Arvee Laboratories IPO

Arvee Laboratories IPOBusiness description - Arvee Laboratories started its work by trading in specialty chemicals by getting manufacturing done on job work basis from Skylead Chemicals Limited and Skylink Chemicals Private Limited. On April 20, 2013, the  company bought land, building and machineries from Skylink Chemicals Private Limited which was engaged in manufacturing of specialty chemicals. Since 2013, Arvee Laboratories has been making additions to its plant & machinery, expanding capacities and modernizing its building.

Promoters of Arvee Laboratories – Mr Shalin Sudhakarbhai Patel and Mr Shalin Bharat Chokshi
Arvee Laboratories IPO details
Subscription Dates 9 - 14 February 2018
IPO Price band INR61 per share
Fresh issue 1,460,000 shares (INR8.91 crore)
Offer for sale Nil
Total IPO size 1,460,000 shares (INR8.91 crore)
Minimum bid (lot size) 2,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On NSE Emerge SME platform
Use of funds
  • Re-payment of unsecured loans of promoters - INR8.41 crore
  • Issue expenses - INR0.5 crore
Arvee Laboratories' financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 H1 FY2018
Total revenue 355.9 1,183.6 1,305.2 2,692.4 3,493.7 1,980.0
Total expenses 350.6 1,181.3 1,405.8 2,638.8 3,407.7 1,941.0
Profit after tax 4.3 1.9 -164.7 18.7 155.2 31.6
Arvee Laboratories' Contact Details

Arvee Laboratories (India) Limited
4th Floor, Anison Buliding, Stadium Five Roads
Swastik Society, Opp. Shreyas Hospital
Navrangapura, Ahmedabad- 380009

Phone: +91 79 2674 9036
Email: [email protected]
Website: www.arveelabs.com

Arvee Laboratories IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.66
Day 2 1.68
Day 3 2.75
Arvee Laboratories Valuation (Latest FY)

Earnings Per Share (EPS): INR3.83

Price/Earnings (P/E) ratio: 15.93

Return on Net Worth (RONW): 37%

Net Asset Value (NAV): INR10.36 per share

Registrar of Arvee Laboratories IPO

Bigshare Services Private Limited 
E2, Ansa Industrial Estate, Sakivihar Road,
Sakinaka, Andheri (E)
Mumbai – 400 072

Phone: +91 22 4043 0200 
Fax: 
+91 22 2847 5201
Email:
 [email protected]
Website: www.bigshareonline.com

Arvee Laboratories IPO Allotment Status

Arvee Laboratories IPO allotment status is now available on Bigshare Services' website. Click on this link to get allotment status.

Listing performance of Arvee Laboratories

IPO Opening Date: 9 February 2018

IPO Closing Date: 14 February 2018

Listing Date: 22 February 2018

Listing Price on NSE SME: INR60.95 per share (down 0.08% from IPO price)

Closing Price on NSE SME: INR63 per share (up 3.28% from IPO price)

Arvee Laboratories IPO
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One thought on “Arvee Laboratories IPO

  • February 8, 2018 at 11:44 AM
    Permalink

    Same like Medico; no hopes from this pharma IPO too …………..

    Reply

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