Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha (Trading & Demat Account)
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
|
|
Arihant Academy IPO is a fixed price issue of Rs 14.72 crores. The issue is entirely a fresh issue of 16.35 lakh shares.
Arihant Academy IPO bidding started from December 16, 2022 and ended on December 21, 2022. The allotment for Arihant Academy IPO was finalized on Monday, December 26, 2022. The shares got listed on NSE SME on December 29, 2022.
Arihant Academy IPO price is ₹90 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹144,000. The minimum lot size investment for HNI is 2 lots (3,200 shares) amounting to ₹288,000.
Shreni Shares Limited is the book running lead manager of the Arihant Academy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Arihant Academy IPO is Shreni Shares.
Refer to Arihant Academy IPO RHP for detailed information.
| IPO Date | December 16, 2022 to December 21, 2022 |
| Listing Date | December 29, 2022 |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 1,635,200 shares (aggregating up to ₹14.72 Cr) |
| Fresh Issue | 1,635,200 shares (aggregating up to ₹14.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 83,200 shares Shreni Shares |
Arihant Academy IPO offers 1,635,200 shares. 776,000 (47.46%) to NII, 776,000 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 83,200 (5.09%) |
| Other Shares Offered | 776,000 (47.46%) |
| Retail Shares Offered | 776,000 (47.46%) |
| Total Shares Offered | 1,635,200 (100%) |
Arihant Academy IPO opens on December 16, 2022, and closes on December 21, 2022.
| IPO Open Date | Friday, December 16, 2022 |
| IPO Close Date | Wednesday, December 21, 2022 |
| Basis of Allotment | Monday, December 26, 2022 |
| Initiation of Refunds | Tuesday, December 27, 2022 |
| Credit of Shares to Demat | Wednesday, December 28, 2022 |
| Listing Date | Thursday, December 29, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 21, 2022 |
Investors can bid for a minimum of 1600 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 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
| Lot Size Calculator | |||
Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.00% |
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 market capitalization of Arihant Academy IPO is Rs 54.5 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 19.11 |
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.
[Dilip Davda] 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 December 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) |
|---|---|
| Other | 242.89 |
| Retail | 228.85 |
| Total | 235.87 |
| Listing Date | December 29, 2022 |
| BSE Script Code | |
| NSE Symbol | ARIHANTACA |
| ISIN | INE0NCC01015 |
| Final Issue Price | ₹90 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹90.00 |
| ₹120.10 |
| ₹120.10 |
| ₹126.10 |
| ₹126.10 |
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: https://ipo.bigshareonline.com/ipo_status.html
SME Company Owners
We could help you get listed on the stock market.
Check our SME IPO Guide 
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 December 16, 2022, and closes on December 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 December 16, 2022 and closes on December 21, 2022.
Arihant Academy IPO lot size is 1600 Shares, and the minimum amount required is ₹144,000.
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 Monday, December 26, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 28, 2022. Check the Arihant Academy IPO allotment status.
Useful Articles
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
|
|
RHP
IPO Mentor (1100+ Posts, 400+ Likes)
IPO Guru (1000+ Posts, 900+ Likes)
Top Contributor (300+ Posts, 100+ Likes)
Pawan Leo| Link | Bookmark |January 10, 2023 8:26:47 AM