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Arihant Academy IPO GMP, Price, Dates & Allotment Details 2022

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:

  1. Funding working capital requirements.
  2. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2021-22FY 2020-21FY 2019-20
Net Worth491.59289.73177.17
Total Assets1104.26829.09814.3
Total Revenue1531.971409.771921.12
Profit After Tax201.86112.5642.09
Total Borrowing127.648.9889.38
(Amount in ₹ Lakhs )

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 TypeFixed Price Issue IPO
IPO Price₹ 90 per share
Face Value₹ 10 per share
Market Lot1600 Shares
Issue Size1,635,200 shares of ₹ 10 (Aggregating up to ₹14.72 Crore)
Fresh Issue1,635,200 shares of ₹ 10 (Aggregating up to ₹14.72 Crore)
NII (HNI) Shares Offered50% of the net offer
Retails Shares Offered50% of the net offer
Listing AtNSE SME
PromotersMr. 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 DateDecember 16, 2022
Closing DateDecember 21, 2022
Basis of AllotmentDecember 26, 2022
Initiation of RefundsDecember 27, 2022
Credit of shares to Demat A/cDecember 28, 2022
Listing DateDecember 29, 2022

Lot Size – Arihant Academy Limited IPO

ApplicationsLotsSharesAmount 
Retail (Minimum)11,600₹ 144,000
Retail (Maximum)11,600₹ 144,000
S-HNI (Minimum)23,200₹ 288,000

Promoters Holdings – Arihant Academy Limited IPO

Pre-issue Shares Holdings100%
Post-issue Shares Holdings73%

SWOT Analysis – Arihant Academy Limited IPO

STRENGTHSWEAKNESSES
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 InformationArihant 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 RegistrarBigshare 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

One lot of Arihant Academy IPO contains 1,600 shares.

The minimum investment size is one lot for retail investors.

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.

The Arihant Academy IPO shares listing date is December 29, 2022.

The investors’ portion for NII (HNI) – 50%, and Retail – 50%.

Click here for more FAQs.

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