Arvee Labs IPO is set to make its debut on 9th feb 18 with 61 cr is engaged in the business of spinning of cotton yarn.
Arvee Labs IPO – overview
| IPO Dates | 9-14 Feb 18 |
| IPO Price | INR 61 per share |
| Fresh issue | – |
| Offer For Sale | Nil |
| Total IPO size | 1,460,000 shares (INR 8.91 crore) |
| Minimum bid (lot size) | 2000 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Company Overview
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. The company has plans to begin manufacturing specialty chemicals in the near future.
Arvee Labs is mainly engaged in manufacturing of Polymer Modifiers, Contrast Media Intermediates and Drug Intermediates. The company caters to the demand of both domestic as well as international markets.
Arvee Labs bought land, building and machinery from Skylink Chemicals Private Limited who were engaged in the manufacturing of specialty chemicals. Currently, the Company is negotiating with IDBI Bank Limited to take over the business of Sky lead Chemicals Limited, which has been declared as sick by BIFR.
Objects of the Issue
1 .Re-payment of Unsecured Loans of Promoters
2. Issue Expenses.
Company Financials
| Particulars | 31-Mar-17 | 31-Mar-16 | 31-Mar-15 |
| Total Assets | 356.75 | 352.10 | 260.29 |
| Total Revenue | 349.37 | 269.24 | 130.52 |
| Profit After Tax | 15.52 | 1.87 | 16.47 |
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
Email: shalin.patel@arveelabs.com
Website: http://arveelabs.com/
Arvee Labs IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://www.bigshareonline.com/
Arvee Labs IPO Lead Manager(s)
- Sarthi Capital Advisors Private Limited (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
