Arvind and Company Shipping Agencies Limited IPO
i. Arvind and Company Shipping Agencies incorporated in 1987, operates in the business of Shipping and Forwarding agents. Its revenue primarily comes from commission income charged to clients. Additionally, the company acquired “Hotel Millennium Plaza” in FY 1997, generating rental income until FY 2021.
ii. The company’s core business is chartering, with a focus on chartering Barges for various commercial purposes. As of the present date, the company owns a total of 5 Barges, which were acquired in recent fiscal years. The chartering services cater to construction companies that require barges to transport heavy equipment, construction materials, or personnel to and from construction sites located near bodies of water. Barges are flat-bottomed boats used in port construction, maintenance, dredging, goods transportation, crane and backhoe placement, and materials handling in waterways and coastal areas. They are towed or pushed by tugboats or push boats.
iii. The company is known for understanding the unique needs of businesses involved in cargo transportation, offering tailored barge chartering services to meet specific customer requirements.
iv. In addition to its chartering business, the company ventured into the hospitality industry with “Hotel Millennium Plaza” and “Hotel 999” in the surroundings of Jamnagar City, Gujarat. As of the date of the prospectus, the company manages both hotels, with “Hotel Millennium Plaza” being owned by the company since 1997, and “Hotel 999” owned by a promoter but managed by the company based on a rent agreement.
v. The company derives its revenue from two main business verticals:
i. Chartering of Barges: This involves chartering flat-topped barges to coastal transporters who use them to transport goods or equipment. As of May 31, 2023, the company has five barges with active work orders and renting agreements.
ii. Hotel and Hospitality: Under this vertical, the company operates two hotels, “Hotel Millennium Plaza” and “Hotel 999,” both located in Jamnagar City, Gujarat. Each hotel offers 72 well-furnished rooms and contributes to the company’s revenue through the hospitality business.
i. Experienced Promoters and Management Team
ii. Competitive cost structure and efficient operations
iii. Location of our facilities promotes closer association with our vendors and customers
Objects of the Arvind and Company Shipping Agencies Limited IPO:
Arvind and Company Shipping Agencies Limited IPO Details:
|Open Date:||Oct 12 2023|
|Close Date:||Oct 16 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||14.74 Cr.|
|Lot Size:||3000 Shares|
|Issue Price:||₹ 45 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Oct 25 2023|
Promoters And Management:
Financials of Arvind and Company Shipping Agencies Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||36||257||711|
|Employee benefits expenses||8||7||16|
|Depreciation & Amortisation||23||75||206|