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 Date | Dec 05, 2022 |
IPO Closing Date | Dec 07, 2022 |
Issue Type | Fixed Price Issue IPO |
Face Value | ₹10 per equity share |
IPO Price | ₹42 per equity share |
Market Lot | 3000 Shares |
Min Order Quantity | 3000 Shares |
Listing At | NSE SME |
Issue Size | ₹9.58 Cr |
Fresh Issue | 2,280,000 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 Date | Dec 05, 2022 |
IPO Close Date | Dec 07, 2022 |
Basis of Allotment Date | Dec 12, 2022 |
Initiation of Refunds | Dec 13, 2022 |
Credit of Shares to Demat Account | Dec 14, 2022 |
IPO Listing Date | Dec 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).
Application | Lots | Shares | Amount (Cut-off) |
---|---|---|---|
Minimum | 1 | 3000 | ₹126000 |
Maximum | 1 | 3000 | ₹126000 |
IPO Promoter Holding
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 73.05% |
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