Arham Technologies IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 13, 2022Let’s have a detailed review of the company and analytics of the Arham Technologies IPO release date, IPO offer price, subscription, Arham Technologies Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 42 per share |
| Listing At | NSE SME |
| Min. Order Quantity | 3000 shares |
| Listing Date | Dec 15, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs 958 Lakh |
| IPO Size | Rs 958 Lakh |
| Tick Size | 1 |
Arham Technologies IPO is listed at a Rs. 32 premium. Check out the live share price by clicking on the below link.
Arham Technologies IPO – Summary
The Company, Arham Technologies Limited is engaged in manufacturing LED Smart Televisions, with different screen sizes under the brand ‘STARSHINE’. They also manufacture Fans, Air Coolers and Mixer Grinders through third-party manufacturers under the brand ‘STARSHINE’.
Also, they have a network of dealers and distributors across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh and parts of Uttar Pradesh.
They also serve under Original Equipment Manufacturer (“OEM”) business models for LED Televisions. Under the OEM model, they manufacture and supply products as per the requirements of their customers, who then further distribute these products under their brands.
The Promoter of this company is ROSHAN JAIN, ANKIT JAIN, AND ANEKANT JAIN. The lead manager to the issue is FINSHORE MANAGEMENT SERVICES LIMITED, and the Registrar to this issue is CAMEO CORPORATE SERVICES LIMITED.
Arham Technologies IPO Date
The opening and closing dates of Arham Technologies IPO are Dec 05, 2022, and Dec 07, 2022, respectively.
Arham Technologies IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 5th Dec | 0.98x | 4.96x | 2.97x |
| 2nd Day – 6th Dec | 22.20x | 65.07x | 43.64x |
| 3rd Day – 7th Dec | 418.27x | 481.79x | 450.03x |
| Shares Offered or Net Issue | 1,083,000 | 1,083,000 | 2,166,000 |
The shares subscribed by the public will be updated here.
Arham Technologies IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares under the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Arham Technologies Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 12, 2022 |
| Refunds Initiation | Dec 13, 2022 |
| The credit of Shares to the Demat Account | Dec 14, 2022 |
| Share Listing Date | Dec 15, 2022 |
Arham Technologies IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs. 42 per share.
Arham Technologies IPO Equity Size
This Initial Public Issue of 2,280,000 Equity Shares of Rs.10 each for cash at a price of Rs. 42 per equity share aggregating to Rs.958 Lakh.
Arham Technologies IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 21,66,000 Equity Shares of Rs.10/ each.
Issue Size: 22,80,000 Equity Shares of Rs.10 each, aggregating to Rs.958 Lakh.
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Arham Technologies IPO – Live Performance
The listing date of this IPO is Dec 15, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Arham Technologies Share Price |
Arham Technologies IPO Grey Market Premium
The Arham Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Arham Technologies IPO – Company Overview
They are strategically located in Electronic Manufacturing Cluster, in the new Smart City of Raipur, which is one of the very first smart cities in India. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states.
Inland port also gives an advantage to the location, which brings down the cost of import and exports as compared to busy ports like Nhava Sheva etc. Being located in the central part of India, they enjoy many geographical advantages.
They also do white labelling for various regional brands. Raipur enjoys a geographical advantage, as no big city is nearby of Raipur, and the Raipur market feeds the entire Chhattisgarh, Odisha, some parts of Madhya Pradesh, Vidarbha Region and Jharkhand.
Traders from these regions depend on Raipur for various industries, as no direct transportation feasibility to other cities nearby Raipur exists from the Metros.
Arham Technologies IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,314.27 | 1,542.22 | 977.71 |
| *Total Revenue | 3,727.37 | 2,280.11 | 1,379.28 |
| Total Expense | 3,305.16 | 2,008.42 | 1,323.93 |
| Profit After Tax | 302.01 | 203.76 | 56.51 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 14.66 | 9.89 | 2.74 |
Further, their PAT for the period ended on March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 302.01 Lakh, Rs. 203.76 Lakh and Rs. 56.51 Lakh respectively.
Arham Technologies IPO – Promoters
The Promoter of this company is:
- ROSHAN JAIN
- ANKIT JAIN
- ANEKANT JAIN
List of Related Parties (Key Managerial Personnel)
- Mr Roshan Jain, Managing Director
- Mr Ankit Jain, Executive Director & Chief Financial Officer
- Mr Anekant Jain, Executive Director & Chief Executive Officer
- Mrs Rukmani Jain, Non-Executive Director
- Mr Saurabh Agrawal, Independent Director
- Mr Gaurav Agrawal, Independent Director
Arham Technologies IPO – Promoters Holding
- Pre-Issue Share Holding – 78.40%
- Post Issue Share Holding – 57.27%
Arham Technologies IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 22,80,000 Equity Shares aggregating up to Rs.958 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 114,000 Equity Shares aggregating up to Rs. 47.88 Lakh |
| Net Issue to the Public | Up to 21,66,000 Equity Shares aggregating up to Rs. 909.72 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding before the Issue | 61,80,000 Equity Shares |
| Equity Shares outstanding after the Issue | 84,60,000 Equity Shares |
Arham Technologies IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. To meet the working capital requirements.
2. To meet the Issue of Expenses
3. General Corporate Purposes.
Arham Technologies IPO – Business Strategy
- Expanding the Network
- Focusing on Increasing Process Services & consistency in operating practices
- Growing the business with existing clients with quality and efficient services
Arham Technologies IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Established and proven track record;
- Leveraging the experience of their Promoters;
- The experienced management team and a motivated and efficient workforce;
- Cordial relations with their customers
- Quality Assurance & Control
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 14.66 | 42.33 | 34.63 |
| 31-Mar-21 | 9.89 | 49.52 | – |
| Mar-20 | 2.74 | 27.21 | – |
Arham Technologies IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Arham Technologies Limited | 10 | 2.86 | 14.66 | 42.33 | 3,727.37 |
| Listed Peers | |||||
| – | – | – | – | – | – |
Arham Technologies IPO Lead Managers
| Lead Managers |
| FINSHORE MANAGEMENT SERVICES LIMITED ‘Anandlok’, Block-A, 2nd Floor, Room No. 207, 227 A.J.C Bose Road, Kolkata-700020, West Bengal Telephone: 033 – 2289 5101 / 4603 2561 Email: ramakrishna@finshoregroup.com Website: www.finshoregroup.com Investor Grievance Email: info@finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar SEBI Registration No: INM000012185 CIN: U74900WB2011PLC169377 |
Arham Technologies IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED “Subramanian Building”, #1, Club House Road, Chennai – 600 002, India Telephone: +91-44-40020700, 28460390 Facsimile: +91-44-28460129 Email: investor@cameoindia.com Contact Person: Ms K. Sreepriya Website: www.cameoindia.com SEBI Registration Number: INR000003753 CIN: U67120TN1998PLC041613 |
Arham Technologies IPO – Other Details
- Statutory Auditor – R. S. Choraria & Associates, Chartered Accountants
- Legal Counsel to the Company – CANDOUR LEGAL
- Bankers to the Company – NA
Arham Technologies IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Arham Technologies Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Arham Technologies IPO Review FAQs
Check out various FAQs related to Arham Technologies IPO:
What is the Issue Size of Arham Technologies IPO?
The Company is making an initial public offer of 22,80,000 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Arham Technologies IPO?
The price band for this particular IPO ranges between Rs. 42. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Arham Technologies IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 5, 2022, while the closing date is set for Dec 7, 2022.
What is the Arham Technologies IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Dec 12, 2022, refund initiation is on Dec 13, 2022, credit of shares is on Dec 14, 2022, and share listing date is on Dec 15, 2022.
What is the Arham Technologies IPO Listing Date?
Shares of this company shall be listed in the exchanges on Dec 15, 2022. The date, when the listing would be done, is stagnant on Dec 15, 2022.
Who is the Registrar of Arham Technologies IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. CAMEO CORPORATE SERVICES LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Arham Technologies?
Here are the promoters of this IPO – ROSHAN JAIN, ANKIT JAIN, AND ANEKANT JAIN. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Arham Technologies?
We have obtained the GMP of this IPO and it is NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Arham Technologies IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Arham Technologies Company?
We have the information on company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 302.01 Lakh, Rs. 203.76 Lakh and Rs. 56.51 Lakh, respectively.
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