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Open
16 Dec 2022
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Close
21 Dec 2022
3
Allotment
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Listing
Thu, Dec 29, 2022
Price Band
₹90 per share
Issue Size
16,35,200 shares (agg. up to ₹15 Cr)
Lot Size
1,600 Shares
Listing Date
Thu, Dec 29, 2022
✦ AI Insight
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 233.28x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 11.04 | 8.29 | 8.14 |
| Total Income | 15.32 | 14.10 | 19.21 |
| Profit After Tax | 2.02 | 1.13 | 0.42 |
| NET Worth | 4.92 | 2.90 | 1.77 |
| Reserves and Surplus | 4.92 | 2.90 | 1.77 |
| Total Borrowing | 1.28 | 0.49 | 0.89 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Ascensive Educare Ltd. | SME | ₹2.26 Cr | ₹26 | 18.98 | ₹28.95 | +11.35% | ₹19.55 (-3.03%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements; and | 11.00 |
| 2 | General corporate purposes | 2.72 |
About Arihant Academy IPO
Incorporated in 2007, Arihant Academy Limited is engaged in providing coaching services and parallel educational support verticals. The company offers services 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 the entry-level and second level exam, in the commerce section. The company operates under the brand name "Arihant Academy". 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. Arihant Academy Limited caters to around 6,000 students from these 14 coaching centres. Competitive Strengths: Hybrid Model of Coaching. Experienced Management Team. Qualified Pool of Faculty. Professional & Organizational Development. Result-oriented methods of coaching. + Read More
Contact Details
Arihant Academy Ltd. AddressGround Floor, Triveni SadanOpp Ambe Mata Temple, Carter Road No.3Borivali (East)Mumbai, Maharashtra, 400066+91 9920781706investors@arihantacademy.comVisit Website