Business description – Arihant Institute is engaged in providing coaching & educational guidance for students appearing for professional course – Chartered Accountant, Company Secretary and CMA. The company 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 has given education to more than 10000 students appeared for professional & Graduates exam so far. The institute’s student strength has improved and it has produced 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary. Arihant’s premises is spread over 9,500 sq. feet and includes 8 air conditioned class room, well equipped library, canteen, staff room, 2 studios, back-up lab, conference room and large administrative blocks.
Promoters of Arihant Institute – Mr Sandip Vinodray Kamdar, Mr Vinodray Keshavlal Kamdar, Mrs Maduben Vinodray Kamdar, Mrs Anjali Sandipbhai Kamdar
| Arihant Institute IPO details | |
| Subscription Dates | 23 – 28 May 2018 |
| IPO Price band | INR30 per share |
| Fresh issue | 2,500,000 shares (INR7.50 crore) |
| Offer for sale | Nil |
| Total IPO size | 2,500,000 shares (INR7.50 crore) |
| Minimum bid (lot size) | 4,000 shares |
| Face Value | INR10 per share |
| Retail Allocation | 50% |
| Listing On | BSE SME platform |
Use of funds
- Training Centre Expansion – INR4.19 crore
- Technical Infrastructure – Servers, Studio & Content – INR1.17 crore
- Corporate Office – Furniture & Equipment – INR0.48 crore
- Branding & Marketing – INR0.72 crore
- General Corporate Purpose – INR0.58 crore
- Issue Expenses – INR0.38 crore
| Arihant Institute’s financial performance (in INR lakh) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 10M FY2018 | |
| Total revenue | 864.2 | 610.0 | 385.5 | 167.1 | 169.2 | 114.1 |
| Total expenses | 833.4 | 751.6 | 382.4 | 313.9 | 158.0 | 102.4 |
| Profit after tax | 16.5 | -146.3 | 3.8 | -144.5 | 11.3 | 12.3 |
Arihant Institute’s Contact Details
Arihant Institute Limited
2, Navinpark Society, Near. Muncipal School No.4,
Sardar Patel Colony Road,
Naranpura, Ahmedabad – 380 013
Phone: +91 079 2768 3113
Email: [email protected]
Website: www.arihantinstitute.com
Arihant Institute IPO Subscription Details
| Day | Subscription (no. of times) |
| Day 1 | 0.20 |
| Day 2 | 0.31 |
| Day 3 | 0.56 |
| Day 4 | 2.08 |
Arihant Institute Valuation (for FY2017)
Earnings Per Share (EPS): INR0.77
Price/Earnings (P/E) ratio: 38.96
Return on Net Worth (RONW): 3.1%
Net Asset Value (NAV): INR6.00 per share
Registrar of Arihant Institute IPO
Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email:Â [email protected]
Website:Â www.karvycomputershare.com
Arihant Institute IPO Allotment Status
Arihant Institute IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.
Listing performance of Arihant Institute
IPO Opening Date: 23 May 2018
IPO Closing Date: 28 May 2018
Listing Date: 5 June 2018
Listing Price on BSE SME: INR29.95 per share (down 0.17% from IPO price)
Closing Price on BSE SME: INR29.25 per share (down 2.50% from IPO price)
Why r sales declining every year…
Because competition has increased and students are now going for online learning. It is a failing business model, good for promoters but shareholders have only lost money in education stocks.
How revenue decline last year compare to FY 2015 ?
Income increase nearly by 3 times
The expansion is totally a aura that is created. the amounts collectable will only be used for the resolving the previous downfalls. No big plans for an expansion on broader levels.