Arihant Academy Limited IPO (Arihant Academy IPO)
Note: Arihant Academy IPO is an NSE SME IPO. They are going to raise ₹14.72 Crores via IPO. The issue is a price range of Rs.90 per Equity Share. The IPO is to be listed on NSE SME.
The company is incorporated in 2007, Arihant Academy Limited is engaged in providing educational books, coaching services, and parallel educational support verticals. The company offers services in the western suburbs of Mumbai, Maharashtra for Class 7, 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“.
Arihant Academy Limited 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 centers.
Arihant Academy Limited IPO Financial Reports
| 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 | ||||||
Arihant Academy Limited IPO Date & Price Band
| IPO Open: | December 16, 2022 |
| IPO Close: | December 21, 2022 |
| IPO Size: | Approx ₹14.72 Crores |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | Rs.90 per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% |
| QIB Quota: | % |
| NII Quota: | 50% |
Arihant Academy IPO Market Lot
The Arihant Academy IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
Arihant Academy IPO Allotment & Listing Dates
The IPO date is December 16 and the IPO close date is December 21, 2022. The IPO allotment date is December 26 and the Arihant Academy Limited IPO listing is on December 29, 2022.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 16, 2022 |
| Closing Date | Dec 21, 2022 |
| Basis of Allotment | Dec 26, 2022 |
| Initiation of Refunds | Dec 27, 2022 |
| Credit of Shares to Demat | Dec 28, 2022 |
| Listing Date | Dec 29, 2022 |
Arihant Academy Limited IPO Prospectus
What is the official website of Arihant Academy Limited?
Arihant Academy Limited IPO Official Website is http://www.arihantacademy.com/
What is the registered address of Arihant Academy Limited?
Arihant Academy Limited
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai – 400066
Phone: +91 9920781706
Email: investors@arihantacademy.com
Website: http://www.arihantacademy.com/
Arihant Academy Limited IPO Company Promoter
Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam are the company promoters.
Arihant Academy Limited IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Arihant Academy IPO Lead Managers
- SHRENI SHARES PRIVATE LIMITED
What is Arihant Academy IPO?
Arihant Academy Limited IPO is an NSE SME IPO. They are going to raise ₹14.72 Crores via IPO. The issue is a price range of Rs.90 per Equity Share. The IPO is to be listed on NSE SME.
When will Arihant Academy IPO open?
The IPO will open for NII, and Retail Investors on December 16, 2022.
What is Arihant Academy IPO Investors Portion?
The investors’ portion for NII is 50% and Retail is 50%.
What is Arihant Academy IPO Size?
The IPO size is ₹14.72 crores.
What is Arihant Academy IPO Price Band?
The IPO Price range of ₹24.39 per equity share.
What is Arihant Academy IPO Minimum and Maximum Lot Size?
The Arihant Academy IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
What is Arihant Academy IPO Allotment?
The IPO allotment date is December 26, 2022.
What is Arihant Academy IPO Listing?
The IPO listing date is December 29, 2022. The IPO to list on NSE SME.
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