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Let’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

Arrowhead Seperation Engineering IPOThey 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

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    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:

    1. Ajit Mundle
    2. 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
    Net Issue to the Public Up to 5,28,000 Equity Shares aggregating up to Rs.1,230.24
    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
    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
    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


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      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.

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