Arihant Institute Ltd

Arihant Institute Ltd

About the Company:

Arihant Institute Ltd is engaged in providing coaching & educational guidance for students appearing for professional course Chartered Accountant, Company Secretary and CMA.

Company operates the educational program and coaching under the Brand Name ―Arihant Institute since inception. With dedicated professors and trained staff.

company has given education to more than 10000 students appeared for professional & Graduates exam.

Their student strength has improved and with dedicated efforts of the institute, there were 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary.

Company’s institutes is considered as preferred choice for the best professional coaching institute among the students based in, Gujarat & Rajeshthan, in the field of Professional Exams like Chartered Accountancy, Company Secretary and other Professional and Foreign Courses. Currently, they have a head office located in Ahmedabad, Gujarat.

Arihant premises spread over 9,500 sq. feet which includes 8 air conditioned class room, well equipped library, canteen, staff room, 2 studios, back-up lab, conference room and large administrative blocks.


Coaching for the following Course offered by the Company:

  • Chartered Accountant (CA).
  • Company Secretary (CS).
  • Association of Chartered Certified Accountant (ACCA).


Promoters Stake Pre & Post Issue:

Shareholder Name Pre Issue Stake (%) Post Issue Stake (%)
Mr. Sandip Vinodray Kamdar 22.46 16.49
Mr. Vinodray Keshavlal Kamdar 15.64 11.48
Mrs. Madhuben Vinodray Kamdar 19.19 14.09
Mrs. Anjali Sandipbhai Kamdar 16.22 11.91
Promoter Group Entities               5.29                3.28
Total 78.80% 57.85%


Objectives of the Issue:

  • Training Centre Expansion.
  • Technical Infrastructure -Servers & Studio, Portal and Content Development.
  • Branding and Marketing.
  • Corporate Office Restructuring6. General corporate purpose.
  • IPO related expense.


Fund Utilization:

Particulars Amount (Rs. in Crores)
Training Centre Expansion 4.18
Technical Infrastructure-Servers, Studio & Content 1.16
Corporate Office – Furniture & Equipments 0.47
Branding & Marketing 0.71
General Corporate Purpose 0.58
IPO Expenses 0.37
Net Proceeds 7.5 cr


Future Plans for the Company:

Geographical Expansion. (Planned geographical expansion as follows:)

Setting up own 21 coaching centres with modern technology and infrastructure to support E learning.

Online study and virtual online class rooms for students.

Centres also have live classroom for personal training and coaching program.

Plans to have centres in Gujarat, Rajeshthan, Mumbai and Thane.

More Vocational and Training Courses offerings.

company plans to offer vocational and training program for graduates for HR, Job Oriented Module, that is focused on improving employability for smaller positions like receptionist, telecaller, field sales, BPO executive etc.


Company plans to sell Study Material, Video Recorded Lecture and LMR through E-Commerce. Company also plans to sell specially designed and animated material for CBSE, ICSE and also for Regional boards for all subject of primary school.


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17 31st Jan 17
Revenue 8.64 6.09 3.85 1.67 1.69 1.14
Net Profit 0.16 (-1.46) 0.37 (-1.44) 0.11 0.12


Valuation of Peer Group Companies:
peer group

IPO Details:

Details Info
Issue Opens on 23rd May 2018
Issue Closes on:. 28th May 2018
Issue Price Rs.30
Face Value Rs.10
Minimum Lot 4000 shares
Minimum Investment Rs.1,20,000
Issue Constitutes 28.21%
Issue Size Rs.7.5 cr
Market Cap Rs.28.21 cr
Listing at NSE SME
Equity Shares Offered (Fresh) 25,00,000
Equity Shares Prior to the Issue 69,05,006
Equity Shares after the Issue 94,05,006


Subscription Details: (Will be Updated)

(Subscription-Category-Wise (no. of times) Till time : 06:00 PM) Shares Offered 23/5 24/5 Day-3 Day-4
HNI 11,84,000 0.00 0.15
Retail 11,84,000 0.44 0.50
Others  1,32,000 0.00 0.00
Employee ———- —– —–
TOTAL 25,00,000 0.20 0.31


Check IPO Allotment Status:

Karvy Website (Click on the below link)


Reviews of Current & Upcoming IPOs: (Click on the Link)

IndoStar Capital Finance Ltd Prince Pipes and Fittings Ltd
John Energy Ltd Nazara Technologies Ltd
Patel Infrastructure Ltd HDFC Asset Management Company Ltd
Suumaya Lifestyle Ltd Innovators Facade Systems Ltd
Shree Vasu Logistics Ltd Latteys Industries Ltd
Debock Sales and Marketing Ltd Arihant Institute Ltd


Knowledge Corner: (Click on the Link)

How to become a Successful Investor?
Questions to Ask Before You Buy a Stock?
Guidelines for Investing in IPOs
Important Tips For Investing in an IPO.
Frequently Asked Questions on IPO.
Important Ratios you Should Know.
NSE & BSE Holiday List For the Year 2018


Company Contact Info:
Arihant Institute Ltd
2, Navinpark Society, Nr. Muncipal School No.4,
Nr. Sardar Patel Colony Road,
Naranpura, Ahmedabad – 380 013.
Tel No.: +91 79 27683113
Email Id:


IPO Registrar Info:
Address: Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Financial District,
Nanakramguda, Hyderabad 500 032 India
Tel. No.: 040-67162222
Investor Grievance Email:


Lead Manager to the Issue:
Address – Monarch House,
Opp., Ishwar Bhuvan, Commerce Six Road,
Navrangpura, Ahmedabad – 380009.
Tel. No. – 079 – 6600 0754/ 2666 6754
Investor Grievance Email: