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Arham Technologies IPO is a fixed price issue of Rs 9.58 crores. The issue is entirely a fresh issue of 22.8 lakh shares.
Arham Technologies IPO bidding started from December 5, 2022 and ended on December 7, 2022. The allotment for Arham Technologies IPO was finalized on Monday, December 12, 2022. The shares got listed on NSE SME on December 15, 2022.
Arham Technologies IPO price is ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000.
Finshore Management Services Limited is the book running lead manager of the Arham Technologies IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Arham Technologies IPO is Nikunj Stock Brokers.
Refer to Arham Technologies IPO RHP for detailed information.
| IPO Date | December 5, 2022 to December 7, 2022 |
| Listing Date | December 15, 2022 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 2,280,000 shares (aggregating up to ₹9.58 Cr) |
| Fresh Issue | 2,280,000 shares (aggregating up to ₹9.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 114,000 shares Nikunj Stock Brokers |
Arham Technologies IPO offers 2,280,000 shares. 1,083,000 (47.50%) to NII, 1,083,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 114,000 (5.00%) |
| Other Shares Offered | 1,083,000 (47.50%) |
| Retail Shares Offered | 1,083,000 (47.50%) |
| Total Shares Offered | 2,280,000 (100%) |
Arham Technologies IPO opens on December 5, 2022, and closes on December 7, 2022.
| IPO Open Date | Monday, December 5, 2022 |
| IPO Close Date | Wednesday, December 7, 2022 |
| Basis of Allotment | Monday, December 12, 2022 |
| Initiation of Refunds | Tuesday, December 13, 2022 |
| Credit of Shares to Demat | Wednesday, December 14, 2022 |
| Listing Date | Thursday, December 15, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 7, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
| Lot Size Calculator | |||
Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.05% |
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:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 977.71 | 1379.28 | 56.51 | 164.75 | 1.67 | 730.68 |
| 31-Mar-21 | 1542.22 | 2280.11 | 203.76 | 411.44 | 205.44 | 813.38 |
| 31-Mar-22 | 2314.27 | 3727.37 | 302.01 | 713.44 | 507.44 | 1032.89 |
| 30-Sep-22 | 2657.5 | 2140.06 | 128.37 | 841.81 | 223.81 | 1212.91 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Arham Technologies IPO is Rs 35.53 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.82 |
The Objects of the Issue are:
A. To meet the working capital requirements
B. To meet the Issue Expenses
C. General Corporate Purposes
[Dilip Davda] 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...
The Arham Technologies IPO is subscribed 450.03 times on December 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)
| Category | Subscription (times) |
|---|---|
| Other | 418.27 |
| Retail | 481.79 |
| Total | 450.03 |
| Listing Date | December 15, 2022 |
| BSE Script Code | |
| NSE Symbol | ARHAM |
| ISIN | INE0L2Y01011 |
| Final Issue Price | ₹42 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹42.00 |
| ₹60.00 |
| ₹58.25 |
| ₹63.00 |
| ₹63.00 |
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/
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
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Check our SME IPO Guide 
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 December 5, 2022, and closes on December 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
Visit Zerodha IPO Application Process Review for more detail.
The Arham Technologies IPO opens on December 5, 2022 and closes on December 7, 2022.
Arham Technologies IPO lot size is 3000 Shares, and the minimum amount required is ₹126,000.
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 Monday, December 12, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 14, 2022. Check the Arham Technologies IPO allotment status.
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