Agarwal Packers and Movers IPO is set to launch during 27-30 November.
Agarwal Packers and Movers is the brand name of the company named DRS Dilip Roadlines Limited. Agarwal Packers and Movers IPO will be issued in the last week of November.
Company Details
This company was incorporated in 2009 in Andhra Pradesh. This company has the primary business of providing high-quality logistics services including transportation, packing & moving and warehousing. Their packing and moving business are carried under the brand name of ‘Agarwal Packers and Movers’ which has become a renowned name in household relocation across the country.
They are surface transporters and provide only goods transportation services. They provide Full truck loaded ‘FTL’ services to all their customers for transporting goods. As on July 15, 2018, they operate and own a fleet of 301 trucks in the name of their Company, have 199 vehicles from their group and have the capacity to hire 450 vehicles. They operate through different types of closed container trucks on the basis of size and capacities.
For packing and moving services, the company owns composite container vehicle specially designed to suit the household shifting called ‘CHAPP VAN’ (Car, Households, Artifacts, Plants, and Pets). This new-concept composite container vehicle supports transport of Car, Household, Artifacts, Plants, and Pets all in one i.e. there is space demarcated for each and every item and ensures better safety and ease of handling varied items.
This company also owns warehouses in South India. They have currently rented their warehouses to ITC, KSV Engineering Industries and Paragon Polymers Products Private Limited. The company has the tie-up with major corporates like MRF Limited, CEAT Limited, Micro Labs Limited, Mahindra & Mahindra Limited, Cactus Profiles Private Limited, Amitasha Enterprises Private Limited and PPG Asian Paints Private Limited for transporting services.
As on 31-March-2018, the total assets of the company was recorded at Rs 8,229.32 Lakhs and the total revenue was 14,261.71 Lakhs.
Promoters: This company has promoters Dayanand Agarwal, Anjani Kumar Agarwal, and Sanjay Agarwal.
Address: 06, 3rd Floor, Kabra Complex, 61, M G Road, Secunderabad, Telangana-500003
Telephone: +91- 40- 39818800 / 811 / 822, Email ID: info@drsindia.in,
Website: www.drsindia.in
Objects of the Agarwal Packers and Movers IPO Issue
Following are the objects of the Agarwal Packers and Movers IPO issue:-
- Repayment of Unsecured Loans,
- Setting up Additional Warehouse in the state of Telangana,
- Acquiring Additional Branches for Expansion of business
- Part repayment of their Cash Credit facilities
- Part repayment of our term loans, and
- General Corporate Purposes.
Agarwal Packers and Movers IPO Issue Details
| Issue Type | Fixed-Price Issue IPO |
| Issue Open | 27-Nov-2018 |
| Issue Closes | 30-Nov-2018 |
| Face Value | Rs 10/- Per Equity Share |
| Issue Price | Rs 75/- Per Equity Share |
| Issue Size | 4,200,000 Equity Shares (Rs 31.50 Crores) |
| Minimum Order | 1600 Shares |
| Listing | NSE SME |
Agarwal Packers and Movers IPO Lead Manager
Aryaman Financial Services Limited
60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Telephone: +91 – 22 – 6216 6999
Email: ipo@afsl.co.in, Website: www.afsl.co.in
Agarwal Packers and Movers IPO Registrar
Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol, Andheri, East, Mumbai – 400059
Telephone: +91 – 22 – 6263 8200, Email ID: ipo@bigshareonline.com,
Website: www.bigshareonline.com
Please go through this prospectus for more detailed information.
(Read: IPO process in India Steps)
Tags: #IPO #Stock Market #Agarwal Packers and Movers IPO #investments
