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SME IPO Status: Listed [16th Nov 2023 to 20th Nov 2023]
Arrowhead Seperation Engineering Limited is bringing its SME IPO at BSE Emerge. This company is issuing 100% fresh issues worth Rs 13 Cr. You can apply in this SME IPO application from 16 Nov to 20 Nov 2023. The face value of each share is Rs 10. To apply in this IPO application you have to buy at least one lot of 600 shares or its multiple at the described issue price is fixed at Rs 233 for each share.
So please stay connected with us to get the latest update for the IPO of Arrowhead Seperation Engineering Limited including company overview, financials, live subscription, allotment, GMP and more.
| SME IPO Issue Opening Date: | 16th Nov 2023 |
| SME IPO Issue Closing Date: | 20th Nov 2023 |
| SME IPO Issue Price: | ₹233.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | BSE SME |
| Retail Quota: | 50% of the Net issue |
| SME IPO Issue Type: | Fixed Price Issue |
| SME IPO Issue Size: | ₹13.00 Cr |
| Fresh Issue: | ₹13.00 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 50% |
| Promoter Holding Post IPO: | 35.09% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544025 |
Get important updates regarding Arrowhead Seperation Engineering 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* | 23rd Nov 2023 |
| Refunds Initiation* | 24th Nov 2023 |
| Credit of Shares to Demat* | 28th Nov 2023 |
| SME IPO Listing Date* | 28th Nov 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹233.00 |
| Market Lot: | 600 Shares |
| 1 Lot Amount: | ₹139800 |
| Min HNI Lots: | 1200 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 28-11-2023 | 233.00 | 25 | 11400 | ₹258 (10.73%) | 28-Nov-2023 9:32 |
**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.
Arrowhead Seperation Engineering Limited was founded in July 1991. The company is primarily involved in the design and manufacture of various chemical process equipment specializing in continuous drying and cooling systems. Your Company has a vision to develop equipment and provide solutions that meet the global standard.
The company has been in the dryer manufacturing business for more than two decades and the experience of their team has been instrumental in the growth and business strategies of their company. They have continuously focused on improving our designs and teams to meet the needs of customers and provide them with high quality appliances.
They have built a network and a healthy customer base thanks to their quality products with customizations to meet customers’ requirements. Their factory is a workshop where they weld, grind and machine after receiving the customer's order. They also have their work done by subcontractors and even temporary workers.
| Incorporation | Sector | IPO Issue Size | Website |
| 1991 | Industrial Products | ₹13.00 Cr | https://www.arrowhead-dryers.com/ |
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects (collectively, referred to herein as the "Objects"):
1. Repayment of Loan from NBFC's;
2. Funding Working capital requirements;
3. General Corporate Purpose;
Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchange including enhancing visibility and the brand image among the existing and potential customers and creating a public market for the Equity Shares in India.
Our experts can help you prepare for SME IPO
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | NII | RII | Total | |
|---|---|---|---|---|
| # of Shares Offered | 264,000 (50%) | 264,000 (50%) | 528,000 | |
| 1 | 16th Nov 2023 19:04 | 2.63x | 18.97x | 10.80x |
| 2 | 17th Nov 2023 19:04 | 7.85x | 54.61x | 31.44x |
| 3 | 20th Nov 2023 19:04 | 46.02x | 142.30x | 94.79x |
Arrowhead Seperation Engineering Limited's revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,180.62 | 2,070.53 | 1,832.23 | 1,567.43 |
| Revenue | 881.71 | 2,171.57 | 1,091.73 | 916.63 |
| Profit After Tax | 64.34 | 169.18 | 9.17 | -179.19 |
| Net Worth | 310.41 | 246.07 | 77.26 | 68.09 |
| Reserves and Surplus | 179.08 | 114.74 | -3.56 | -12.73 |
| Total Borrowing | 896.02 | 812.67 | 699.45 | 600.59 |
| Amount in ₹ Lakhs | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| Arrowhead Seperation Engineering Limited | 12.88 | 12.88 | 18.74 | 18.09 | 68.75 | Standalone |
| Kilburn Engineering Ltd | 8.66 | 8.66 | 29.46 | 26.38 | 26.76 | Standalone |
| Praj Industries Ltd | 13.05 | 13.05 | 58.68 | 17.92 | 22.09 | Standalone |
Last Updated on 02-Dec-2023 06:02:43
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 Arrowhead Seperation Engineering 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 Arrowhead Seperation Engineering SME IPO with Zerodha.
Alternate approch to apply in Arrowhead Seperation Engineering SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Arrowhead Seperation Engineering SME IPO Review and Important Updates
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To subscribe or apply in Arrowhead Seperation Engineering SME IPO, you can use the following methods:
| Arrowhead Seperation Engineering SME IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Arrowhead Seperation Engineering SME IPO directly with your brokers website. Example HDFC Sky, 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 Arrowhead Seperation Engineering 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 Arrowhead Seperation Engineering SME IPO. Most of the Syndicate Banks provide access to apply in Arrowhead Seperation Engineering IPO via ASBA process. You must have your net banking access, DP ID information to apply in Arrowhead Seperation Engineering 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 Arrowhead Seperation Engineering 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. |
Arrowhead Seperation Engineering SME IPO Review and Important Updates
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Arrowhead Seperation Engineering SME IPO is going to be list on 28-11-2023. BSE Code for Arrowhead Seperation Engineering is 544025.
Other relevant questions:
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Arrowhead Seperation Engineering SME IPO Allotment Date is 23-11-2023.
Other relevant questions:
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