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Incorporated in the year 2007, Gujarat based Arihant Institute Limited is a company engaged in providing coaching & educational guidance for students appearing for professional courses - Chartered Accountant, Company Secretary, and CMA. It provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result.
The Company operates the educational program and coaching under the Brand Name ?Arihant Institute since inception. With dedicated professors and trained staff, it has given education to more than 10000 students appeared for professional & Graduates exam. The company's student strength has improved and with dedicated efforts of the promoters, from the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.
Arihant premises spread over 9,500 sq. feet which include 8 air-conditioned classrooms, well-equipped library, canteen, staff room, 2 studios, backup lab, conference room and large administrative blocks. The company has 23 employees on its payroll.
The Promoter of the Company are Mr. Sandip Vinodray Kamdar, Mr. Vinodray Keshavlal Kamdar, Mrs. Maduben Vinodray Kamdar, and Mrs. Anjali Sandipbhai Kamdar.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 586.93 | 575.03 | 729.55 | 666.60 | 597.24 | |
| Total Revenue | 169.20 | 864.20 | 385.50 | 609.96 | 864.20 | |
| Profit After Tax | 112.74 | (14.45) | 3.79 | (146.26) | 16.48 | |
The Objects of the Issue are-
1.Training Centre Expansion
2.Technical Infrastructure -Servers & Studio, Portal and Content
Development
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense
| IPO Opening Date | May 23, 2018 |
| IPO Closing Date | May 28, 2018 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | BSE SME |
| Issue Size | 2,500,000 Eq Shares of ₹10 (aggregating up to ₹7.50 Cr) |
The Arihant Institute IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120,000 |
| Maximum | 1 | 4000 | ₹120,000 |
The Arihant Institute IPO is subscribed 2.20 times on May 28, 2018 17:00. The public issue subscribed 3.71 in the retail category, in the QIB category, and 0.69 in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 0.69 |
| RII | 3.71 |
| Total | 2.20 |
| Listing Date | Tuesday, June 5, 2018 |
| BSE Script Code | 541401 |
| NSE Symbol | |
| Listing In | MT Group of Securities |
| ISIN | INE997Z01016 |
| IPO Price | ₹30 per equity share |
| Face Value | ₹10 per equity share |
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Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad - 380 013
Phone: 079- 27683113
Email: cs@arihantinstitute.com
Website: http://www.arihantinstitute.com
KFintech Private Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Arihant Institute IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹7.50 Crores. The issue is priced at ₹30 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on May 23, 2018, and closes on May 28, 2018.
KFintech Private Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Arihant Institute IPO opens on May 23, 2018 and closes on May 28, 2018.
Arihant Institute IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in Arihant Institute 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Arihant Institute IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Arihant Institute IPO allotment status.
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