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.

Company Financials

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
Amount in ₹ Lakhs

Objects of the Issue

The company proposes to utilize the Net Proceeds from the Issue towards funding the following objects:

1. Funding working capital requirements.

2. General corporate purposes.

Arihant Academy IPO Details

IPO Date Dec 16, 2022 to Dec 21, 2022
Listing Date [.]
Face Value ₹10 per share
Price ₹90 per share
Lot Size 1600 Shares
Issue Size 1,635,200 shares of ₹10
(aggregating up to ₹14.72 Cr)
Fresh Issue 1,635,200 shares of ₹10
(aggregating up to ₹14.72 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
NII (HNI) Shares Offered 50% of the net offer
Retail Shares Offered 50% of the net offer
Market Maker SHRENI SHARES PRIVATE LIMITED
Company Promoters Mr. Anil Suresh Kapasi and Mr. Umesh Anand Pangam are the company promoters.

Arihant Academy IPO Tentative Timetable

Arihant Academy IPO opens on Dec 16, 2022, and closes on Dec 21, 2022. The Arihant Academy IPO bid date is from Dec 16, 2022 10.00 A.M. to Dec 21, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue 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

Arihant Academy IPO Lot Size

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).

Application Lots Shares Amount
Retail (Min) 1 1600 ₹144,000
Retail (Max) 1 1600 ₹144,000
HNI (Min) 2 3,200 ₹288,000

Arihant Academy IPO Promoter Holding

Pre Issue Share Holding 100.00%
Post Issue Share Holding 73.00%

Arihant Academy IPO Review

The company is operating in a highly competitive and fragmented segment. Based on its financial performance, the issue appears fully priced. The sustainability of margins reported for the last 18 months raises concern. Well-informed, cash surplus risk seekers may consider an investment with a long-term perspective. Read detail review…

Arihant Academy IPO Prospectus

Company Contact Information

Arihant Academy Limited
Ground Floor, Triveni Sadan,
Opp Ambe Mata Temple, Carter Road No. 3,
Borivali (East), Mumbai – 400066
Phone: +91 9920781706
Email: investors@arihantacademy.com
Website: http://www.arihantacademy.com/

Arihant Academy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com