Arihant Academy IPO

Arihant Academy IPO

Arihant Academy IPO will open for subscription from 16 December 2022. the company aims for an issue size of ₹14.72 Cr through this IPO.

Arihant Academy Limited

The company 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 the commerce and science section; tutoring students in the 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 an entry-level and second level exam, in the commerce section.

It offers a hybrid model of teaching services through classroom-based coaching under the traditional Chalk & Talk concept and digital and distance learning, which supplements its classroom courses and allows students to engage in self-paced learning. The company operates under the brand name “Arihant Academy”.

The company had acquired the business of M/s. Arihant Academy, a partnership firm vide Business Transfer Agreement dated 5 February 2009. The company has managed to develop a base in the coaching classes sector by setting up 8 branches at the time of taking over the business of the M/s. Arihant Academy to 14 branches across all the sections as on December 2022. It caters to around 6,000 students from these above 14 coaching centers. Mr. Anil Suresh Kapasi looks after Science Section whereas Mr. Umesh Anand Pangam overviews ICSE, SSC, and Commerce Section.

Basic details about the company

Full nameArihant Academy Limited
IndustryEducational institutions
Company Website

The objective of the Issue

  • Funding working capital requirements.
  • General corporate purposes.

Major Competitive strengths

  • Professional & Organizational Development.
  • Experienced Management Team.
  • Result-oriented methods of coaching.
  • Hybrid Model of Coaching.
  • Qualified Pool of Faculty.

IPO Timetable

IPO Opening date16 December 2022
IPO Closing21 December 2022
Basis of Allotment26 December 2022
Initiation Refund27 December 2022
Credit to Demat Account28 December 2022
Listing Date29 December 2022

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹14.72 Cr – 1,635,200 shares
Fresh Issue₹14.72 Cr – 1,635,200 shares
Offer for saleNil
Face value₹10 per equity share
Offer price₹90
Lot size1600 Shares
Retail Allocation50%
Listing ExchangeNSE SME

Arihant Academy IPO Lot Size

Retail (Min)11600₹144,000
Retail (Max)11600₹144,000
S-HNI (Min)23,200₹288,000

Reservation Details

NII (HNI) Shares Offered50%
Retail Shares Offered50%

Arihant Academy Financial Performance

 FY 2020FY 2021FY 2022
Net income0.421.132.02
(Amount in ₹ Crores)

Arihant Academy Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio19.69
RONW (%)23.6338.7240.98

Company Promoters

  • Mr. Anil Suresh Kapasi
  • Mr. Umesh Anand Pangam

Arihant Academy IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.00%

Lead Manager(s)

  • Shreni shares Pvt Ltd

Arihant Academy IPO Registrar

Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Phone : 
022 – 6263 8200

Arihant Academy Contact Details

Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai –400 066, Maharashtra
Phone: +91 9920781706

Arihant Academy IPO Allotment Status

Arihant Academy IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.

Final thoughts

Arihant Academy 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

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