FREE Account Opening + No Clearing Fees

Arihant Institute Limited IPO (Arihant Institute IPO) Detail

May 23, 2018 - May 28, 2018

Arihant Institute IPO is a fixed price issue of Rs 7.50 crores.

Arihant Institute IPO bidding started from May 23, 2018 and ended on May 28, 2018. The shares got listed on BSE SME on June 5, 2018.

Arihant Institute IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Monarch Networth Capital Ltd is the book running lead manager of the Arihant Institute IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Arihant Institute IPO RHP for detailed information.

Arihant Institute IPO Details

IPO Date May 23, 2018 to May 28, 2018
Listing Date June 5, 2018
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Total Issue Size2,500,000 shares
(aggregating up to ₹7.50 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion132,000 shares

Arihant Institute IPO Reservation

Arihant Institute IPO offers 2,500,000 shares. 1,184,000 (47.36%) to NII, 1,184,000 (47.36%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered132,000 (5.28%)
Other Shares Offered1,184,000 (47.36%)
Retail Shares Offered1,184,000 (47.36%)
Other Shares Offered132,000 (5.28%)
Total Shares Offered2,500,000 (100%)

Arihant Institute IPO Lot Size

Investors can bid for a minimum of 4000 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 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000
Lot Size Calculator

About Arihant Institute Limited

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 (Arihant Institute IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  

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 Details

Listing Date June 5, 2018
BSE Script Code 541401
NSE Symbol
ISIN INE997Z01016
Final Issue Price ₹30 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Arihant Institute Limited Contact Details

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 - Buy or Not

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

SME IPO Enquiry

SME Company Owners
We could help you get listed on the stock market.

Contact us Today

Check our SME IPO Guide New

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 amount required is ₹120,000.

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, Nuvama, 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 June 5, 2018.
Open an Instant Account with Zerodha

Arihant Institute IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



14. RAJAKUMAR |   Link |  Bookmark |June 22, 2018 9:49:48 AM (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 |  Bookmark |June 7, 2018 6:54:14 PM
IPO Mentor IPO Mentor (700+ Posts, 1000+ Likes)
Allotment out -
12. ATUL C. SHAH |   Link |  Bookmark |June 5, 2018 4:02:18 PM
Listing date ?
11. DownriteVJ |   Link |  Bookmark |May 29, 2018 3:27:37 PM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Retail      3.51X
Overall      2.08X
10. Avid IPO Investor |   Link |  Bookmark |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 |  Bookmark |May 26, 2018 12:44:58 AM
avid IPO investor or "avoid" IPO investor?
10.3. Prabahar P M |   Link |  Bookmark |May 28, 2018 2:25:51 PM
9. Snow Den |   Link |  Bookmark |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 |  Bookmark |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 |  Bookmark |May 22, 2018 1:49:39 PM
Should we go??
7.1. Avid IPO Investor |   Link |  Bookmark |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 |  Bookmark |May 22, 2018 10:37:42 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
5. CAMANISH |   Link |  Bookmark |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 |  Bookmark |May 20, 2018 7:23:37 PM
IPO Mentor IPO Mentor (900+ Posts, 700+ 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 |  Bookmark |May 20, 2018 2:17:11 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Is it an IPO or request for seed money?
2. Rkg |   Link |  Bookmark |May 20, 2018 2:12:26 PM
Top Contributor Top Contributor (500+ Posts, 200+ Likes)
Some investors will definitely apply.
1. vgoel |   Link |  Bookmark |May 20, 2018 10:10:15 AM
Unstable bottomline. Does not seem to be good.