Arihant Academy Limited is engaged in providing coaching services and parallel educational support vertical 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 commerce and science section; tutoring students in 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 entry level and second level exam, in the commerce section.
The company operates under the brand name “Arihant Academy“.
The company offer hybrid model of teaching services through classroom-based coaching under traditional Chalk & Talk concept and digital and distance learning, which supplement the classroom courses and allow students to engage in self-paced learning.
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.
Arihant Academy IPO – Details
| IPO Opening Date | 16 December 2022 |
| IPO Closing Date | 21 December 2022 |
| Issue Type | Fixed Price Issue IPO |
| Issue Size | ₹14.71 Crore |
| Fresh Issue | 16,35,200 shares |
| Face Value | ₹10 per equity share |
| IPO Price | ₹90 |
| Market Lot | 1600 Shares |
| Min Order | 1600 Shares (1 Lot) |
| Listing At | NSE SME |
| Register | Bigshare Services Private Limited |
| Retail Shares Offered | 50% |
| NII (HNI) Shares Offered | 50% |
Arihant Academy IPO – Date Schedule
| IPO Open Date | 16 December 2022 |
| IPO Close Date | 21 December 2022 |
| Basis of Allotment Date | 26 December 2022 |
| Initiation of Refunds | 27 December 2022 |
| Credit of Shares to Demat Account | 28 December 2022 |
| IPO Listing Date | 29 December 2022 |
Arihant Academy IPO – Lots Size & Price
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 1600 | 1,44,000 |
| Maximum | 1 | 1600 | 1,44,000 |
Competitive Strengths
- Hybrid Model of Coaching.
- Experienced Management Team.
- Qualified Pool of Faculty.
- Professional & Organizational Development.
- Result oriented methods of coaching.
Company Promoters
- Mr. Anil Suresh Kapasi
- Mr. Umesh Anand Pangam
Object Of The Issue
- Funding Working Capital Requirements.
- General Corporate Purposes.
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax |
|---|---|---|---|
| 31 March 2020 | 19.21 | 18.56 | 0.42 |
| 31 March 2021 | 14.09 | 12.58 | 1.12 |
| 31 March 2022 | 15.31 | 12.62 | 2.01 |
Arihant Academy IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.00% |
Arihant Academy IPO Prospectus
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 Private Limited Tel: 022 – 6263 8200 Email: ipo@bigshareonline.com Website: https://www.bigshareonline.com/ |
Arihant Academy IPO Lead Manager(s)
| 1. Shreni Shares Private Limited |
Arihant Academy IPO FAQs
| What is Arihant Academy IPO? Arihant Academy IPO is a SME IPO. The issue is priced at ₹90 per equity share. The IPO is to be listed on NSE SME. |
| When Arihant Academy IPO will open? The IPO is to open on 16 December 2022 for NII and Retail Investors. |
| What is Arihant Academy IPO Investors Portion? The investors’ portion for NII-50%, and Retail 50%. |
| How to Arihant Academy IPO? You can apply Arihant Academy IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the Arihant Academy IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “Arihant Academy”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the Arihant Academy IPO through Edelweiss? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “Arihant Academy”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Edelweiss. |
| What is Arihant Academy IPO Size? Arihant Academy IPO size is ₹14.71 crores. |
| What is Arihant Academy IPO Price Band? Arihant Academy IPO Price Band is ₹90. |
| What is Arihant Academy IPO Minimum and Maximum Lot Size? The minimum bid is 1600 Shares with ₹1,44,000 amount while the maximum bid is 1600 shares with ₹1,44,000. |
| What is the Arihant Academy IPO Allotment Date? Arihant Academy IPO allotment date is 26 December 2022. |
| What is the Arihant Academy IPO Listing Date? Arihant Academy IPO listing date is 29 December 2022. The IPO is to list on NSE SME. |
