23 Nov 2023, 11:34 AM IST
Arrowhead Seperation Engineering IPO is scheduled to open for subscription from November 16, 2023, to November 20, 2023. Below is a comprehensive overview of the IPO along with the latest Grey Market Premium (GMP).
IPO Details:
- IPO Date: November 16, 2023, to November 20, 2023
- Listing Date: 29th November
- Face Value: ₹10 per share
- Price: ₹233 per share
- Lot Size: 600 Shares
- Total Issue Size: 558,000 shares (aggregating up to ₹13.00 Cr)
- Fresh Issue: 558,000 shares (aggregating up to ₹13.00 Cr)
- Issue Type: Fixed Price Issue IPO
- Listing At: BSE SME
- Share holding pre issue: 1,313,325
- Share holding post issue: 1,871,325
- Market Maker portion: 30,000 shares (Aryaman Capital Markets)
Grey Market Premium (GMP):
| Price Range | Lot Size | Min. Investment | Bid Dates | Listing Date | GMP Yesterday | GMP Today | Expected Share Price | Expected Profit per Lot | Buy Y/N |
|---|---|---|---|---|---|---|---|---|---|
| ₹233 | 600 | ₹139,800 | 16th to 20th November 2023 | 29th Nov 2023 | ₹25 | ₹25 | ₹258 | ₹15000 | N |
- GMP Yesterday: ₹75
- GMP Today: ₹25
Expected Share Price and Profit:
- Expected Share Price: ₹308
- Expected Profit per Lot: ₹45,000
Should You Buy?
- Buy Y/N: Y
IPO Overview:
Arrowhead Seperation Engineering is offering a fixed price issue of ₹13.00 crores, entirely through a fresh issue of 5.58 lakh shares. The IPO opens on November 16, 2023, and closes on November 20, 2023. The tentative listing date is Wednesday, November 29, 2023, on BSE SME.
Financial Information:
- Revenue Increase (FY22 to FY23): 98.91%
- Profit After Tax (FY22 to FY23): 1744.93%
Key Performance Indicators (KPI):
- Market Cap: ₹43.6 Cr
- P/E (x): 18.09
- ROE: 105%
- ROCE: 30.94%
Objects of the Issue:
- Repayment of Loan from NBFC’s
- Funding Working capital requirements
- General Corporate Purpose
IPO Timeline (Tentative):
- Basis of Allotment: Thursday, November 23, 2023
- Listing Date: Wednesday, November 29, 2023
Conclusion:
Despite showing growth in financials, some experts suggest caution due to aggressive pricing. Investors are advised to carefully evaluate their investment strategy.
Disclaimer:
This information is for informational purposes only and should not be construed as investment advice. Investors should conduct thorough research and consult with financial experts before making investment decisions.
Note: The Grey Market Premium (GMP) is subject to market fluctuations and may change.
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