Accuracy Shipping IPO is set to make its debut on 25 June 18 with 11.98 Cr is a third-party logistics solutions provider
Accuracy Shipping IPO – overview
| IPO Dates | 11-14 June 18 |
| IPO Price | INR 84 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 4,257,600 shares (INR 35.76 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Accuracy Shipping IPO – Tentative Dates
| IPO Offer Opening Date | 11 June 2018 |
| IPO Closing Date | 14 June 2018 |
| Finalization of Basis of Allotment | 19 June 2018 |
| Initiation of refunds | 20 June 2018 |
| Transfer of shares to demat accounts | 21 June 2018 |
| IPO Listing Date | 22 June 2018 |
Company Overview
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.
Objects of the Issue
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.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 5,825.34 | 4,394.03 | 2,783.54 |
| Total Revenue | 20,129.20 | 17,078.99 | 16,165.61 |
| Profit After Tax | 195.93 | 106.86 | 31.60 |
Company Contact Information
Accuracy Shipping Limited
Survey No 42, Plot No 11
Meghpar Borichi,Anjar
Kachchh- 370110, Gujarat, India
Phone: 02836-258251
Email: investors@asplindia.org
Website: http://www.asplindia.org/
Accuracy Shipping IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: accuracy.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Accuracy Shipping IPO Lead Manager(s)
- Pantomath Capital Advisors Pvt Ltd (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
