Arvee Laboratories (India) Limited IPO

Arvee Laboratories (India) Limited Profile:

Arvee Laboratories (India) Limited IPO IPO Updates- Price, Subscription details , Allotment Status, Listing Date and Grey Market Premium (GMP)
Arvee Laboratories (India) Limited IPO

Arvee Laboratories started with the aim to become a leader and head in the chemical industry. They provide the best and innovative quality chemical products. Their philosophy revolves around the dream envisioned by founders of establishing an eco-friendly organization dedicated to providing good quality innovative products at a very competitive price.

Arvee chemical manufacturing company offers best products at a reasonable price with keeping quality and precision as the standard for any operation. Quality, Service, and Advancement are the mainstay of the company which has brought this far in the chemical industry. Arvee is dedicated to the cause of perfection and precision with the use of the most advanced technology.  As it fetches astounding results for us, it also helps the company to keep pace with changing industry trends. Arvee with its zeal and enthusiasm to herald a new trend puts the highest thrust on research.

Arvee has recognized its credibility as an approved vendor in the international market after successfully passing the Quality Audits conducted by various companies of international repute. Arvee Laboratories is also in the process of adopting GMP (Good Manufacturing Practices) and other ISO systems related to Environment, Health, and Safety.

Arvee Laboratories (India) Limited Promoters:

The Promoters of the company are Mr. Shalin Sudhakarbhai Patel and Mr. Shalin Bharat Chokshi.

Arvee Laboratories (India) Limited IPO details:


Symbol: ARVEE

Issue Size: Public issue of 14,60,000 Equity Shares (including Market Maker reservation portion of 76,000 equity shares)

Face Value: Rs 10

Price Range: Rs 61

Issue Type:   Fixed Price

Bid Lot: 2000 Equity Shares and in multiples thereof

Minimum Order Quantity: 2000 Equity Shares

Issue Period: 09-February-2018 to 14-February-2018

Maximum Subscription Amount for Retail Investor: Rs. 2,00,000

Name of the Registrar: Bigshare Services Private Limited

IPO Market Timings: 10.00 a.m. to 5.00 p.m.

Listing at: NSE SME

Arvee Laboratories (India) Limited Financials:

Arvee Laboratories’ financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 355.9 1,183.6 1,305.2 2,692.4 3,493.7 1,980.0
Total expenses 350.6 1,181.3 1,405.8 2,638.8 3,407.7 1,941.0
Profit after tax 4.3 1.9 -164.7 18.7 155.2 31.6

 

Arvee Laboratories (India) Limited IPO Subscription Details:

Total Issue Size 1460000
Total Bids Received 3922000
Total Bids Received at Cut-off Price  –
No. of times issue is subscribed 2.69

* Last updated 14/02/2018 15:50:00 IST

Bid Details for  ARVEE as on 14-Feb-2018 17:00:01 IST

Sr. No Category No of shares bid for
 1  Qualified Institutional Buyers(QIBs)  0
 2  Non Institutional Investors   15,08,000
 3  Retail Individual Investors(RIIs)  25,02,000
 4  Employees  –
   Total 40,10,000

Arvee Laboratories (India) Limited Allotment Status:


Arvee Laboratories (India) Limited IPO Allotment Date:  N/A

Arvee Laboratories (India) Limited IPO Listing Date: N/A

IPO Allotment Status
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