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Arham Technologies Limited IPO (Arham Technologies IPO) Detail

Dec 5, 2022 - Dec 7, 2022

Incorporated in 2013, Arham Technologies Limited is engaged in manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand 'STARSHINE'. The company also manufacture Fans, Air Coolers and Mixer Grinders through third-party manufacturers.

Arham Technologies Limited serve under Original Equipment Manufacturer ("OEM") business models for LED Televisions. The company manufacture and supplies products as per the requirements of the customers, who then further distribute these products under their brands.

Raw materials like open cells, Electronic Circuits (Mainboard), cabinets and Back Light Units (BLU) are imported from China and Hongkong. Other accessories i.e. Speakers, Stands etc. are procured from domestic suppliers in India.

The company is strategically located in the new Smart City of Raipur, one of India's very first smart cities. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states.

Competitive Strengths:

  • Strong team with experience and expertise.
  • Organizational stability.
  • Smooth flow of operations & Strong customer relationship.
  • Well-defined organizational structure.
  • Infrastructure and Integrated Manufacturing Facility.
  • Constant focus on developing a new and innovative product.
  • Geographical Advantage.
  • Eligible for incentives from State Government for investing under IT & ES policy of Chhattisgarh.

Company Financials

Arham Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20977.711379.2856.51164.751.67730.68
31-Mar-211542.222280.11203.76411.44205.44813.38
31-Mar-222314.273727.37302.01713.44507.441032.89
30-Sep-222657.52140.06128.37841.81223.811212.91
Amount in β‚Ή Lakhs

Objects of the Issue

The Objects of the Issue are:

A. To meet the working capital requirements

B. To meet the Issue Expenses

C. General Corporate Purposes

Arham Technologies IPO Details

IPO Date Dec 5, 2022 to Dec 7, 2022
Listing Date Thursday, December 15, 2022
Face Value ₹10 per share
Price ₹42 per share
Lot Size 3000 Shares
Issue Size2,280,000 shares of ₹10
(aggregating up to ₹9.58 Cr)
Fresh Issue2,280,000 shares of ₹10
(aggregating up to ₹9.58 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerNIKUNJ STOCK BROKERS LIMITED
Company Promoters

Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain are the company promoters.

Arham Technologies IPO Tentative Timetable

Arham Technologies IPO opens on Dec 5, 2022, and closes on Dec 7, 2022. The Arham Technologies IPO bid date is from Dec 5, 2022 10.00 A.M. to Dec 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Dec 5, 2022
Closing Date Dec 7, 2022
Basis of Allotment Dec 12, 2022
Initiation of Refunds Dec 13, 2022
Credit of Shares to Demat Dec 14, 2022
Listing Date Dec 15, 2022

Arham Technologies IPO Lot Size

The Arham Technologies IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹126,000
Retail (Max) 1 3000 ₹126,000
HNI (Min) 2 6,000 ₹252,000

Arham Technologies IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 73.05%

Arham Technologies IPO Review

ATL is operating in a fragmented and highly competitive segment. The issue appears fully priced based on its financial performance so far. The sustainability of margins going forward is a major concern. Well-informed, risk seeker cash surplus investors may consider investing in this fully priced issue. Read detail review...


Arham Technologies IPO Subscription Status (Bidding Detail)

The Arham Technologies IPO is subscribed 450.03 times on Dec 7, 2022 7:00:00 PM. The public issue subscribed 481.79 times in the retail category, times in the QIB category, and 418.27 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII418.27
Retail481.79
Total450.03

Arham Technologies IPO Prospectus

Arham Technologies IPO Rating

392
4.1
Rating:Rated 4.1 stars
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Arham Technologies IPO Listing Date

Listing Date Thursday, December 15, 2022
BSE Script Code
NSE Symbol ARHAM
Listing In
ISIN INE0L2Y01011
IPO Price ₹42 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹42.00
₹60.00
₹58.25
₹63.00
₹63.00

Company Contact Information

Arham Technologies Limited
Plot No. 15 Electronic Manufacturing Cluster,
Sector 22, Village Tuta,
Atal Nagarnava, Raipur - 492015,
Phone: +91 70697 66778
Email: cs@arhamtechnologies.co.in
Website: http://www.arhamtechnologies.co.in/

Arham Technologies IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Arham Technologies IPO Review

Arham Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 5 1 0

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Arham Technologies IPO FAQs

Arham Technologies IPO is a SME IPO of 2,280,000 equity shares of the face value of ₹10 aggregating up to ₹9.58 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000 Shares.

The IPO opens on Dec 5, 2022, and closes on Dec 7, 2022.

Cameo Corporate Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Arham Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Arham Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Arham Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Arham Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Arham Technologies IPO opens on Dec 5, 2022 and closes on Dec 7, 2022.

Arham Technologies IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Arham Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Arham Technologies IPO will be done on Dec 12, 2022, and the allotted shares will be credited to your demat account by Dec 14, 2022. Check the Arham Technologies IPO allotment status.

The Arham Technologies IPO listing date is on Thursday, December 15, 2022.
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Arham Technologies IPO Message Board

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623 Comments

266. Sunny chand |   Link |Jan 2, 2023 10:57:18 AM
I have a 1 Arham Allotment , Please suggest sell or hold
266.1. Pawan Leo |   Link |Jan 3, 2023 3:50:58 PM
New Member New Member
You should definitely hold as this company is in very good segment and has bright prospects ahead.
265. Denim |   Link |Dec 19, 2022 9:45:43 AM
Does any broker T+1 day settlement of sme? as shares bought on listing day cant be sold on zerodha today but there is more than 5 lakh volume.
265.4. Takamichi |   Link |Dec 20, 2022 11:58:00 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
@denim yup some broker allow on t+2 days too.... May be there internal mechanism but zerodha r very strict on these rules.....
At times there is settlement holiday in between which zerodha follow but some brokers even count that into t+2 days.....
These things r particularly seen in full time brokers
265.5. Denim |   Link |Dec 20, 2022 1:36:28 PM
@Takamichi Got it πŸ™‚
264. Arca |   Link |Dec 16, 2022 2:02:14 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Congrats sir
i didnt know it listed yesterday.it listed at just 40% premium i wish I had bought 1or 2 lotsπŸ₯².
264.1. MRavichandran |   Link |Dec 16, 2022 4:13:45 PM
IPO Guru IPO Guru (1800+ Posts, 2300+ Likes)
Thanks Arca. I was not allotted in spite of applying 226 lots. Hence gone for revenge buying as old fashion method. :P

There are so many coming up. All the best for you for good sme allotments and great listing.

Thanks
263. IPOKnight |   Link |Dec 15, 2022 11:39:39 PM
1470000 share traded out of issue of 2280000 approximately 65% of issue
262. MRavichandran |   Link |Dec 15, 2022 9:35:43 PM
IPO Guru IPO Guru (1800+ Posts, 2300+ Likes)
Bought 20 lots of Arham Tech at preopen
(Due to busy with office works, could not post earlier πŸ™)

All the best for those holding and bought today for good returns

Thanks
262.9. MRavichandran |   Link |Dec 17, 2022 10:39:54 AM
IPO Guru IPO Guru (1800+ Posts, 2300+ Likes)
@Chapu,
virtuoso - has potential to go up, good to hold.
ritezone - with operators, not sure how its going to perform in the coming days.

Holding both (one lot each from allotment), though Ritezone pre-open buys of 10 lots sold at par.

Thanks
262.10. Chapu |   Link |Dec 21, 2022 1:09:25 AM
@Mravi Sir. Thanks for your insights.
261. Rohan Bajaj |   Link |Dec 15, 2022 1:38:13 PM
Have 2 lots... Should I sell them today or wait ?
261.1. Rohan Bajaj |   Link |Dec 15, 2022 1:45:42 PM
Sold 1 @63
260. hope at SME |   Link |Dec 15, 2022 1:19:23 PM
Hello

What's the code for Arham in Zerodha.
259. lokes |   Link |Dec 15, 2022 9:48:17 AM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
Anyone thinking to buy at 57 after listing? Means at LC price if coming?
259.10. Rajggggg |   Link |Dec 17, 2022 7:01:12 AM
Takamichi I had informed you earlier only that rhetan would be second jayant infra enjoy if you are holding πŸ’°
259.11. lokes |   Link |Dec 22, 2022 12:40:11 PM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
thank god i sold both my pritika and ambo agri on right time as posted here above, now there is great fall in both of them from 2-3 days...
258. A I |   Link |Dec 15, 2022 8:31:35 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Looks like listing between 65-75 as per gmp swings. Still more than 50% returns.
258.1. A I |   Link |Dec 15, 2022 11:00:08 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Still 50% perfect though not list between the said range of 65-75.
257. Elon Rusk |   Link |Dec 15, 2022 10:26:02 AM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Even though listed much less than expected GMP, 50k profit on 1 lot is very good amount
256. Hope is life |   Link |Dec 15, 2022 9:29:58 AM
people's praying for allotment nd they were so much happy when they got allotment

but on the day of listing i see so many orders at lower price

is it effect listing?

i see similar thing in unipart too
256.1. Takamichi |   Link |Dec 15, 2022 9:50:58 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
There would always be buyer at UC and sellers at LC...... Even worst of worst ipo there would be buyers at UC.... So thats how equilibrium pricing works.....
Nobody wants to exit at loss but many want to leave at any price they get and that's why they put sell order at LC to ensure their order would be executed in all the cases
256.2. Hope is life |   Link |Dec 15, 2022 10:09:00 AM
ok thanks sir for sharing knowledge nd ur views
255. ARJUN'S EYE |   Link |Dec 13, 2022 8:34:23 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Share credited in demat account...
255.4. ARJUN'S EYE |   Link |Dec 14, 2022 9:56:27 PM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@IPO share
Applied approx 100 lots in 13 aplication and get one lot....
@sharkssss
Never holds SME share...
255.5. ipo share |   Link |Dec 15, 2022 10:03:11 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
@ARJUN'S EYE.
Amazing. Congratulations. Enjoy the profit πŸ‘πŸ‘πŸ‘
254. Arjun Rajkot |   Link |Dec 14, 2022 10:42:30 PM
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
GMP @RAJKOT 27

Heard Listing May be 25-30 premium max.

Not suggest to Hold.
Must be Sold and take Profit
254.1. Kiaan |   Link |Dec 15, 2022 9:55:15 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Excellent πŸ‘ prediction/information.
254.2. ipo share |   Link |Dec 15, 2022 10:00:05 AM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
As always, you are spot on in your prediction. GREAT.
I have not been allotted any shares.
Thanks πŸ™
253. BottleNeck |   Link |Dec 15, 2022 9:52:19 AM
GMP crashed. Poor listing at 60, premium of just 18 when compared to exorbitant gmp trends of 35+.
252. Pritesh Jain |   Link |Dec 15, 2022 9:46:54 AM
Listed at 42% Premium
Good those who has been allotted.Enjoy the listing
Good listing
251. hope at SME |   Link |Dec 15, 2022 9:42:56 AM
Hello
Does anybody know what’s the code for Arkham at Zerodha
250. AMIT IND |   Link |Dec 15, 2022 9:38:53 AM
Everybody pls do not place sell order below 42.
249. JaiShriKrishna |   Link |Dec 15, 2022 9:34:37 AM
Sale/purchase by anyone at what price?
248. Pritesh Jain |   Link |Dec 15, 2022 9:22:53 AM
Pre open Link

https://www.nseindia.com/market-data/new-stock-exchange-listings-today
247. arvindarvind |   Link |Dec 14, 2022 7:07:24 PM (300+ Posts)
@ Lokes sir, @ Arjun Rajkot sir,
Please share your view.
247.2. Takamichi |   Link |Dec 15, 2022 2:16:32 AM
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Looking at the post listing effects in recent IPOs, it's better to buy much below gmp to avoid major downside.....
The sector like these don't have much of futuristic value and run totally on current profit.....
Would buy if lists around 60....
Should have followed my intuition and analysis with pritika to buy near 36....
Won't make that mistake here...
247.3. lokes |   Link |Dec 15, 2022 9:19:35 AM
IPO Guru IPO Guru (3700+ Posts, 4200+ Likes)
Yes gmp even went down more yesterday...so listing can now be around 65-70 only as most people are afraid to buy in preopen due to downtrend in recent sme's....