Arrowhead Seperation Engineering IPO is a fixed price issue of Rs 13.00 crores. The issue is entirely a fresh issue of 5.58 lakh shares.
Arrowhead Seperation Engineering IPO opens for subscription on November 16, 2023 and closes on November 20, 2023. The allotment for the Arrowhead Seperation Engineering IPO is expected to be finalized on Thursday, November 23, 2023. Arrowhead Seperation Engineering IPO will list on BSE SME with tentative listing date fixed as Wednesday, November 29, 2023.
Arrowhead Seperation Engineering IPO price is ₹233 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹139,800. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹279,600.
Aryaman Financial Services Limited is the book running lead manager of the Arrowhead Seperation Engineering IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Arrowhead Seperation Engineering IPO is Aryaman Capital Markets.
Refer to Arrowhead Seperation Engineering IPO RHP for detailed information.
Arrowhead Seperation Engineering IPO Details
| IPO Date | November 16, 2023 to November 20, 2023 |
| Listing Date | [29 NOVEMBER 2023] |
| Face Value | ₹10 per share |
| Price | ₹233 per share |
| Lot Size | 600 Shares |
| Total Issue Size | 558,000 shares (aggregating up to ₹13.00 Cr) |
| Fresh Issue | 558,000 shares (aggregating up to ₹13.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 1,313,325 |
| Share holding post issue | 1,871,325 |
| Market Maker portion | 30,000 shares Aryaman Capital Markets |
Arrowhead Seperation Engineering IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| Retail Shares Offered | 50% of the Net issue |
| Other Shares Offered | 50% of the Net issue |
Arrowhead Seperation Engineering IPO Timeline (Tentative Schedule)
Arrowhead Seperation Engineering IPO opens on November 16, 2023, and closes on November 20, 2023.
| IPO Open Date | Thursday, November 16, 2023 |
| IPO Close Date | Monday, November 20, 2023 |
| Basis of Allotment | Thursday, November 23, 2023 |
| Initiation of Refunds | Friday, November 24, 2023 |
| Credit of Shares to Demat | Tuesday, November 28, 2023 |
| Listing Date | Wednesday, November 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 20, 2023 |
Arrowhead Seperation Engineering IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹139,800 |
| Retail (Max) | 1 | 600 | ₹139,800 |
| HNI (Min) | 2 | 1,200 | ₹279,600 |
| Lot Size Calculator |
Arrowhead Seperation Engineering IPO Promoter Holding
The promoters of the company are Ajit Mundle and Jyoti Mundle
| Share Holding Pre Issue | 50% |
| Share Holding Post Issue | 35.09% |
About Arrowhead Seperation Engineering Limited
Incorporated in 1991, Arrowhead Seperation Engineering Limited is engaged in the manufacturing, trading and exporting of various types of dryers such as Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, etc. The company’s focus is to meet the expectations of the customers by providing them with high-quality products that meet their satisfaction. Additionally, the company follows ethical business practices and maintains complete transparency in all transactions to build and maintain strong relationships with the customers.
As of June 2023, the company employs 54 persons and also employs industry professionals for project-specific work on professional basis from time to time.
The core strength of the company lies in the following:-
- Customized Product for each Client
- Qualified and experienced Executive Directors
- Wide range of products
Arrowhead Seperation Engineering Limited Financial Information (Restated)
Arrowhead Seperation Engineering Limited’s revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 2,180.62 | 2,070.53 | 1,832.23 | 1,567.43 |
| Revenue | 881.71 | 2,171.57 | 1,091.73 | 916.63 |
| Profit After Tax | 64.34 | 169.18 | 9.17 | -179.19 |
| Net Worth | 310.41 | 246.07 | 77.26 | 68.09 |
| Reserves and Surplus | 179.08 | 114.74 | -3.56 | -12.73 |
| Total Borrowing | 896.02 | 812.67 | 699.45 | 600.59 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 18.09 |
| ROE | 105% |
| ROCE | 30.94% |
| Debt/Equity | 3.3 |
| EPS (Rs) | 12.88 |
| RoNW | 68.75% |
Check Arrowhead Seperation Engineering IPO Peer Comparison here.
Objects of the Issue (Arrowhead Seperation Engineering IPO Objectives)
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects (collectively, referred to herein as the “Objects”):
1. Repayment of Loan from NBFC’s;
2. Funding Working capital requirements;
3. General Corporate Purpose;
Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchange including enhancing visibility and the brand image among the existing and potential customers and creating a public market for the Equity Shares in India.
Arrowhead Seperation Engineering Limited Contact Details
Arrowhead Seperation Engineering Limited
Survey No 39,
Village Mundhegaon, Tal
Igatpuri, Nashik 422403
Phone: + 91 84228 2906
Email: info@arrowhead-dryers.co.in
Website: https://www.arrowhead-dryers.com/
Arrowhead Seperation Engineering IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/