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 name | Arrowhead Seperation Engineering Limited |
| Sector | Capital Goods |
| Industry | Engineering-Industrial Equipments |
| Company Website | https://www.arrowhead-dryers.com/ |
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 date | 16 December 2023 |
| IPO Closing | 20 December 2023 |
| Basis of Allotment | 23 December 2023 |
| Initiation Refund | 24 December 2023 |
| Credit to Demat Account | 28 December 2023 |
| Listing Date | 29 December 2023 |
Arrowhead Seperation Engineering IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹13 Cr – 558,000 shares |
| Fresh Issue | ₹13 Cr – 558,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹233 per share |
| Lot size | 600 Shares |
| Market Maker portion | 30,000 shares |
| Shareholding pre-issue | 1,313,325 |
| Shareholding post-issue | 1,871,325 |
| Listing Exchange | BSE SME |
Arrowhead Seperation Engineering IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹139,800 |
| Retail (Max) | 1 | 600 | ₹139,800 |
| HNI (Min) | 2 | 1,200 | ₹279,600 |
Arrowhead Seperation Engineering IPO Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Arrowhead Seperation Engineering Financial Performance
| FY 2021 | FY 2022 | FY 2023 | Q1 FY 2024 | |
| Revenue | 912.29 | 1,087.13 | 2,150.10 | 872.26 |
| Expenses | 1,039.68 | 1,078.81 | 1,987.77 | 795.72 |
| Net income | (179.19) | 9.17 | 169.18 | 64.34 |
Arrowhead Seperation Engineering Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (13.64) | 0.70 | 12.88 |
| PE ratio | – | – | 18.09 |
| RONW (%) | (263.19) | 11.87 | 68.75 |
| NAV | 8.42 | 9.56 | 18.74 |
| EBITDA (%) | (4.81) | 9.91 | 14.91 |
| ROCE (%) | (7.55) | 13.17 | 30.94 |
| Debt/Equity | 8.82 | 9.05 | 3.30 |
Company Promoters
- Ajit Mundle
- Jyoti Mundle
Promoter Holding
| Pre Issue Share Holding | 50% |
| Post Issue Share Holding | 35.09% |
Arrowhead Seperation Engineering IPO Lead Manager(s)
ARYAMAN FINANCIAL SERVICES LIMITED
60, Khatau Building, Ground Floor,
Alkesh Dinesh Modi Marg, Fort, Mumbai – 400 001
Phone: +91 22 – 6216 6999
Email: ipo@afsl.co.in
Website: www.afsl.co.in
Arrowhead Seperation Engineering Registrar
CAMEO CORPORATE SERVICES LIMITED
“Subramanian Building”, No. 01, Club House Road,
Mount Road, Chennai – 600 002, Tamil Nadu
Phone: +91-44-40020700
Email: investor@cameoindia.com
Website: www.cameoindia.com
Arrowhead Seperation Engineering Contact Details
ARROWHEAD SEPERATION ENGINEERING LIMITED
W-164/E, T.T.C Industrial Area, Village Pawane,
Thane Belapur Road, Navi Mumbai 400710
Phone: +91 84228 29060
E-mail: info@arrowhead-dryers.co.in
Website: www.arrowhead-dryers.co.in
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
