Arrowhead Seperation Engineering IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 20, 2023Let’s have a detailed review of the company and analytics of the Arrowhead Seperation Engineering IPO release date, IPO offer price, subscription, Arrowhead Seperation Engineering 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 233 |
| Listing At | BSE, SME |
| Min. Order Quantity | 600 Shares |
| Listing Date | November 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1300 Lakh |
| IPO Size | Rs 1300 Lakh |
| Tick Size | 1 |
Arrowhead Seperation Engineering IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Arrowhead Seperation Engineering Share Price |
Arrowhead Seperation Engineering IPO – Summary
They are primarily engaged in the design and manufacture of various chemical process Equipment with specialization in continuous drying and cooling system equipment. Their company has the vision to develop Equipment and provide a solution which matches the global standard.
They have an established network and healthy client base due to their quality product with customization as per client’s requirements. Their Factory is a workshop where the process of welding, grinding and machining is done as and when the customer’s order is received.
The Promoter of this company is Ajit Mundle and Jyoti Mundle. The lead manager of the issue is ARYAMAN FINANCIAL SERVICES LIMITED, and the Registrar of this issue is CAMEO CORPORATE SERVICES LIMITED.
Arrowhead Seperation Engineering IPO Date
The opening and closing dates of Arrowhead Seperation Engineering IPO are November 16, 2023, and November 20, 2023, respectively.
Arrowhead Seperation Engineering IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Nov | 2.63x | 18.97x | 10.80x |
| 2nd Day – 17th Nov | 7.85x | 54.61x | 31.44x |
| 3rd Day – 20th Nov | 46.02x | 142.30x | 94.79x |
| Shares Offered or Net Issue | 264,000 | 264,000 | 558,000 |
The shares subscribed by the public will be updated here.
Arrowhead Seperation Engineering 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.
Arrowhead Seperation Engineering Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | November 23, 2023 |
| Refunds Initiation | November 24, 2023 |
| Credit of Shares to Demat Account | November 28, 2023 |
| Share Listing Date | November 29, 2023 |
Arrowhead Seperation Engineering IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.233
Arrowhead Seperation Engineering IPO Equity Size
This Initial Public Issue of 558,000 Equity Shares of Rs.10 each for cash at a price of Rs.233 per equity share aggregating to Rs.1300 Lakh.
Arrowhead Seperation Engineering IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 558,000 Equity Shares of Rs.10/ each.
Issue Size: 558,000 Equity Shares of Rs.10 each, aggregating to Rs.1300 Lakh
Open Free Demat Account Now!
Arrowhead Seperation Engineering IPO – Live Performance
The listing date of this IPO is November 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Arrowhead Seperation Engineering Share Price |
Arrowhead Seperation Engineering IPO Grey Market Premium
The Arrowhead Seperation Engineering Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Arrowhead Seperation Engineering IPO – Company Overview
Their company has its registered office with a manufacturing facility at Survey No 39, Village Mundhegaon, Tal Igatpuri, Nashik, 422403, Maharashtra. The factory workshop area is 24000 sq. ft. with an attached office of 3000 sq. ft.
The factory is equipped with all requisite manufacturing facilities & managed by experienced and skilled managerial as well as workshop staff. They have a corporate office located at W-164/E, T.T.C Industrial Area, Village Pawane, Thane Belapur Road, Navi Mumbai 400710.
They conduct pilot trials on the client’s material to arrive at a suitable drying solution for their application. Their company has been in the dryer manufacturing business for more than two decades now and their team with its experience has been instrumental in driving the growth and business strategies of their Company.
They have been continuously focusing on upgrading ourselves with better designs and teams to be able to cater for the needs of clients and provide them with quality equipment
Arrowhead Seperation Engineering 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) | ||||
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,180.62 | 2,070.53 | 1,832.23 | 1,567.43 |
| *Total Revenue | 881.71 | 2,171.57 | 1,091.73 | 916.63 |
| Total Expense | 795.72 | 1,987.77 | 1,078.81 | 1,039.68 |
| Profit After Tax | 64.34 | 169.18 | 9.17 | (179.19) |
Earnings per Equity Share (in Lakh)
| 30-Jun-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 4.90 | 12.88 | 0.70 | (13.64) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 169.18 Lakh, Rs. 9.17 Lakh and Rs. (179.19) Lakh respectively.
Arrowhead Seperation Engineering IPO – Promoters
The Promoter of this company is:
- Ajit Mundle
- Jyoti Mundle
List of Related Parties (Key Managerial Personnel)
- Ajit Mundle, Chairman & Managing Director
- Jyoti Mundle, Whole Time Director
- Priyanka Moondra Rathi, Non-Executive Independent Director
- Mayuri Rupareliya, Non-Executive Independent Director
Arrowhead Seperation Engineering IPO – Promoters Holding
- Pre-Issue Share Holding – 50%
- Post-Issue Share Holding – 35.09%
Arrowhead Seperation Engineering IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 5,58,000 Equity Shares aggregating up to Rs.1300 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 30,000 Equity Shares aggregating up to Rs.69.90 Lakh |
| Net Issue to the Public | Up to 5,28,000 Equity Shares aggregating up to Rs.1,230.24 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 2,64,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 2,64,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 13,13,325 Equity Shares |
| Equity Shares outstanding after the Issue | 18,71,325 Equity Shares |
Arrowhead Seperation Engineering IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment of Loan from NBC’s;
- Funding Working capital requirements;
- General Corporate Purpose;
Arrowhead Seperation Engineering IPO – Business Strategy
- Reduction of debt
- Augment their fund-based capacities in order to scale up business operation
- Continue to strengthen relationships with key service providers and take benefit of scalability by outsourcing model
- Focus on the international market with competitive pricing
Arrowhead Seperation Engineering 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:
- Customized product for each client
- Qualified and Experienced Executive Directors
- Relationships with Customers and suppliers
- Location of Manufacturing Unit
- Wide range of products
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 12.88 | 68.75% | 18.74 |
| 31-Mar-22 | 0.70 | 11.87% | – |
| Mar-21 | (13.64) | (263.19%) | – |
Arrowhead Seperation Engineering IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Arrowhead Seperation Engineering Limited | 10 | 18.09 | 12.88 | 68.75% | 2,150.10 |
| Listed Peers | |||||
| Kilburn Engineering Ltd | 10 | 26.38 | 8.66 | 26.76% | 22,153.00 |
| Praj Industries Ltd | 2 | 17.92 | 13.05 | 22.09% | 3,52,803.78 |
Arrowhead Seperation Engineering IPO Lead Managers
| Lead Managers |
| ARYAMAN FINANCIAL SERVICES LIMITED 60, Khatau Building, Ground Floor, Alkesh Dinesh Modi Marg Fort, Mumbai – 400 001 Tel No.: +91 22 6216 6999 Email: ipo@afsl.co.in Website: www.afsl.co.in Investor Grievance Email: feedback@afsl.co.in Contact Person: Vatsal Ganatra SEBI Registration No. INM000011344 |
Arrowhead Seperation Engineering IPO Registrar to offer
| Registrar to the Offer |
| CAMEO CORPORATE SERVICES LIMITED Subramanian Building, No. 1, Club House Road, Chennai – 600 002. Tel.: +91 – 44 – 40020700 (5 Lines) E-mail: priya@cameoindia.com Investor Grievance Email: investor@cameodina.com Website: www.cameoindia.com Contact Person: K. Sreepriya SEBI Registration. No.: INR 000003753 |
Arrowhead Seperation Engineering IPO – Other Details
- Statutory Auditor – B B Gusani & Associates., Chartered Accountants
- Legal Counsel to the Company – M/S. ABDUS SAMEE ABDUL QADIR MANIYAR (A. A. MANIYAR) (ADVOCATE)
- Bankers to the Company – Bank of Baroda
Arrowhead Seperation Engineering 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 |
Subscribe to Arrowhead Seperation Engineering IPO
Arrowhead Seperation Engineering Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Arrowhead Seperation Engineering IPO Review FAQs
Check out various FAQs related to Arrowhead Seperation Engineering IPO:
What is the Issue Size of Arrowhead Seperation IPO?
The Company is making an initial public offer of 558,000 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 Arrowhead Seperation Engineering IPO?
The price band for this particular IPO ranges between Rs 233. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Arrowhead Seperation IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on November 16, 2023, while the closing date is set at November 20, 2023.
What is the Arrowhead Seperation IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on November 23, 2023, refund initiation is on November 24, 2023, credit of shares is on November 28, 2023, and share listing date is on November 29, 2023.
What is the Arrowhead Seperation IPO Listing Date?
Shares of this company shall be listed in the exchanges on November 29, 2023. The date, when the listing would be done, is stagnant on November 29, 2023.
Who is the Registrar of Arrowhead Seperation 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 Arrowhead Seperation IPO?
Here are the promoters of this IPO – Ajit Mundle and Jyoti Mundle. 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 Arrowhead Seperation IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Arrowhead Seperation 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 Arrowhead Seperation Engineering 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 2023 in Lakh is 169.18, 2022 is 9.17, and 2021 is (179.19). PAT from Jun 2023 is 64.34.
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Featured Topics