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Accuracy Shipping IPO is a book built issue of Rs 35.76 crores.
Accuracy Shipping IPO bidding started from June 11, 2018 and ended on June 14, 2018. The allotment for Accuracy Shipping IPO was finalized on Tuesday, June 19, 2018. The shares got listed on NSE SME on June 22, 2018.
Accuracy Shipping IPO price band is set at ₹81 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400.
Pantomath Capital Advisors Pvt Ltd is the book running lead manager of the Accuracy Shipping IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Accuracy Shipping IPO RHP for detailed information.
| IPO Date | June 11, 2018 to June 14, 2018 |
| Listing Date | June 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹81 to ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,257,600 shares (aggregating up to ₹35.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 217,600 shares |
Accuracy Shipping IPO offers 3,067,200 shares. 1,424,800 (46.45%) to QIB, 997,360 (32.52%) to NII, 427,440 (13.94%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 217,600 (7.09%) |
| QIB Shares Offered | 1,424,800 (46.45%) |
| NII (HNI) Shares Offered | 997,360 (32.52%) |
| Retail Shares Offered | 427,440 (13.94%) |
| Total Shares Offered | 3,067,200 (100%) |
Accuracy Shipping IPO opens on June 11, 2018, and closes on June 14, 2018.
| IPO Open Date | Monday, June 11, 2018 |
| IPO Close Date | Thursday, June 14, 2018 |
| Basis of Allotment | Tuesday, June 19, 2018 |
| Initiation of Refunds | Wednesday, June 20, 2018 |
| Credit of Shares to Demat | Thursday, June 21, 2018 |
| Listing Date | Friday, June 22, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 14, 2018 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹134,400 |
| Retail (Max) | 1 | 1600 | ₹134,400 |
| Lot Size Calculator | |||
Incorporated in 2008, Gujarat based "Accuracy Shipping Limited" is a third party logistics solutions provider. The company offers customized and end-to-end logistics solutions and services including transportation and distribution, freight forwarding, clearing and forwarding service, custom house clearance, warehousing and value-added services to its clients. It is also engaged in the handling of project cargo, which is a specialized activity requiring detailed planning and technical expertise. The comprehensive project handling service includes designing and execution of customized solutions tailored to meet specific customer requirements for the transport of high-value specialized equipment from one location to another using multiple modes of transport. As a multimodal transport operator, it offers end-to-end freight services for export and import cargo utilizing multiple modes of transport such as sea, road, rail, and air.
Accuracy Shipping operates its business through a PAN India network consisting of a registered office at Gandhidham, 5 branch offices and over 1,300 clients as of January 31, 2018. In addition to using hired fleets, it also has a fleet of more than 150 vehicles to meet the inland transportation requirements. It also has a network of various business partners providing it with vehicles, warehouses and other assets and services for the business. At present, the company is offering its services through business partners in more than 35 countries.
The company has 169 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 5,825.34 | 4,394.03 | 2,783.54 | 1,299.16 | 520.31 | |
| Total Revenue | 20,129.20 | 17,078.99 | 16,165.61 | 9,738.73 | 3,064.89 | |
| Profit After Tax | 195.93 | 106.86 | 31.60 | 61.61 | 26.83 | |
The Objects of the Issue are-
1. Part repayment/prepayment of certain secured borrowings availed by the Company;
2. Purchase of goods transportation vehicle;
3. Funding the working capital requirements of the Company;
4. General corporate purposes.
[Dilip Davda]
Although based on superb performance for 9 months of FY18, on prima facie, it appears reasonably priced; sustainability of such performance raises concern. Hence cash surplus investors may consider investment at their own risk.
Read detail review...The Accuracy Shipping IPO is subscribed 1.50 times on June 14, 2018 5:00:00 PM. The public issue subscribed 4.79 times in the retail category, 0.56 times in the QIB category, and 1.42 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 0.56 |
| NII | 1.42 |
| Retail | 4.79 |
| Total | 1.50 |
| Listing Date | June 22, 2018 |
| BSE Script Code | |
| NSE Symbol | ACCURACY |
| ISIN | INE648Z01015 |
| Final Issue Price | ₹84 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹84.00 |
| ₹88.00 |
| ₹84.00 |
| ₹90.00 |
| ₹86.10 |
Accuracy Shipping Limited
Survey No 42, Plot No 11
Meghpar Borichi,Anjar
Kachchh- 370110, Gujarat, India
Phone: 02836-258251
Email: investors@asplindia.org
Website: http://www.asplindia.org/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: accuracy.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Accuracy Shipping IPO is a SME IPO of 4,257,600 equity shares of the face value of ₹10 aggregating up to ₹35.76 Crores. The issue is priced at ₹81 to ₹84 per share. The minimum order quantity is 1600 Shares.
The IPO opens on June 11, 2018, and closes on June 14, 2018.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Accuracy Shipping IPO opens on June 11, 2018 and closes on June 14, 2018.
Accuracy Shipping IPO lot size is 1600 Shares, and the minimum amount required is ₹134,400.
You can apply in Accuracy Shipping IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Accuracy Shipping IPO will be done on Tuesday, June 19, 2018, and the allotted shares will be credited to your demat account by Thursday, June 21, 2018. Check the Accuracy Shipping IPO allotment status.
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LOOK AT BULK DEAL DATA TODAY OF ACCURACY
Pantomath sabrimala fund aif sold share on listing which I think was allotted in May 2018 as preipo placement
Mockery of preipo placement which is supposed to be for medium to long term
DONT SUBSCRIBE TO ANY SME IPO IN CURRENT SUSPICIOUS ATMOSPHERE
COOKED BOOKS, COOKED QIB AND NOW EVEN COOKED PRE IPO PLACEMENT