Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |
Arete 22 Ltd. has filed a Draft Red Herring Prospectus (DRHP) with the exchange on to raise funds through Initial Public Offer (IPO).
Arete 22 Ltd. IPO is a Book Build Issue consisting solely of fresh issue of upto 0.57 crore equity shares.
The equity shares are proposed to be listed on the NSE SME. Horizon Management Pvt.Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. Key details like IPO dates, IPO price bands and lot size are yet to be announced.
Refer to Arete 22 IPO DRHP for more details.
| IPO Date | [.] |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 56,50,000 shares (agg. up to ₹[.] Cr) |
| Fresh Issue | 56,50,000 shares (agg. up to ₹[.] Cr) |
| Share Holding Pre Issue | 1,50,04,498 shares |
| Share Holding Post Issue | 2,06,54,498 shares |
| Description | Date |
|---|---|
| Filed with SEBI/Exchange | Mon, Sep 29, 2025 |
| Offer document withdrawn |
Incorporated in 2021, Arete 22 Limited is one of the leading manufacturers of aluminium alloy wheels for two-wheelers, headquartered in Auto Nagar, Visakhapatnam, Andhra Pradesh. The company undertakes end-to-end manufacturing of aluminium alloy wheels, encompassing designing, casting, machining, finishing, and testing, catering to both OEM and replacement markets.
Arete 22 Limited focuses on light-weighting and value analysis/value engineering (VAVE) to deliver durable, high-performance alloy wheels that enhance vehicle ride quality and efficiency.
The company operates through two state-of-the-art manufacturing facilities located at Kolar, Karnataka and Bilaspur, Haryana, which are major automobile manufacturing hubs.
Additionally, the company maintains a warehouse at Motham Agraharam, Hosur, Tamil Nadu, strategically located near TVS Motor Co. Limited’s manufacturing facility for efficient logistics and supply.
As of August 31, 2025, Arete 22 Limited’s key customers include TVS Motor Co. Limited, Hero MotoCorp Limited, and Bajaj Auto Ltd., with open-ended Letters of Intent (LoIs) from all three clients for continued supply of alloy wheels.
The company distributes its products across multiple states in India and employs 170 personnel as of August 31, 2025.
Arete 22 Ltd.'s revenue increased by 89% and profit after tax (PAT) rose by 473% between the financial year ending with March 31, 2025 and March 31, 2024.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 277.22 | 130.24 | 74.06 |
| Total Income | 213.47 | 112.83 | 0.26 |
| Profit After Tax | 18.99 | 3.31 | -0.76 |
| EBITDA | 34.98 | 14.21 | -0.75 |
| NET Worth | 31.54 | 12.55 | 9.24 |
| Reserves and Surplus | 21.54 | 2.55 | -0.76 |
| Total Borrowing | 215.00 | 96.09 | 59.80 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Prepayment or repayment of all or a portion of certain loans availed by the Company | 60.00 |
| 2 | Funding of working capital requirements of the Company | 30.00 |
| 3 | General Corporate Purposes |
| KPI | Mar 31, 2025 |
|---|---|
| ROE | 86.12% |
| ROCE | 12.62% |
| RoNW | 60.20% |
| PAT Margin | 8.94% |
| EBITDA Margin | 16.47% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.65 | 9.19 |
| Promoter Holding | 99.40% |
Lead Manager Reports
Arete 22 IPO is a SME IPO of 56,50,000 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .
The Arete 22 IPO open and close dates are not available as of now.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Arete 22 IPO using UPI as a payment gateway. Zerodha customers can apply in Arete 22 IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arete 22 IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arete 22 IPO dates are not announced. Please check back again after some time.
Arete 22 IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in Arete 22 IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Arete 22 IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Arete 22 IPO allotment status.
The Arete 22 IPO listing date is not yet announced. The tentative date of listing is .
