Arrowhead Separation Engineering was incorporated on 25 July 1991. The company is primarily engaged in the design and manufacture of various chemical process equipment, specializing in continuous drying and cooling system equipment.
| Bidding Dates |
|---|
| 16 Nov 2023 - 20 Nov 2023 |
| Subscription |
|---|
| 89.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,39,800 | 1 | 1 | 600 | 558.0 K | ₹233 | 70.18 % | ₹130.0 M | RHP DOC |
Arrowhead Seperation IPO SUBSCRIPTION STATUS
20 Nov '23Arrowhead Seperation IPO overall subscription rate was 89.75 times the total available shares
Arrowhead Seperation IPO retail subscription rate was 134.64 times in the retail segment
Arrowhead Seperation IPO non-institutional investor subscription rate was 44.86 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Nov 2023 (Day 3) | 134.64x | 44.86x | - |
17 Nov 2023 (Day 2) | 51.68x | 7.93x | - |
16 Nov 2023 (Day 1) | 17.95x | 2.49x | - |
Arrowhead Seperation 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) | Margins |
| Q1FY24 | 6.4 | 87.2 | -4.9 | -4.9 | 12.9% |
| FY23 | 16.9 | 215.0 | 5.7 | 5.7 | 14.9% |
| FY22 | 0.9 | 108.7 | -9.7 | -9.8 | 9.9% |
| FY21 | -17.9 | 91.2 | 9.1 | 9.1 | -4.8% |
Arrowhead Seperation IPO SUBSCRIPTION STATUS DETAILS
Arrowhead Seperation had 558.0 K shares on offer
Arrowhead Seperation IPO offer price was ₹233
Arrowhead Seperation IPO minimum Investment was ₹139800
Arrowhead Seperation IPO issue size was ₹ 130.0 M
Arrowhead Seperation had a minimum lot size of 600 Shares per application
Arrowhead Seperation NUMBER OF SHARES ON OFFER
Arrowhead Seperation IPO IMPORTANT DATES
| Issue Open Date | 16 Nov 2023 |
| Issue close Date | 20 Nov 2023 |
| Allotment Date | 23 Nov 2023 |
| Refund Date | 24 Nov 2023 |
| Demat Account Credit Date | 28 Nov 2023 |
| Listing Date | 28 Nov 2023 |
| Listing on Exchange(s) | BSE |
| Arrowhead Seperation Allotment Status | Exchange |
Arrowhead Seperation IPO subscription opened on 16 Nov 2023, and closed on 20 Nov 2023
IPO allotment for Arrowhead Seperation was finalized on Thursday, 23 Nov 2023
IPO listing for Arrowhead Seperation was on BSE on Tuesday, 28 Nov 2023
Arrowhead Seperation IPO LISTING GAINS
| Issue Price (adjusted) | 233.0 |
| Listing Open Price | 250.0 |
| Listing Close Price | 237.5 |
| Listing Gain% | 7.3% |
| Current Gain% | -69.5% |
Arrowhead Seperation 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Arrowhead Seperation Engineering Ltd. | 71 | 13.3 | 80.2 | -1.3 | 0.6 | 1 | 0.6 | 23.4 | 14.1 | 0.2 | -59.9 | 0.9 | -59.9 |
| Cummins India Ltd. | 5426 | 150408.7 | 63.5 | 6 | 11.9 | 27.9 | 20.9 | 12660.5 | 16.8 | 2361.8 | 18.1 | 85.4 | 10.6 |
| GE Vernova T&D India Ltd. | 4299 | 110074.4 | 84.3 | 1.2 | 16.4 | 45.8 | 15.9 | 6297.2 | 44.6 | 1233.2 | 102.7 | 51 | 70.6 |
| 3M India Ltd. | 36035 | 40593.8 | 77.7 | 6.4 | 8 | 29.5 | 16.6 | 5138.5 | 13.8 | 522.3 | 9.7 | 463.7 | 12.2 |
| Kirloskar Oil Engines Ltd. | 2161.7 | 31457 | 57.6 | 3.7 | 4 | 15.9 | 5.3 | 7771.2 | 21.5 | 574.3 | 17.4 | 37.5 | 15.8 |
| Jyoti CNC Automation Ltd. | 784.3 | 17836.8 | 55.4 | -12.6 | 8.1 | 16.8 | 9.3 | 2153.6 | 17.5 | 336 | 6.3 | 14.1 | -4.4 |
Arrowhead Seperation INFORMATION ON IPO ISSUE
About Arrowhead Seperation
Arrowhead Separation Engineering was incorporated on 25 July 1991. The company is primarily engaged in the design and manufacture of various chemical process equipment, specializing in continuous drying and cooling system equipment.
Object of the Issue
- Repayment of loans from NBFCs
- Funding working capital requirements
- General corporate purpose
Arrowhead Seperation - PROMOTERS
| Name |
|---|
| Ajit Mundle |
| Jyoti Mundle |
Arrowhead Seperation Lead Manager To The Issue
Aryaman Financial Services Limited
ipo@afsl.co.in
Arrowhead Seperation Registrar to the issue
Cameo Corporate Services Limited
priya@cameoindia.com
Arrowhead Seperation Strengths
Customized product
The company offers customization facilities to meet the specific requirements and specifications of all customers
Location
The company's manufacturing unit is located in a well-developed industrial area with local access to basic infrastructure facilities like power, water, and various other amenities
Wide range of products
The company's manufacturing hub strives to produce a wide range of world-class separation and drying equipment
Arrowhead Seperation Risks
Dependent on limited customers
The company has a concentrated customer base, making it significantly dependent on a few customers for its revenue
Indebtedness
The company has incurred substantial indebtedness, exposing it to various risks that may adversely affect the business and the results of its operations
Negative net cash flows
The company has experienced negative net cash flows in the past and may continue to face this issue in the future. Sustained negative cash flows could adversely affect the business
IPO FAQs
The promoters of the company are Ajit Mundle and Jyoti Mundle.
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 233.0 - 233.0.
The IPO application opens on Nov 16, 2023 and closes on Nov 20, 2023.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 139,800.0, the maximum value for this IPO is Rs 139,800.0.
This IPO will be allotted on Nov 23, 2023.
The refund will be credited to your account on Nov 24, 2023.
The allotted shares will be credited to your demat on Nov 28, 2023.
Arrowhead Seperation Engineering Ltd.’s shares listed on the stock exchanges on Nov 28, 2023.