Arvind and Company IPO Subscription Status: Acsal IPO is Making Waves in the Market

Arvind and Company IPO Subscription Status: Arvind and Company Shipping Agency SME IPO is open for subscription from October 12, 2023 to October 16, 2023. The issue is entirely a fresh issue of 32.76 lakh shares. The IPO price is โ‚น45 per share.

The IPO has been subscribed 385.03 times (ACSAL IPO Subscription Status) as of October 16, 2023. The retail category has been subscribed 321.97 times, while the non-institutional investor category has been subscribed 436.05 times.

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See Also: ACSAL GMP Today

ACSAL IPO Subscription Status

The Arvind and Company Shipping Agency SME IPO is currently open for subscription and is subscribed 385.03 times overall. The retail individual investor category is subscribed 321.977 times and the non-institutional investor category is subscribed 436.05 times.

ACSAL IPO Subscription Status:

DayNIIRIITotal
12th Oct 202311.77x21.40x18.59x
13th Oct 202319.15x59.48x41.33x
16th Oct 2023436.05x321.97x385.03x

IPO Bidding Live Number of Shares by Category

CategoryNumber of Shares offeredNumber of Shares Bid
NII15,54,0002,97,63,000
RII15,54,0009,24,36,000
Total31,08,00012,84,69,000

Arvind and Company Shipping Agency SME IPO Dates

SME IPO ActivityDate
SME IPO Open Date12th Oct 2023
SME IPO Close Date16th Oct 2023
Basis of Allotment Finalisation Date*19th Oct 2023
Refunds Initiation*20th Oct 2023
Credit of Shares to Demat Account*23rd Oct 2023
SME IPO Listing Date*25th Oct 2023

Analysis

The Arvind and Company Shipping Agency SME IPO is oversubscribed by more than 40 times, which is a strong indication of investor interest. The retail category is particularly well-subscribed, which is a positive sign for the company.

The company is raising funds to expand its operations and repay debt. The company’s financials are sound and it has a good track record of profitability.

Overall, the Arvind and Company Shipping Agency SME IPO looks like a promising investment opportunity. However, investors should always do their own research before investing in any IPO.

Disclaimer: This blog post is not intended to be financial advice. Please consult a qualified financial advisor before making any investment decisions.

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