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Arihant Institute IPO is a fixed price issue of ₹7.50 crores. The issue is entirely a fresh issue of 0.25 crore shares of ₹7.50 crore.
Arihant Institute IPO bidding started from May 23, 2018 and ended on May 28, 2018. The shares got listed on BSE SME on Jun 5, 2018.
Arihant Institute IPO price is ₹30.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Monarch Networth Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The market maker of the company is Monarch Networth Capital Ltd..
Refer to Arihant Institute IPO RHP for detailed Information.
| IPO Date | May 23, 2018 to May 28, 2018 |
| Listing Date | June 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 25,00,000 shares (aggregating up to ₹7.50 Cr) |
| Reserved for Market Maker | 1,32,000 shares Monarch Networth Capital Ltd. (aggregating up to ₹0.3960 Cr) |
| Net Offered to Public | 23,68,000 shares (aggregating up to ₹7.10 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 69,05,006 shares |
| Share Holding Post Issue | 94,05,006 shares |
Arihant Institute IPO offers total 25,00,000 shares. Out of which 11,84,000 (47.36%) allocated to NII, 11,84,000 (47.36%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,32,000 (5.28%) |
| NII (HNI) Shares Offered | 11,84,000 (47.36%) |
| Retail Shares Offered | 11,84,000 (47.36%) |
| Total Shares Offered | 25,00,000 (100.00%) |
Arihant Institute IPO opens on May 23, 2018, and closes on May 28, 2018.
| IPO Open Date | Wed, May 23, 2018 |
| IPO Close Date | Mon, May 28, 2018 |
| Tentative Listing Date | Tue, Jun 5, 2018 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, May 28, 2018 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in the year 2007, Gujarat based Arihant Institute Limited is a company engaged in providing coaching & educational guidance for students appearing for professional courses - Chartered Accountant, Company Secretary, and CMA. It provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result.
The Company operates the educational program and coaching under the Brand Name ?Arihant Institute since inception. With dedicated professors and trained staff, it has given education to more than 10000 students appeared for professional & Graduates exam. The company's student strength has improved and with dedicated efforts of the promoters, from the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.
Arihant premises spread over 9,500 sq. feet which include 8 air-conditioned classrooms, well-equipped library, canteen, staff room, 2 studios, backup lab, conference room and large administrative blocks. The company has 23 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 586.93 | 575.03 | 729.55 | 666.60 | 597.24 | |
| Total Revenue | 169.20 | 864.20 | 385.50 | 609.96 | 864.20 | |
| Profit After Tax | 112.74 | (14.45) | 3.79 | (146.26) | 16.48 | |
The Company Arihant Institute 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 | Training Centre Expansion | 0.42 |
| 2 | Technical Infrastructure-Servers, Studio & Content | 0.12 |
| 3 | Corporate Office – Furniture & Equipments | 0.48 |
| 4 | Branding & Marketing | 0.72 |
| 5 | General Corporate Purpose | 0.58 |
[Dilip Davda] <p><br />There is no harm in giving this exorbitantly priced, negative networth and erratically performing company issue a miss.</p> Read detail review...
| Listing Date | June 5, 2018 |
| BSE Script Code | 541401 |
| NSE Symbol | |
| ISIN | INE997Z01016 |
| Final Issue Price | ₹30 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.95 |
| Low | ₹28.75 |
| High | ₹30.05 |
| Last Trade | ₹29.25 |
Arihant Institute Ltd.
2, Navinpark Society
Sardar Patel Colony Road
Naranpura
Ahmedabad, Gujarat, 380013
Phone: 079- 27683113
Email: cs@arihantinstitute.com
Website: http://www.arihantinstitute.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://ipostatus.kfintech.com/
Arihant Institute IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹7.50 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on May 23, 2018, and closes on May 28, 2018.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Arihant Institute IPO using UPI as a payment gateway. Zerodha customers can apply in Arihant Institute IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arihant Institute IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arihant Institute IPO opens on May 23, 2018 and closes on May 28, 2018.
Arihant Institute IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Arihant Institute 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 Institute IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Arihant Institute IPO allotment status.
The Arihant Institute IPO listing date is on Tuesday, June 5, 2018.
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