id":24061,"date":"2023-10-11T07:20:58","date_gmt":"2023-10-11T07:20:58","guid":{"rendered":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/10\/11\/arvind-and-company-shipping-sme-ipo-for-nse-listing-to-open-on-october-12-2023\/"},"modified":"2023-10-11T07:20:58","modified_gmt":"2023-10-11T07:20:58","slug":"arvind-and-company-shipping-sme-ipo-for-nse-listing-to-open-on-october-12-2023","status":"publish","type":"post","link":"https:\/\/dailynewsindia.co.in\/index.php\/2023\/10\/11\/arvind-and-company-shipping-sme-ipo-for-nse-listing-to-open-on-october-12-2023\/","title":{"rendered":"Arvind and Company Shipping \u2013 SME IPO for NSE listing to open on October 12, 2023"},"content":{"rendered":"
\n

New Delhi (India), October 11: <\/strong>Arvind and Company Shipping Agencies Ltd. (ACSAL) -is a Jamnagar based company Incorporated in 1987. The company is primarily engaged in chartering business. Chartering activities of the company mainly includes chartering of Barges for commercial purposes.<\/p>\n

Its comprehensive barge chartering services encompass a range of options tailored to meet specific requirements of the customers. Under these segment 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. It has recently forayed into hospitality business also with \u201cHotel Millennium Plaza\u201d and \u201cHotel 999\u201d, situated in surroundings of Jamnagar City of Gujarat.<\/p>\n

As on the date of this Prospectus, it owned a total of 5 (Five) Barges. The company ventured into chartering barges by purchasing barge \u201cArcadia Sumeru\u201d in FY 2021, \u201cKB-26\u201d and \u201cKB-32\u201d in FY 2022, \u201cKB-28\u201d and \u201cArcadia Minica\u201d in FY 2023. Further, company has planed to procure 2 (two) more Barges namely \u201cArcadia Parshva\u201d and \u201cAnanta\u201d from the proceeds of the IPO.<\/p>\n

The Issue:<\/strong><\/p>\n

The company is coming out with its Initial Public Offer (IPO) of 3276000 equity shares of Rs. 10 each at a fixed price of Rs. 45 (including a premium of Rs. 35) per share to mobilize Rs. 14.74 cr. The issue opens for subscription on October 12, 2023, and will close on October 16, 2023. The minimum application lot will be 3000 shares and in multiples thereof. The shares of the company will be listed on the National Stock Exchange (NSE) on its SME Emerge platform.<\/p>\n

Lead Manager to the issue is Beeline Capital Advisors Private Limtied and Skyline Financial Services Pvt. Ltd. is the registrar to the issue.<\/p>\n

For the financial year 2022-23 it posted a total revenue of Rs. 8.41 cr. with net profit of Rs. 3.47 cr. and EBIDTA of \u20b9 6.58 cr. For the financial year 2021-22 it posted a total revenue of Rs. 3.31 cr. with net profit of Rs. 1.00 cr. and EBIDTA of \u20b9 1.79 cr.<\/p>\n

While, for the two months\u2019 period ended on 31st<\/sup> May 2023, it has reported a total revenue of Rs. 2.39 cr. with EBIDTA of \u20b9 2.14 cr. and net profit of Rs. 1.14 cr.<\/p>\n

If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

New Delhi (India), October 11: Arvind and Company Shipping Agencies Ltd. (ACSAL) -is a Jamnagar based company Incorporated in 1987. The company is primarily engaged in chartering business. Chartering activities of the company mainly includes chartering of Barges for commercial purposes. Its comprehensive barge chartering services encompass a range of options tailored to meet specific…<\/p>\n

Read More “Arvind and Company Shipping \u2013 SME IPO for NSE listing to open on October 12, 2023”<\/span> »<\/a><\/p>\n","protected":false},"author":1,"featured_media":24062,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[54],"class_list":["post-24061","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-business"],"_links":{"self":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/24061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/comments?post=24061"}],"version-history":[{"count":0,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/posts\/24061\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media\/24062"}],"wp:attachment":[{"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/media?parent=24061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/categories?post=24061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dailynewsindia.co.in\/index.php\/wp-json\/wp\/v2\/tags?post=24061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}