Arihant Academy IPO
IPO Details
- Open Date 16-Dec-23
- Close Date 21-Dec-23
- IPO Size ₹ 14.72 Cr
- IPO Price Range ₹ 90
Arihant Academy IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 16-Dec-22 | 1.52x | 3.21x | 2.36x |
| 19-Dec-22 | 3.79x | 21.40x | 12.59x |
| 20-Dec-22 | 11.91x | 60.45x | 36.18x |
| 21-Dec-22 | 242.89x | 228.85x | 235.87x |
IPO Synopsis
Arihant Academy IPO opens on Dec 16, 2022, and closes on Dec 21, 2022. The issue worth Rs. 14.72 cr consists of fresh issue of 1,635,200 equity shares. The issue’s lot size is fixed at 1600 shares per lot and the price is set at Rs. 90 per share. The issue will be listed on NSE SME on 29th December and the investors will be allotted on 26th December. The company is promoted by Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam. Shreni Shares Pvt. Ltd. is the leading book manager for the issue.
Objective of the Issue
The Net Proceeds from the Issue will be utilised towards:
• Funding working capital requirements
• General corporate purposes
About Arihant Academy
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; 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.
It offers hybrid model of teaching services through classroom-based coaching under traditional Chalk & Talk concept and digital and distance learning, which supplement our classroom courses and allow students to engage in self-paced learning.
The company has 14 branches for its coaching centres and coaches around 6,000 students.
Arihant Academy Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue from operations | 15.2 | 14.1 | 19.2 |
| EBITDA | 3.3 | 2.2 | 1.4 |
| PAT | 2.0 | 1.1 | 0.4 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 11.0 | 8.3 | 8.1 |
| Share Capital | 0.0 | 0.0 | 0.0 |
| Total Borrowings | 1.3 | 0.5 | 0.9 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.8 | 1.8 | -0.1 |
| Net cash from / (used in) investing activities | 0.0 | -1.2 | -0.7 |
| Net cash flow from / (used in) financing activities | 0.0 | -1.2 | -0.7 |
| Net increase (decrease) in cash and cash equivalents | 2.5 | 0.2 | -1.6 |
Peer Comparison
| Name of the Company | Basic EPS | CMP Rs. per share | PE | RoNW% |
|---|---|---|---|---|
| Arihant Academy Limited | 4.57 | 90 | 19.69 | 40.93% |
| CL Educate Limited | 3.28 | 164.55 | 50.17 | 3.48% |
| Veranda Learning Solutions Limited | -3.67 | 279.05 | -76.04 | -10.37% |
IPO Key Points
-
Strengths
• Hybrid Model of Coaching.
• Experienced Management Team.
• Qualified Pool of Faculty.
• Professional & Organizational Development.
• Result-oriented methods of coaching.
-
Risks
• Changes in laws and regulations relating to the sectors/areas in which it operates
• Fluctuations in operating costs
• Inability to attract and retain personnel
• Inability to maintain or enhance the brand recognition
• Inability to adequately protect the trademarks
• Changes in consumer demand
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
Open Demat Account in 5 minutes
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IPO FAQs
What is the price of the IPO?
The price of the IPO is Rs. 90
When does the Arihant Academy issue open and close?
Arihant Academy IPO opens on Dec 16, 2022, and closes on Dec 21, 2022
What is the size of Arihant Academy IPO issue?
The issue worth Rs. 14.72 cr consists of fresh issue of 1,635,200 equity shares.
What is the allotment date of Arihant Academy?
The allotment date of Arihant Academy is 26th December
What is the Arihant Academy listing date?
The listing date for Arihant Academy is 29th December
What is the lot size and investment required for the Arihant Academy IPO?
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).
What is the objective of the issue?
The Net Proceeds from the Issue will be utilised towards:
• Funding working capital requirements
• General corporate purposes
How to apply for the Arihant Academy?
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
Who are the promoters/key personnels of Arihant Academy?
Arihant Academy is promoted by Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam
Who are the book runners for Arihant Academy IPO?
Shreni Shares Pvt. Ltd. is the leading book manager for the issue.
Contact Details of Arihant Academy IPO
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 Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Arihant Academy IPO Lead Manager
SHRENI SHARES PRIVATE LIMITED