16 Dec 2022
21 Dec 2022
₹ 14.72 Cr
29 Dec 2022
₹ 90 per share
Arihant Academy 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.
The issue worth Rs. 14.72 cr consists of fresh issue of 1,635,200 equity shares.
The Net Proceeds from the Issue will be utilised towards: • Funding working capital requirements • General corporate purposes
The Arihant Academy IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).
The shares will be allotted on 26th December
Arihant Academy is promoted by Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam
Shreni Shares Pvt. Ltd. is the leading book manager for the issue.