The Arrowhead initial public offering (IPO) has a set date of November 16–20, when it will open and close. With its IPO, Arrowhead, a BSE SME, hopes to raise Rs 13 crore. With a market value of 600 shares, the Arrowhead IPO price band is set at ₹233.
The company Arrowhead Seperation Engineering Limited designs and produces a range of chemical process equipment, with a focus on equipment for cooling and continuous drying systems. The company’s goal is to create equipment and offer a solution that satisfies international standards. The main products offered by Arrowhead Seperation Engineering are dryers, including Totally Enclosed Single Drum Dryers, Continuous Particulate Dryers, Rotary Dryers, Single Drum Dryers, Double Drum Dryers, Paddle Dryers, and others.
The company has its registered office and manufacturing facility in Nashik, Maharashtra. The factory workshop area is 24000 sq. ft., with an attached office of 3000 sq. ft. They have 54 employees and also employ industry professionals for project-specific work on a professional basis from time to time.
Arrowhead IPO Date and Price Band Details
| IPO Open: | November 16, 2023 |
| IPO Close: | November 20, 2023 |
| IPO Size: | Approx ₹13.00 Crores, 558,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹233 Per Equity Share |
| IPO Listing on: | BSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
Objects of the Issue:
- Repayment of Loan from NBFC’s;
- Funding Working capital requirements;
- General Corporate Purpose:
Arrowhead IPO Review
- To be updated soon
Arrowhead IPO Market Lot
The Arrowhead IPO minimum market lot is 600 shares with a ₹139,800 application amount.
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 600 | ₹139,800 |
| Retail Maximum | 1 | 600 | ₹139,800 |
| S-HNI Minimum | 2 | 1200 | ₹279,600 |
Arrowhead IPO Dates
The Arrowhead IPO date is November 16 and the IPO close date is November 20. The IPO allotment date is November 23 and the IPO might list on November 29.
| IPO Open Date: | November 16, 2023 |
| IPO Close Date: | November 20, 2023 |
| Basis of Allotment: | November 23, 2023 |
| Refunds: | November 24, 2023 |
| Credit to Demat Account: | November 28, 2023 |
| IPO Listing Date: | November 29, 2023 |
Arrowhead IPO Form
How to apply Arrowhead IPO? –> To apply for Arrowhead IPO, use the ASBA that is linked to your bank account. Simply click the Invest section link to access your bank account and apply using the Arrowhead IPO. The alternative is to apply for Arrowhead IPO by downloading the IPO forms from the BSE website.
Arrowhead Company Financial Report
| Year (₹ in Crores) | Revenue | Expense | PAT |
|---|---|---|---|
| 2021 | ₹9.17 | ₹10.40 | ₹1.79 |
| 2022 | ₹10.92 | ₹10.79 | ₹0.09 |
| 2023 | ₹21.72 | ₹19.88 | ₹1.69 |
| 2024 3M | ₹8.82 | ₹7.96 | ₹0.64 |
Arrowhead IPO Valuation – FY2023
Check Arrowhead IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
| Earning Per Share (EPS): | ₹12.88 per Equity Share |
| Price/Earning P/E Ratio: | NA |
| Return on Net Worth (RoNW): | 68.75% |
| Net Asset Value (NAV): | ₹18.74 per Equity Share |
Peer Group
- NA
Company Promoters
- Ajit Mundle
- Jyoti Mundle
Arrowhead IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com
Company Address
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 IPO Lead Managers aka Merchant Bankers
- Aryaman Financial Services Limited
Arrowhead IPO FAQs
Q1. What is the Arrowhead Seperation Engineering IPO offer size?
Ans. Arrowhead offer size is INR 13 crore.
Q2. What is the Arrowhead offer price band?
Ans. Arrowhead public offer price is INR 233 per share.
Q3. What is the lot size of the Arrowhead IPO?
Ans. Arrowhead offer lot size is 600 shares.
Q4. What is Arrowhead IPO GMP today?
Ans. Arrowhead IPO GMP today is INR 70 per share.
Q5. What is the Arrowhead kostak rate today?
Ans. Arrowhead kostak rate today is NA per application.
Q6. What is Arrowhead Subject to Sauda rate today?
Ans. Arrowhead Subject to Sauda rate today is INR 35,000 per application.
