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 name | Arihant Academy Limited |
| Sector | Others |
| Industry | Educational institutions |
| Company Website | https://arihantacademy.com/ |
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 date | 16 December 2022 |
| IPO Closing | 21 December 2022 |
| Basis of Allotment | 26 December 2022 |
| Initiation Refund | 27 December 2022 |
| Credit to Demat Account | 28 December 2022 |
| Listing Date | 29 December 2022 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹14.72 Cr – 1,635,200 shares |
| Fresh Issue | ₹14.72 Cr – 1,635,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per equity share |
| Offer price | ₹90 |
| Lot size | 1600 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
Arihant Academy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹144,000 |
| Retail (Max) | 1 | 1600 | ₹144,000 |
| S-HNI (Min) | 2 | 3,200 | ₹288,000 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Arihant Academy Financial Performance
| FY 2020 | FY 2021 | FY 2022 | |
| Revenue | 19.21 | 14.08 | 15.21 |
| Expenses | 18.56 | 12.58 | 12.62 |
| Net income | 0.42 | 1.13 | 2.02 |
Arihant Academy Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 0.95 | 2.55 | 4.57 |
| PE ratio | – | – | 19.69 |
| RONW (%) | 23.63 | 38.72 | 40.98 |
| NAV | 4.03 | 6.58 | 11.14 |
Company Promoters
- Mr. Anil Suresh Kapasi
- Mr. Umesh Anand Pangam
Arihant Academy IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.00% |
Lead Manager(s)
- Shreni shares Pvt Ltd
Arihant Academy IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
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
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Arihant Academy Contact Details
ARIHANT ACADEMY LIMITED
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai –400 066, Maharashtra
Phone: +91 9920781706
E-mail: investors@arihantacademy.com
Website: www.arihantacademy.com
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
