Gujarati company’s cheap IPO open from today, 45 rupees price band; Bets can be placed till October 16

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New Delhi: If you are looking for an opportunity to earn in the stock market, then there is good news for you. Today, Thursday, October 12, the IPO of Arvind & Company Shipping Agency has been opened for investment. Investors can place bets in this issue till October 16. The price band of Arvind & Company Shipping IPO has been fixed at Rs 45. These shares are available at a premium of Rs 9 in the gray market.

Know Other Details- Investors can bid for a minimum of 3000 shares in this IPO. The promoters of the company are Arving Kantilal Shah, Vineet Arving Shah, Parul Arvind Shah and Chintan Arvind Shah.

Arvind & Company Shipping IPO, valued at 14.74 crores. The IPO is entirely a fresh issue of 3,276,000 equity shares. According to the Red Herring Prospectus, there is no proposed component for sale.

What is the company’s plan- The company is planning to invest Rs 18,205 lakhs in general corporate objectives to support its business expansion. The total cost of the issue is estimated to be around 190.15 lakhs. All costs associated with it include underwriting and management costs, distribution costs, advertising costs and listing etc.

(Disclaimer: The investment advice given here represents the personal views of the experts. Neither News 18 Gujarati nor its management is responsible for the same. Be sure to consult your financial advisor before making any investment.)