The Accuracy Shipping date has been confirmed from June 11, 2018 and ended on June 14, 2018.
Accuracy Shipping Developers IPO is a fixed price issue of Rs 35.76 crores. The price band is set at ₹81 to ₹84 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹134,400.
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Bidding Dates
June 11-14
Price Range
₹81 to ₹84 per share
Face Value
₹10 per share
GMP
₹10.05
Accuracy Shipping IPO GMP
The Accuracy Shipping IPO GMP is ₹10.05.
IPO Overview
Accuracy Shipping IPO is a Rs 35.76 crore book-built issuance. Bidding for the Accuracy Shipping IPO began on June 11, 2018 and closed on June 14, 2018. On Tuesday, June 19, 2018, the Accuracy Shipping IPO allotment was completed. On June 22, 2018, the shares were listed on the NSE SME. The Accuracy Shipping IPO pricing range is established at 81 to 84 cents per share. An application requires a minimum lot size of 1600 Shares.
Retail investors must make a minimum investment of ₹134,400. It also has a network of various corporate partners who provide it with trucks, warehouses, and other commercial assets and services. Currently, the organisation provides its services through business partners in over 35 countries. There are 169 people working for the company.
Accuracy Shipping IPO Details
| IPO Date | June 11, 2018 to June 14, 2018 |
| Listing Date | June 22, 2018 |
| Face Value | ₹10 per share |
| Price Band | ₹81 to ₹84 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 4,257,600 shares (aggregating up to ₹35.76 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 217,600 shares |
Accuracy Shipping Company Financials
| 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 | |
Accuracy Shipping IPO Timeline
| IPO Open Date | Friday, December 29, 2023 |
| IPO Close Date | Wednesday, January 3, 2024 |
| Basis of Allotment | Thursday, January 4, 2024 |
| Initiation of Refunds | Friday, January 5, 2024 |
| Credit of Shares to Demat | Friday, January 5, 2024 |
| Listing Date | Monday, January 8, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 3, 2024 |
Company Profile
“Accuracy Shipping Limited” is a third-party logistics solutions business situated in Gujarat that was founded in 2008. To its clients, the company provides customised and end-to-end logistics solutions and services such as transportation and distribution, freight forwarding, clearing and forwarding, custom house clearance, warehousing, and value-added services. It also handles project cargo, which is a specialised operation that necessitates meticulous planning and technical knowledge. The entire project management service involves the design and
It provides end-to-end freight services for export and import cargo across several modes of transport, including sea, road, rail, and air, as a multimodal transport operator. Accuracy Shipping has a PAN India network that includes a registered office in Gandhidham, 5 branch offices, and over 1,300 clients as of January 31, 2018. In addition to rented fleets, it maintains a fleet of more than 150 vehicles to handle inland transportation needs.
Registrar Info
| Name | Link Intime India Private Ltd |
| Phone number | +91-22-4918 6270 |
| Email ID | accuracy.ipo@linkintime.co.in |
| Website | linkintime.co.in |
Contact Details
| Name | Accuracy Shipping Limited |
| Phone number | 02836-258251 |
| Email ID | investors@asplindia.org |
| Website | aslindia.net |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
