Arvind and Company Shipping Agency Limited
LISTEDSME IPO · IPO Guide
Issue Price
₹45
Listed On
25 Oct 2023
Listing Price
₹80 (+77.78%)
Current Price LIVE
₹80
(+77.78%)
Lot Size Calculator
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail | 2 | 6,000 | ₹2,70,000 |
| HNI Min | 3 | 9,000 | ₹4,05,000 |
As per financials, Arvind and Company Shipping Agency Limited has shown good results, RoNW is 46.88% and P/E is respectively 54.51 and 15.74 as per FY22 and FY23 earnings. So, issue looks fully priced. But, sudden rise in net-profit and higher value of issue expenses are very surprising. Company is in business of Chartering of Barges and Hotel and Hospitality, which is highly fragmented and competitive segment. Performance of BRLM is good. So we are giving rating to this SME IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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Disclaimer
No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.
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