Arrowhead Seperation Engineering Ltd. IPO — GMP, Details & Subscription

IPO Details

Open Date

16 Nov 2023

Close Date

20 Nov 2023

Allotment

23 Nov 2023

Listing Date

28 Nov 2023

Exchange

BSE SME

Price Band

₹233

Listing Price

See chart

Allotment Status

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Price Band

₹233

Per share

Face Value

₹10 per share

Lot Size

600 Shares

per lot

Issue Size

5,58,000 shares (aggregating up to ₹13.00 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹139,800

1 lot

Pre-IPO Holding

13,13,325 shares

Promoters

Post-IPO Holding

18,71,325 shares

Promoters

P/E (Pre)

18.09x

P/E (Post)

16.95x

EPS (Pre)

₹12.88

UPI Deadline

2023-11-20

Mandate

Anchor AllotmentWed, 15 Nov 2023

Basis of AllotmentThu, 23 Nov 2023

Refund InitiationFri, 24 Nov 2023

Demat CreditTue, 28 Nov 2023

Listing DayTue, 28 Nov 2023

UPI Mandate Deadline2023-11-20

Sale TypeFresh Capital

Net Offer to Public5,28,000 shares (aggregating up to ₹12.30 Cr)

Market Maker Quota30,000 shares (aggregating up to ₹0.6990 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Arrowhead Seperation Engineering Ltd. IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 20 Nov 2023.

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	30,000	—	₹0.70
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	558,000	100%	₹13.00

IPO Shares Offered

Arrowhead Seperation Engineering Ltd. IPO total issue size: ₹13.00 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	30,000	₹0.70	5.38%
Total	558,000	₹13.00	100.00%

* Based on upper price band ₹233 per share

Lot Size & Investment

Lot Size

600

Shares per Lot

Issue Price

₹233.00

Upper Band

Min Investment

₹139,800

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,200	₹279,600
Retail (Max — 13 Lots)	13	7,800	₹1,817,400
S-HNI (Min — 14 Lots)	14	8,400	₹1,957,200
B-HNI (Min — 68 Lots)	68	40,800	₹9,506,400

* Issue Price ₹233 × Lot Size 600 shares

IPO Schedule

Anchor

15 Nov 2023

✓ Done

IPO Open

16 Nov 2023

✓ Done

IPO Close

20 Nov 2023

✓ Done

Allotment

23 Nov 2023

✓ Done

Refunds

24 Nov 2023

✓ Done

Demat Credit

28 Nov 2023

✓ Done

Listing Day

28 Nov 2023

✓ Done

₹233.00

INR · BSE

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Issue ₹233.00 Live Price

About Arrowhead Seperation Engineering Ltd.

Incorporated in 1991, Arrowhead Seperation Engineering Limited manufactures and designs chemical process equipment such as drying and cooling system equipment. The company's product portfolio includes a Drum Dryer, Rotary Dryer, Flaker System and Zero Liquid Discharge SystemZLD.The company manufactures drum dryers, belt dryers, air impigment dryers, rotary vacuum dryers, rotary cascade dryers, steam tube dryers, paddle dryers, industrial flaking systems and drum flakers. The company's registered office with manufacturing facility is located in Nashik, Maharashtra. The company use an outsourcing model, a few steps of manufacturing processes are outsourced to third-party service provider on job work basis. The company sell its product in both domestic and international market. As of June 30, 2023, the company's top 5 customers were 96.82% of total revenue from operations and the top 5 suppliers were 48.82% of total purchases.As of June 30, 2023, the company has 54 payroll employees who facilitate the manufacturing operations.

Objects of the Issue

. Repayment of Loan from NBFC's;

Funding Working capital requirements;

General Corporate Purpose;

Arrowhead Seperation Engineering Ltd. Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹1,091.7

31 Mar 2022

₹2,171.6

31 Mar 2023

₹881.7

30 Jun 2023

Profit After Tax (PAT)

₹9.2

31 Mar 2022

₹169.2

31 Mar 2023

₹64.3

30 Jun 2023

Particulars	30 Jun 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	881.71	2171.57	1091.73
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	64.34	169.18	9.17
Net Worth	310.41	246.07	77.26
Total Assets	2180.62	2070.53	1832.23
Reserves & Surplus	179.08	114.74	-3.56
Borrowings	896.02	812.67	699.45
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

105%

RoCE

30.94%

RoNW

68.75%

Debt/Equity

3.30

Issue Structure & Shareholding

Total Shares Offered5,58,000 (100.00%)

Net Offer to Public5,28,000 shares (aggregating up to ₹12.30 Cr)

Reserved for Market Maker30,000 shares (aggregating up to ₹0.6990 Cr)

Pre-Issue Promoter Holding13,13,325 shares

Post-Issue Promoter Holding18,71,325 shares

P/BV RatioN/A

RoE105%

RoCE30.94%

Debt / Equity3.30

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Cameo Corporate Services Ltd

+91-44-28460390

priya@cameoindia.com

https://ipo.cameoindia.com/

Check Allotment

Book Running Lead Managers

Aryaman Financial Services Ltd.

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

IPO Subscription FAQs

How much Arrowhead Seperation Engineering Ltd. IPO subscribed? ▲

Arrowhead Seperation Engineering Ltd. IPO is subscribed 1.00 times by Nov 20, 2023. 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 Arrowhead Seperation Engineering Ltd. IPO retail subscription status? ▼

The Arrowhead Seperation Engineering Ltd. IPO retail category is subscribed 1.00 times as of 20 Nov 2023. The retail portion is oversubscribed.

How to subscribe Arrowhead Seperation Engineering Ltd. IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 16 Nov 2023 and closes 20 Nov 2023. Min investment: ₹139,800 (1 lot = 600 shares). UPI mandate: 2023-11-20.

How many times Arrowhead Seperation Engineering Ltd. IPO subscribed? ▼

The Arrowhead Seperation Engineering Ltd. IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Arrowhead Seperation Engineering Ltd. IPO allotment? ▼

Check allotment on the registrar website (Cameo Corporate Services Ltd) at https://ipo.cameoindia.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 23 Nov 2023. Refunds: on 24 Nov 2023.

When Arrowhead Seperation Engineering Ltd. IPO will be listed? ▼

The Arrowhead Seperation Engineering Ltd. IPO listing date is 28 Nov 2023, Tuesday. Listed on: BSE SME. Issue price: ₹233. Estimated listing: ₹233. GMP: NIL.

When Arrowhead Seperation Engineering Ltd. IPO close? ▼

The Arrowhead Seperation Engineering Ltd. IPO closes on 20 Nov 2023, Monday. UPI mandate: 2023-11-20. Allotment: 23 Nov 2023. Listing: 28 Nov 2023.

Quick Actions

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Live Price LIVE

Last Price₹233.00

Change—

Issue Price₹233.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹233

Face Value₹10

Lot Size600 Sh

Min. Amount₹139,800

GMPNIL

Est. Listing₹233

Subscribed1.00x

Open Date16 Nov 2023

Close Date20 Nov 2023

Allotment23 Nov 2023

Listing Date28 Nov 2023

ExchangeBSE SME

UPI Deadline2023-11-20