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.
The Promoter of the Company are Mr. Sandip Vinodray Kamdar, Mr. Vinodray Keshavlal Kamdar, Mrs. Maduben Vinodray Kamdar, and Mrs. Anjali Sandipbhai Kamdar.
|Particulars||For the year/period ended (in Rs. Lakhs)|
|Profit After Tax||112.74||(14.45)||3.79||(146.26)||16.48|
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 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 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.
|Number of Bids Received|
|As on Date & Time||QIB||NII||RII||Others||Total|
|Shares Offered / Reserved||0||1,184,000||1,184,000||132,000||2,500,000|
|Day 1 - May 23, 2018 17:00 IST||0||0||524,000||-||524,000|
|Day 2 - May 24, 2018 17:00 IST||0||180,000||600,000||-||780,000|
|Day 3 - May 25, 2018 17:00 IST||0||472,000||932,000||-||1,404,000|
|Day 4 - May 28, 2018 17:00 IST||0||816,000||4,388,000||-||5,204,000|
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