Arihant Academy IPO GMP, Review, Price, Allotment


Last updated on December 29, 2022

Arihant Academy IPO GMP

Arihant Academy IPO description – The 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.

It 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. The company operates under the brand name “Arihant Academy”.

The company had acquired the business of M/s. Arihant Academy, a partnership firm vide Business Transfer Agreement dated 5 February 2009. The company has managed to develop a base in the coaching classes sector from setting up of 8 branches at the time of taking over the business of the M/s. Arihant Academy to 14 branches across all the sections as on December 2022. It caters to around 6,000 students from these above 14 coaching centers. Mr. Anil Suresh Kapasi, looks after Science Section whereas Mr. Umesh Anand Pangam overviews ICSE, SSC and Commerce Section.

Arihant Academy

Promoters of Arihant Academy – Mr. Anil Suresh Kapasi, Mr. Umesh Anand Pangam

Arihant Academy IPO Details

Arihant Academy IPO Dates16 – 21 December 2022
Arihant Academy IPO PriceINR 90 per share
Fresh issue16,35,200 shares (INR 14.72 crore)
Offer For SaleNil
Total IPO size16,35,200 shares (INR 14.72 crore)
Minimum bid (lot size)1,600 shares (INR 1,44,000)
Face Value INR 10 per share
Retail Allocation50%
Listing OnNSE Emerge

Arihant Academy Financial Performance

 FY 2020FY 2021FY 2022
Net income0.421.132.02
Figures in INR Crore unless specified otherwise

Arihant Academy Offer News

Arihant Academy Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio19.69
RONW (%)23.6338.7240.98
*Compiled by IPO Central from Prospectus

Arihant Academy IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
28 Dec 20223532,000
27 Dec 20223532,000
26 Dec 20223532,000
24 Dec 20223030,000
23 Dec 20223535,000
22 Dec 20223535,000
21 Dec 20223535,000
20 Dec 20224040,000
19 Dec 202235,000
17 Dec 202225,000
16 Dec 202220,000
15 Dec 202225,000
14 Dec 202225,000
13 Dec 202220,000

Arihant Academy Offer Subscription – Live Updates

Shares Offered817,600817,6001,635,200
21 Dec 202234.55217.21223.87
20 Dec 20228.3157.3734.34
19 Dec 20223.5920.3111.95
16 Dec 20220.721.521.12
As on 17:02:02 hrs

Arihant Academy Offer Lead Manager

Office No. 102, 1st Floor,
Sea Lord CHS, Ram Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 845
Email: [email protected]

Arihant Academy Offer Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Phone :
022 – 6263 8200
E-mail: [email protected]

Arihant Academy Contact Details

Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai –400 066, Maharashtra
Phone: +91 9920781706
E-mail: [email protected]

Arihant Academy IPO Allotment Status

Arihant Academy IPO allotment status is now available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Arihant Academy IPO Dates & Listing Performance

Arihant Academy Offer Opening Date16 December 2022
Arihant Academy IPO Closing Date21 December 2022
Finalisation of Basis of Allotment26 December 2022
Initiation of refunds27 December 2022
Transfer of shares to demat accounts28 December 2022
Arihant Academy IPO Listing Date29 December 2022
Opening Price on NSE SMEINR 120.10 per share (up 33.44%)
Closing Price on NSE SMEINR 126.10 per share (up 40.11%)

Arihant Academy IPO FAQs

What is Arihant Academy IPO size?

Arihant Academy offer size is INT 14.72 crore.

What is Arihant Academy IPO Price Band?

Arihant Academy public offer price is INR 90 per share.

What is the lot size of Arihant Academy IPO?

Arihant Academy offer lot size is 1,600 shares.

What is Arihant Academy IPO GMP today?

Arihant Academy IPO GMP today is INR 35 per share.

What is Arihant Academy kostak rate today?

Arihant Academy kostak rate today is INR NA per application.

What is Arihant Academy Subject to Sauda rate today?

Arihant Academy Subject to Sauda rate today is INR 32,000 per application.


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