RATE THIS IPO:
Arvee Laboratories (India) Limited is into Chemical Industry which produces the best quality chemical products. The company is located in Gujarat, have occupied themselves in trading in specialty chemicals.
Polymer Modifiers, Contrast Media Intermediates and Drug Intermediates are the products manufactured at Arvee Labs. The company have served to both domestic and International market demands.The Company also have a plans of extending its wings in near future.
Currently, the company is discussing with IDBI Bank to come into the terms about tie-up to take over the business of Skylead Chemicals Limited which as been announced as a weak from Board for Industrial and Financial Reconstruction.
Objects of the Issue:
1. Re-payment of Unsecured Loans of Promoters;
2. Issue Expenses.
Mr. Shalin Sudhakarbhai Patel and Mr. Shalin Bharat Chokshi are the promoters of the company.
Arvee Labs – IPO HIGHLIGHTS:
|SERVICES AVAILABLE||Providers of Polymer Modifiers, Contrast Media Intermediates and Drug Intermediates chemicals|
|TOTAL ASSETS in Million||356.75|
|NET PROFIT AS ON 2017||15.52|
|IPO OFFER PRICE||Rs 61 Per Equity Share|
|FRESH ISSUE||1,460,000 Equity Shares of Rs 10 aggregating up to Rs 8.91 Cr|
|OFFER FOR SALE||Nil|
|TOTAL IPO SIZE||1,460,000 Equity Shares of Rs 10 aggregating up to Rs 8.91 Cr|
|LOT SIZE||2000 Shares|
|FACE VALUE||Rs 10 Per Equity Share|
|LISTING ON||NSE SME|
|LISTING DATE||9th Feb 2018 to 14th Feb 2018|
|CREDIT OF EQUITY SHARES||XXX|
|STOCK EXCHANGE TRADING AVAILABILITY||XXX|
|REG COMPANY ADDRESS:||Arvee Laboratories (India) Limited
49/3-B, Shyamal Row Houses,