December 29, 2022
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Arihant Academy IPO Analysis at Chanakyanipothi.com
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Arihant Academy IPO Subscription Status
# On 21 December 2022 @ 5.00 pm (Closed)
NII: 776000 Shares, 242.88T
RII : 776000 Shares, 228.55T
Total: 1552000 Shares 235.71T
Arihant Academy IPO Grey Market updates
Observations: (?)
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Arihant Academy IPO Guidance: The IPO size is normal in today’s context. The pricing part is also reasonable, yet we have to understand that the profits during last 2 years have shown sharp rise. We have to assume that this trend is genuine.
Arihant Academy Company Details
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For more information about the company, Click www.arihantacademy.com
| Arihant Academy IPO Details | |
| IPO opens on | 16 December 2022 |
| IPO closes on | 21 December 2022 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 1635200 Shares /Rs 14.71 Cr |
| * Fresh Issue | 1635200 Shares /Rs 14.71Cr |
| * Offer for Sale | – Shares /Rs (?)Crore |
| Face Value per share: | Rs. 10 |
| Price Band | Rs. 90 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1600 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (00 %) | 0 | 0 |
| NII (50 %) | 776000 | 6.98 |
| RII (50 %) | 776000 | 6.98 |
| Total Shares | 1552000 | 13.96 |
| Retail portion will be oversubscribed by | 485 | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 1600 Shares | Rs. 144000 |
| Max Retail Application | 1600 shares | Rs. 144000 |
Promoters of the IPO
MR. ANIL SURESH KAPASI AND MR. UMESH ANAND PANGAM
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds for funding working capital requirements.
| Arihant Academy IPO Tentative timetable | |
| IPO opens on | 16 December,2022 |
| IPO Closes on | 21 December,2022 |
| IPO Allotment on | 26 December,2022 |
| Unblocking of ASBA | 27 December,2022 |
| Credit to Demat Accounts | 28 December,2022 |
| Listing on | 29 December,2022 |
| Registered Office of Arihant Academy | |
| Ground Floor, Triveni Sadan, Opp Ambe Mata Temple, Carter Road No. 3, Borivali (East), Mumbai –400 066, |
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| Arihant Academy IPO Lead Managers | |
| Shreni Shares Pvt Ltd | |
| Registrar to Arihant Academy IPO | |
| BIGSHARE SERVICES Pvt Ltd |
| Arihant Academy IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. Cr | Rs. Cr | Rs. | % | |
| 2019-20 | 19.21 | 0.42 | 0.95 | 23.63 |
| 2020-21 | 14.10 | 1.13 | 2.55 | 38.72 |
| 2021-22 | 15.32 | 2.02 | 4.57 | 40.98 |
| Book Value of the Share on | 31.03.2022 | Rs.11.14 | ||
| Book Value of the Share | after the IPO | Rs.- | ||
| Offer Price | Rs. 90 | |||
| Ratio Analysis | |
| Upper Price Band/last EPS | 19.69 |
| Upper offer price/Book Value Ratio | 8.08 |
| Upper offer price/BV after IPO Ratio | |
| Arihant Academy IPO Peer Comparison | |||
| As on date of DRHP | Total | Net | PE |
| Rs. in Cr. | Income | Profit | Ratio of |
| Rs. | Rs | ||
| The IPO Company | – | 19.69 | |
| CL Educate | – | 44.92 | |
| Veranda Learning | (76.50) | ||
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