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.
Mr. Shalin Sudhakarbhai Patel and Mr. Shalin Bharat Chokshi are the promoters of the company.
|Particulars||For the year/period ended (in Rs. million)|
|Profit After Tax||15.52||1.87||(16.47)||0.19||0.43|
The objects of the Issue are:
1. Re-payment of Unsecured Loans of Promoters;
2. Issue Expenses.
»» 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 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.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||692,000||692,000||76,000||1,460,000|
|Day 1 - Feb 9, 2018 17:00 IST||0||0||966,000||-||966,000|
|Day 2 - Feb 12, 2018 17:00 IST||-||-||-||-||-|
|Day 3 - Feb 14, 2018 17:00 IST||0||1,508,000||2,502,000||-||4,010,000|
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