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Arham Technologies Limited IPO Detail

Arham Technologies Limited IPO Detail

Incorporated in 2013, Arham Technologies Limited is engaged in manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand 'STARSHINE'. The company also manufacture Fans, Air Coolers and Mixer Grinders through third-party manufacturers.

Arham Technologies Limited serve under Original Equipment Manufacturer ("OEM") business models for LED Televisions. The company manufacture and supplies products as per the requirements of the customers, who then further distribute these products under their brands.

Raw materials like open cells, Electronic Circuits (Mainboard), cabinets and Back Light Units (BLU) are imported from China and Hongkong. Other accessories i.e. Speakers, Stands etc. are procured from domestic suppliers in India.

The company is strategically located in the new Smart City of Raipur, one of India's very first smart cities. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states.

Competitive Strengths:

  • Strong team with experience and expertise.
  • Organizational stability.
  • Smooth flow of operations & Strong customer relationship.
  • Well-defined organizational structure.
  • Infrastructure and Integrated Manufacturing Facility.
  • Constant focus on developing a new and innovative product.
  • Geographical Advantage.
  • Eligible for incentives from State Government for investing under IT & ES policy of UIA.

Company Promoters

Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain are the company promoters.

IPO Details

IPO Opening DateDec 05, 2022
IPO Closing DateDec 07, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹42 per equity share
Market Lot3000 Shares
Min Order Quantity3000 Shares
Listing AtNSE SME
Issue Size₹9.58 Cr
Fresh Issue2,280,000 shares of ₹10 (aggregating up to ₹9.58 Cr)
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 0.98x 4.96x 2.97x
Day 2 - - 22.20x 65.07x 43.64x
Day 3 - - 418.27x 481.79x 450.03x

IPO Tentative Timetable

The Arham Technologies Limited IPO open date is Dec 05, 2022, and the close date is Dec 07, 2022. The issue may list on Dec 15, 2022.

IPO Open DateDec 05, 2022
IPO Close DateDec 07, 2022
Basis of Allotment DateDec 12, 2022
Initiation of RefundsDec 13, 2022
Credit of Shares to Demat AccountDec 14, 2022
IPO Listing DateDec 15, 2022

IPO Lot Size

The Arham Technologies Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126000).

ApplicationLotsSharesAmount (Cut-off)
Minimum13000₹126000
Maximum13000₹126000

IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.05%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1542.22 2280.11 203.76
31-Mar-22 2314.27 3727.37 302.01
30-Sep-22 2657.5 2140.06 128.37

Objects of the Issue:

The Objects of the Issue are:

A. To meet the working capital requirements

B. To meet the Issue Expenses

C. General Corporate Purposes

Arham Technologies Limited IPO Registrar:

Cameo Corporate Services Limited

Arham Technologies Limited IPO Lead Manager(s):

Finshore Management Services Limited

Company Contact Information:

Arham Technologies Limited

Plot No. 15 Electronic Manufacturing Cluster, Sector 22, Village Tuta

Atal Nagarnava

Raipur