The Arihant Institute date has been confirmed from May 23, 2018 and ended on May 28, 2018.
Arihant Institute Developers IPO is a fixed price issue of Rs 7.50 crores. The price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
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Bidding Dates
May 23-28
Price Range
₹30 per share
Face Value
₹10 per share
GMP
₹1.56
Arihant Institute IPO GMP
The Arihant Institute IPO GMP is ₹1.56.
IPO Overview
Arihant Institute’s initial public offering (IPO) has a set price of Rs 7.50 crores. Bidding for the Arihant Institute IPO began on May 23, 2018 and finished on May 28, 2018. On June 5, 2018, the shares were listed on the BSE SME. Arihant Institute’s initial public offering (IPO) price is ₹30 per share. A lot size of 4000 shares is required for an application. Retail investors must make a minimum investment of ₹120,000 to participate.
Arihant’s campus is 9,500 square feet in size and includes 8 air-conditioned classrooms, a well-equipped library, a canteen, a staff room, two studios, a backup lab, a conference room, and spacious administrative blocks. There are 23 people working for the company.
Arihant Institute IPO Details
| IPO Date | May 23, 2018 to May 28, 2018 |
| Listing Date | June 5, 2018 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,500,000 shares (aggregating up to ₹7.50 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Market Maker portion | 132,000 shares |
Arihant Institute Company Financials
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 31-Mar-17 | 31-Mar-16 | 31-Mar-15 | 31-Mar-14 | 31-Mar-13 | ||
| Total Assets | 586.93 | 575.03 | 729.55 | 666.60 | 597.24 | |
| Total Revenue | 169.20 | 864.20 | 385.50 | 609.96 | 864.20 | |
| Profit After Tax | 112.74 | (14.45) | 3.79 | (146.26) | 16.48 | |
Arihant Institute IPO Listing Details
| Listing Date | June 5, 2018 |
| BSE Script Code | 541401 |
| NSE Symbol | |
| ISIN | INE997Z01016 |
| Final Issue Price | ₹30 per share |
Company Profile
Arihant Institute Limited, situated in Gujarat, was founded in 2007 to provide coaching and educational support to students pursuing professional courses such as Chartered Accountant, Company Secretary, and CMA. It offers coaching and advice from the entry level test exam to the final exam, covering all subjects in depth with test series to increase their confidence and overall success. Since its start, the company has operated an educational programme and coaching under the brand name?Arihant Institute. With devoted instructors and trained personnel,
it has educated over 10000 students who have taken professional and graduate exams. The company’s student strength has increased, and thanks to the promoters’ persistent efforts, there were 205 National Rankers in CA Inters and Final Courses from the institute.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | einward.ris@karvy.com |
| Website | kosmic.kfintech.com |
Contact Details
| Name | Arihant Institute Limited |
| Phone number | 079- 27683113 |
| Email ID | cs@arihantinstitute.com |
| Website | arihantinstitute.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.