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 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.

Arvee Labs IPO Details

Arvee Labs IPO Date Feb 9, 2018 to Feb 14, 2018
Arvee Labs IPO Face Value ₹10 per share
Arvee Labs IPO Price ₹61 per share
Arvee Labs IPO Lot Size 2000 Shares
Issue Size1,460,000 shares of ₹10
(aggregating up to ₹8.91 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

Arvee Labs IPO Lot Size

The Arvee Labs IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹122,000).

Application Lots Shares Amount
Retail (Min) 1 2000 ₹122,000
Retail (Max) 1 2000 ₹122,000

Arvee Labs IPO Review

Considering aggressive pricing and average but inconsistant performance so far, one may give this issue a miss.

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Arvee Labs IPO Subscription Status (Bidding Detail)

The Arvee Labs IPO is subscribed 2.90 times on Feb 14, 2018 5:00:00 PM. The public issue subscribed 3.62 times in the retail category, times in the QIB category, and 2.18 times in the NII category. Check Day by Day Subscription Details (Live Status)

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Arvee Labs IPO Prospectus

Arvee Labs IPO Rating

Rating:Rated 3.2 stars
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Arvee Labs IPO Listing Date

Listing Date Thursday, February 22, 2018
BSE Script Code
Listing In
ISIN INE006Z01016
IPO Price ₹61 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade
IPO Price: ₹61.00
Open: ₹60.95
Low: ₹60.50
High: ₹66.50
Last Trade: ₹62.50

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

Arvee Labs IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Arvee Labs IPO Review

Arvee Labs IPO Recommendation Summary

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Arvee Labs IPO FAQs

Arvee Labs IPO is a SME IPO of 1,460,000 equity shares of the face value of ₹10 aggregating up to ₹8.91 Crores. The issue is priced at ₹61 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Feb 9, 2018, and closes on Feb 14, 2018.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

The Arvee Labs IPO opens on Feb 9, 2018 and closes on Feb 14, 2018.

Arvee Labs IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Arvee Labs 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 Arvee Labs IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Arvee Labs IPO allotment status.

The Arvee Labs IPO listing date is on Thursday, February 22, 2018.
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Arvee Labs IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



8. Hexadecimal |   Link |Feb 22, 2018 1:22:07 PM
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.
7. ramsita |   Link |Feb 20, 2018 8:47:45 PM
Top Contributor Top Contributor (200+ Posts)
10 allotment out of 14.,,,,,????????
7.1. DownriteVJ |   Link |Feb 21, 2018 10:29:25 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
6. DownriteVJ |   Link |Feb 14, 2018 1:32:24 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Seriously. What are retail guyz looking for in this damn IPO?
5. IPO Success |   Link |Feb 12, 2018 7:32:27 PM
Clear avoid.
4. Eaglebrain |   Link |Feb 12, 2018 1:12:14 PM
Clear Cut Avoid.....
3. GuptaA |   Link |Feb 8, 2018 11:56:47 AM
Payment of loans of promoters. Investors are fools?
3.1. Huzefa |   Link |Feb 11, 2018 8:41:06 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Yes retail investors are really fools. RII quota is already oversubscribed on day one.
2. Rkg |   Link |Feb 8, 2018 7:19:46 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
This co is trying to prove that investors are fools.
1. KiranS |   Link |Feb 7, 2018 11:29:33 AM
Issue Sizes - 346 lots in NII. 346 lots in RII