Fixed Price IPO | ₹13 Cr | Listed at BSE SME | Thu, Nov 16, 2023 - Mon, Nov 20, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Nov 16, 2023
IPO Close
Mon, Nov 20, 2023
Issue Price
₹233 per share
Market Cap (Pre-IPO)
₹43.60 Cr
| IPO Date | 16 to 20 Nov, 2023 |
| Listed on | Tue, Nov 28, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹233 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 5,58,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 30,000 shares Aryaman Capital Markets Ltd. (agg. up to ₹0.6990 Cr) |
| Fresh Issue (Ex Market Maker) | 5,28,000 shares (agg. up to ₹12 Cr) |
| Net Offered to Public | 5,28,000 shares (agg. up to ₹12 Cr) |
| Share Holding Pre Issue | 13,13,325 shares |
| Share Holding Post Issue | 18,71,325 shares |
| BSE Script Code | 544025 |
| ISIN | INE0PP401015 |
Arrowhead Seperation Engineering IPO comprises a total issue size of 5,58,000 shares. The net offer to the public is 5,28,000 shares, after excluding 30,000 shares allotted on a firm basis. Of the Net offer 2,64,000 (50.00%) allocated to NII 2,64,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 2,64,000 | 50.00% | 47.31% |
| Retail Shares Offered | 2,64,000 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 30,000 | 5.38% | |
| Total Shares Offered | 5,58,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 21.81 | 20.71 | 18.32 | 15.67 |
| Total Income | 8.82 | 21.72 | 10.92 | 9.17 |
| Profit After Tax | 0.64 | 1.69 | 0.09 | -1.79 |
| NET Worth | 3.10 | 2.46 | 0.77 | 0.68 |
| Reserves and Surplus | 1.79 | 1.15 | -0.04 | -0.13 |
| Total Borrowing | 8.96 | 8.13 | 6.99 | 6.01 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loan from NBFC’s; | 2.00 |
| 2 | Funding Working capital requirements | 6.50 |
| 3 | General Corporate Purpose | 3.20 |
| KPI | |
|---|---|
| ROE | 105% |
| ROCE | 30.94% |
| Debt/Equity | 3.30 |
| RoNW | 68.75% |
| PAT Margin | 8.00% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 12.88 | |
| P/E (x) | 18.09 | 16.95 |
| Promoter Holding | 50% | 35.09% |
| Market Cap | ₹43.60 Cr. |
The Arrowhead Seperation Engineering IPO is subscribed 94.79 times on November 20, 2023 7:02:00 PM (Day 3). The public issue subscribed 142.3 times in the retail category, [.] times in the QIB category, and 46.02 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 46.02 | 2,64,000 | 1,21,49,400 |
| Retail | 142.3 | 2,64,000 | 3,75,66,600 |
| Total | 94.79 | 5,28,000 | 5,00,51,400 |
Total Application : 69,474
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.58 |
| 2 | Brokerage and selling commission | 0.61 |
| 3 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 4 | Advertisement and Marketing Expenses | 0.02 |
| 5 | Stock Exchange Fees, Regulatory and other Expenses | 0.09 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹233.00 |
| Open | ₹250.00 |
| Low | ₹237.50 |
| High | ₹255.00 |
| Last Trade | ₹237.50 |
Lead Manager Reports
Arrowhead Seperation Engineering IPO is a SME IPO of 5,58,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹233 per share. The minimum order quantity is 600.
The IPO opens on Thu, Nov 16, 2023, and closes on Mon, Nov 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 Thu, Nov 16, 2023 and closes on Mon, Nov 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 Tue, Nov 28, 2023. Check the Arrowhead Seperation Engineering IPO allotment status.
The Arrowhead Seperation Engineering IPO listing date is on Tue, Nov 28, 2023.
