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News Details

09/10/2023 12:50

Arvind and Company announces launch of initial public offering

Arvind and Company Shipping Agencies Ltd. has announced public offering of 3276000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 35.00 per share. The gross proceeds of the issue are expected to be Rs 1,474.20 lakhs.

The company's initial public offer (IPO) will open on 12 October 2023 and is expected to close on 16 October 2023, subject to customary closing conditions.

The IPO includes a fresh Issue of 3276000 Equity Shares of the Company at an price of Rs 45.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 3000 shares with bids in multiples of 3000.

Arvind and Company Shipping Agencies Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & Skyline Financial Services Pvt. Ltd. is the registrar, to the issue.