Arihant Academy IPO Basis of Allotment
Arihant Academy Limited was incorporated in 2007 and is currently engaged in providing coaching services and educational support columns. The company provides services in the western suburbs of Mumbai, Maharashtra for Class 8, 9, and 10 for both the State Board and ICSE Board; Class 11 and 12 for the commerce and science section. It also provides tutoring for 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 competitive exams such as CS and CA for the entry-level and second level exam in the commerce Competitive Strengths:
- Hybrid Model of Coaching.
- Experienced Management Team.
- Qualified Pool of Faculty.
- Professional & Organizational Development.
- Result-oriented methods of coaching.
Company Financials
| 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 IPO Details
| IPO Date | Dec 16, 2022 to Dec 21, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹90 per share |
| Lot Size | 1600 Shares |
| Issue Size | 1,635,200 shares of ₹10(aggregating up to ₹14.72 Cr) |
| Fresh Issue | 1,635,200 shares of ₹10(aggregating up to ₹14.72 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Cap (₹ Cr.) | 54.5 |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | SHRENI SHARES PRIVATE LIMITED |
| Company Promoters | Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam are the company promoters. |
Arihant Academy IPO Tentative Timetable
| 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 |
IPO DRHP
Link for DRHP
IPO RHP
Link for RHP
Arihant Academy IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| HNI (Min) | 2 | 3,200 | ₹288,000 |
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: investors@arihantacademy.com
Website: http://www.arihantacademy.com/
Arihant Academy IPO Registrar
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
