Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Mon, Dec 5, 2022 - Wed, Dec 7, 2022
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Dec 5, 2022
IPO Close
Wed, Dec 7, 2022
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹35.53 Cr
| IPO Date | 5 to 7 Dec, 2022 |
| Listed on | Thu, Dec 15, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 22,80,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,14,000 shares Nikunj Stock Brokers Ltd. (agg. up to ₹0.4788 Cr) |
| Fresh Issue (Ex Market Maker) | 21,66,000 shares (agg. up to ₹9 Cr) |
| Net Offered to Public | 21,66,000 shares (agg. up to ₹9 Cr) |
| Share Holding Pre Issue | 61,80,000 shares |
| Share Holding Post Issue | 84,60,000 shares |
| NSE Symbol | ARHAM |
| ISIN | INE0L2Y01011 |
Arham Technologies IPO comprises a total issue size of 22,80,000 shares. The net offer to the public is 21,66,000 shares, after excluding 1,14,000 shares allotted on a firm basis. Of the Net offer 10,83,000 (50.00%) allocated to NII 10,83,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 10,83,000 | 50.00% | 47.50% |
| Retail Shares Offered | 10,83,000 | 50.00% | 47.50% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,14,000 | 5.00% | |
| Total Shares Offered | 22,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 26.58 | 23.14 | 15.42 | 9.78 |
| Total Income | 21.40 | 37.27 | 22.80 | 13.79 |
| Profit After Tax | 1.28 | 3.02 | 2.04 | 0.57 |
| NET Worth | 8.42 | 7.13 | 4.11 | 1.65 |
| Reserves and Surplus | 2.24 | 5.07 | 2.05 | 0.02 |
| Total Borrowing | 12.13 | 10.33 | 8.13 | 7.31 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet the working capital requirements | 8.34 |
| 2 | General Corporate Purposes | 0.75 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 147 |
| ROCE | 48 |
| Debt/Equity | 2.24 |
| RoNW | 42.33 |
| PAT Margin | 8.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.89 | |
| P/E (x) | 13.82 | |
| Promoter Holding | 100.00% | 73.05% |
| Market Cap | ₹35.53 Cr. |
The Arham Technologies IPO is subscribed 450.03 times on December 7, 2022 7:00:00 PM (Day 3). The public issue subscribed 481.79 times in the retail category, [.] times in the QIB category, and 418.27 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 418.27 | 10,83,000 | 45,29,91,000 |
| Retail | 481.79 | 10,83,000 | 52,17,75,000 |
| Total | 450.03 | 21,66,000 | 97,47,66,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including other intermediaries Fees | 0.25 |
| 2 | Regulators Including Stock Exchanges | 0.15 |
| 3 | Advertising and Marketing Expenses | 0.05 |
| 4 | Printing and distribution of Issue Stationary | 0.04 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹60.00 |
| Low | ₹58.25 |
| High | ₹63.00 |
| Last Trade | ₹63.00 |
Lead Manager Reports
Arham Technologies IPO is a SME IPO of 22,80,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Mon, Dec 5, 2022, and closes on Wed, Dec 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 Mon, Dec 5, 2022 and closes on Wed, Dec 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 Wed, Dec 14, 2022. Check the Arham Technologies IPO allotment status.
The Arham Technologies IPO listing date is on Thu, Dec 15, 2022.
