Arham Technologies, incorporated on December 27, 2013, is engaged in manufacturing LED smart televisions with different screen sizes under the brand name ‘Starshine’. It also manufactures fans, air coolers and mixer grinders through third-party manufacturers under the same brand name.
| Bidding Dates |
|---|
| 05 Dec 2022 - 07 Dec 2022 |
| Subscription |
|---|
| 417.59x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 3000 | 2.3 M | ₹42 | 73.05 % | ₹95.8 M | RHP DOC |
Arham Technologies IPO SUBSCRIPTION STATUS
07 Dec '22Arham Technologies IPO overall subscription rate was 417.59 times the total available shares
Arham Technologies IPO retail subscription rate was 442.75 times in the retail segment
Arham Technologies IPO non-institutional investor subscription rate was 467.9 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
07 Dec 2022 (Day 3) | 442.75x | 467.9x | - |
06 Dec 2022 (Day 2) | 65.01x | 22.19x | - |
05 Dec 2022 (Day 1) | 4.96x | 0.98x | - |
Arham Technologies FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 12.8 | 213.9 | -6.6 | -10.7 |
| FY22 | 30.2 | 364.7 | -36.0 | -37.8 |
| FY21 | 20.4 | 227.5 | -20.0 | -23.1 |
| FY20 | 5.7 | 137.8 | 4.6 | 3.1 |
Arham Technologies IPO SUBSCRIPTION STATUS DETAILS
Arham Technologies had 2.3 M shares on offer
Arham Technologies IPO offer price was ₹42
Arham Technologies IPO minimum Investment was ₹126000
Arham Technologies IPO issue size was ₹ 95.8 M
Arham Technologies had a minimum lot size of 3000 Shares per application
Arham Technologies NUMBER OF SHARES ON OFFER
Arham Technologies IPO IMPORTANT DATES
| Issue Open Date | 05 Dec 2022 |
| Issue close Date | 07 Dec 2022 |
| Allotment Date | 12 Dec 2022 |
| Refund Date | 13 Dec 2022 |
| Demat Account Credit Date | 14 Dec 2022 |
| Listing Date | 15 Dec 2022 |
| Listing on Exchange(s) | NSE |
| Arham Technologies Allotment Status | Exchange |
Arham Technologies IPO subscription opened on 05 Dec 2022, and closed on 07 Dec 2022
IPO allotment for Arham Technologies was finalized on Monday, 12 Dec 2022
IPO listing for Arham Technologies was on NSE on Thursday, 15 Dec 2022
Arham Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 42.0 |
| Listing Open Price | 60.0 |
| Listing Close Price | 63.0 |
| Listing Gain% | 42.9% |
| Current Gain% | 344.1% |
Arham Technologies Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Arham Technologies Ltd. | 186.5 | 157.8 | 33.3 | -1 | 1.3 | 12.4 | 7.5 | 118.6 | 69.2 | 12.2 | 67.8 | 5.6 | -34.9 |
| LG Electronics India Ltd. | 1586.5 | 107687.2 | 63.9 | -2.7 | 4.4 | 22 | 12.4 | 24932.8 | 1.2 | 1685.1 | -23.5 | 24.8 | -23.5 |
| Dixon Technologies (India) Ltd. | 14200 | 86821.8 | 46.3 | 0.8 | 1.7 | 30.8 | 7.5 | 49585.8 | 27.5 | 1438.6 | 31.3 | 307 | 58.2 |
| Voltas Ltd. | 1285 | 42518.7 | 113.1 | -2 | 3 | 5.9 | 2.6 | 14482.6 | -8 | 375.9 | -55.3 | 11.4 | -55.3 |
| Blue Star Ltd. | 1514 | 31130.1 | 61.1 | -9.7 | 2.4 | 15.4 | 6.2 | 12463.9 | 3.5 | 527.7 | -10.8 | 24.8 | -6.3 |
| Amber Enterprises India Ltd. | 7435 | 26221.6 | 147.6 | -5.5 | 2.2 | 4.1 | 1.3 | 12306.6 | 22.5 | 177.6 | -27.1 | 50.4 | -27.1 |
Arham Technologies INFORMATION ON IPO ISSUE
About Arham Technologies
Arham Technologies, incorporated on December 27, 2013, is engaged in manufacturing LED smart televisions with different screen sizes under the brand name ‘Starshine’. It also manufactures fans, air coolers and mixer grinders through third-party manufacturers under the same brand name.
Object of the Issue
- To meet working capital requirements
- To meet issue expenses
- General corporate purposes
Arham Technologies - PROMOTERS
| Name |
|---|
| Roshan Jain |
| Ankit Jain |
| Anekant Jain |
Arham Technologies Lead Manager of the Issue
Finshore Management Services Limited
ramakrishna@finshoregroup.com
Arham Technologies Registrar to the issue
Cameo Corporate Services Limited
investor@cameoindia.com
Arham Technologies Strengths
Organisational stability
The company has an established track record of nine-plus years, which indicates the company’s ability to weather economic and business cycles
Strong customer relationship
The company has established and will continue to focus on strengthening long-standing relationships with well-known customers across product verticals
Quality standards
The company is ISO 9001:2015 certified and focuses on consistently delivering qualitative products, thereby building customer loyalty
Geographical advantage
The company is strategically located in an electronic manufacturing cluster in Chhattisgarh's Raipur. Chhattisgarh shares borders with six states, which gives it direct market access to these states also
Availability of Performance-Linked Incentives
The company is eligible for incentives from the state government for investing under the IT and ES policy of Chhattisgarh
Arham Technologies Risks
Product concentration
The company is highly dependent on the sale of LED TVs [Starshine Brand] and its business is exposed to risks related to product concentration
Operates on the basis of contracts/orders
The company has not entered into any long-term contracts with its customers and typically operates on the basis of contracts/orders
Dependence on third-party services
The dependence on third-party services could have an adverse effect on the business's financial condition and the results of operations
Competition in business
The company faces competition in business from organised and unorganised players
Negative cash flow
The company had negative cash flow from operating activity in the recent fiscal
IPO FAQs
The promoters of the company are Roshan Jain, Ankit Jain and Anekant Jain.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 42.0 - 42.0.
The IPO application opens on Dec 05, 2022 and closes on Dec 07, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Dec 12, 2022.
The refund will be credited to your account on Dec 13, 2022.
The allotted shares will be credited to your demat on Dec 14, 2022.
Arham Technologies Ltd.’s shares listed on the stock exchanges on Dec 15, 2022.