Arrowhead Seperation Engineering IPO

Arrowhead Seperation Engineering IPO will open for subscription from 16 December 2023. The company aims for an issue size of  ₹13 Cr through this IPO.

Company Overview

Full nameArrowhead Seperation Engineering Limited
SectorCapital Goods
IndustryEngineering-Industrial Equipments
Company Website

About Company

Arrowhead Seperation Engineering is primarily engaged in the design and production of various chemical process Equipment with a specialization in continuous drying and cooling system equipment. The company has the vision to develop equipment and provide a solution that matches the global standard.

Arrowhead Seperation Engineering’s focus is to meet the expectations of the customers by providing them with high-quality products that meet their satisfaction. Additionally, the company follows ethical business practices and maintains complete transparency in all transactions to build and maintain strong relationships with the customers.

The core strength of Arrowhead lies in the following:-

  • Customized product for each client
  • Qualified and experienced Executive Directors
  • Wide range of products
  • Relationship with Customers and Suppliers
  • Location of manufacturing unit

Arrowhead has an on-payroll employee strength of 54 persons as of 30 June 2023, and it also employs industry professionals for project-specific work on a professional basis from time to time. The company’s primary products are stated below:

  • Drum Dryer
  • Rotary Dryer
  • Flaker System
  • Zero Liquid Discharge System

The Objectives of the Issue

  • Repayment of Loan from NBFC’s;
  • Funding Working capital requirements;
  • General Corporate Purpose;

Arrowhead Seperation Engineering IPO Timetable

IPO Opening date16 December 2023
IPO Closing20 December 2023
Basis of Allotment23 December 2023
Initiation Refund24 December 2023
Credit to Demat Account28 December 2023
Listing Date29 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on November 20, 2023)

Arrowhead Seperation Engineering IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹13 Cr – 558,000 shares
Fresh Issue₹13 Cr – 558,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹233 per share
Lot size600 Shares
Market Maker portion30,000 shares
Shareholding pre-issue1,313,325
Shareholding post-issue1,871,325
Listing ExchangeBSE SME

Arrowhead Seperation Engineering IPO Lot Size

Retail (Min)1600₹139,800
Retail (Max)1600₹139,800
HNI (Min)21,200₹279,600

Arrowhead Seperation Engineering IPO Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Arrowhead Seperation Engineering Financial Performance

 FY 2021FY 2022FY 2023Q1 FY 2024
Net income(179.19)9.17169.1864.34
(Amount in ₹ Lakhs)

Arrowhead Seperation Engineering Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio18.09
RONW (%)(263.19)11.8768.75
EBITDA (%)(4.81)9.9114.91
ROCE (%)(7.55)13.1730.94

Company Promoters

  • Ajit Mundle
  • Jyoti Mundle

Promoter Holding

Pre Issue Share Holding50%
Post Issue Share Holding35.09%

Arrowhead Seperation Engineering IPO Lead Manager(s)

60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999

Arrowhead Seperation Engineering Registrar

“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700

Arrowhead Seperation Engineering Contact Details

W-164/E, T.T.C Industrial Area, Village Pawane,
Thane Belapur Road, Navi Mumbai 400710
Phone: +91 84228 29060

Arrowhead Seperation Engineering IPO Allotment Status

Arrowhead IPO allotment status will be available on Cameo Corporate Services’ website. Click on Cameo Corporate Services weblink to get allotment status.

Final thoughts

Arrowhead Seperation Engineering IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and 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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