Arvind and Company Shipping Allotment Check Status, ACSAL IPO GMP

Arvind and Company Shipping Agencies Ltd. (ACSAL) has announced the launch of its Initial Public Offering (IPO) with a subscription period from October 12 to October 16. The IPO price band has been fixed at ₹45 per share. ACSAL IPO Allotment status check online is Here-

How to Check Arvind and Company Shipping IPO Allotment Status

To check the Arvind and Company Shipping IPO Allotment Status, investors have the option to use online platforms such as Skyline and NSE or go the offline route by accessing their Demat account. Click Here, we’ll guide you through the steps for both online and offline methods.

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Arvind and Company Shipping is offering 3,276,000 equity shares at a fixed price of ₹45 per share, including a premium of ₹35 per share. The primary objective of this offering is to raise ₹14.74 crore. It does not include an offer for sale (OFS) component, as stated in the Red Herring Prospectus (RHP). Read Strengths and Risks of ACSAL.

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Upon successful completion of the IPO, ACSAL’s shares will be listed on the National Stock Exchange (NSE), specifically on its SME Emerge platform. The lead manager for this offering is Beeline Capital Advisors Private Limited, and the registrar is Skyline Financial Services Pvt. Ltd.

The proceeds generated from the IPO will be allocated for multiple purposes, including financing capital expenditures, covering general corporate expenses, and managing the costs associated with the public issue. ACSAL intends to invest ₹182.05 lakh in the expansion of its business.

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Arvind and Company Shipping Agencies Ltd. (ACSAL) was founded in 1987 and is headquartered in Jamnagar, Gujarat. The company specializes in the chartering business, primarily focusing on the rental of barges for commercial purposes. In addition, ACSAL has recently diversified into the hospitality sector, operating hotels in the vicinity of Jamnagar City.

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ACSAL IPO Financial

For the financial year 2022-23, ACSAL reported a total revenue of ₹8.41 crore, with a net profit of ₹3.47 crore and an EBIDTA of ₹6.58 crore. In the preceding financial year (2021-22), the company achieved a total revenue of ₹3.31 crore, a net profit of ₹1.00 crore, and an EBIDTA of ₹1.79 crore. Furthermore, for the two months ending on May 31, 2023, ACSAL recorded a total revenue of ₹2.39 crore, with an EBIDTA of ₹2.14 crore and a net profit of ₹1.14 crore.

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As of October 25, 2023, ACSAL’s Small and Medium Enterprises (SME) Initial Public Offering (IPO) has generated significant interest among investors. The Grey Market Premium (GMP) for acsal SME IPO stands at ₹18. With a price band of ₹45.00, ACSAL IPO GMP update provides an exciting opportunity for potential investors.

Arvind IPO GMP Trend- As of October 25, 2023, at 07:55

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
25-10-202345.00₹1841000₹63 (40%)
24-10-202345.00₹1841000₹63 (40%)
23-10-202345.00₹173880062 (37.78%)
22-10-202345.00₹214900066 (46.67%)
21-10-202345.00₹214900066 (46.67%)
20-10-202345.00₹194330064 (42.22%)
19-10-202345.00₹194330064 (42.22%)
18-10-202345.00₹245470069 (53.33%)
17-10-202345.00₹245470069 (53.33%)
16-10-202345.00₹245470069 (53.33%)
15-10-202345.00₹1841000₹63 (40%)
14-10-202345.00₹1841000₹63 (40%)
13-10-202345.00₹1841000₹63 (40%)
12-10-202345.00₹1431900₹59 (31.11%)

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