Fixed Price IPO | ₹15 Cr | Listed at NSE SME | Fri, Dec 16, 2022 - Wed, Dec 21, 2022
Arihant Academy IPO is a fixed price issue of ₹14.72 crores. The issue is entirely a fresh issue of 0.16 crore shares of ₹14.72 crore.
Arihant Academy IPO bidding started from Dec 16, 2022 and ended on Dec 21, 2022. The allotment for Arihant Academy IPO was finalized on Dec 26, 2022. The shares got listed on NSE SME on Dec 29, 2022.
Arihant Academy IPO price is ₹90 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,44,000 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,88,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Arihant Academy IPO RHP for detailed Information.
IPO Open
Fri, Dec 16, 2022
IPO Close
Wed, Dec 21, 2022
Issue Price
₹90 per share
Market Cap (Pre-IPO)
₹54.50 Cr
| IPO Date | 16 to 21 Dec, 2022 |
| Listed on | Thu, Dec 29, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 16,35,200 shares (agg. up to ₹15 Cr) |
| Reserved for Market Maker | 83,200 shares Shreni Shares Ltd. (agg. up to ₹0.7488 Cr) |
| Fresh Issue (Ex Market Maker) | 15,52,000 shares (agg. up to ₹14 Cr) |
| Net Offered to Public | 15,52,000 shares (agg. up to ₹14 Cr) |
| Share Holding Pre Issue | 44,20,000 shares |
| Share Holding Post Issue | 60,55,200 shares |
| NSE Symbol | ARIHANTACA |
| ISIN | INE0NCC01015 |
Arihant Academy IPO comprises a total issue size of 16,35,200 shares. The net offer to the public is 15,52,000 shares, after excluding 83,200 shares allotted on a firm basis. Of the Net offer 7,76,000 (50.00%) allocated to NII 7,76,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 7,76,000 | 50.00% | 47.46% |
| Retail Shares Offered | 7,76,000 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 83,200 | 5.09% | |
| Total Shares Offered | 16,35,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Incorporated in 2007, Arihant Academy Limited is engaged in providing coaching services and parallel educational support verticals. The company offers services in the western suburbs of Mumbai, Maharashtra for Class 8, 9 and 10 for both State Board and ICSE Board; Class 11 and 12 for the commerce and science section; tutoring students in the science field for entrance exams such as JEE (Main), JEE (Advanced) and MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra) and preparing students for professional exams such as CS and CA for the entry-level and second level exam, in the commerce section.
The company operates under the brand name "Arihant Academy".
The company has managed to develop a base in the coaching classes sector by setting up 8 branches at the time of taking over the business of the M/s. Arihant Academy to 14 branches across all the sections. Arihant Academy Limited caters to around 6,000 students from these 14 coaching centres.
Competitive Strengths:
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 11.04 | 8.29 | 8.14 |
| Total Income | 15.32 | 14.10 | 19.21 |
| Profit After Tax | 2.02 | 1.13 | 0.42 |
| NET Worth | 4.92 | 2.90 | 1.77 |
| Reserves and Surplus | 4.92 | 2.90 | 1.77 |
| Total Borrowing | 1.28 | 0.49 | 0.89 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements; and | 11.00 |
| 2 | General corporate purposes | 2.72 |
| KPI | |
|---|---|
| ROE | 51.46 |
| ROCE | 66.27 |
| Debt/Equity | 0.26 |
| RoNW | 40.98 |
| PAT Margin | 13.27% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 2018.61 | |
| P/E (x) | 19.11 | |
| Promoter Holding | 100.00% | 73.00% |
| Market Cap | ₹54.50 Cr. |
The Arihant Academy IPO is subscribed 235.87 times on December 21, 2022 7:00:00 PM (Day 4). The public issue subscribed 228.85 times in the retail category, [.] times in the QIB category, and 242.89 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 242.89 | 7,76,000 | 18,84,81,600 |
| Retail | 228.85 | 7,76,000 | 17,75,88,800 |
| Total | 235.87 | 15,52,000 | 36,60,70,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.19 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrar to the issue | 0.02 |
| 4 | Legal Advisors | 0.00 |
| 5 | Advertising and marketing expenses | 0.60 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.01 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹120.10 |
| Low | ₹120.10 |
| High | ₹126.10 |
| Last Trade | ₹126.10 |
Lead Manager Reports
Arihant Academy IPO is a SME IPO of 16,35,200 equity shares of the face value of ₹10 aggregating up to ₹15 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on Fri, Dec 16, 2022, and closes on Wed, Dec 21, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Arihant Academy IPO using UPI as a payment gateway. Zerodha customers can apply in Arihant Academy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arihant Academy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arihant Academy IPO opens on Fri, Dec 16, 2022 and closes on Wed, Dec 21, 2022.
Arihant Academy IPO lot size is 1600, and the minimum amount required for application is ₹1,44,000.
You can apply in Arihant Academy 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 Arihant Academy IPO will be done on Monday, December 26, 2022, and the allotted shares will be credited to your demat account by Wed, Dec 28, 2022. Check the Arihant Academy IPO allotment status.
The Arihant Academy IPO listing date is on Thu, Dec 29, 2022.
