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Arvee Laboratories (India) Limited IPO (Arvee Labs IPO) Detail

Feb 9, 2018 - Feb 14, 2018

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.

Company Promoters:

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

Company Financials:

Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. million)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 356.75 352.10 260.29 174.22 89.07
Total Revenue 349.37 269.24 130.52 118.36 35.59
Profit After Tax 15.52 1.87 (16.47) 0.19 0.43

Objects of the Issue:

The objects of the Issue are:
1. Re-payment of Unsecured Loans of Promoters;
2. Issue Expenses.

Issue Detail:

  »»  Issue Open: Feb 9, 2018 - Feb 14, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 1,460,000 Equity Shares of Rs 10 aggregating up to Rs 8.91 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 61 Per Equity Share
  »»  Market Lot: 2000 Shares
  »»  Minimum Order Quantity: 2000 Shares
  »»  Listing At: NSE SME

Arvee Labs IPO Reviews / Recommendations:

Dilip Davda's - avoid

 

Arvee Labs IPO Subscription Status / Live Bidding Status

Arvee Labs IPO Subscription Status tells if Arvee Labs IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Arvee Labs IPO oversubscribed if bids are received for more shares than what is offered by the company.

Arvee Labs IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved0692,000692,00076,0001,460,000
Day 1 - Feb 9, 2018 17:00 IST00966,000-966,000
Day 2 - Feb 12, 2018 17:00 IST-----
Day 3 - Feb 14, 2018 17:00 IST01,508,0002,502,000-4,010,000

Arvee Labs IPO Prospectus

Arvee Labs IPO Rating

60
3.2
Rating:Rated 3.2 stars

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Arvee Labs IPO Listing Date

  •   ›  Listing Date: Thursday, February 22, 2018
  •   ›  BSE Script Code:
  •   ›  NSE Symbol: ARVEE
  •   ›  Listing In:
  •   ›  ISIN: INE006Z01016
  •   ›  Issue Price: Rs 61 Per Equity Share
  •   ›  Face Value: Rs 10 Per Equity Share

Arvee Labs IPO News Alerts

  1. Thursday, February 22, 2018 12:00:00 AM
    Arvee Labs IPO Listing Date & Info
  2. Wednesday, February 14, 2018 12:00:00 AM
    Arvee Labs IPO Closes on Feb 14, 2018
  3. Friday, February 9, 2018 12:00:00 AM
    Arvee Labs IPO Opens on Feb 9, 2018

Company Contact Information

Arvee Laboratories (India) Limited
4th Floor, Anison Buliding, Stadium Five Roads,
Swastik Society, Opp. Shreyas Hospital,
Navrangapura, Ahmedabad 380009
Phone: +91-79-26749036/37/38
Fax: +91-79-26742600
Email: shalin.patel@arveelabs.com
Website: http://arveelabs.com/

Arvee Labs IPO Registrar

Bigshare Services Pvt. Ltd   »  Report
   Bigshare Services Pvt Ltd E-2 & 3,
   Ansa Industrial Estate, Saki-Vihar Road,
   Sakinaka, Andheri(E), Mumbai - 400 072

Phone: 91-22-40430200
Fax: 91-22-2847 5207
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Arvee Labs IPO Lead Manager(s)

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Arvee Labs IPO Review / Comments

avatar
8. Hexadecimal  Feb 22, 2018 1:22:07 PM IST I Like It. 1 | Report Abuse
Is Arvee Laboratories going to become Aarvee Encon?
Listing day scenario for the scrip of Aarvi Encon was similar i.e 2-3 rs above issue price but started moving upwards after one month.
avatar
7. ramsita  Feb 20, 2018 8:47:45 PM IST I Like It. | Report Abuse
10 allotment out of 14.,,,,,🤔🤔
avatar
7.1. DownriteVJ  Feb 21, 2018 10:29:25 AM IST I Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
great
avatar
6. DownriteVJ  Feb 14, 2018 1:32:24 PM IST I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Seriously. What are retail guyz looking for in this damn IPO?
avatar
5. IPO Success  Feb 12, 2018 7:32:27 PM IST I Like It. | Report Abuse
Clear avoid.
avatar
4. Eaglebrain  Feb 12, 2018 1:12:14 PM IST I Like It. | Report Abuse
Clear Cut Avoid.....
avatar
3. GuptaA  Feb 8, 2018 11:56:47 AM IST I Like It. 2 | Report Abuse
Payment of loans of promoters. Investors are fools?
avatar
3.1. Huzefa  Feb 11, 2018 8:41:06 AM IST I Like It. 1 | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Yes retail investors are really fools. RII quota is already oversubscribed on day one.
avatar
2. Rkg  Feb 8, 2018 7:19:46 AM IST I Like It. 2 | Report Abuse
Top Contributor Top Contributor (200+ Posts)
This co is trying to prove that investors are fools.
avatar
1. KiranS  Feb 7, 2018 11:29:33 AM IST I Like It. | Report Abuse
Issue Sizes - 346 lots in NII. 346 lots in RII
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