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Arihant Institute IPO is a fixed price issue of Rs 7.50 crores.
Arihant Institute IPO bidding started from May 23, 2018 and ended on May 28, 2018. The shares got listed on BSE SME on June 5, 2018.
Arihant Institute IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Monarch Networth Capital Ltd is the book running lead manager of the Arihant Institute IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Arihant Institute IPO RHP for detailed information.
| IPO Date | May 23, 2018 to May 28, 2018 |
| Listing Date | June 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹7.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 6,905,006 |
| Share holding post issue | 9,405,006 |
| Market Maker portion | 132,000 shares |
Arihant Institute IPO offers 2,500,000 shares. 1,184,000 (47.36%) to NII, 1,184,000 (47.36%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 132,000 (5.28%) |
| Other Shares Offered | 1,184,000 (47.36%) |
| Retail Shares Offered | 1,184,000 (47.36%) | Other Shares Offered | 132,000 (5.28%) |
| Total Shares Offered | 2,500,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
Incorporated in the year 2007, Gujarat based Arihant Institute Limited is a company engaged in providing coaching & educational guidance for students appearing for professional courses - Chartered Accountant, Company Secretary, and CMA. It provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result.
The Company operates the educational program and coaching under the Brand Name ?Arihant Institute since inception. With dedicated professors and trained staff, it has given education to more than 10000 students appeared for professional & Graduates exam. The company's student strength has improved and with dedicated efforts of the promoters, from the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.
Arihant premises spread over 9,500 sq. feet which include 8 air-conditioned classrooms, well-equipped library, canteen, staff room, 2 studios, backup lab, conference room and large administrative blocks. The company has 23 employees on its payroll.
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 586.93 | 575.03 | 729.55 | 666.60 | 597.24 | |
| Total Revenue | 169.20 | 864.20 | 385.50 | 609.96 | 864.20 | |
| Profit After Tax | 112.74 | (14.45) | 3.79 | (146.26) | 16.48 | |
The Objects of the Issue are-
1.Training Centre Expansion
2.Technical Infrastructure -Servers & Studio, Portal and Content
Development
4.Branding and Marketing
5.Corporate Office Restructuring
6.General corporate purpose
7.IPO related expense
[Dilip Davda]
There is no harm in giving this exorbitantly priced, negative networth and erratically performing company issue a miss.
The Arihant Institute IPO is subscribed 2.20 times on May 28, 2018 5:00:00 PM. The public issue subscribed 3.71 times in the retail category, times in the QIB category, and 0.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.69 |
| Retail | 3.71 |
| Total | 2.20 |
| Listing Date | June 5, 2018 |
| BSE Script Code | 541401 |
| NSE Symbol | |
| ISIN | INE997Z01016 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹30.00 |
| ₹29.95 |
| ₹28.75 |
| ₹30.05 |
| ₹29.25 |
Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad - 380 013
Phone: 079- 27683113
Email: cs@arihantinstitute.com
Website: http://www.arihantinstitute.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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Arihant Institute IPO is a SME IPO of 2,500,000 equity shares of the face value of ₹10 aggregating up to ₹7.50 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on May 23, 2018, and closes on May 28, 2018.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
The Arihant Institute IPO opens on May 23, 2018 and closes on May 28, 2018.
Arihant Institute IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Arihant Institute IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Arihant Institute IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Arihant Institute IPO allotment status.
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