Arrowhead Seperation Engineering Limited IPO Detail
Incorporated in 1991, Arrowhead Seperation Engineering Limited is engaged in the manufacturing, trading and exporting of various types of dryers such as Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, etc. The company's focus is to meet the expectations of the customers by providing them with high-quality products that meet their satisfaction. Additionally, the company follows ethical business practices and maintains complete transparency in all transactions to build and maintain strong relationships with the customers.
As of June 2023, the company employs 54 persons and also employs industry professionals for project-specific work on professional basis from time to time.
The core strength of the company lies in the following:-
- Customized Product for each Client
- Qualified and experienced Executive Directors
- Wide range of products
Company Promoters
Ajit Mundle and Jyoti MundleIPO Details
| IPO Opening Date | Nov 16, 2023 |
| IPO Closing Date | Nov 20, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹233 per equity share |
| Market Lot | 600 Shares |
| Min Order Quantity | 600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹13.00 Cr |
| Fresh Issue | ₹13.00 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.63x | 18.97x | 10.80x | |
| Day 2 | - | - | 7.85x | 54.61x | 31.44x | |
| Day 3 | - | - | 46.02x | 142.30x | 94.79x |
IPO Tentative Timetable
The Arrowhead Seperation Engineering Limited IPO open date is Nov 16, 2023, and the close date is Nov 20, 2023. The issue may list on Nov 29, 2023.
| IPO Open Date | Nov 16, 2023 |
| IPO Close Date | Nov 20, 2023 |
| Basis of Allotment Date | Nov 23, 2023 |
| Initiation of Refunds | Nov 24, 2023 |
| Credit of Shares to Demat Account | Nov 28, 2023 |
| IPO Listing Date | Nov 29, 2023 |
IPO Lot Size
The Arrowhead Seperation Engineering Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹139800).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 600 | ₹139800 |
| Maximum | 1 | 600 | ₹139800 |
IPO Promoter Holding
| Pre Issue Share Holding | 50% |
| Post Issue Share Holding | 35.09% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 1567.43 | 916.63 | -179.19 |
| 31-Mar-22 | 1832.23 | 1091.73 | 9.17 |
| 31-Mar-23 | 2070.53 | 2171.57 | 169.18 |
Objects of the Issue:
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects (collectively, referred to herein as the "Objects"):
1. Repayment of Loan from NBFC's;
2. Funding Working capital requirements;
3. General Corporate Purpose;
Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchange including enhancing visibility and the brand image among the existing and potential customers and creating a public market for the Equity Shares in India.
Arrowhead Seperation Engineering Limited IPO Registrar:
Cameo Corporate Services Limited
Arrowhead Seperation Engineering Limited IPO Lead Manager(s):
Aryaman Financial Services Limited
Company Contact Information:
Arrowhead Seperation Engineering Limited
Survey No 39,
Village Mundhegaon, Tal
Igatpuri, Nashik 422403
