Monday, May 21, 2018

Arihant Institute IPO Dates, Price Band, Market Lot, Allotment & Subscription Details

 Monday, May 21, 2018  
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Arihant Institute Ltd is incorporated in 2007 based in Gujarat. The company provides educational coaching to the students. They provide professional courses training of Chartered Accountant, Company Secretary and CMA. The brand name is Arihant. They already in the industry from a decade and providing best of the training to the students. Arihant Institute ipo is starting from 23-May and ends on 28-May. The price band is around Rs.30 with 4000 market lot. The ipo size is around 7.50 crore rupees.

IPO Review:
  • Avoid
Arihant Institute IPO Dates & Price Band:
  • IPO Open: 23 May 2018
  • IPO Close: 28 May 2018
  • IPO Size: Approx Rs 07.50 Crore
  • Face Value: Rs.10 Per Equity Share
  • Price Band: Rs.30 Per Equity Share
  • Listing on: BSE SME
  • Shares: 2,500,000
  • Retail Portion: 50%
IPO Market Lot:
  • Shares: Apply for 4,000 Shares (Minimum Lot Size)
  • Amount: Rs.1,20,000
IPO Allotment & Listing:
  • Basis of Allotment: 01-June-2018
  • Refunds: 04-June-2018
  • Credit to demat accounts: 05-June-2018
  • Listing: 06-June-2018
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Financial Results:

  Rs. in Crore
Revenue Expense PAT
2013 8.64 8.33 0.17
2014 6.10 7.52 (1.46)
2015 3.86 3.82 0.04
2016 1.67 3.14 (1.45)
2017 1.69 1.58 0.11


Grey Market Premium:
  • The grey market is around Rs.8000 Subject to Sauda.
Arihant Institute IPO Subscription Status:
  • IPO Subscribed 2.08 times overall
Arihant Institute IPO Allotment Status:
Company Promoters:
  • Mr. Sandip Vinodray Kamdar
  • Mr. Vinodray Keshavlal Kamdar
  • Mrs. Maduben Vinodray Kamdar
  • Mrs. Anjali Sandipbhai Kamdar.
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IPO Registrar:
Karvy Computershare Private Limited
Phone: +91-40-23312454
Fax: +91-40-23311968
Email: [email protected]
Website: http://karisma.karvy.com
IPO Lead Managers:
  • MONARCH NETWORTH CAPITAL LIMITED
Company Address:
Arihant Institute Limited
2, Navinpark Society
Sardar Patel Colony Road
Naranpura, Ahmedabad - 380 013
Phone: 079- 27683113
Email: [email protected]
Website: http://www.arihantinstitute.com

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