Arihant Academy Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

16 Dec 2022

Close Date

21 Dec 2022

Allotment

26 Dec 2022

Listing Date

29 Dec 2022

Exchange

NSE SME

Price Band

₹90

Listing Price

See chart

Allotment Status

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Price Band

₹90

Per share

Face Value

₹10 per share

Lot Size

1,600 Shares

per lot

Issue Size

16,35,200 shares (aggregating up to ₹14.72 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹144,000

1 lot

Pre-IPO Holding

44,20,000 shares

Promoters

Post-IPO Holding

60,55,200 shares

Promoters

P/E (Pre)

19.11x

UPI Deadline

2022-12-21

Mandate

Anchor AllotmentThu, 15 Dec 2022

Basis of AllotmentMon, 26 Dec 2022

Refund InitiationTue, 27 Dec 2022

Demat CreditWed, 28 Dec 2022

Listing DayThu, 29 Dec 2022

UPI Mandate Deadline2022-12-21

Sale TypeFresh Capital

Net Offer to Public15,52,000 shares (aggregating up to ₹13.97 Cr)

Market Maker Quota83,200 shares (aggregating up to ₹0.7488 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Arihant Academy Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 21 Dec 2022.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	83,200	—	₹0.75
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,635,200	100%	₹14.72

IPO Shares Offered

Arihant Academy Ltd. IPO total issue size: ₹14.72 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	83,200	₹0.75	5.09%
Total	1,635,200	₹14.72	100.00%

* Based on upper price band ₹90 per share

Lot Size & Investment

Lot Size

1,600

Shares per Lot

Issue Price

₹90.00

Upper Band

Min Investment

₹144,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	3,200	₹288,000
Retail (Max — 13 Lots)	13	20,800	₹1,872,000
S-HNI (Min — 14 Lots)	14	22,400	₹2,016,000
B-HNI (Min — 68 Lots)	68	108,800	₹9,792,000

* Issue Price ₹90 × Lot Size 1,600 shares

IPO Schedule

Anchor

15 Dec 2022

✓ Done

IPO Open

16 Dec 2022

✓ Done

IPO Close

21 Dec 2022

✓ Done

Allotment

26 Dec 2022

✓ Done

Refunds

27 Dec 2022

✓ Done

Demat Credit

28 Dec 2022

✓ Done

Listing Day

29 Dec 2022

✓ Done

₹90.00

INR · NSE

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Issue ₹90.00 Live Price

About Arihant Academy Ltd.

Incorporated in 2007, Arihant Academy Limited is engaged in providing coaching services and parallel educational support verticals. The company offers services in the western suburbs of Mumbai, Maharashtra for Class 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".The company 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 centres.Competitive Strengths:Hybrid Model of Coaching.Experienced Management Team.Qualified Pool of Faculty.Professional & Organizational Development.Result-oriented methods of coaching.

Objects of the Issue

1 Funding working capital requirements; and

2 General corporate purposes

Arihant Academy Ltd. Financials (Amount in Lakhs)

Revenue from Operations

₹1,532.0

31-Mar-22

₹1,409.8

31-Mar-21

₹1,921.1

31-Mar-20

Profit After Tax (PAT)

₹201.9

31-Mar-22

₹112.6

31-Mar-21

₹42.1

31-Mar-20

Particulars	31-Mar-20	31-Mar-21	31-Mar-22
Revenue from Operations	1921.12	1409.77	1531.97
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	42.09	112.56	201.86
Net Worth	177.17	289.73	491.59
Total Assets	814.30	829.09	1104.26
Reserves & Surplus	177.17	289.73	491.59
Borrowings	89.38	48.98	127.60
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

Issue Structure & Shareholding

Total Shares Offered16,35,200 (100.00%)

Net Offer to Public15,52,000 shares (aggregating up to ₹13.97 Cr)

Reserved for Market Maker83,200 shares (aggregating up to ₹0.7488 Cr)

Pre-Issue Promoter Holding44,20,000 shares

Post-Issue Promoter Holding60,55,200 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Bigshare Services Pvt.Ltd.

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/IPO_Status.html

Check Allotment

Book Running Lead Managers

Shreni Shares Ltd.

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Arihant Academy Ltd. IPO subscribed? ▲

Arihant Academy Ltd. IPO is subscribed 1.00 times by Dec 21, 2022. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Arihant Academy Ltd. IPO retail subscription status? ▼

The Arihant Academy Ltd. IPO retail category is subscribed 1.00 times as of 21 Dec 2022. The retail portion is oversubscribed.

How to subscribe Arihant Academy Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 Dec 2022 and closes 21 Dec 2022. Min investment: ₹144,000 (1 lot = 1,600 shares). UPI mandate: 2022-12-21.

How many times Arihant Academy Ltd. IPO subscribed? ▼

The Arihant Academy Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Arihant Academy Ltd. IPO allotment? ▼

Check allotment on the registrar website (Bigshare Services Pvt.Ltd.) at https://ipo.bigshareonline.com/IPO_Status.html. Enter your PAN, application number or DP/Client ID. Allotment date: 26 Dec 2022. Refunds: on 27 Dec 2022.

When Arihant Academy Ltd. IPO will be listed? ▼

The Arihant Academy Ltd. IPO listing date is 29 Dec 2022, Thursday. Listed on: NSE SME. Issue price: ₹90. Estimated listing: ₹90. GMP: NIL.

When Arihant Academy Ltd. IPO close? ▼

The Arihant Academy Ltd. IPO closes on 21 Dec 2022, Wednesday. UPI mandate: 2022-12-21. Allotment: 26 Dec 2022. Listing: 29 Dec 2022.

Quick Actions

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Live Price LIVE

Last Price₹90.00

Change—

Issue Price₹90.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹90

Face Value₹10

Lot Size1,600 Sh

Min. Amount₹144,000

GMPNIL

Est. Listing₹90

Subscribed1.00x

Open Date16 Dec 2022

Close Date21 Dec 2022

Allotment26 Dec 2022

Listing Date29 Dec 2022

ExchangeNSE SME

UPI Deadline2022-12-21