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Arihant Institute Limited IPO (Arihant Institute IPO) Detail

May 23, 2018 - May 28, 2018

Incorporated in the year 2007, Gujarat based Arihant Institute Limited is a company engaged in providing coaching & educational guidance for students appearing for professional courses - Chartered Accountant, Company Secretary, and CMA. It provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result.

The Company operates the educational program and coaching under the Brand Name ―Arihant Institute since inception. With dedicated professors and trained staff, it has given education to more than 10000 students appeared for professional & Graduates exam. The company's student strength has improved and with dedicated efforts of the promoters, from the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.

Arihant premises spread over 9,500 sq. feet which include 8 air-conditioned classrooms, well-equipped library, canteen, staff room, 2 studios, backup lab, conference room and large administrative blocks. The company has 23 employees on its payroll.

Company Promoters:

The Promoter of the Company are Mr. Sandip Vinodray Kamdar, Mr. Vinodray Keshavlal Kamdar, Mrs. Maduben Vinodray Kamdar, and Mrs. Anjali Sandipbhai Kamdar.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 586.93 575.03 729.55 666.60 597.24
Total Revenue 169.20 864.20 385.50 609.96 864.20
Profit After Tax 112.74 (14.45) 3.79 (146.26) 16.48

Objects of the Issue:

The Objects of the Issue are-

1.Training Centre Expansion
2.Technical Infrastructure -Servers & Studio, Portal and Content
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense

Issue Detail:

  »»  Issue Open: May 23, 2018 - May 28, 2018
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 2,500,000 Equity Shares of Rs 10 aggregating up to Rs 7.50 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 30 Per Equity Share
  »»  Market Lot: 4000 Shares
  »»  Minimum Order Quantity: 4000 Shares
  »»  Listing At: BSE SME

Arihant Institute IPO Reviews / Recommendations:

Dilip Davda - Avoid


Arihant Institute IPO Subscription Status / Live Bidding Status

Arihant Institute IPO Subscription Status tells if Arihant Institute IPO subscribed or not. Investors can bid for IPO shares between 10 AM to 5 PM when public issue is open. Arihant Institute IPO oversubscribed if bids are received for more shares than what is offered by the company.

Arihant Institute IPO - How Many Times Subscribed?
Number of Bids Received
As on Date & TimeQIBNIIRIIOthersTotal
Shares Offered / Reserved01,184,0001,184,000132,0002,500,000
Day 1 - May 23, 2018 17:00 IST00524,000-524,000
Day 2 - May 24, 2018 17:00 IST0180,000600,000-780,000
Day 3 - May 25, 2018 17:00 IST0472,000932,000-1,404,000
Day 4 - May 28, 2018 17:00 IST0816,0004,388,000-5,204,000

Arihant Institute IPO Prospectus

Arihant Institute IPO Rating

Rating:Rated 2.8 stars

Vote Here ...

Arihant Institute IPO News Alerts

  1. Tuesday, June 5, 2018 12:00:00 AM
    Arihant Institute IPO Allotment Status
  2. Monday, May 28, 2018 12:00:00 AM
    Arihant Institute IPO Closes on May 28, 2018
  3. Wednesday, May 23, 2018 12:00:00 AM
    Arihant Institute IPO Opens on May 23, 2018

Company Contact Information

Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad - 380 013
Phone: 079- 27683113

Arihant Institute IPO Registrar

Karvy Computershare Private Limited   »  Report
   Karvy House, 46, Avenue 4, Street No. 1,
   Banjara Hills, Hyderabad - 500 034
   Andhra Pradesh, India

Phone: +91-40-23312454
Fax: +91-40-23311968

Arihant Institute IPO Lead Manager(s)

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Arihant Institute IPO Review / Comments

13. Johny  Jun 7, 2018 6:54:14 PM IST I Like It. | Report Abuse Reply
12. ATUL C. SHAH  Jun 5, 2018 4:02:18 PM IST I Like It. | Report Abuse Reply
Listing date ?
11. DownriteVJ  May 29, 2018 3:27:37 PM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Retail      3.51X
Overall      2.08X
10. Avid IPO Investor  May 22, 2018 8:26:30 PM IST I Like It. 1 | Report Abuse Reply
I track all the IPO especially ahmedabad based as I am an avid IPO investor. I had the opportunity to hear promoter today at the investor meet and here is a frank feedback:
- Jam packed meet with more than 120 participants, first time observed by me
- Promoter's integrity was corroborated by few potential investors which was really comforting
- promoters business acumen is amazing given more than two decades of experience
- new target areas of skill development, competitive exams and centre expansion are very clearly planned out
- independent inquiry on ground reveals that in last three months JK Shah is loosing market tremendously for lack of service standards

I believe the IPO seems over priced but is more than justified considering the future business plans and promoters integrity.

10.2. ShareMarket  May 26, 2018 12:44:58 AM IST I Like It. | Report Abuse
avid IPO investor or "avoid" IPO investor?
10.3. Prabahar P M  May 28, 2018 2:25:51 PM IST I Like It. | Report Abuse
9. Snow Den  May 26, 2018 4:33:54 PM IST I Like It. | Report Abuse Reply
Dont ever trust any co. where lead manager is Monarch Capital Networth. U can check this by MILESTONE FURNITURE IPO which is 10 days ago. Back to back 4 lower circuit in milestone ipo though before listing it premium was sub to 5500.
8. anujsme  May 23, 2018 1:23:04 AM IST I Like It. | Report Abuse Reply
abhi abhi ek hemant shah bhi ahmedabad ki UHZaveri list hui hai 28 % down

avoid primary market sme issues

aaj ki listing UH zaveri down 28 pc in a single day.

look at the investor wealth destroyed
7. Abhishek Shahi  May 22, 2018 1:49:39 PM IST I Like It. 2 | Report Abuse Reply
Should we go??
7.1. Avid IPO Investor  May 22, 2018 8:30:36 PM IST I Like It. 1 | Report Abuse
You should go ahead only on the points of:
- impeccable promoter integrity
- very nicely planned expansion and service offering diversification
- valuation is still cheaper than Reuters average PE of 55x for industry and 41x for sector.
6. DownriteVJ  May 22, 2018 10:37:42 AM IST I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
5. CAMANISH  May 21, 2018 5:27:00 PM IST I Like It. | Report Abuse Reply
I am Chartered Accountant
But I here not About Those coaching Classes

And Fund Not required for Coaching classes

from My Side AVOID
I think not apply

I study in navkar institute competitor of Arihant .

Navkar and j.k Shah is better than Arihant

But promoter is Jain so not listed in discount .

Compilation high and Arihant not survive so be careful to apply
3. Rkg  May 20, 2018 2:17:11 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Is it an IPO or request for seed money?
2. Rkg  May 20, 2018 2:12:26 PM IST I Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts)
Some investors will definitely apply.
1. vgoel  May 20, 2018 10:10:15 AM IST I Like It. | Report Abuse Reply
Unstable bottomline. Does not seem to be good.
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