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.
The Promoters of the Company are Vinay Tripathi and Rama Tripathi. The Promoters hold 93,19,000 Equity Shares representing 92.08% of the pre-issue Paid-up Capital of the Company.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|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.
»» Issue Open: Jun 11, 2018 - Jun 14, 2018
»» Issue Type: Book Built Issue IPO
»» Issue Size: 4,257,600 Equity Shares of Rs 10 aggregating up to Rs 35.76 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs 81 - Rs 84 Per Equity Share
»» Market Lot: 1600 Shares
»» Minimum Order Quantity: 1600 Shares
»» Listing At: NSE SME
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