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The Arvind and Company IPO Allotment: Unlocking the Facts
When it comes to the buzz around IPOs, the Arvind and Company IPO Allotment has undoubtedly created waves in the market. In this article at PrimeNewsly, we're going to delve deep into the world of Arvind and Company's IPO, exploring everything from its history to its GMP range, subscription status, and how you can check your allotment status.
Before we dive into the intricate details of the Arvind and Company IPO, let's take a moment to understand the company itself.
So, when we talk about Arvind and Company Limited, we mention the flagship company of the Lalbhai Group, is a well-established textile manufacturer headquartered in Naroda, Ahmedabad, Gujarat, India. The company's history dates back to its founding in 1931 by three visionary brothers - Kasturbhai, Narottambhai, and Chimanbhai Lalbhai. Over the years, Arvind has become India's largest denim manufacturer and the second-largest denim producer and exporter globally.
In addition to denim, Arvind also excels in manufacturing cotton shirting, knits, and bottomweight (khaki) fabrics. Their story is one of perseverance and continuous innovation, marked by a record-high profitability in 1980.
In the world of logistics and shipping, Arvind and Company Shipping Agency is a renowned name.
Established in September 1987 in Jamnagar, Gujarat, the company specialises in various vessels, including cargo barges, flat top barges, crane-mounted barges, hopper barges, spud barges, and tugs for cargo. Their expertise in this sector is evident, making them a prominent player in the industry.
The Arvind and Company Shipping IPO allotment date saw a series of significant dates that determined its course:
This sequence of events set the stage for investors eagerly waiting to see how their investments would perform.
Investors who applied for the Arvind and Company IPO can check their allotment status for Arvind and Company IPO allotment status through various methods. You can use your Application Number, Demat Account, or PAN to track your allotment status.
This transparency in the allotment process is designed to make it easier for investors to monitor their investments.
You can check the allotment status for the Arvind and Company Shipping Agency IPO on the BSE website. To do so, you can:
You can also check the allotment status on the Skyline website. To do so, you can:
The Grey Market Premium (GMP) is a key indicator of investor sentiment. As of October 15, 2023, the GMP for Arvind and Company Shipping Agencies IPO stood at ₹18, with a base price of ₹45. The estimated listing price was ₹63, representing a substantial 40% increase over the IPO price. It's important to note that GMP can fluctuate, providing valuable insights into market dynamics.
The GMP range for the Arvind and Company IPO was ₹17-18, with an estimated listing price of ₹69, signifying a remarkable 53.33% increase over the IPO price. This data is important for investors looking to gauge market demand for the IPO shares in the secondary market..
Here are the key details of the Arvind and Company Shipping Agencies IPO:
These details offer investors a comprehensive understanding of the investment landscape and the financial parameters associated with the IPO.
Skyline Financial Services Private Limited is the registrar for the Arvind and Company Shipping Agencies IPO. This entity plays an important role in overseeing the Arvind and Company IPO allotment status and refund process, ensuring a smooth experience for investors.
The Arvind and Company Shipping Agencies IPO allotment status was scheduled to list on NSE SME on October 25, 2023. The allotment status was finalised on October 19, 2023, and refunds were initiated on October 20, 2023. Shares were credited to Demat accounts on October 23, 2023.
Investors can conveniently check their Arvind and Company IPO allotment status by visiting the registrar's website and entering their PAN number. Additionally, BSE, NSE, CDSL, and NSDL typically inform IPO investors about the new IPO allotment status through email and SMS, ensuring they stay well-informed about their investments.
The Arvind and Company Shipping Agencies IPO received remarkable investor interest, with a subscription rate of 385.03 times. The retail category was subscribed 321.97 times, while the other category was oversubscribed at 436.05 times. The basis of allotment was around 321:1, indicating the immense demand for the Arvind and Company IPO subscription shares.
For real-time updates on Arvind and Company Shipping IPO subscription status, investors can easily access the information on each exchange's website.
1. Arvind and Company is India's largest denim manufacturer, founded in 1931 by the Lalbhai brothers.
2. Arvind ventured into the textile industry, introducing denim culture in India.
3. Arvind and Company Shipping Agency specializes in cargo logistics and vessels.
4. The Arvind and Company IPO's allotment status was confirmed on October 19, 2023.
5. Investors can check their Arvind and Company IPO allotment using application numbers, Demat accounts, or PAN.
6. The IPO was listed on the NSE SME Emerge segment on October 25, 2023.
7. The GMP for Arvind and Company Shipping IPO allotment, was ₹18 on October 15, 2023.
8. Grey Market Premium (GMP) indicates the demand for IPO shares.
9. The GMP ranged from ₹17 to ₹18, with an estimated listing price of ₹69.
10. The IPO was priced at ₹45 per share with a face value of ₹10 per share.
11. The IPO had a total issue size of ₹14.74 crores, including 32,76,000 equity shares.
12. The subscription rate for the Arvind and Company IPO was a remarkable 385.03 times, indicating strong investor interest in Arvind and Company shipping ipo subscription status.
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Arvind and Company, founded in 1931, is India's largest denim manufacturer and played a pioneering role in introducing denim culture to India, making a significant mark in the textile industry.
You can check your Arvind and Company IPO allotment status using your Application Number, Demat Account, or PAN. The status is also available on the registrar's website and is often communicated via email and SMS.
GMP is the difference between the price shares are traded in the grey market and the IPO price. It provides insights into market demand and can help investors gauge potential profits.
The IPO was priced at ₹45 per share with a face value of ₹10 per share. The minimum lot size was 3,000 shares, requiring a minimum investment of ₹135,000 for retail investors.
The IPO was oversubscribed at an impressive rate of 385.03 times, with the retail category at 321.97 times and the other category at 436.05 times. This indicates strong investor interest and demand for the Arvind and company shipping IPO subscription status shares.
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Conclusion
In conclusion, the Arvind and Company IPO Allotment is a significant event in the financial landscape, characterised by a rich history, strong subscription rates, and a fluctuating Grey Market Premium. The future of Arvind and Company, as it makes its debut on the NSE SME, looks promising, and the excitement in the market is palpable. Stay tuned for more updates as this IPO unfolds.
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