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GMP, Review, Price, and Allotment for the Arihant Academy IPO

by Suraj Borade
December 17, 2022
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Arihant Academy IPO
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GMP, Review, Price, and Allotment for the Arihant Academy Initial Public OfferingArihant Academy IPO

  • Financials for the Initial Public Offering of Arihant Academy – Class 8, 9, and 10 for State Board and ICSE Board; Class 11 and 12 for commerce and science section.
  • Tutoring in the sciences for entrance exams like JEE (Main) and JEE (Advanced) and MHT- CET (State level), NEET (National level), and MHT- CET (State level, Maharashtra), and preparing students for professional exams such as the Chartered Accountant (CA) and Cost Accountant (CA) exams.
  • Its courses are supplemented by digital and distant learning in addition to the more conventional Chalk & Talk teaching method, giving students the freedom to learn at their own speed. Arihant Academy is the trade name under which the business is conducted.
  • Per a Business Transfer Agreement dated 5 February 2009, the company had previously purchased the assets and operations of M/s. Arihant Academy, a partnership.
  • With only 8 locations when it took over the M/s. Arihant Academy’s operations, the company has expanded into a substantial presence in the coaching classes market; by December 2022, it will operate 14 locations across all sectors. Nearly 6,000 kids from those 14 tutoring facilities benefit from its services.
  • Mr. Umesh Anand Pangam oversees the ICSE, SSC, and Commerce Section, while Mr. Anil Suresh Kapasi is in charge of the Science Department.

Benefits of the Competition:

  • There is a hybrid model of coaching.
  • Staff with Years of Experience at the Helm.
  • Staffing Pool of Qualified Professors.
  • Education for Success in Work and Life.
  • Approaches to coaching that focus on achieving specific goals.

Money and Business

Arihant Academy Limited Financial Information (Restated)
Period Ended Total Assets Total Revenue Profit After Tax Net Worth Reserves and Surplus Total Borrowing
31-Mar-20 814.3 1921.12 42.09 177.17 177.17 89.38
31-Mar-21 829.09 1409.77 112.56 289.73 289.73 48.98
31-Mar-22 1104.26 1531.97 201.86 491.59 491.59 127.6

Arihant Academy IPO Details

Arihant Academy IPO Dates 16 – 21 December 2022
Arihant Academy IPO Price INR 90 per share
Fresh issue 16,35,200 shares (INR 14.72 crore)
Offer For Sale Nil
Total IPO size 16,35,200 shares (INR 14.72 crore)
Minimum bid (lot size) 1,600 shares (INR 1,44,000)
Face Value  INR 10 per share
Retail Allocation 50%
Listing On NSE Emerge

Arihant Academy IPO

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

Initial Public Offering (IPO) timetable for Arihant Academy

The IPO for Arihant Academy is open from December 16, 2022, through December 21, 2022. There will be a bidding period for Arihant Academy’s initial public offering (IPO) beginning on December 16, 2022, at 10:00 AM and ending on December 21, 2022, at 5:00 PM. UPI Mandate confirmation must be received by 5 PM on the issuance closing day.

Event Tentative Date
Opening Date Dec 16, 2022
Closing Date Dec 21, 2022
Basis of Allotment Dec 26, 2022
Initiation of Refunds Dec 27, 2022
Credit of Shares to Demat Dec 28, 2022
Listing Date Dec 29, 2022

Also, Visit KFin Technologies IPO.

Arihant Academy Offer Lead Manager

SHRENI SHARES PRIVATE LIMITED
Office No. 102, 1st Floor,
Sea Lord CHS, Ram Nagar, Borivali (West),
Mumbai – 400 092, Maharashtra
Phone: 022 – 2808 845
Email: shrenishares@gmail.com
Website: www.shreni.in

Arihant Academy offers 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

—————————————————————————————————————————–x

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 FAQs

1). What is the size of the Arihant Academy IPO?
The offer size for Arihant Academy is INT 14.72 crore.

2). What is the price band for the Arihant Academy IPO?
The price of an Arihant Academy share in the public offer is INR 90.

3). How big are the Arihant Academy IPO lots?
The number of shares in an Arihant Academy offer lot is 1,600.

4).What is the IPO GMP for Arihant Academy today?
Arihant Academy’s IPO GMP is NA per share as of today.

5). What is the kostak rate at Arihant Academy right now?
Today, each application to Arihant Academy costs INR 25,000.

6). What is the current rate for Arihant Academy Subject to Sauda?
Arihant Academy Subject to Sauda rate is currently NA per application.

7). How big are the Arihant Academy IPO lots?

Arihant Academy’s initial public offering (IPO) has a minimum order size of 1600 shares.

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