Arham Technologies IPO

Closed

Subscription Details

  • Open Date 05 Dec
  • Close Date 07 Dec
  • Lot Size 3000
  • IPO Size ₹ 9.58 Cr
  • IPO Price Range ₹ 42

Arham Technologies IPO Subscription Status

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Date NII Retail TOTAL
5-Dec-22 0.98x 4.96x 2.97x
6-Dec-22 22.20x 65.07x 43.64x
7-Dec-22 418.27x 481.79x 450.03x

IPO Synopsis

Arham Technologies IPO opens on Dec 5, 2022, and closes on Dec 7, 2022. The issue consists of fresh issuance of 22,80,000 Equity Shares aggregating to Rs. 9.58 crores. The lot is fixed at 3000 shares per lot and the share price is set for Rs. 42 per share. The shares will be allotted on Dec 12, 2022 while the listing date is set for Dec 15, 2022. 
Finshore Management Services Limited is the running book manager for this issue.

 

Objective of Arham Technologies IPO

The net proceeds from the issue will be used for: 
•    To meet the working capital requirements
•    To meet the Issue Expenses
•    General Corporate Purposes
 

 

About Arham Technologies

Arham Technologies Limited 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 the brand ‘STARSHINE’. It has a network of dealers and distributors across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh and parts of Uttar Pradesh. It also has an OEM business model for LED televisions under which it manufactures and supplies products as per the requirements of its customers, who then further distribute these products under their own brands. 

It plans to add other products in its portfolio by way of white labelling, to be a part of bigger portfolio of products. However, it plans to keep its focus on sales of Smart Televisions by making schemes and offers centric to Televisions. It is also setting up a manufacturing facility for Fans at the existing locations.

It located in Electronic Manufacturing Cluster, in new Smart City of Raipur, which is one of the very first smart cities of India. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states. Inland port, also gives an advantage to the location, which brings down cost of import and exports as compared to busy ports like Nhava Sheva etc.

It has launched its D2C business website and the products are also listed on various ecommerce platforms like Amazon and Flipkart
 

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 36.5 22.8 13.8
EBITDA 5.6 3.8 1.6
PAT 3.0 2.0 0.6
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 23.1 15.4 9.8
Share Capital 2.1 2.1 2.1
Total Borrowings 10.3 8.1 7.3
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities -3.6 -2.0 0.5
Net cash from / (used in) investing activities 1.4 -0.3 -0.1
Net cash flow from / (used in) financing activities 2.2 2.2 -0.2
Net increase (decrease) in cash and cash equivalents 0.0 -0.1 0.2

Peer Comparison

The company has no peers across the various business segments in which it operates in. 


IPO Key Points

  • Strengths

    •    Organizational stability
    •    Smooth flow of operations & Strong customer relationship
    •    Well-defined organizational structure
    •    Infrastructure and Integrated Manufacturing Facility
    •    Constant focus on developing a new and innovative product
    •    Geographical Advantage
     

  • Risks

    •    Emergence of alternate products which may be technologically advanced and our inability to keep pace with the change
    •    Increased competition in industries/sector
    •    Failure to obtain any applicable approvals, licenses, registrations and permits in a timely manner
    •    Dependence on limited number of customers/suppliers/brands for a significant portion of the revenues
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

  • Approve the mandate request on your UPI and funds will be blocked

IPO FAQs

What is the minimum lot size and investment required for the Arham Technologies IPO?

The Arham Technologies IPO lot size is 3000 shares per lot.  A retail-individual investor can apply for up to 1 lot (3000 shares or ₹126,000)

What is the price band of the IPO?

The price of the IPO is Rs. 42 per share.

When does the Arham Technologies issue open and close?

The Arham Technologies issue opens on Dec 5 and closes on Dec 7. 

What is the size of Arham Technologies IPO issue?

The IPO issue consists of the issue consists of issuance of 2,280,000 Equity Shares.

Who are the promoters/key personnels of Arham Technologies?

Arham Technologies is promoted by Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain.

What is the allotment date of Arham Technologies IPO?

The allotment date of the Arham Technologies IPO is 12th December

What is the Arham Technologies IPO listing date?

The listing date for the issue is 15th December. 

Who are the book runners for Arham Technologies IPO?

Finshore Management Services Limited is the book running lead manager to the issue.

What is the objective of the issue?

The net proceeds from the issue will be utilised for:
•    To meet the working capital requirements
•    To meet the Issue Expenses
•    General Corporate Purposes 

How to apply for the Arham Technologies IPO?

To apply for the IPO, follow the steps given below
•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app

Contact Details of Arham Technologies IPO

Contact Information

Arham Technologies Limited

Plot No. 15 Electronic Manufacturing Cluster,
Sector 22, Village Tuta,
Atal Nagarnava, Raipur - 492015,
Phone: +91 70697 66778
Email: cs@arhamtechnologies.co.in
Website: http://www.arhamtechnologies.co.in/

Arham Technologies IPO Register

Cameo Corporate Services Limited

Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/

Arham Technologies IPO Lead Manager

Finshore Management Services Limited