Arrowhead Seperation Engineering Limited IPO Message Board (Page 1)

📌📌 ➡️ ➡️
▪️Incorporated in 1991, Arrowhead Seperation Engineering Limited✅ is engaged in the design and manufacturing of various chemical process equipments with specialization in continuous drying and cooling system equipment.

▪️PRODUCTS:- Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryers, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, etc.
(➡️Work of these dryers is to eliminate or remove moisture, water, and other solvents from the material under processing. )

▪️The company has a vision to develop Equipments and provide solution which matches with the Global standard✅.

▪️ASEL is in dryer manufacturing business for more than two decades💫 now and its team with its experience has been instrumental in driving growth and business strategies of the Company. It has been continuously focusing on upgrading itself with better designs and team to be able to cater the needs of client and provide them with quality equipment.

▪️As of June 2023, the company employs 54 people and also employs industry professionals for project-specific work on a professional basis from time to time.

📍Major Market: Dubai, USA, Singapore, Nepal.🔥

▪️Export: 40-60%.✅

▪️factory workshop area is 24000 sq. ft. (located in nashik).

📌📌
▪️IPO price: Rs.233
▪️IPO size: 13CR
▪️CMP:Rs.219 (below IPO price✅)
▪️Market cap: 41 CR
▪️P/E: 16✅ (Industry Avg : 30.90 )
▪️EPS:Rs.14.6
▪️52 Wk High: 255
▪️52 Wk Low: 208.5
▪️ROE: 105%
▪️ROCE: 30.94%
▪️RoNW: 68.75%
▪️Assets: 21.8Cr
▪️Total Borrowing:8.9Cr (Reserves and Surplus:1.8Cr)
▪️Share Holding Pre Issue: 50%
▪️Share Holding Post Issue: 35.09%

📌FINANCIALS:
▪️FY24Q1 Rev: 8.81 Cr 🔥
▪️FY24Q1 PAT: 0.65 Cr 🔥
( Good growth in Q1, waiting for H1 results now)

▪️FY23 revenue is 21.71CR as compared to 10.91 CR(FY22), 99%✅ growth yoy.
▪️FY23 PAT is 1.69 CR as compared to 0.09 CR(FY22), 1778%✅ growth yoy.

▪️137% growth in revenue in last 2 years.
▪️16900%🔥 growth in PAT in last 2 years.(-ve PAT in FY21,so considered PAT as ~0 for calculation )

(➡️ PAT margins of -(19.64) % (FY21), 0.84 % (FY22), 7.87% (FY23), and 7.38% (Q1-FY24)✅)

📌IPO funds:
It will utilize Rs. 2.00 cr. for repayment of loan from NBFC💫, Rs. 6.50 cr. for working capital, and Rs. 3.20 cr. for general corporate purposes.

📌PEERS:
As per the offer document the company has shown Kilburn Engg, and Praj Ind., as their listed peers. They are trading at a P/E of 27.28, and 39.12 (as of November 10, 2023). However, they are not comparable on an apple-to-apple basis.

📌SECTOR GROWTH:
▪️ The global industrial dryer market was estimated to be valued at more than US$ 2,500 million by 2016 end and is expected to touch nearly US$ 3,415 million by the end of 2024, expanding at a CAGR of 3.5% over the forecast period✅.

▪️ The global industrial dryer market is projected to represent incremental opportunity of more than US$ 830 million between 2016 and 2024✅.

▪️The average replacement rate of industrial dryers per year is expected to be around 7% to 9%✅.

▪️The Global Zero Liquid Discharge (ZLD) Systems Market size is estimated at USD 6,805.08 million in 2023, and is expected to reach USD 10,096.49 million by 2028, growing at a CAGR of 8.21% during the forecast period (2023-2028)✅.

▪️Drying is an integral part of the process industry. Drying is used in the manufacturing of products.

📌STRENGTH:
➢Qualified and Experienced Executive Directors.
➢Wide range of products.💫
➢Customized product for each client.
➢Location of Manufacturing Unit.(Raw material and labour easily available and also connected to Mumbai highway).

📌FUTURE PLAN:
▪️Reduction of debt.

▪️Augment their fund based capacities in order to scale up business operation.

▪️Continue to strengthen relationships with key service providers and take benefit of scalability by outsourcing model.

▪️Focus on international market with competitive pricing.

📌Disclosure: Not a buy/sell recommendation. only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly 🙏. I'm holding only 1 lot for tracking purpose

So what’s your target price for this stock? Seems like it had a huge jump on Friday.

GMP was rs. 75/- during the ipo period, but the company listed near the ipo price and hitting power circuits. Another classic example of promoters and LMs pumping and dumping. Investor friends, kindly be careful while selecting ipos.

Bought in pre open ..

Listed at 250. Not bad. 7.30% up.

Those who could not exit will be stuck for long....

I believe its a good buy right now.

Your first message with a Buy recommendation for a bad stock! We know ho you are 😉

dilip davda seems to be correct

listed @ 250

Sabko Gurupurab ki lakh lakh Badhaiyaan & Best wishes for a good listing tomorrow.

No listing today it seems, no circular and scrip code also not active.

Listing is on Tuesday.

GMP will rise on this
Expect a good listing

Listing on 28th.

Allotment out. Got one lot.

Applied 2 applications of 20 lots each and got one lot.

Around 80 lots in different application..

Listing on 24 Nov.

GMP sustaining at 11% is a good sign for positive listing.

Allotment out
https://ipo.cameoindia.com/

Hi, Any update on the allotment of ArrowHead IPO and pl do confirm refund date and timing.

@camio vp...so you are filing Exchange for allotment approval..when we can expect allotment..today night?

If we get approval from exchange today, we would do allotment and instructions to unblocking will be sent to banks tonight. Latest by tomorrow morning funds will be unblocked.

Good ​@VP Cameo , you kept your word !!

Very gud business model and strong point is that 50% shares are held by US based company..expecting gud returns after listing

​@VP Cameo  Any chances for allotment today?

So, we should expect allotment tomorrow followed by fund unblock tomorrow or day after.

​@VP Cameo  Thank you for the needful..

arabian petroleum sme ipo run 20% today hit upper ciruit
lead manager HEM security

Grey Market moved to 28 from a 25 last evening. Seems things are brewing in this one quietly.

Other zonal members pls confirm on the grey market and Subject 2.

Just a thought there is a lot of pessimism surrounding this one however the record of the LM performance on IPOs subscribed 10 times and above is pretty good. Thoughts welcomed