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PRAVIN RATILAL SHARE
AND STOCK BROKERS LTD
Member :    NSE   |   BSE   |   DP : NSDL
IPO Synopsis
Home >> IPO >> IPO Synopsis
Arihant Institute Ltd
Registered Office:
201-202 Ratna High Street,2nd Floor Near Naranpura,
Ahmedabad - 380013,
Gujarat, India.
Public issue of 25,00,000 equity shares of face value of (Rs) 10/- each of Arihant Institute Limited ("The Company" or "The Issuer") for cash at a price of (Rs) 30/- per equity share (including a share premium of (Rs) 20/- per equity share) ("Issue Price") aggregating to (Rs) 7.50 crores ("The Issue"), of which 1,32,000 equity shares of face value of (Rs) 10/- each for a cash price of (Rs) (Rs) 30/- per equity share, aggregating to (Rs) 0.40 crores will be reserved for subscription by market maker ("Market Maker Reservation Portion")- the issue less the market maker reservation portion i e. Issue of 23,68,000 equity shares of face value of (Rs) 10/- each at an issue price of (Rs) 30/-per equity share aggregating to (Rs) 7.10 crores is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 26.58% and 25.18%, respectively of the post issue paid up equity share capital of the company. The Face value of the equity shares is (Rs) 10 each and th issue price is (Rs) 30/-. The Issue price is 3 times of the face value.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
23-May-18
28-May-18
30.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 4000   Further Multiples of : 4000
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
7.50
Monarch Networth Capital Ltd
Project Financed through Current Offer
7.50
 
Post Issue Equity Share Capital
9.41
 
Issue Price
30.00
 
Projects
Training Centre Expansion
Technical Infrastructure-Servers, Studio & Content
Corporate Office-Furniture & Equipment
Branding & Marketing
General corporate purpose
Promoted By
Sandip Vinodray Kamdar
Vinodray Keshavlal Kamdar
Madhuben Vinodray Kamdar
Listing At
BSE - SME
Registrar to the Issue
Karvy Fintech Pvt Ltd
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