Arvee Laboratories (India) Limited Profile:
Arvee Laboratories started with the aim to become a leader and head in the chemical industry. They provide the best and innovative quality chemical products. Their philosophy revolves around the dream envisioned by founders of establishing an eco-friendly organization dedicated to providing good quality innovative products at a very competitive price.
Arvee chemical manufacturing company offers best products at a reasonable price with keeping quality and precision as the standard for any operation. Quality, Service, and Advancement are the mainstay of the company which has brought this far in the chemical industry. Arvee is dedicated to the cause of perfection and precision with the use of the most advanced technology. As it fetches astounding results for us, it also helps the company to keep pace with changing industry trends. Arvee with its zeal and enthusiasm to herald a new trend puts the highest thrust on research.
Arvee has recognized its credibility as an approved vendor in the international market after successfully passing the Quality Audits conducted by various companies of international repute. Arvee Laboratories is also in the process of adopting GMP (Good Manufacturing Practices) and other ISO systems related to Environment, Health, and Safety.
Arvee Laboratories (India) Limited Promoters:
The Promoters of the company are Mr. Shalin Sudhakarbhai Patel and Mr. Shalin Bharat Chokshi.
Arvee Laboratories (India) Limited IPO details:
Symbol: ARVEE
Issue Size: Public issue of 14,60,000 Equity Shares (including Market Maker reservation portion of 76,000 equity shares)
Face Value: Rs 10
Price Range: Rs 61
Issue Type: Fixed Price
Bid Lot: 2000 Equity Shares and in multiples thereof
Minimum Order Quantity: 2000 Equity Shares
Issue Period: 09-February-2018 to 14-February-2018
Maximum Subscription Amount for Retail Investor: Rs. 2,00,000
Name of the Registrar: Bigshare Services Private Limited
IPO Market Timings: 10.00 a.m. to 5.00 p.m.
Listing at: NSE SME
Arvee Laboratories (India) Limited Financials:
| 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 (India) Limited IPO Subscription Details:
| Total Issue Size | 1460000 |
| Total Bids Received | 3922000 |
| Total Bids Received at Cut-off Price | – |
| No. of times issue is subscribed | 2.69 |
* Last updated 14/02/2018 15:50:00 IST
Bid Details for ARVEE as on 14-Feb-2018 17:00:01 IST
| Sr. No | Category | No of shares bid for |
| 1 | Qualified Institutional Buyers(QIBs) | 0 |
| 2 | Non Institutional Investors | 15,08,000 |
| 3 | Retail Individual Investors(RIIs) | 25,02,000 |
| 4 | Employees | – |
| Total | 40,10,000 |
Arvee Laboratories (India) Limited Allotment Status:
Arvee Laboratories (India) Limited IPO Allotment Date: N/A
Arvee Laboratories (India) Limited IPO Listing Date: N/A
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