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.
| Date | GMP | Kostak | Subject To Sauda |
| 12 December 2022 | ₹- | ₹- | ₹- |
Arihant Academy SME IPO Date & Price Band.
| IPO Open: | Dec 16, 2022 |
| IPO Close: | Dec 21, 2022 |
| IPO Size: | ₹14.72 Crores |
| Price Band: | ₹90 per share |
| Listing on: | NSE SME |
| Retail Portion: | 50% of the net offer |
| Equity: | 1,635,200 shares |
| Face Value: | ₹10 per share |
Arihant Academy SME IPO Market Lot
The Arihant Academy IPO lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹144,000).
- Shares: Minimum 1600 shares
- Minimum Amount: ₹144,000
- Maximum Amount: ₹144,000
Arihant Academy SME IPO Allotment & Listing:
- Basis of Allotment: Dec 26, 2022
- Refunds: Dec 27, 2022
- Credit to Demat accounts: Dec 28, 2022
- Listing: Dec 29, 2022
Arihant Academy SME IPO Form
How to apply Arihant Academy IPO? You can apply Arihant Academy IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Arihant Academy IPO in the Invest section. The other option you can apply Arihant Academy IPO via IPO forms download via the NSE website. Check out the Arihant Academy forms – click NSE IPO Forms download, fill and submit in your bank or with your broker.
Arihant Academy SME Company Financial Report
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
| 31-Mar-20 | 814.3 | 1921.12 | 42.09 |
| 31-Mar-21 | 829.09 | 1409.77 | 112.56 |
| 31-Mar-22 | 1104.26 | 1531.97 | 201.86 |
Arihant Academy SME IPO Valuation – FY2022
| Earning Per Share (EPS): | ₹4.57 per Equity Share |
| Price/Earning P/E Ratio: | 19.69 |
| Return on Net Worth (RoNW): | 40.93% |
| Net Asset Value (NAV): | ₹11.14 per Equity Share |
Peer Group
- CL Educate Limited
- Veranda Learning Solutions Limited
Company Promoters
- Mr. Anil Suresh Kapasi
- Mr. Umesh Anand Pangam
Arihant Academy SME IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
Company Address
Arihant Academy Limited
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai – 400066
Phone: +91 9920781706
Email: [email protected]
Website: http://www.arihantacademy.com/
Quick Links:
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Objects of the Issue:
- Financing the expenditure for opening new stores.
- To repay of short term borrowings.
- To meet Working Capital requirements.
- General Corporate Purpose.
- To meet issue expenses
Arihant Academy SME IPO FAQs
What is Arihant Academy SME IPO Open Date for QIB, NII, and Retail?
Arihant Academy SME IPO will open on Dec 16, 2022
Arihant Academy SME IPO Size?
Arihant Academy IPO size is Approx ₹14.72 Crores
Arihant Academy SME IPO Price Band?
Arihant Academy SME IPO Price Band is ₹90 per share
Arihant Academy SME IPO Minimum Lot Size?
The minimum bid is 1600 Shares with a ₹144,000 Minimum Lot Size.
What is Arihant Academy SME IPO Allotment Date?
Arihant Academy SME IPO allotment date is Dec 26, 2022
What is Arihant Academy SME IPO Listing Date?
Arihant Academy SME IPO listing date is Dec 29, 2022. The IPO is to list on NSE SME.