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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 ₹90.00 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). The minimum lot size investment for 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 Date | December 16, 2022 to December 21, 2022 |
| Listing Date | December 29, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹90 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 16,35,200 shares (aggregating up to ₹14.72 Cr) |
| Reserved for Market Maker | 83,200 shares Shreni Shares Ltd. (aggregating up to ₹0.7488 Cr) |
| Net Offered to Public | 15,52,000 shares (aggregating up to ₹13.97 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 44,20,000 shares |
| Share Holding Post Issue | 60,55,200 shares |
Arihant Academy IPO offers total 16,35,200 shares. Out of which 7,76,000 (47.46%) allocated to NII, 7,76,000 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 83,200 (5.09%) |
| NII (HNI) Shares Offered | 7,76,000 (47.46%) |
| Retail Shares Offered | 7,76,000 (47.46%) |
| Total Shares Offered | 16,35,200 (100.00%) |
Arihant Academy IPO opens on December 16, 2022, and closes on December 21, 2022.
| IPO Open Date | Fri, Dec 16, 2022 |
| IPO Close Date | Wed, Dec 21, 2022 |
| Tentative Allotment | Mon, Dec 26, 2022 |
| Initiation of Refunds | Tue, Dec 27, 2022 |
| Credit of Shares to Demat | Wed, Dec 28, 2022 |
| Tentative Listing Date | Thu, Dec 29, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Dec 21, 2022 |
Investors can bid for a minimum of 1,600 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 | 1,600 | ₹1,44,000 |
| Retail (Max) | 1 | 1,600 | ₹1,44,000 |
| HNI (Min) | 2 | 3,200 | ₹2,88,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 814.3 | 1921.12 | 42.09 | 177.17 | 177.17 | 89.38 |
| 31-Mar-21 | 829.09 | 1409.77 | 112.56 | 289.73 | 289.73 | 48.98 |
| 31-Mar-22 | 1104.26 | 1531.97 | 201.86 | 491.59 | 491.59 | 127.6 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Arihant Academy IPO is ₹54.50 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 19.11 |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Based on its financial performance, the issue appears fully priced. The sustainability of margins reported for the last 18 months raises concern. Well-informed, cash surplus risk seekers may consider an investment with a long-term perspective. Read detail review...
| Listing Date | December 29, 2022 |
| BSE Script Code | |
| NSE Symbol | ARIHANTACA |
| ISIN | INE0NCC01015 |
| Final Issue Price | ₹90 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹90.00 |
| Open | ₹120.10 |
| Low | ₹120.10 |
| High | ₹126.10 |
| Last Trade | ₹126.10 |
Arihant Academy Ltd.
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East),
Mumbai, Maharashtra, 400066
Phone: +91 9920781706
Email: investors@arihantacademy.com
Website: http://www.arihantacademy.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Arihant Academy IPO is a SME IPO of 16,35,200 equity shares of the face value of ₹10 aggregating up to ₹14.72 Crores. The issue is priced at ₹90 per share. The minimum order quantity is 1600.
The IPO opens on December 16, 2022, and closes on December 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 December 16, 2022 and closes on December 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 Wednesday, December 28, 2022. Check the Arihant Academy IPO allotment status.
The Arihant Academy IPO listing date is on Thursday, December 29, 2022.
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