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Open
16 Nov 2023
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Close
20 Nov 2023
3
Allotment
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Listing
Tue, Nov 28, 2023
Price Band
₹233 per share
Issue Size
5,58,000 shares (agg. up to ₹13 Cr)
Lot Size
600 Shares
Listing Date
Tue, Nov 28, 2023
Latest GMP
₹25
Est. Gain
10.73%
✦ AI Insight
GMP Trend
28-11-2023₹25Est. ₹258+10.73%
27-11-2023₹25Est. ₹258+10.73%
26-11-2023₹25Est. ₹258+10.73%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 93.12x |
Restated Financials (₹ Cr.)
| Period Ended | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 21.81 | 20.71 | 18.32 | 15.67 |
| Total Income | 8.82 | 21.72 | 10.92 | 9.17 |
| Profit After Tax | 0.64 | 1.69 | 0.09 | -1.79 |
| NET Worth | 3.10 | 2.46 | 0.77 | 0.68 |
| Reserves and Surplus | 1.79 | 1.15 | -0.04 | -0.13 |
| Total Borrowing | 8.96 | 8.13 | 6.99 | 6.01 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Kalyani Cast Tech Ltd. | SME | ₹30.11 Cr | ₹139 | 8.67 | ₹277.30 | +99.50% | ₹820.00 (+2.16%) |
| Vinyas Innovative Technologies Ltd. | SME | ₹54.66 Cr | ₹165 | 8.4 | ₹346.50 | +110.00% | ₹1,326.15 (-1.62%) |
| Sunita Tools Ltd. | SME | ₹22.04 Cr | ₹145 | 16.88 | ₹147.25 | +1.55% | ₹867.45 (-2.00%) |
| Global Pet Industries Ltd. | SME | ₹13.23 Cr | ₹49 | 23 | ₹52.80 | +7.76% | ₹151.15 (+4.93%) |
| Cyient DLM Ltd. | Mainboard | ₹592.00 Cr | ₹265 | 66.25 | ₹420.60 | +58.72% | ₹578.65 (-1.51%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of Loan from NBFC’s; | 2.00 |
| 2 | Funding Working capital requirements | 6.50 |
| 3 | General Corporate Purpose | 3.20 |
About Arrowhead Seperation Engineering IPO
Incorporated in 1991, Arrowhead Seperation Engineering Limited manufactures and designs chemical process equipment such as drying and cooling system equipment. The company's product portfolio includes a Drum Dryer, Rotary Dryer, Flaker System and Zero Liquid Discharge SystemZLD. The company manufactures drum dryers, belt dryers, air impigment dryers, rotary vacuum dryers, rotary cascade dryers, steam tube dryers, paddle dryers, industrial flaking systems and drum flakers. The company's registered office with manufacturing facility is located in Nashik, Maharashtra. The company use an outsourcing model, a few steps of manufacturing processes are outsourced to third-party service provider on job work basis. The company sell its product in both domestic and international market. As of June 30, 2023, the company's top 5 customers were 96.82% of total revenue from operations and the top 5 suppliers were 48.82% of total purchases. As of June 30, 2023, the company has 54 payroll employees who facilitate the manufacturing operations.+ Read More
Contact Details
Arrowhead Seperation Engineering Ltd. AddressSurvey No 39Village Mundhegaon, TalIgatpuriNashik, Maharashtra, 422403+ 91 84228 2906info@arrowhead-dryers.co.inVisit Website