Arihant Academy Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 776,000 (47%) | — | ₹698 Cr |
| Retail | — | 776,000 (47%) | — | ₹698 Cr |
| Market Maker | — | 83,200 (5%) | — | ₹7 Cr |
| Σ Total | — | 1,635,200 (100%) | — | ₹14,717 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹144,000 |
| Retail (Max) | 13 | 20,800 | ₹1,872,000 |
| S-HNI (Min) | 14 | 22,400 | ₹2,016,000 |
| B-HNI (Min) | 67 | 107,200 | ₹9,648,000 |
Financial Statements Amount in Lakhs
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Revenue | 1,921 | 1,410 | 1,532 |
| Profit After Tax | 42 | 113 | 202 |
| Net Worth | 177 | 290 | 492 |
| Total Assets | 814 | 829 | 1,104 |
| Reserves & Surplus | 177 | 290 | 492 |
| Total Borrowing | 89 | 49 | 128 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Funding working capital requirements; and – 11.00
- 2 General corporate purposes – 2.72
Company Overview
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.