Arham Technologies IPO will open for subscription from 05 December 2022. the company aims for an issue size of ₹9.58 Cr through this IPO.
Arham Technologies Limited
Incorporated in 2013, Arham Technologies Limited is engaged in the manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand ‘STARSHINE’. The company also manufactures Fans, Air Coolers, and Mixer Grinders through third-party manufacturers.
Arham Technologies Limited serves under Original Equipment Manufacturer (“OEM”) business models for LED Televisions. The company manufacture and supplies products as per the requirements of the customers, who then further distribute these products under their brands.
Raw materials like open cells, Electronic Circuits (Mainboard), cabinets, and Back Light Units (BLU) is imported from China and Hongkong. Other accessories i.e. Speakers, Stands, etc. are procured from domestic suppliers in India. The company is strategically located in the new Smart City of Raipur, one of India’s very first smart cities. 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.
Basic details about the company
| Full name | Arham Technologies Limited |
| Sector | Consumer Durables |
| Industry | Consumer Durables – Electronics |
| Company Website | https://arhamtechnologies.co.in/ |
Objects of the Issue
- To meet the working capital requirements.
- To meet the Issue Expenses.
- General Corporate Purposes.
Major Competitive strengths
- Constant focus on developing new and innovative products.
- Well-defined organizational structure and Organizational stability.
- Strong team with experience and expertise.
- Smooth flow of operations & Strong customer relationships.
- Constant focus on developing new and innovative products.
- Geographical Advantage.
- Infrastructure and Integrated Manufacturing Facility.
- Eligible for incentives from State Government for investing under IT & ES policy of Chhattisgarh.
Dates to remember
| IPO Opening date | 05 December 2022 |
| IPO Closing | 07 December 2022 |
| Basis of Allotment | 12 December 2022 |
| Initiation Refund | 13 December 2022 |
| Credit to Demat Account | 14 December 2022 |
| Listing Date | 15 December 2022 |
Arham Technologies IPO Details
| IPO Date | Dec 5, 2022 to Dec 7, 2022 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,280,000 shares of ₹10 (aggregating up to ₹9.58 Cr) |
| Fresh Issue | 2,280,000 shares of ₹10 (aggregating up to ₹9.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
Arham Technologies IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 977.71 | 1379.28 | 56.51 | 164.75 | 1.67 | 730.68 |
| 31-Mar-21 | 1542.22 | 2280.11 | 203.76 | 411.44 | 205.44 | 813.38 |
| 31-Mar-22 | 2314.27 | 3727.37 | 302.01 | 713.44 | 507.44 | 1032.89 |
Company Promoters
- Mr. Roshan Jain
- Mr. Ankit Jain
- Mr. Anekant Jain
Arham Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.05% |
Lead Manager(s)
- Finshore Management Services Limited
Arham Technologies IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/
Company 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/
Final thoughts
Arham Technologies IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
