Arihant Academy IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 21, 2022Let’s have a detailed review of the company and analytics of the Arihant Academy IPO release date, IPO offer price, subscription, Arihant Academy 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 90 |
| Listing At | NSE Emerge |
| Min. Order Quantity | 1600 Shares |
| Listing Date | Dec 29, 2022 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,471.68 Lakh |
| IPO Size | Rs 1,471.68 Lakh |
| Tick Size | 1 |
Arihant Academy IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Arihant Academy IPO – Summary
Their Company is engaged in providing coaching services and parallel educational support verticals in the western suburbs of Mumbai, Maharashtra for Class 8, 9 and 10 for both the 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 Promoter of this company is MR. ANIL SURESH KAPASI AND MR. UMESH ANAND PANGAM. The lead manager of the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Arihant Academy IPO Date
The opening and the closing date of Arihant Academy IPO are Dec 16, 2022, and Dec 21, 2022, respectively.
Arihant Academy IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Dec | 0.76x | 1.60x | 1.18x |
| 2nd Day – 19th Dec | 3.79x | 21.40x | 12.59x |
| 3rd Day – 20th Dec | 11.91x | 60.45x | 36.18x |
| 4th Day – 21st Dec |
21.46x | 83.14x | 52.30x |
| Shares Offered or Net Issue | 776,000 | 776,000 | 1,552,000 |
The shares subscribed by the public will be updated here.
Check Arihant Academy IPO LIVE Subscription
- Arihant Academy IPO LIVE Bid details on BSE
- Arihant Academy IPO LIVE Bid details on NSE
For the Latest Bid details click on the above links.
Arihant Academy IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to 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.
Arihant Academy Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Dec 26, 2022 |
| Refunds Initiation | Dec 27, 2022 |
| Credit of Shares to Demat Account | Dec 28, 2022 |
| Share Listing Date | Dec 29, 2022 |
Arihant Academy IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.90
Arihant Academy IPO Equity Size
This Initial Public Issue of 16,35,200 Equity Shares of Rs.10 each for cash at a price of Rs.90 per equity share aggregating to Rs.1,471.68 Lakh.
Arihant Academy IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 16,35,200 Equity Shares of Rs.10/ each.
Issue Size: 16,35,200 Equity Shares of Rs.10 each, aggregating to Rs.1,471.68 Lakh
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Arihant Academy IPO – Live Performance
The listing date of this IPO is Dec 29, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Arihant Academy Share Price |
Arihant Academy IPO Grey Market Premium
The Arihant Academy Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Arihant Academy IPO – Company Overview
Their Company had acquired the business of M/s. Arihant Academy, a partnership firm vide Business Transfer Agreement dated February 05, 2009, entered between their company (earlier known as India Tutorials Private Limited), M/s. Arihant Academy, Mr Anil Suresh Kapasi, Mr Umesh Anand Pangam, Mr Amit Prakash Chandra Mehrotra, Mr Santosh Pandurang Shinde and Mr Rajesh Mahadev Adkar.
Mr Jitendra Kantilal Shah and Ms Poornima Jitendra Shah were the initial subscribers to the Memorandum of Association and initial promoters of their Company.
Further, Mr Anil Suresh Kapasi, Mr Umesh Anand Pangam, Mr Amit Prakash Chandra Mehrotra, and Mr Santosh Pandurang Shinde took over the control and management of their company vide Share Purchase Agreement dated May 03, 2011, amongst them.
Arihant Academy 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 | 1104.26 | 829.09 | 814.30 |
| *Total Revenue | 1531.97 | 1409.77 | 1921.12 |
| Total Expense | 1262.21 | 1258.27 | 1856.09 |
| Profit After Tax | 201.86 | 112.56 | 42.09 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 4.57 | 2.55 | 0.95 |
Further, their PAT for the period ended on March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 201.86 Lakh, Rs. 112.56 Lakh and Rs. 42.09 Lakh respectively.
Arihant Academy IPO – Promoters
The Promoter of this company is:
- MR. ANIL SURESH KAPASI
- MR. UMESH ANAND PANGAM
List of Related Parties (Key Managerial Personnel)
- Anil Suresh Kapasi, Managing Director
- Umesh Anand Pangam, Chairman and Whole Time Director
- Harsh Anil Kapasi, Non-Executive Director
- Kirti Umesh Pangam, Non-Executive Director
- Manish Khodidas Desai, Non-Executive Independent Director
Arihant Academy IPO – Promoters Holding
- Pre-Issue Share Holding – 100.00%
- Post Issue Share Holding – 73.00%
Arihant Academy IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 16,35,200 Equity Shares aggregating up to Rs.₹1,471.68 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 83,200 Equity Shares aggregating up to Rs.74.88 Lakh |
| Net Issue to the Public | Up to 7,76,000 Equity Shares aggregating up to Rs.2.00 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 | 44,20,000 Equity Shares |
| Equity Shares outstanding after the Issue | 60,55,200 Equity Shares |
Arihant Academy IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding working capital requirements; and
2. General corporate purposes.
Arihant Academy IPO – Business Strategy
- Expansion of network of centres
- Use of technology to extend their reach
- Introduction of new courses
- Expansion through Mergers/Alliances/Collaborations
- Franchise Arrangements
Arihant Academy 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:
- Hybrid Model of Coaching
- Experienced Management Team
- Qualified Pool of Faculty
- Professional & Organizational Development
- Result-oriented methods of coaching
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 2,018.61 | 40.98 | 4,925.89 |
| 31-Mar-21 | 1,125.56 | 38.72 | 2,907.28 |
| Mar-20 | 420.94 | 23.63 | 1,781.71 |
Arihant Academy IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | NAV Per Share (Rs.) | |
| Arihant Academy Limited | 10 | 19.69 | 4.57 | 40.93 | 11.14 |
| Listed Peers | |||||
| CL Educate Limited | 5 | 50.17 | 3.28 | 3.48 | 94.38 |
| Veranda Learning Solutions Limited | 10 | (76.04) | (3.67) | (10.37) | 21.87 |
Arihant Academy IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Ram Nagar, Borivali (West), Mumbai – 400 092, Maharashtra, India Telephone: 022 – 2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Website: www.shreni.in Contact Person: Ms. Kritika Rupda/ Ms. Kruti Doshi SEBI Registration Number: INM000012759 |
Arihant Academy IPO Registrar to offer
| Registrar to the Offer |
| 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, India Telephone: 022 – 6263 8200 E-mail: ipo@bigshareonline.com Investor Grievance e-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr Swapnil Kate SEBI Registration Number: INR000001385 |
Arihant Academy IPO – Other Details
- Statutory Auditor – M/s Bhikubhai H Shah. & Co., Chartered Accountants
- Legal Counsel to the Company – M/s. Asha Agarwal & Associates
- Bankers to the Company – Kotak Mahindra Bank Limited
Arihant Academy 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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Arihant Academy Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Arihant Academy IPO Review FAQs
Check out various FAQs related to Arihant Academy IPO:
What is the Issue Size of Arihant Academy IPO?
The Company is making an initial public offer of 1,635,200 equity shares. They 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 Arihant Academy IPO?
The price band for this particular IPO ranges between Rs 90. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Arihant Academy IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Dec 16, 2022, while the closing date is set at Dec 21, 2022.
What is the Arihant Academy IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Dec 26, 2022, refund initiation is on Dec 27, 2022, credit of shares is on Dec 28, 2022, and share listing date is on Dec 29, 2022.
What is the Arihant Academy IPO Listing Date?
Shares of this company shall be listed in the exchanges on Dec 29, 2022. The date, when the listing would be done, is stagnant on Dec 29, 2022.
Who is the Registrar of Arihant Academy IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Arihant Academy IPO?
Here are the promoters of this IPO – MR. ANIL SURESH KAPASI AND MR. UMESH ANAND PANGAM. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Arihant Academy IPO?
They 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 Arihant Academy IPO good for Investment?
They 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 Arihant Academy Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 201.86, 2021 is 112.56, 2020 is 42.09.
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