Arvind and Company Shipping Agencies IPO Review, Date, Price, GMP

Arvind and Company Shipping Agencies is part of the Arcadia group, which was created by its visionary promoter, Mr. Arvind Kantilal Shah, and his father, Mr. Kantilal Premchand Shah. The Arcadia group is known for its port building and chartering services. The group now has a portfolio of roughly 34 barges to service its clients. Stevedoring, cargo handling, ship agency work, dredging, underwater trenching, underwater rock breaking, port constructions, port maintenance, and other maritime work are among its services. 

Arvind and Company Shipping Agencies’ primary business is chartering services, specifically commercial barge chartering. The Company caters to the specialized demands of cargo transporting companies by providing a wide range of barge chartering services suited to individual customer requirements.

Arvind and Company Shipping Agencies revenue primarily derives from two core business verticals:

1. Chartering of Barges: 

Arvind and Company Shipping Agencies provide services like barge renting which is a trustworthy and cost-effective alternative for inland waterway cargo transportation. Barges are flat-bottomed vessels famous for their distinctive design, non-propulsion, high cargo capacity, and usefulness in a variety of sectors.

Barges are commonly used for transportation, construction and infrastructure support, storage and floating platforms, and dredging and excavation activities. The company provides a variety of barge options, variable renting durations, and customized solutions to fulfill the demands of its customers.

2. Hotel and Hospitality: 

The company operates two hotels, “Hotel Millennium Plaza” and “Hotel 999,” in Jamnagar City, Gujarat. Hotel Millennium Plaza has 72 rooms and has been in operation since 2021, while Hotel 999 has yet to start its commercial operations. These hotels provide facilities such as valet parking, complimentary breakfast, centralized air conditioning, and internet services. The company focuses on offering value-for-money services, emphasizing cleanliness, hygiene, and affordability to ensure customer satisfaction.

Arvind and Company Shipping Agencies IPO Complete Details:

Arvind and Company Shipping Agencies IPO Timetable:

Company Financial Details:

AS OF NOW, the GMP OF Arvind and Company Shipping Agencies is Around 17 Rs.

Objects Of Issue:

1. Funding the capital expenditure of the company.

2. Supporting general corporate purposes.

3. Meeting public issue expenses for the company.

Promoters:

Mr. Arvind Kantilal Shah:

– Age: 76 years

– Designation: Promoter and Chairman cum Managing Director

– Business Experience: Over 40 years in various industries including construction, food, and commercial chartering of barges

Mrs. Parul Arvind Shah:

– Age: 70 years

– Designation: Promoter and Non-executive Director

– Business Experience: More than 2 years of engagement in her own proprietorship, specializing in the business of chartering barges.

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