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SME IPO Status: Listed [16th Dec 2022 to 21st Dec 2022]
Arihant Academy Limited offers issue size of Rs 14.72 Cr including Fresh Issue size of 1,635,200 equity Shares. Opening for subscription from 16 Dec to 21 Dec 2022. . The offer price of per share is Rs 90 for each share and Minimum Bid Lot size is 1600 Shares. Face value of each share is Rs 10.
Stay updated with us to know more about the Arihant Academy Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 16th Dec 2022 |
| SME IPO Issue Closing Date: | 21st Dec 2022 |
| SME IPO Issue Price: | ₹90 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 50% of the net offer |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹14.72Cr |
| Fresh Issue: | ₹14.72Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 100.00% |
| Promoter Holding Post IPO: | 73.00% |
| Allotment Status: | Allotment Status |
| NSE Code: | AAL |
Get important updates regarding Arihant Academy SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 26th Dec 2022 |
| Refunds Initiation* | 27th Dec 2022 |
| Credit of Shares to Demat* | 28th Dec 2022 |
| SME IPO Listing Date* | 29th Dec 2022 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹90 |
| Market Lot: | 1600 Shares |
| 1 Lot Amount: | ₹144000 |
| Min HNI Lots: | 3200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 29-12-2022 | 90 | 38 | 38000 | ₹128 (42.22%) | 29-Dec-2022 8:50 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
The Arihant Academy Ltd was incorporated in 2007. It is Mumbai's premier coaching institute for SSC, ICSE, Science & Commerce transforming students via our child-centric, service-oriented focus on results. This Company is engaged in providing coaching services and parallel educational support vertical 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 commerce and science section; tutoring students in 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 entry level and second level exam, in the commerce section.
The academy offers hybrid model of teaching services through classroom-based coaching under traditional Chalk & Talk concept and digital and distance learning, which supplement its classroom courses and allow students to engage in self-paced learning.
| Incorporation | Sector | IPO Issue Size | Website |
| 2007 | Educational | ₹14.72Cr | http://www.arihantacademy.com/ |
The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 388,000 (50%) | 388,000 (50%) | 776,000 | |
| 1 | 16th Dec 2022 17:02 | 1.52x | 3.21x | 2.36x |
| 2 | 19th Dec 2022 17:02 | 3.79x | 21.40x | 12.59x |
| 3 | 20th Dec 2022 17:02 | 11.91x | 60.45x | 36.18x |
| 4 | 21st Dec 2022 19:02 | 242.89x | 228.85x | 235.87x |
| 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 | ||||||
Last Updated on 30-Dec-2022 10:01:01
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Arihant Academy SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Arihant Academy SME IPO with Zerodha.
Alternate approch to apply in Arihant Academy SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Arihant Academy SME IPO Review and Important Updates
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To subscribe or apply in Arihant Academy SME IPO, you can use the following methods:
| Arihant Academy SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Arihant Academy SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Arihant Academy SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Arihant Academy SME IPO. Most of the Syndicate Banks provide access to apply in Arihant Academy IPO via ASBA process. You must have your net banking access, DP ID information to apply in Arihant Academy SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Arihant Academy SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Arihant Academy SME IPO Review and Important Updates
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Arihant Academy SME IPO is going to be list on 29-12-2022. NSE Code for Arihant Academy is AAL.
Other relevant questions:
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Arihant Academy SME IPO Allotment Date is 26-12-2022.
Other relevant questions:
Arihant Academy SME IPO share allotment date?Arihant Academy SME IPO allotment date?
