Accuracy Shipping Limited IPO (Accuracy Shipping IPO) Detail

Jun 11, 2018 - Jun 14, 2018

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

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.

Accuracy Shipping IPO Details

Accuracy Shipping IPO Date Jun 11, 2018 to Jun 14, 2018
Accuracy Shipping IPO Face Value ₹10 per share
Accuracy Shipping IPO Price ₹81 to ₹84 per share
Accuracy Shipping IPO Lot Size 1600 Shares
Issue Size4,257,600 shares of ₹10
(aggregating up to ₹35.76 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Company Promoters

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.

Accuracy Shipping IPO Timeline (Tentative Timetable)

Accuracy Shipping IPO opens on Jun 11, 2018, and closes on Jun 14, 2018. The Accuracy Shipping IPO bid date is from Jun 11, 2018 10.00 A.M. to Jun 14, 2018 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Accuracy Shipping IPO Opening Date Jun 11, 2018
Accuracy Shipping IPO Closing Date Jun 14, 2018
Basis of Allotment Jun 19, 2018
Initiation of Refunds Jun 20, 2018
Credit of Shares to Demat Jun 21, 2018
Accuracy Shipping IPO Listing Date Jun 22, 2018

Accuracy Shipping IPO Lot Size

The Accuracy Shipping IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹134,400).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹134,400
Retail (Max) 1 1600 ₹134,400

Accuracy Shipping IPO Review

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...

Accuracy Shipping IPO Subscription Status (Bidding Detail)

The Accuracy Shipping IPO is subscribed 1.50 times on Jun 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)

CategorySubscription (times)

Accuracy Shipping IPO Prospectus

Accuracy Shipping IPO Rating

Rating:Rated 3.8 stars
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Accuracy Shipping IPO Listing Date

Listing Date Friday, June 22, 2018
BSE Script Code
Listing In
ISIN INE648Z01015
IPO Price ₹84 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹84.00
Open: ₹88.00
Low: ₹84.00
High: ₹90.00
Last Trade: ₹86.10

Company Contact Information

Accuracy Shipping Limited
Survey No 42, Plot No 11
Meghpar Borichi,Anjar
Kachchh- 370110, Gujarat, India
Phone: 02836-258251

Accuracy Shipping IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Accuracy Shipping IPO Review

Accuracy Shipping IPO Recommendation Summary

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Members 0 0 0

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Accuracy Shipping IPO FAQs

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 Jun 11, 2018, and closes on Jun 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 Jun 11, 2018 and closes on Jun 14, 2018.

Accuracy Shipping IPO lot size is 1600 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Accuracy Shipping IPO will be done on Jun 19, 2018, and the allotted shares will be credited to your demat account by Jun 21, 2018. Check the Accuracy Shipping IPO allotment status.

The Accuracy Shipping IPO listing date is on Friday, June 22, 2018.
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Accuracy Shipping IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



65. AKMP |   Link |Jun 22, 2018 8:46:12 PM
See how retail investors are fooled in SME
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


65.2. Johny |   Link |Jun 24, 2018 10:12:18 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Check the Share holding pattern in Prospectus and NSE Listing Notice. Pre-IPO shares were sold. Shares that were allocated as part of QIB application were sold. And Pantomath as market maker bought the same. There are many big shots still holding including Pantomath AIF, Vantage Equity etc.
65.3. Johny |   Link |Jun 24, 2018 10:14:01 AM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Sorry insteat of "Pre-IPO shares were sold" read it as "Pre-IPO shares were NOT sold"
64. RAJAKUMAR |   Link |Jun 22, 2018 10:01:33 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
I applied two application but both refund. I regret because retail quota subscribes only1.4 times.
64.1. IPOANALYSIS |   Link |Jun 23, 2018 6:14:20 PM
Rahul rii is a liar.he managed to sell both and at top l us if loss on previous issues as well. These people are fenku. Such type of people try to show over smartness by saying I sold and that too at top price. He is new on the blog. Noone even cares what he says as he is having baseless conversation. Must be hired by LM to create positive environment and persuade people to apply in all their sme
63. Tinku kumar |   Link |Jun 23, 2018 1:06:37 PM
I cound not get allotment of sonam clock ipo but amount abhi tk refund nhi hua kya kroo??? Please help me???
62. VIE |   Link |Jun 22, 2018 10:42:22 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
@ umang
Logo k pass paisa he koi maal he nahi (ipo) . Jo mil raha he le lo.
61. IPOANALYSIS |   Link |Jun 22, 2018 9:19:19 PM
AKMP I am surprised what greed the retailers have for other issues. Panthomath is still ok but apart from it look at the fate of other listed sme recently. Also even in such market condition lead manager are coming at such high pricing because they know only few application required and easy to find foolish retailer. Now 5 sme are opening and all are worse and high price. I expect retailer not to subscribe at all and let's join to show them 0 subscription. Think what good it will do and future lead manager will think multiple time before price any sme higher.earler sme used to price so less and left lot of all sme are coming expensive as they are happy to get foolish retailer. Even if I find some might give 5 pc with risk I don't apply.
60. IPOANALYSIS |   Link |Jun 22, 2018 1:53:36 PM
I think rating agency should also rate for LM as well to judge performance

at the moment only 3 LM appears ok and had multibaggers


hem is not good performance now but remember thay had some multibaggers in the past.

apart from above 3 i dont think other LM should be there.
SEBI should cancel Navigant ,first overseas type of LM as they keepn coming up with fraud companies
what say people?
59. Small Investor |   Link |Jun 21, 2018 12:15:04 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
listing will be nearly 86-87 then after up-down
59.1. Small Investor |   Link |Jun 22, 2018 11:01:36 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
do't buy now stock will up down side and retailers will be trapped
58. RAJAKUMAR |   Link |Jun 22, 2018 10:50:12 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
I already told i entered sme stock last year only. Ususlly in last 30 years i sold all the counters at 9.15 am (In 1990 to 2005) Whatever price whether profit or loss. In Last 10 years price discovery system is applicable. In those period i sold 50% at discover price and remaining 50% at opening time (10am). The same principle followed sme stocks also. Out of 10 issues most probably 7 issues went down after listing.
57. IPOANALYSIS |   Link |Jun 22, 2018 10:17:17 AM
now at almost issue price 85rs. those who did not sell can now get at same issue price within 15 minutes of listing
still find no reason to apply in any new sme.
mind yuo all other 4 sme opening soon which are not of panthomath is piece of junk from fraud LM like navigant etc so this is time to teach atleast those LM a lesson. those who donot check chittorgarh will become bakra on those issues
57.1. RAJAKUMAR |   Link |Jun 22, 2018 10:38:11 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Otherthan Pantamoth i skip all the four issues. If HNI subscribes well in forth coming issues i will consider except Navigant.
57.2. IPOANALYSIS |   Link |Jun 22, 2018 10:41:49 AM
i agree.
however i skip all sme ipo to apply now unless the period starts when high subscribed ones go up 15 to 20 % else no use to apply in primary market and wait for lottery.

i will take a call post listing. i have picked oswal seeds from secondary market as i find its the cheapest stock available in that category and fundamentals should come to play soon.

56. RAJAKUMAR |   Link |Jun 22, 2018 9:58:11 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Again Pantamoth LM success in last four issues. Profit range from 10k to 5k is not a small amount for one lakh investor for 6 working days. It is 35 crore ipo even then it list at 88.
56.3. IPOANALYSIS |   Link |Jun 22, 2018 10:30:12 AM
innovators was down below issue price on day 1 despite too high subscription
you might have been lucky as not sure how you become so perfect and sell akshar at par as many retailrs are stuck

even today accuracy was available at 84 rs
so you could have also easily bought at 84 rs today as well which is issue price.
56.4. IPOANALYSIS |   Link |Jun 22, 2018 10:35:18 AM
Rajkumar one thing i am quite suprised how come you get out of issues like aksha at par with no return so quickly. no one can predict market. i am not sure how so much perfection and known price when to sell.
although i dont know you but have ou thought about people who are stuck in akshar, softech, innovators. aks 90% of people alloted if they were able to sell above stocks as judgement is not possible

also mind you accuracy too was available at same issue price today now again up to 88 rs.
so you can easily get sme ipo on discount or same issue price
55. IPOANALYSIS |   Link |Jun 22, 2018 10:10:02 AM
i agree only panthomath is best amongst lot but even they do not have success of 50% so risk reward is not in favour. if yuo alloteed 1 lot in each for panthomath in last 2 months its not gain.
check innnovator,akshar as well so better to stay on sidelines.

anyway i have many known people who have not got allotment in accuracy. seems they must be doing some hera pheri iin allotment too which have guarantee success.
1.4 times and not being alloted to many.
same goes with affordable robotics.many did not go as LM knew price will go higher.
54. rahul RII |   Link |Jun 22, 2018 10:04:20 AM
sold 88 two lots
53. Splendid |   Link |Jun 22, 2018 9:52:38 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Oswal, Priti & Accuracy all the 3 IPOs lead by Pantomath and if we calculate, Average we earn 5% from each IPO, i think its not bad in this market condition.
52. VIE |   Link |Jun 22, 2018 9:48:48 AM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
IEP comes out 88.
LM manage the issue somehow.
51. RAJAKUMAR |   Link |Jun 22, 2018 9:41:15 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Again Pantamoth maintaining the issue price even though issue size is 35 crore. It is good sign. Earlier Sarveshwar food we lost money huge because of poor LM it went down to 20% lower. Umang very confident in that counter but poor subscription and LM leads to huge loss.
50. Hiteshji |   Link |Jun 22, 2018 8:40:27 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
Today listing.
49. RAJAKUMAR |   Link |Jun 21, 2018 12:42:07 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
49.1. Johny |   Link |Jun 21, 2018 7:45:23 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Surprising. This was 100% confirmed allotment due to low subscription
49.2. RAJAKUMAR |   Link |Jun 22, 2018 12:50:18 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Johny
14 lakh reserved for retail category but subscribed 20 lakh. So that refund happened.
48. Hiteshji |   Link |Jun 21, 2018 8:00:35 AM
IPO Mentor IPO Mentor (500+ Posts, 400+ Likes)
No i hvnt applied.
47. IPOANALYSIS |   Link |Jun 20, 2018 9:12:45 PM
It's a big issue.high chance it won't be able to retain issue price for long. Will be available at around same price on listing day.
46. VIE |   Link |Jun 20, 2018 8:39:02 PM
IPO Mentor IPO Mentor (500+ Posts, 500+ Likes)
Allotment out here is the link

best of luck for allottees