Arihant Academy IPO provides coaching services and parallel educational support verticals. The company offers services in the western suburbs of Mumbai, Maharashtra for Class 8, 9, and 10 for both State Board and ICSE Board.
Arihant Academy IPO – Overview
| IPO Dates | 16- 21 Dec 2022. |
| IPO Price | INR 90 per share |
| Fresh issue | 1,635,200 shares (INR 14.72 crore) |
| Offer For Sale | Nil |
| Total IPO size | 1,635,200 shares (INR 14.72 crore) |
| Minimum bid (lot size) | 1600 shares |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | NSE Emerge |
Arihant Academy IPO -Tentative Dates
| IPO Offer Opening Date | 16 December 2022 |
| 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 |
| IPO Listing Date | 29 December 2022 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Overview
Arihant Academy is providing coaching services and parallel educational support verticals. The company offers services 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 the commerce and science section; tutoring students in the 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 the entry-level and second level exam, in the commerce section.
The company operates under the brand name “Arihant Academy”.
The company has managed to develop a base in the coaching classes sector by setting up 8 branches at the time of taking over the business of the M/s. Arihant Academy to 14 branches across all the sections. Arihant Academy Limited caters to around 6,000 students from these 14 coaching centres.
IPO Objectives
- Working Capital requirements of the Company.
- To meet Issue Expenses.
- General Corporate Purpose.
Company Financials
| Particulars | 31-March-22 | 31-June-21 | 31-Mar-20 |
| Total Assets | 1104.26 | 829.09 | 814.3 |
| Total Revenue | 1531.97 | 1409.77 | 1921.12 |
| Profit After Tax | 201.86 | 1531.97 | 42.09 |
Company Contact Information
Arihant Academy Limited
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai – 400066
Phone: +91 9920781706
Email: investors@arihantacademy.com
Website: http://www.arihantacademy.com/
Arihant Academy IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Arihant Academy IPO Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
Lead Manager Reports
- IPO Lead Manager Performance Summary
- IPO Lead Manager Performance Tracker
