Arihant Academy Limited

Company Profile
Company Name Arihant Academy Limited
Open Date 16-12-2022
Close Date 19-12-2022
Exchange NSE SME
Lot Size 1600 Shares
Issue Price ₹ 90 per share
Issue Size 16,35,200 Equity Shares
Application Amount ₹ 1,44,000
Recommendation Risk_Averse - Should Wait Risk_Seekers - Should Apply
Established in 2007, Company provides coaching services and parallel educational support vertical 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 commerce and science section; tutoring students in 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 entry level and second level exam, in the commerce section. Company has managed to develop 14 branches across all the sections and caters to 6,000 students from these 14 coaching centres. Company operates under the brand name “Arihant Academy”. It has an app named Arihant Edge and Allern Active which are 24×7 Educational Companion for students and parents.
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Summary of Financials (All financials in Lakh)

For the Period Ended Sept-22 Mar-22 Mar-21
Total Assets 1,244.55 1,104.86 829.69
Net Assets 635.64 493.19 291.33
Total Borrowings 66.60 127.60 48.98
Total Revenue 1,301.25 1,531.97 1,409.36
Profit After Tax 142.45 201.86 112.56

Tentative Timeline

Opening Date 16-12-2022
Closing Date 19-12-2022
Basis of Allotment 26-12-2022
Initiation of Refunds 27-12-2022
Credit of Shares to Demat 28-12-2022
Listing Date 29-12-2022

Objects of the Issue

Funding working capital requirements
General corporate purposes

Contact Information

Registered Office Arihant Academy Limited Ground Floor, Triveni Sadan, Opp Ambe Mata Temple, Carter Road No. 3, Borivali (East), Mumbai – 400066
Phone +91 9920781706

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200

IPO Reservation

Anchor Investor Shares Offered -
Market Maker Shares Offered 83,200 (5.09%)
Other Shares Offered 7,76,000 (47.46%)
Retail Shares Offered 7,76,000 (47.46%)
Total Shares Offered 16,35,200 (100%

Shareholding Pattern

Pre Issue Share Holding (Promoters) 100.00%
Post Issue Share Holding (Promoters) 73.00%

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