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Incorporated in 2007, Arihant Academy Limited is engaged in providing coaching services and parallel educational support verticals. The company offers services in the western suburbs of Mumbai, Maharashtra for Class 8, 9 and 10 for both State Board and ICSE Board; Class 11 and 12 for the commerce and science section; tutoring students in the science field for entrance exams such as JEE (Main), JEE (Advanced) and MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra) and preparing students for professional exams such as CS and CA for the entry-level and second level exam, in the commerce section.
The company operates under the brand name "Arihant Academy".
The company has managed to develop a base in the coaching classes sector by setting up 8 branches at the time of taking over the business of the M/s. Arihant Academy to 14 branches across all the sections. Arihant Academy Limited caters to around 6,000 students from these 14 coaching centres.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 814.3 | 1921.12 | 42.09 | 177.17 | 177.17 | 89.38 |
| 31-Mar-21 | 829.09 | 1409.77 | 112.56 | 289.73 | 289.73 | 48.98 |
| 31-Mar-22 | 1104.26 | 1531.97 | 201.86 | 491.59 | 491.59 | 127.6 |
| Amount in ₹ Lakhs | ||||||
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
| IPO Date | Dec 16, 2022 to Dec 21, 2022 |
| Listing Date | Thursday, December 29, 2022 |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,635,200 shares of ₹10 (aggregating up to ₹14.72 Cr) |
| Fresh Issue | 1,635,200 shares of ₹10 (aggregating up to ₹14.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Cap (₹ Cr.) | 54.5 |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | SHRENI SHARES PRIVATE LIMITED |
| Company Promoters | Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam are the company promoters. |
Arihant Academy IPO opens on Dec 16, 2022, and closes on Dec 21, 2022. The Arihant Academy IPO bid date is from Dec 16, 2022 10.00 A.M. to Dec 21, 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 16, 2022 |
| Closing Date | Dec 21, 2022 |
| Basis of Allotment | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat | Dec 28, 2022 |
| Listing Date | Dec 29, 2022 |
The Arihant Academy IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.00% |
The company is operating in a highly competitive and fragmented segment. Based on its financial performance, the issue appears fully priced. The sustainability of margins reported for the last 18 months raises concern. Well-informed, cash surplus risk seekers may consider an investment with a long-term perspective. Read detail review...
The Arihant Academy IPO is subscribed 235.87 times on Dec 21, 2022 7:00:00 PM. The public issue subscribed 228.85 times in the retail category, times in the QIB category, and 242.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 242.89 |
| Retail | 228.85 |
| Total | 235.87 |
| Listing Date | Thursday, December 29, 2022 |
| BSE Script Code | |
| NSE Symbol | ARIHANTACA |
| Listing In | |
| ISIN | INE0NCC01015 |
| IPO Price | ₹90 per share |
| Face Value | ₹10 per share |
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Arihant Academy Limited
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai – 400066
Phone: +91 9920781706
Email: investors@arihantacademy.com
Website: http://www.arihantacademy.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Are you an SME company looking for an IPO to raise funds and get listed in the stock market? We can help. Contact us today... SME IPO Enquiry Form
Arihant Academy IPO is a SME IPO of 1,635,200 equity shares of the face value of ₹10 aggregating up to ₹14.72 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600 Shares.
The IPO opens on Dec 16, 2022, and closes on Dec 21, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Arihant Academy IPO using UPI as a payment gateway. Zerodha customers can apply in Arihant Academy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arihant Academy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arihant Academy IPO opens on Dec 16, 2022 and closes on Dec 21, 2022.
Arihant Academy IPO lot size is 1600 Shares and the minimum order quantity is .
You can apply in Arihant Academy 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 Arihant Academy IPO will be done on Dec 26, 2022, and the allotted shares will be credited to your demat account by Dec 28, 2022. Check the Arihant Academy IPO allotment status.
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