Digital ArchiveThis story is part of our historical records. While preserved for reference, some details and facts may have evolved since its original publication 6 months ago.
Arvind and Company Shipping – SME IPO for NSE listing to open on October 12, 2023
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 [...]
PNN Verified Media or Organization • 25 Apr, 2026Agency
Oct 11, 2023 • 6:16 PM 0
B
Business
NEWS CARD
“Arvind and Company Shipping – SME IPO for NSE listing to open on October 12, 2023”
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 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 “Hotel Millennium Plaza” and “Hotel 999”, situated in surroundings of Jamnagar City of Gujarat.
As on the date of this Prospectus, it owned a total of 5 (Five) Barges. The company ventured into chartering barges by purchasing barge “Arcadia Sumeru” in FY 2021, “KB-26” and “KB-32” in FY 2022, “KB-28” and “Arcadia Minica” in FY 2023. Further, company has planed to procure 2 (two) more Barges namely “Arcadia Parshva” and “Ananta” from the proceeds of the IPO.
The Issue:
Get Featured Today!
Get featured your news, press release, success story and more on The Bizz Stories. You can feature on Article, Social Media Post, Biography and more.
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.
Lead Manager to the issue is Beeline Capital Advisors Private Limtied and Skyline Financial Services Pvt. Ltd. is the registrar to the issue.
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 ₹ 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 ₹ 1.79 cr.
While, for the two months’ period ended on 31st May 2023, it has reported a total revenue of Rs. 2.39 cr. with EBIDTA of ₹ 2.14 cr. and net profit of Rs. 1.14 cr.
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.
historyThis is an archived post. The information provided may be outdated.
rss_feed
Disclaimer
This is an unedited and auto-generated story from Syndicated News feed, The Bizz Stories Staff may not have modified or edited the content body.
favorite
Follow us for the latest updates:
PNN Verified Media or Organization • 25 Apr, 2026Agency
(This is an unedited and auto-generated story from Syndicated News feed, TBS Staff may not have modified or edited the content body)
.jpg)
.jpg)
.jpeg)
