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Arihant Academy Limited IPO (Arihant Academy IPO) Detail

Dec 16, 2022 - Dec 21, 2022

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:

  • Hybrid Model of Coaching.
  • Experienced Management Team.
  • Qualified Pool of Faculty.
  • Professional & Organizational Development.
  • Result-oriented methods of coaching.

Company Financials

Arihant Academy Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20814.31921.1242.09177.17177.1789.38
31-Mar-21829.091409.77112.56289.73289.7348.98
31-Mar-221104.261531.97201.86491.59491.59127.6
Amount in ₹ Lakhs

Objects of the Issue

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.

Arihant Academy IPO Details

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 Size1,635,200 shares of ₹10
(aggregating up to ₹14.72 Cr)
Fresh Issue1,635,200 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 Offered50% of the net offer
Retail Shares Offered50% of the net offer
Market MakerSHRENI SHARES PRIVATE LIMITED
Company Promoters

Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam are the company promoters.

Arihant Academy IPO Tentative Timetable

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

Arihant Academy IPO Lot Size

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

Arihant Academy IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 73.00%

Arihant Academy IPO Review

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...


Arihant Academy IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII242.89
Retail228.85
Total235.87

Arihant Academy IPO Prospectus

Arihant Academy IPO Rating

368
3.9
Rating:Rated 3.9 stars
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Arihant Academy IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹90.00
₹120.10
₹120.10
₹126.10
₹126.10

Company Contact Information

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/

Arihant Academy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Arihant Academy IPO Review

Arihant Academy IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 2 0 2

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Arihant Academy IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Arihant Academy 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 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.

The Arihant Academy IPO listing date is on Thursday, December 29, 2022.
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Arihant Academy IPO Message Board

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334 Comments

170. Pawan Leo |   Link |Jan 10, 2023 9:26:47 AM
New Member New Member
At what price it is expected to list ??
169. Gaurav DD dimer |   Link |Jan 7, 2023 11:01:20 AM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
UC Expected on Monday.
Good Luck.
168. Stiwari |   Link |Jan 5, 2023 7:31:15 PM
New Member New Member
Luckily I got 1 allotment for Arihant out of 11 retail sme ipo
167. Zindgi |   Link |Jan 4, 2023 8:15:14 PM
Koi to batao LC kab open hoga ? Norul ji , lokesh ji , ravichandra ji , mz ji ...any members have internal source pls reply
166. Pawan Leo |   Link |Jan 4, 2023 1:36:18 PM
New Member New Member
I intend to buy 1 lot of Arihant academy for long term. Veterans kindly share your views on the long term prospects of this company.
165. Zindgi |   Link |Jan 2, 2023 4:28:22 PM
Dear All,

Kindly share strategy for Arihant after hit LC.

will it behave like gargi.?

165.2. Noorul |   Link |Jan 4, 2023 10:14:50 PM
It won't behave like Gargi .
LC may take one or two days to open.. not long.
165.3. krohit |   Link |Jan 4, 2023 11:30:58 PM
in this edtech startup world where companies are burning cash to get business, on the other hand arihant is profit making company. If the upcoming dec 22 quarter results will be in line with expectation than it should be move upward i guess. Lets see
164. abc xyz |   Link |Dec 30, 2022 11:53:57 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Just Like PNGS Gargi
This stock Arihant will also follow the same
Target for 6 month : 246/
It's profit making and trading at very reasonable value as it's peers are trading at much much higher valuations.
Invest in this stock confidently with strong conviction.
164.1. Noorul |   Link |Dec 31, 2022 1:06:19 AM
It's circuit will probably open on Monday or Tuesday.
163. Jaga |   Link |Dec 29, 2022 11:24:35 PM
29-Dec-2022      AAL      Arihant Academy Limited      BIREN P GANDHI      BUY      99,200      120.18      -
29-Dec-2022      AAL      Arihant Academy Limited      HARSHIT BIREN GANDHI      BUY      86,400      120.10      -
29-Dec-2022      AAL      Arihant Academy Limited      JAIN SANJAY POPATLAL      BUY      32,000      120.10      -
29-Dec-2022      AAL      Arihant Academy Limited      MANSI SHARES & STOCK ADVISORS PVT LTD      BUY      32,000      120.10      -
29-Dec-2022      AAL      Arihant Academy Limited      MEENA SINGHAL      BUY      32,000      120.10      -
29-Dec-2022      AAL      Arihant Academy Limited      MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED      BUY      48,000      120.12      -
29-Dec-2022      AAL      Arihant Academy Limited      SS CORPORATE SECURITIES LIMITED      BUY      44,800      120.10      -
162. AJS |   Link |Dec 29, 2022 10:55:40 AM
First upper circuit comes. Is it a hold or sell at this price?
161. Noorul |   Link |Dec 29, 2022 10:49:22 AM
Bought at 121 because of high volume and below expectation listing.
160. rsk |   Link |Dec 29, 2022 10:45:39 AM
IPO Mentor IPO Mentor (500+ Posts, 300+ Likes)
10 Lakh Plus of 16 Lakh offered already cornered.
159. abc xyz |   Link |Dec 29, 2022 9:51:02 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Discover price:120.10
Buyer : 206400
Seller : 49600
159.1. Rohan Bajaj |   Link |Dec 29, 2022 9:56:32 AM
What should be strategy now ?
159.2. Rohan Bajaj |   Link |Dec 29, 2022 10:18:06 AM
Sold @121.10
158. Rohan Bajaj |   Link |Dec 29, 2022 9:06:29 AM
How to search this in zerodha. It's not showing
158.1. gala |   Link |Dec 29, 2022 9:13:48 AM
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Search AAL
157. krohit |   Link |Dec 28, 2022 11:13:39 PM
Does all the allottees received shares in their dmat account? I am using upstock and shares of arihant not showing yet. Pls help
157.1. Amit Jaipur |   Link |Dec 29, 2022 12:06:21 AM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Shares will be shown on the day of listing but u must have recd. The msg. Of credit of Shares in your demat.
156. Arjun Rajkot |   Link |Dec 28, 2022 10:08:34 PM
IPO Mentor IPO Mentor (500+ Posts, 1100+ Likes)
Gyan Chand Told

Listing between 30-40 Premium

GMP 40
156.1. Dowg |   Link |Dec 29, 2022 8:49:43 AM
sIR jI, what about UMA
156.2. IPO LEADER |   Link |Dec 29, 2022 9:51:10 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Great Arjun bhai
155. Loot sko to loot lo ipo |   Link |Dec 28, 2022 8:51:18 PM
New Member New Member
Not get allotment but money still blocked by bank.i also connected by bigshare registrar but not get any response.
Now unable understand what I do?
Please Any one help...
155.1. Rani |   Link |Dec 29, 2022 2:54:55 PM
New Member New Member
I am yet to get my money unblocked from SBI.. How about you... Thinking where to complain
154. abc xyz |   Link |Dec 28, 2022 7:44:49 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
If 2morrow market supports
Listing may be around 123-136
Let's see.
153. Amit Jaipur |   Link |Dec 28, 2022 3:33:35 PM
IPO Mentor IPO Mentor (900+ Posts, 900+ Likes)
Listing expectations.
152. Rani |   Link |Dec 28, 2022 2:00:05 PM
New Member New Member
SBI didnt unblock my funds and I was not able to apply for RBM..F*** y** Both.. Any suggestions on the same.
151. Gaurav goyal.. |   Link |Dec 28, 2022 12:23:38 PM
New Member New Member
11 times i have tried for sme ipo in retail category but never succeeded, how to get the allotment please suggest.
151.2. JaiShriKrishna |   Link |Dec 29, 2022 11:15:23 AM
continue investing...you will get one day
151.3. Rani |   Link |Dec 29, 2022 5:58:19 PM
New Member New Member
Just now got it unblocked.. But couldnt apply for RBM.. Will be applying for Anlon