Aarvi Encon Limited IPO is about to debut on 21 September 2017, with an issue size of 21.24CR. Aarvi Encon Limited is a reputable engineering and manpower outsourcing services provider that has been in operation since 1987. The company boasts of ISO 9001:2008 and OHSAS certifications and offers a range of services, including IT staffing, technical staffing, project management, construction supervision, procurement assistance, inspection, commissioning, operation and maintenance, and shutdown services. Among its high-profile clients are Reliance Industries, Cairn India, HPCL Mittal, and Bechtel. The company caters to various industries, including oil and gas, power, LNG, PNG, refinery, petrochemical, pipeline, wind and solar power, offshore, exploration and production, infrastructure, ports and terminals, telecom, fertilizer, cement, automobile, metro and monorail, railway, metal and mineral, and information technology.
Industry Overview
The company’s services include manpower outsourcing, project management, inspection, and maintenance services for various industries, including oil and gas, power, petrochemicals, and construction. Aarvi Encon’s focus on providing cost-effective and efficient solutions has made it a leading player in the Indian engineering and technical services market.
Aarvi Encon IPO Details
| IPO Date | Sep 21, 2017 to Sep 26, 2017 |
| Listing Date | Oct 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹54 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 3,934,000 shares(aggregating up to ₹21.24 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Company Financials
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | ||
| Total revenue | 78.5 | 96.7 | 114.6 | 109.9 | 146.5 | |
| Total expenses | 72.0 | 88.8 | 105.1 | 106.0 | 141.3 | |
| Profit after tax | 4.3 | 4.6 | 6.4 | 2.7 | 3.5 |
Objects of the Issue
The objects of the Issue are:
1. To meet the working capital requirements of the Company;
2. Acquisitions and Other Strategic Initiatives;
3. General Corporate Purposes;
4. Issue Expenses.
Aarvi Encon IPO Prospectus
Company Contact Information
Aarvi Encon Ltd
603, B1 Wing, Marathon Innova,
Marathon Nextgen Complex,
Lower Parel (W), Mumbai � 400013
Phone: +91-22-40499999
Email: info@aarviencon.com
Website: http://www.aarviencon.com
Aarvi Encon IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Aarvi Encon IPO Lead Manager(s)
- Sarthi Capital Advisors Private Limited (Past IPO Performance)
