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Arham Technologies IPO is a fixed price issue of ₹9.58 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹9.58 crore.
Arham Technologies IPO bidding started from Dec 5, 2022 and ended on Dec 7, 2022. The allotment for Arham Technologies IPO was finalized on Dec 12, 2022. The shares got listed on NSE SME on Dec 15, 2022.
Arham Technologies IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Finshore Management Services Ltd. is the book running lead manager and Cameo Corporate Services Ltd. is the registrar of the issue. The market maker of the company is Nikunj Stock Brokers Ltd..
Refer to Arham Technologies IPO RHP for detailed Information.
| IPO Date | December 5, 2022 to December 7, 2022 |
| Listing Date | December 15, 2022 |
| Face Value | ₹10 per share |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 22,80,000 shares (aggregating up to ₹9.58 Cr) |
| Reserved for Market Maker | 1,14,000 shares Nikunj Stock Brokers Ltd. (aggregating up to ₹0.4788 Cr) |
| Net Offered to Public | 21,66,000 shares (aggregating up to ₹9.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 61,80,000 shares |
| Share Holding Post Issue | 84,60,000 shares |
Arham Technologies IPO offers total 22,80,000 shares. Out of which 10,83,000 (47.50%) allocated to NII 10,83,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,14,000 (5.00%) |
| NII (HNI) Shares Offered | 10,83,000 (47.50%) |
| Retail Shares Offered | 10,83,000 (47.50%) |
| Total Shares Offered | 22,80,000 (100.00%) |
Arham Technologies IPO opens on December 5, 2022, and closes on December 7, 2022.
| IPO Open Date | Mon, Dec 5, 2022 |
| IPO Close Date | Wed, Dec 7, 2022 |
| Tentative Allotment | Mon, Dec 12, 2022 |
| Initiation of Refunds | Tue, Dec 13, 2022 |
| Credit of Shares to Demat | Wed, Dec 14, 2022 |
| Tentative Listing Date | Thu, Dec 15, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 7, 2022 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2013, Arham Technologies Limited is engaged in manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand 'STARSHINE'. The company also manufacture Fans, Air Coolers and Mixer Grinders through third-party manufacturers.
Arham Technologies Limited serve under Original Equipment Manufacturer ("OEM") business models for LED Televisions. The company manufacture and supplies products as per the requirements of the customers, who then further distribute these products under their brands.
Raw materials like open cells, Electronic Circuits (Mainboard), cabinets and Back Light Units (BLU) are imported from China and Hongkong. Other accessories i.e. Speakers, Stands etc. are procured from domestic suppliers in India.
The company is strategically located in the new Smart City of Raipur, one of India's very first smart cities. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states.
Competitive Strengths:
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 977.71 | 1379.28 | 56.51 | 164.75 | 1.67 | 730.68 |
| 31-Mar-21 | 1542.22 | 2280.11 | 203.76 | 411.44 | 205.44 | 813.38 |
| 31-Mar-22 | 2314.27 | 3727.37 | 302.01 | 713.44 | 507.44 | 1032.89 |
| 30-Sep-22 | 2657.5 | 2140.06 | 128.37 | 841.81 | 223.81 | 1212.91 |
| Amount in ₹ Lakhs | ||||||
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 13.82 |
The Company Arham Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To meet the working capital requirements | 8.34 |
| 2 | General Corporate Purposes | 0.75 |
[Dilip Davda] ATL is operating in a fragmented and highly competitive segment. The issue appears fully priced based on its financial performance so far. The sustainability of margins going forward is a major concern. Well-informed, risk seeker cash surplus investors may consider investing in this fully priced issue. Read detail review...
| Listing Date | December 15, 2022 |
| BSE Script Code | |
| NSE Symbol | ARHAM |
| ISIN | INE0L2Y01011 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹60.00 |
| Low | ₹58.25 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Arham Technologies Ltd.
Plot No. 15 Electronic Manufacturing Cluster,
Sector 22, Village Tuta,
Atal Nagarnava, Raipur - 492015,
Raipur, Chhattisgarh
Phone: +91 70697 66778
Email: cs@arhamtechnologies.co.in
Website: http://www.arhamtechnologies.co.in/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Arham Technologies IPO is a SME IPO of 22,80,000 equity shares of the face value of ₹10 aggregating up to ₹9.58 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on December 5, 2022, and closes on December 7, 2022.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Arham Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Arham Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arham Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arham Technologies IPO opens on December 5, 2022 and closes on December 7, 2022.
Arham Technologies IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Arham Technologies 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 Arham Technologies IPO will be done on Monday, December 12, 2022, and the allotted shares will be credited to your demat account by Wednesday, December 14, 2022. Check the Arham Technologies IPO allotment status.
The Arham Technologies IPO listing date is on Thursday, December 15, 2022.
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