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Arrowhead Seperation Engineering IPO is a fixed price issue of ₹13.00 crores. The issue is entirely a fresh issue of 0.06 crore shares of ₹13.00 crore.
Arrowhead Seperation Engineering IPO bidding started from Nov 16, 2023 and ended on Nov 20, 2023. The allotment for Arrowhead Seperation Engineering IPO was finalized on Nov 23, 2023. The shares got listed on BSE SME on Nov 28, 2023.
Arrowhead Seperation Engineering IPO price is ₹233.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,39,800 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,79,600.
Aryaman Financial 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 Aryaman Capital Markets Ltd..
Refer to Arrowhead Seperation Engineering IPO RHP for detailed Information.
| IPO Date | November 16, 2023 to November 20, 2023 |
| Listing Date | November 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹233 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 5,58,000 shares (aggregating up to ₹13.00 Cr) |
| Reserved for Market Maker | 30,000 shares Aryaman Capital Markets Ltd. (aggregating up to ₹0.6990 Cr) |
| Net Offered to Public | 5,28,000 shares (aggregating up to ₹12.30 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 13,13,325 shares |
| Share Holding Post Issue | 18,71,325 shares |
Arrowhead Seperation Engineering IPO offers total 5,58,000 shares. Out of which 2,64,000 (47.31%) allocated to NII, 2,64,000 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 30,000 (5.38%) |
| NII (HNI) Shares Offered | 2,64,000 (47.31%) |
| Retail Shares Offered | 2,64,000 (47.31%) |
| Total Shares Offered | 5,58,000 (100.00%) |
Arrowhead Seperation Engineering IPO opens on November 16, 2023, and closes on November 20, 2023.
| IPO Open Date | Thu, Nov 16, 2023 |
| IPO Close Date | Mon, Nov 20, 2023 |
| Tentative Allotment | Thu, Nov 23, 2023 |
| Initiation of Refunds | Fri, Nov 24, 2023 |
| Credit of Shares to Demat | Tue, Nov 28, 2023 |
| Tentative Listing Date | Tue, Nov 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Nov 20, 2023 |
Investors can bid for a minimum of 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 | 600 | ₹1,39,800 |
| Retail (Max) | 1 | 600 | ₹1,39,800 |
| HNI (Min) | 2 | 1,200 | ₹2,79,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, Arrowhead Seperation Engineering Limited manufactures and designs chemical process equipment such as drying and cooling system equipment. The company's product portfolio includes a Drum Dryer, Rotary Dryer, Flaker System and Zero Liquid Discharge SystemZLD.
The company manufactures drum dryers, belt dryers, air impigment dryers, rotary vacuum dryers, rotary cascade dryers, steam tube dryers, paddle dryers, industrial flaking systems and drum flakers. The company's registered office with manufacturing facility is located in Nashik, Maharashtra. The company use an outsourcing model, a few steps of manufacturing processes are outsourced to third-party service provider on job work basis. The company sell its product in both domestic and international market. As of June 30, 2023, the company's top 5 customers were 96.82% of total revenue from operations and the top 5 suppliers were 48.82% of total purchases.
As of June 30, 2023, the company has 54 payroll employees who facilitate the manufacturing operations.
Arrowhead Seperation Engineering Limited's revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,180.62 | 2,070.53 | 1,832.23 | 1,567.43 |
| Total Income | 881.71 | 2,171.57 | 1,091.73 | 916.63 |
| Profit After Tax | 64.34 | 169.18 | 9.17 | -179.19 |
| Net Worth | 310.41 | 246.07 | 77.26 | 68.09 |
| Reserves and Surplus | 179.08 | 114.74 | -3.56 | -12.73 |
| Total Borrowing | 896.02 | 812.67 | 699.45 | 600.59 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Arrowhead Seperation Engineering IPO is ₹43.60 Cr.
| KPI | Values |
|---|---|
| ROE | 105% |
| ROCE | 30.94% |
| Debt/Equity | 3.30 |
| RoNW | 68.75% |
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects (collectively, referred to herein as the "Objects"):
1. Repayment of Loan from NBFC's;
2. Funding Working capital requirements;
3. General Corporate Purpose;
Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchange including enhancing visibility and the brand image among the existing and potential customers and creating a public market for the Equity Shares in India.
[Dilip Davda] Though the company has shown growth in its top and bottom lines for the reported periods, the issue appears aggressively priced based on its super annualized earnings for FY24. The small paid-up equity capital post-IPO indicates longer gestation for migration to mainboard. There is no harm in skipping this pricey bet. Read detail review...
| Listing Date | November 28, 2023 |
| BSE Script Code | 544025 |
| NSE Symbol | |
| ISIN | INE0PP401015 |
| Final Issue Price | ₹233 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹233.00 |
| Open | ₹250.00 |
| Low | ₹237.50 |
| High | ₹255.00 |
| Last Trade | ₹237.50 |
Arrowhead Seperation Engineering Ltd.
Survey No 39,
Village Mundhegaon, Tal
Igatpuri, Nashik 422403
Igatpuri, Maharashtra
Phone: + 91 84228 2906
Email: info@arrowhead-dryers.co.in
Website: https://www.arrowhead-dryers.com/
Cameo Corporate Services Ltd.
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
Arrowhead Seperation Engineering IPO is a SME IPO of 5,58,000 equity shares of the face value of ₹10 aggregating up to ₹13.00 Crores. The issue is priced at ₹233 per share. The minimum order quantity is 600.
The IPO opens on November 16, 2023, and closes on November 20, 2023.
Cameo Corporate Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Arrowhead Seperation Engineering IPO using UPI as a payment gateway. Zerodha customers can apply in Arrowhead Seperation Engineering IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Arrowhead Seperation Engineering IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Arrowhead Seperation Engineering IPO opens on November 16, 2023 and closes on November 20, 2023.
Arrowhead Seperation Engineering IPO lot size is 600, and the minimum amount required for application is ₹1,39,800.
You can apply in Arrowhead Seperation Engineering 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 Arrowhead Seperation Engineering IPO will be done on Thursday, November 23, 2023, and the allotted shares will be credited to your demat account by Tuesday, November 28, 2023. Check the Arrowhead Seperation Engineering IPO allotment status.
The Arrowhead Seperation Engineering IPO listing date is on Tuesday, November 28, 2023.
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