Arihant Academy IPO GMP, Price, Dates & Allotment Details 2022
Arihant Academy IPO opens on December 16 and closes on December 21, 2022. According to the DRHP filed in SEBI, the company is planning to issue 1,635,200 shares of ₹ 10 each, aggregating up to ₹ 14.72 crore through this public issue.
Incorporated in 2007. In addition to offering coaching services, Arihant Academy Limited also works in related educational assistance fields. The business serves students in the western suburbs of Mumbai, Maharashtra, for classes 8, 9, and 10 for both the State Board and the ICSE Board; classes 11 and 12 for the commerce and science sections; science tutoring for entrance exams like JEE (Main), JEE (Advanced), and MHT-CET (State Level); NEET (National Level); and MHT-CET (State Level, Maharashtra); and CS exam preparation.
Objects of the Issue
The company proposes to utilize the Net Proceeds of the Fresh Issue towards funding the following objects:
- Funding working capital requirements.
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| Net Worth | 491.59 | 289.73 | 177.17 |
| Total Assets | 1104.26 | 829.09 | 814.3 |
| Total Revenue | 1531.97 | 1409.77 | 1921.12 |
| Profit After Tax | 201.86 | 112.56 | 42.09 |
| Total Borrowing | 127.6 | 48.98 | 89.38 |
Arihant Academy IPO – Details
According to the DRHP filed in SEBI, the company is planning to issue 1,635,200 shares of ₹ 10 each, aggregating up to ₹ 14.72 crore through this public issue.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 90 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 1600 Shares |
| Issue Size | 1,635,200 shares of ₹ 10 (Aggregating up to ₹14.72 Crore) |
| Fresh Issue | 1,635,200 shares of ₹ 10 (Aggregating up to ₹14.72 Crore) |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retails Shares Offered | 50% of the net offer |
| Listing At | NSE SME |
| Promoters | Mr. Anil Suresh Kapasi Mr. Umesh Anand Pangam |
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GMP Live – Arihant Academy Limited IPO
Arihant Academy IPO GMP or Grey Market Premium are available here. The SME IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for live GMP.
Tentative Dates – Arihant Academy Limited IPO
| Opening Date | December 16, 2022 |
| Closing Date | December 21, 2022 |
| Basis of Allotment | December 26, 2022 |
| Initiation of Refunds | December 27, 2022 |
| Credit of shares to Demat A/c | December 28, 2022 |
| Listing Date | December 29, 2022 |
Lot Size – Arihant Academy Limited IPO
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 1,600 | ₹ 144,000 |
| Retail (Maximum) | 1 | 1,600 | ₹ 144,000 |
| S-HNI (Minimum) | 2 | 3,200 | ₹ 288,000 |
Promoters Holdings – Arihant Academy Limited IPO
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73% |
SWOT Analysis – Arihant Academy Limited IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Hybrid Model of Coaching. 2. Experienced Management Team. 4. Qualified Pool of Faculty. 5. Professional & Organizational Development. 6. Result-oriented methods of coaching. | 1. Revenue fluctuates based on academic cycles and timeliness for entrance examinations, which are seasonal in nature. 2. Coaching institutes are mainly dependent on faculty members and if the institute fails to attract and retain may adversely affect revenue of the company. 3. Group Company has incurred losses during the last three financial years. |
| OPPORTUNITIES | THREATS |
| 1. According to research the Coaching Industry is one of the fastest growing sectors in the world. The India Coaching Federation (ICF) research team expects the market value to reach $25 billion by 2025 with around 7% average annual growth rate from 2022 to 2025. 2. Coaching industry is an evergreen business in which opportunities will only increase with time. With almost 27% of India’s population in the age group of 0-14 years, India’s education sector provides numerous opportunities for growth. | 1. Changes in technologies. 2. Strong competitions from other institutes. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Arihant Academy Limited Ground Floor, Triveni Sadan, Opp Ambe Mata Temple, Carter Road No. 3,Borivali (East), Mumbai – 400066 Phone: +91 9920781706 Email: [email protected] Website: http://www.arihantacademy.com/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | SHRENI SHARES PRIVATE LIMITED |
FAQ’s
What will be the Arihant Academy IPO lot size?
One lot of Arihant Academy IPO contains 1,600 shares.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Arihant Academy IPO allotment be available?
The finalization of Basis of Allotment for Arihant Academy IPO will be done on December 26, 2022, and the allotted shares will be credited to your demat account by December 28, 2022. Check the Arihant Academy IPO allotment status.
When will Arihant Academy IPO list on exchanges?
The Arihant Academy IPO shares listing date is December 29, 2022.
How many shares in Arihant Academy IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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