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Arrowhead Seperation Engineering Limited IPO Detail

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 Mundle

IPO Details

IPO Opening DateNov 16, 2023
IPO Closing DateNov 20, 2023
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹233 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtBSE SME
Issue Size₹13.00 Cr
Fresh Issue₹13.00 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

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 DateNov 16, 2023
IPO Close DateNov 20, 2023
Basis of Allotment DateNov 23, 2023
Initiation of RefundsNov 24, 2023
Credit of Shares to Demat AccountNov 28, 2023
IPO Listing DateNov 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).

ApplicationLotsSharesAmount (Cut-off)

IPO Promoter Holding

Pre Issue Share Holding50%
Post Issue Share Holding35.09%

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