IPO

Aarvi Encon Ltd IPO

NSE SME

Offer Date: Sep 21, 2017 - Sep 26, 2017

₹ 216000 /4000 Shares
*Min Investment

21 Sep, 2017

Open Date

26 Sep, 2017

Close Date

03 Oct, 2017

Allotment Date

05 Oct, 2017

Listing Date
IPO Issue Details
  • Issue Price Rs 54 Per Equity Share 
  • Face Value Rs 10 Per Equity Share 
  • Issue Price 39,34,000 Equity Shares of Rs 10 aggregating up to Rs 21.24 Cr
  • Listing at NSE SME
  • Lead Manager Sarthi Capital Advisors Private Limited
  • Registrar Bigshare Services Pvt. Ltd
IPO Details
  • Retail Portion N/A
IPO Details


Aarvi Encon Ltd IPO is an SME IPO, priced at Rs 54 Per Equity Share . The equity shares have a face value of Rs 10 Per Equity Share  each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 21, 2017 to Sep 26, 2017. The allotment is expected to be finalized on Oct 3, 2017, and the tentative listing date is Oct 5, 2017.


The registrar of the IPO is Bigshare Services Pvt. Ltd, and

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IPO Subscription Analysis And Details
Retail
0.61x
QIB
NaNx
NII
2.41x
Total
1.51x
As on QIB NII Retail Total
Shares Offered / Reserved - 18,68,000 18,68,000 37,36,000
Day 1 21-09-17
- x 0.0021 x 0.0075 x 0.0048 x
Day 2 22-09-17
- x 0.31 x 0.04 x 0.17 x
Day 3 25-09-17
- x 0.44 x 0.15 x 0.29 x
Day 4 26-09-17
- x 2.41 x 0.61 x 1.51 x
Valuations
Earnings Per Share (EPS) Rs 3.61
P/E Ratio 15
RoNW 15.23%
Net Asset Value (NAV) Rs 32.30
IPO - Issue Objectives
1

To meet the working capital requirements of the Company

2

Acquisitions and Other Strategic Initiatives

3

Issue Expenses

4

General Corporate purpose