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Open
9 Feb 2018
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Close
14 Feb 2018
3
Allotment
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Listing
Thu, Feb 22, 2018
Price Band
₹61 per share
Issue Size
14,60,000 shares (agg. up to ₹9 Cr)
Lot Size
2,000 Shares
Listing Date
Thu, Feb 22, 2018
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 2.65x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Sep 2017 | 31 Mar 2017 | 31 Mar 2016 | 31 Mar 2015 |
|---|---|---|---|---|
| Assets | 39.17 | 35.67 | 35.21 | 26.03 |
| Total Income | 19.80 | 34.94 | 26.92 | 13.05 |
| Profit After Tax | 0.32 | 1.55 | 0.19 | -1.65 |
| NET Worth | 4.49 | 4.19 | 2.64 | 1.41 |
| Reserves and Surplus | 0.44 | 0.14 | -1.41 | -1.59 |
| Total Borrowing | 24.05 | 23.80 | 23.66 | 20.78 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Vadivarhe Speciality Chemicals Ltd. | SME | ₹14.46 Cr | ₹42 | null | ₹50.40 | +20.00% | ₹29.00 (-3.49%) |
| Yug Decor Ltd. | SME | ₹2.88 Cr | ₹26 | null | ₹26.10 | +0.38% | ₹25.37 (-4.98%) |
| Chemcrux Enterprises Ltd. | SME | ₹2.40 Cr | ₹18 | null | ₹21.60 | +20.00% | ₹90.14 (+1.24%) |
| Sanginita Chemicals Ltd. | SME | ₹10.05 Cr | ₹22 | null | ₹22.90 | +4.09% | ₹54.76 (+1.99%) |
| Galaxy Surfactants Ltd. | Mainboard | ₹937.09 Cr | ₹1480 | null | ₹1,700.45 | +14.90% | ₹1,937.60 (-1.31%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Re-payment of Unsecured Loans of Promoters | 8.41 |
| 2 | Issue Expenses | 0.50 |
About Arvee Laboratories IPO
Incorporated in 2012, Arvee Laboratories (India) Limited is Ahmadabad, Gujarat based company engaged in trading in specialty chemicals by getting manufacturing done on job work basis. Company has plans to begin manufacturing of specialty chemicals in near future.Arvee Labs is mainly engaged in manufacturing of Polymer Modifiers, Contrast Media Intermediates and Drug Intermediates. Company caters to the demand of both domestic as well as international markets.Arvee Labs bought land, building and machineries from Skylink Chemicals Private Limited who was engaged in manufacturing of specialty chemicals. Currently, Company is negotiating with IDBI Bank Limited to take over the business of Skylead Chemicals Limited which has been declared as sick by BIFR.+ Read More
Contact Details
Arvee Laboratories (India) Ltd. Address4th Floor, Anison Buliding, Stadium Five RoadsSwastik Society, Opp.Shreyas HospitalNavrangapuraAhmedabad, Gujarat, 380009+91-79-26749036/37/38shalin.patel@arveelabs.comVisit Website