Arihant Institute Limited IPO (Arihant Institute IPO) Detail

May 23, 2018 - May 28, 2018

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.

Company Financials

Summary of financial Information (Restated)
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

Objects of the Issue

The Objects of the Issue are-

1.Training Centre Expansion
2.Technical Infrastructure -Servers & Studio, Portal and Content
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense

Arihant Institute IPO Details

Arihant Institute IPO Date May 23, 2018 to May 28, 2018
Arihant Institute IPO Face Value ₹10 per share
Arihant Institute IPO Price ₹30 per share
Arihant Institute IPO Lot Size 4000 Shares
Issue Size2,500,000 shares of ₹10
(aggregating up to ₹7.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Company Promoters

The Promoter of the Company are Mr. Sandip Vinodray Kamdar, Mr. Vinodray Keshavlal Kamdar, Mrs. Maduben Vinodray Kamdar, and Mrs. Anjali Sandipbhai Kamdar.

Arihant Institute IPO Lot Size

The Arihant Institute IPO 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
Minimum 1 4000 ₹120,000
Maximum 1 4000 ₹120,000

Arihant Institute IPO Review

There is no harm in giving this exorbitantly priced, negative networth and erratically performing company issue a miss.

Read detail review...

Arihant Institute IPO Subscription Status (Bidding Detail)

The Arihant Institute IPO is subscribed 2.20 times on May 28, 2018 5:00:00 PM. The public issue subscribed 3.71 times in the retail category, times in the QIB category, and 0.69 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Arihant Institute IPO Prospectus

Arihant Institute IPO Rating

Rating:Rated 2.8 stars
Vote Here ...

Arihant Institute IPO Listing Date

Listing Date Tuesday, June 5, 2018
BSE Script Code 541401
NSE Symbol
Listing In MT Group of Securities
ISIN INE997Z01016
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

IPO Price
Last Trade

Company Contact Information

Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad - 380 013
Phone: 079- 27683113

Arihant Institute IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000

Arihant Institute IPO Review

Arihant Institute IPO Recommendation Summary

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

Read All Reviews Post Your Review Manage Reviews

IPO Broker Recommendations

Arihant Institute IPO FAQs

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 share. The minimum order quantity is 4000 Shares.

The IPO opens on May 23, 2018, and closes on May 28, 2018.

KFin Technologies 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 .

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.

The Arihant Institute IPO listing date is on Tuesday, June 5, 2018.
Open an Instant Account with Zerodha

Arihant Institute IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



14. RAJAKUMAR |   Link |Jun 22, 2018 9:49:48 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Again Pantamoth lists with premium. Last four issues of Pantamoth list with premium range 9k to 6k. This issue also retail investors gets 6k profit. 6k profit in a matter of 6 days for one lakh is very good when this issue is not much over subscribed.
13. Johny |   Link |Jun 7, 2018 6:54:14 PM
IPO Mentor IPO Mentor (700+ Posts, 900+ Likes)
Allotment out -
12. ATUL C. SHAH |   Link |Jun 5, 2018 4:02:18 PM
Listing date ?
11. DownriteVJ |   Link |May 29, 2018 3:27:37 PM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
Retail      3.51X
Overall      2.08X
10. Avid IPO Investor |   Link |May 22, 2018 8:26:30 PM
I track all the IPO especially ahmedabad based as I am an avid IPO investor. I had the opportunity to hear promoter today at the investor meet and here is a frank feedback:
- Jam packed meet with more than 120 participants, first time observed by me
- Promoter's integrity was corroborated by few potential investors which was really comforting
- promoters business acumen is amazing given more than two decades of experience
- new target areas of skill development, competitive exams and centre expansion are very clearly planned out
- independent inquiry on ground reveals that in last three months JK Shah is loosing market tremendously for lack of service standards

I believe the IPO seems over priced but is more than justified considering the future business plans and promoters integrity.

10.2. ShareMarket |   Link |May 26, 2018 12:44:58 AM
avid IPO investor or "avoid" IPO investor?
10.3. Prabahar P M |   Link |May 28, 2018 2:25:51 PM
9. Snow Den |   Link |May 26, 2018 4:33:54 PM
Dont ever trust any co. where lead manager is Monarch Capital Networth. U can check this by MILESTONE FURNITURE IPO which is 10 days ago. Back to back 4 lower circuit in milestone ipo though before listing it premium was sub to 5500.
8. anujsme |   Link |May 23, 2018 1:23:04 AM
abhi abhi ek hemant shah bhi ahmedabad ki UHZaveri list hui hai 28 % down

avoid primary market sme issues

aaj ki listing UH zaveri down 28 pc in a single day.

look at the investor wealth destroyed
7. Abhishek Shahi |   Link |May 22, 2018 1:49:39 PM
Should we go??
7.1. Avid IPO Investor |   Link |May 22, 2018 8:30:36 PM
You should go ahead only on the points of:
- impeccable promoter integrity
- very nicely planned expansion and service offering diversification
- valuation is still cheaper than Reuters average PE of 55x for industry and 41x for sector.
6. DownriteVJ |   Link |May 22, 2018 10:37:42 AM
IPO Guru IPO Guru (1300+ Posts, 1200+ Likes)
5. CAMANISH |   Link |May 21, 2018 5:27:00 PM
I am Chartered Accountant
But I here not About Those coaching Classes

And Fund Not required for Coaching classes

from My Side AVOID
4. ???????????? IPO CALLING ???????????? |   Link |May 20, 2018 7:23:37 PM
IPO Mentor IPO Mentor (700+ Posts, 500+ Likes)
I think not apply

I study in navkar institute competitor of Arihant .

Navkar and j.k Shah is better than Arihant

But promoter is Jain so not listed in discount .

Compilation high and Arihant not survive so be careful to apply
3. Rkg |   Link |May 20, 2018 2:17:11 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Is it an IPO or request for seed money?
2. Rkg |   Link |May 20, 2018 2:12:26 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Some investors will definitely apply.
1. vgoel |   Link |May 20, 2018 10:10:15 AM
Unstable bottomline. Does not seem to be good.