Last updated on December 29, 2022
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.
Promoters of Arihant Academy – Mr. Anil Suresh Kapasi, Mr. Umesh Anand Pangam
Arihant Academy IPO Details
| Arihant Academy IPO Dates | 16 – 21 December 2022 |
| Arihant Academy IPO Price | INR 90 per share |
| Fresh issue | 16,35,200 shares (INR 14.72 crore) |
| Offer For Sale | Nil |
| Total IPO size | 16,35,200 shares (INR 14.72 crore) |
| Minimum bid (lot size) | 1,600 shares (INR 1,44,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Arihant Academy Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 19.21 | 14.08 | 15.21 |
| Expenses | 18.56 | 12.58 | 12.62 |
| Net income | 0.42 | 1.13 | 2.02 |
Arihant Academy Offer News
Arihant Academy Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.95 | 2.55 | 4.57 |
| PE ratio | – | – | 19.69 |
| RONW (%) | 23.63 | 38.72 | 40.98 |
| NAV | 4.03 | 6.58 | 11.14 |
Arihant Academy IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 28 Dec 2022 | 35 | – | 32,000 |
| 27 Dec 2022 | 35 | – | 32,000 |
| 26 Dec 2022 | 35 | – | 32,000 |
| 24 Dec 2022 | 30 | – | 30,000 |
| 23 Dec 2022 | 35 | – | 35,000 |
| 22 Dec 2022 | 35 | – | 35,000 |
| 21 Dec 2022 | 35 | – | 35,000 |
| 20 Dec 2022 | 40 | – | 40,000 |
| 19 Dec 2022 | – | – | 35,000 |
| 17 Dec 2022 | – | – | 25,000 |
| 16 Dec 2022 | – | – | 20,000 |
| 15 Dec 2022 | – | – | 25,000 |
| 14 Dec 2022 | – | – | 25,000 |
| 13 Dec 2022 | – | – | 20,000 |
Arihant Academy Offer Subscription – Live Updates
| Category | Non-retail | Retail | Total |
| Shares Offered | 817,600 | 817,600 | 1,635,200 |
| 21 Dec 2022 | 34.55 | 217.21 | 223.87 |
| 20 Dec 2022 | 8.31 | 57.37 | 34.34 |
| 19 Dec 2022 | 3.59 | 20.31 | 11.95 |
| 16 Dec 2022 | 0.72 | 1.52 | 1.12 |
Arihant Academy Offer Lead Manager
SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor,
Sea Lord CHS, Ram Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 845
Email: [email protected]
Website: www.shreni.in
Arihant Academy Offer Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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]
Website: www.bigshareonline.com
Arihant Academy Contact Details
ARIHANT ACADEMY LIMITED
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]
Website: www.arihantacademy.com
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 Date | 16 December 2022 |
| Arihant Academy IPO Closing Date | 21 December 2022 |
| Finalisation of Basis of Allotment | 26 December 2022 |
| Initiation of refunds | 27 December 2022 |
| Transfer of shares to demat accounts | 28 December 2022 |
| Arihant Academy IPO Listing Date | 29 December 2022 |
| Opening Price on NSE SME | INR 120.10 per share (up 33.44%) |
| Closing Price on NSE SME | INR 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.
