Arvind and Company Shipping Agencies Limited

About the company

## **About Arvind and Company Shipping Agencies Limited IPO :** Incorporated in 1987,  Arvind & Company Shipping Agencies Limited (‘ACSAL’) for over 3 decades has been engaged in the business of shipping and forwarding agents. They company is based from Jamnagar, Gujarat.  Chartering activities of the  company mainly include chartering of Barge for commercial purposes. The company is part of the Arcadia group, founded by our visionary promoter Mr. Arvind Kantilal Shah and his father Mr. Kantilal Premchand Shah. Arcadia group provides various port construction and chartering services. As on date, the group has a portfolio of approximately 34 barges to cater to its clients. Arcadia Group is a service provider to various port construction companies. Such services include stevedoring, cargo handling, ship agency work, dredging, underwater trenching, underwater rock breaking, port constructions, port maintenance and other marine works. The company comprehensive barge chartering services encompass a range of options tailored to meet specific requirements of the customers. Under this segment the 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. The company derive their revenue majorly from 2 two business verticals, as follows  Chartering of Barges & Hotel and Hospitality. Arvind & Company Shipping Agencies Limited is set to debut its initial public offering (IPO). The proceeds generated from the Fresh Issue will be allocated towards the following objectives: 1. Funding Capital Expenditure of the company 1. General Corporate Purposes ## **Here are key details about the Arvind and Company Shipping Agencies Limited IPO :** Company Name|  Arvind and Company Shipping Agencies Limited |  | Company Type| Private ---|---|---|---|--- IPO Type|SME|

Financial performance (₹ Cr)

IPO Roadmap / Timeline

1. IPO Opens

   Completed
   12 Oct 2023

   Bidding starts for all investor categories

2. IPO Closes

   Completed
   16 Oct 2023

   Last day to place your bid

3. Basis of Allotment

   Completed
   14 Oct 2023

   Share allotment finalised

4. Refund Initiation

   Completed
   20 Oct 2023

   Refunds credited for non-allottees

5. Credit to Demat

   Completed
   19 Oct 2023

   Allotted shares credited to demat account

6. Listing on Exchange

   Completed
   25 Oct 2023

   Shares list on NSE / BSE

Post-close dates are indicative as per SEBI T+3 listing framework and may change per registrar updates.