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 Promoters:

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

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
Development
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense

Arihant Institute IPO Details

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)

Arihant Institute IPO Lot Size

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

Arihant Institute IPO Subscription Status (Bidding Detail)

The Arihant Institute IPO is subscribed 2.20x times on May 28, 2018 17:00. The public issue subscribed 3.71x in the retail category, in the QIB category, and 0.69x in the NII category. Check Day by Day Subscription Details (Live Status)

Category	IPO Subscription
NII	0.69x
RII	3.71x
Total	2.20x

Arihant Institute IPO Prospectus

› Arihant Institute IPO DRHP
› Arihant Institute IPO RHP

Arihant Institute IPO Rating

2.8

Rating:

Vote Here ...

Arihant Institute IPO Listing Date

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

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE SME
₹30.00
₹29.95
₹28.75
₹30.05
₹29.25
440,000

Arihant Institute IPO Reviews / Ratings

Dilip Davda - Avoid

Company Contact Information

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

Arihant Institute IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/

Arihant Institute IPO Lead Manager(s)

Monarch Networth Capital Ltd

Lead Manager Reports

Arihant Institute IPO FAQs

What is Arihant Institute IPO?

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.
When Arihant Institute IPO will open?

The Arihant Institute IPO opens on May 23, 2018 and closes on May 28, 2018.
What is the lot size of Arihant Institute IPO?

Arihant Institute IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
How to apply for Arihant Institute IPO?

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.
When Arihant Institute IPO allotment?

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.
When is Arihant Institute IPO listing date?

The Arihant Institute IPO listing date is on Tuesday, June 5, 2018.

Arihant Institute IPO Message Board

Ranked Members

14. RAJAKUMAR |Jun 22, 2018 10:49

IPO Guru (1400+ Posts, 1000+ 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 |Jun 7, 2018 19:54

IPO Mentor (500+ Posts, 700+ Likes)

Allotment out -
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx

12. ATUL C. SHAH |Jun 5, 2018 17:02

Listing date ?

11. DownriteVJ |May 29, 2018 16:27

IPO Guru (1200+ Posts, 1100+ Likes)

Retail 3.51X
Overall 2.08X

10. Avid IPO Investor |May 22, 2018 21:26

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.

Review: MUST SUBSCRIBE.

Load more comments (1 replies)

10.2. ShareMarket |May 26, 2018 01:44

avid IPO investor or "avoid" IPO investor?

10.3. Prabahar P M |May 28, 2018 15:25

Ha Ha Ha ROFL

9. Snow Den |May 26, 2018 17:33

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 |May 23, 2018 02:23

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 |May 22, 2018 14:49

Should we go??

7.1. Avid IPO Investor |May 22, 2018 21:30

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 |May 22, 2018 11:37

IPO Guru (1200+ Posts, 1100+ Likes)

Avoid

5. CAMANISH |May 21, 2018 18:27

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 ???????????? |May 20, 2018 20:23

Top Contributor (300+ Posts, 200+ 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 |May 20, 2018 15:17

Top Contributor (300+ Posts, 100+ Likes)

Is it an IPO or request for seed money?

2. Rkg |May 20, 2018 15:12

Top Contributor (300+ Posts, 100+ Likes)

Some investors will definitely apply.

1. vgoel |May 20, 2018 11:10

Unstable bottomline. Does not seem to be good.

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