December 15, 2022
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Arham Technologies SME IPO Analysis at Chanakyanipothi.com,
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Arham Technologies IPO listing estimate:
The IPO received tremendous response from all categories. As compared to issue price of Rs. 42, the scrip is expected to get listed at Rs. 76/78 and intraday high of Rs. 84 expected.
Arham Allotment Status: Click
Arham Technologies IPO Grey Market updates
for latest updates, Click
Arham IPO Subscription (Closed)
Rs 4241.55 Cr accumulated
# On 7 December 2022 @ 5.00 pm (Day 3)
NII: 1083000 Shares, 417.59T
RII : 1083000 Shares, 467.90T
Total: 2116000 Shares, 442.75T
| Arham Technologies Industries IPO Details | |
| IPO opens on | 5 December 2022 |
| IPO closes on | 7 December 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | up to 2280000 Shares /Rs 9.576 Crore |
| * Fresh Issue | Rs.9.576 Cr approx. |
| * Offer for Sale | Up to Rs.0 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 42 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 3000 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | 0 | 0 |
| NII (50 %) | 1083000 | 5.88 |
| RII (50 %) | 1083000 | 5,88 |
| Total Shares | 2166000 | 11.76 |
| Retail portion will be oversubscribed by | 361 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 3000 Shares | Rs. 126000 |
| Max Retail Application | 3000 shares | Rs. 126000 |
Arham Technologies Company Details
The Company is engaged in manufacturing of LED Smart Televisions, with different screen
sizes under its brand ‘STARSHINE’. It also manufactures Fans, Air Coolers and Mixer Grinders through third party manufacturers under its brand ‘STARSHINE’. It has network of dealers and distributors across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh and parts of Uttar Pradesh.
It also serves under Original Equipment Manufacturer (“OEM”) business models for LED Televisions. Under the OEM model, it manufactures and supplies products as per the requirements of our customers, who then further distribute these products under their own brands. With primary focus on quality, Arham Technologies Limited has been catering to a number of regional brands in Central India. With serving Original Equipment Manufacturer (OEM), it has adopted a cost-effective pricing strategy which gives the clients an upper hand over other brand.
For more information about the company, Click www.arhamtechnologies.co.in
Promoters of the IPO
(I) ROSHAN JAIN, (II) ANKIT JAIN, AND (III) ANEKANT JAI
Objects of the IPO:
The Company proposes to utilize the funds which are being raised through this Issue towards
To meet Working Capital requirements
| Arham Technologies Tentative timetable | |
| IPO opens on | 5 December,2022 |
| IPO Closes on | 7 December,2022 |
| IPO Allotment on | 12 December,2022 |
| Unblocking of ASBA | 13 December,2022 |
| Credit to Demat Accounts | 14 December,2022 |
| Listing on | 15 December,2022 |
| Registered Office of Arham Technologies | |
| Plot No. 15 Electronic Manufacturing Cluster, Sector 22, Village Tuta, Atal Nagarnava, Raipur – 492015, Chhattisgarh | |
| Arham Technologies IPO Lead Managers | |
| Finshore Management Services | |
| Registrar to Arham Technologies IPO | |
| CAMEO CORPORATE SERVICES LIMITED |
| Baheti Recycling Industries IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 0 | 0 | 0.31 | 1.86 |
| 2020-21 | 0 | 0 | 0.76 | 4.42 |
| 2021-22 | 0 | 0 | 3.84 | 17.49 |
| Book Value of the Share on | 31.03.2022 | Rs.0 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 42 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 11.7 |
| Upper Price/book value | 2.05 |
| Upper offer price/BV after IPO Ratio | |
| Baheti Recycling Industries IPO Peer Comparison | |||
| As on date of DRHP | Total | Net | PE |
| Income | Profit | Ratio of | |
| Rs.in Cr | Rs. in Cr | ||
| The IPO Company | 0 | 2.92 | 11.70 |
| – | 0 | 24.22 | |
| – | 0 | 17.80 | |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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