Accuracy Shipping IPO

Accuracy Shipping IPOBusiness description - Accuracy Shipping is a third party logistics solutions provider. It 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 operates through a pan-India network consisting of a registered office at Gandhidham, 5 branch offices and over 1,300 clients as at 31 January 2018. In addition to using hired fleets, it also has a fleet of more than 150 vehicles to meet its inland transportation requirements.

Promoters of Accuracy Shipping – Vinay Tripathi and Rama Tripathi
Accuracy Shipping IPO details
Subscription Dates 11 - 14 June 2018
IPO Price band INR81 - 84 per share
Fresh issue 4,936,000 shares (INR39.98 - 41.46 crore)
Offer for sale Nil
Total IPO size 4,936,000 shares (INR39.98 - 41.46 crore)
Minimum bid (lot size) 1,600 shares
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE Emerge SME platform
Use of funds
  • Part payment/prepayment of certain secured borrowings - INR7.50 crore
  • Purchase of goods transportation vehicle - INR5.17 crore
  • Working capital requirements - INR15 crore
  • General corporate purposes
  • Issue expenses
Accuracy Shipping's financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 9M FY2018
Total revenue 30.65 97.39 161.66 170.79 201.29 266.53
Total expenses 30.21 96.52 161.10 168.59 198.56 256.51
Profit after tax 0.27 0.62 0.32 1.07 1.96 6.82
Accuracy Shipping's Contact Details

Accuracy Shipping Limited
Survey No 42, Plot No 11,
Meghpur Borichi, Anjar
Kachchh 370 110

Phone: +91 02836 258251
Email: [email protected]

Accuracy Shipping IPO Subscription Details

Day Subscription (no. of times)
Day 1 0.08
Day 2 0.10
Day 3 0.29
Day 4 1.00
Accuracy Shipping Valuation (Latest FY)

Earnings Per Share (EPS): INR5.44

Price/Earnings (P/E) ratio: 14.88 - 15.4

Return on Net Worth (RONW): 14.68%

Net Asset Value (NAV): INR14.83 per share

Registrar of Accuracy Shipping IPO

Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai - 400 083

Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]

Accuracy Shipping IPO Allotment Status

Accuracy Shipping IPO allotment status is now available on Link Intime's website. Click on this link to get allotment status.

Listing performance of Accuracy Shipping

IPO Opening Date: 11 June 2018

IPO Closing Date: 14 June 2018

Listing Date: 22 June 2018

Listing Price on NSE SME: INR88 per share (up 4.76% from IPO price)

Closing Price on NSE SME: INR85.95 per share (up 2.32% from IPO price)

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