Fixed Price IPO | ₹8 Cr | Listed at BSE SME | Wed, May 23, 2018 - Mon, May 28, 2018
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, May 23, 2018
IPO Close
Mon, May 28, 2018
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹28.22 Cr
| IPO Date | 23 to 28 May, 2018 |
| Listed on | Tue, Jun 5, 2018 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 25,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,32,000 shares Monarch Networth Capital Ltd. (agg. up to ₹0.3960 Cr) |
| Fresh Issue (Ex Market Maker) | 23,68,000 shares (agg. up to ₹7 Cr) |
| Net Offered to Public | 23,68,000 shares (agg. up to ₹7 Cr) |
| Share Holding Pre Issue | 69,05,006 shares |
| Share Holding Post Issue | 94,05,006 shares |
| BSE Script Code | 541401 |
| ISIN | INE997Z01016 |
Arihant Institute IPO comprises a total issue size of 25,00,000 shares. The net offer to the public is 23,68,000 shares, after excluding 1,32,000 shares allotted on a firm basis. Of the Net offer 11,84,000 (50.00%) allocated to NII 11,84,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,84,000 | 50.00% | 47.36% |
| Retail Shares Offered | 11,84,000 | 50.00% | 47.36% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,32,000 | 5.28% | |
| Total Shares Offered | 25,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Arihant Institute IPO is subscribed 2.2 times on May 28, 2018 5:00:00 PM (Day 4). The public issue subscribed 3.71 times in the retail category, [.] times in the QIB category, and 0.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.69 | 11,84,000 | 8,16,000 |
| Retail | 3.71 | 11,84,000 | 43,88,000 |
| Total | 2.2 | 23,68,000 | 52,04,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue management fees including fees and reimbursements of Market Making fees, selling commissions, brokerages. | 0.30 |
| 2 | Printing & Stationery, Distribution, Postage, etc | 0.02 |
| 3 | Advertisement & Marketing Expenses | 0.02 |
| 4 | Regulatory expenses and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses. | 0.04 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹29.95 |
| Low | ₹28.75 |
| High | ₹30.05 |
| Last Trade | ₹29.25 |
Lead Manager Reports
Arihant Institute IPO is a SME IPO of 25,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Wed, May 23, 2018, and closes on Mon, 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 Wed, May 23, 2018 and closes on Mon, 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 Tue, Jun 5, 2018.
