GMP, Review, Price, and Allotment for the Arihant Academy Initial Public Offering
- 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
| 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 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
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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.
