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 (%) |
|---|---|---|
| Promoters | ||
| 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.
E-Commerce.
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:
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)http://kosmic.karvy.com:81/ipotrack/ |
Reviews of Current & Upcoming IPOs: (Click on the Link)
Knowledge Corner: (Click on the Link)
| 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: info@arihantinstitute.com Website: www.arihantinstitute.com |
| IPO Registrar Info: |
|---|
| KARVY COMPUTERSHARE PRIVATE LIMITED Address: Karvy Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Hyderabad 500 032 India Tel. No.: 040-67162222 Investor Grievance Email: arihant.ipo@karvy.com Website: www.karisma.karvy.com |
| Lead Manager to the Issue: |
|---|
| MONARCH NETWORTH CAPITAL LIMITED Address – Monarch House, Opp., Ishwar Bhuvan, Commerce Six Road, Navrangpura, Ahmedabad – 380009. Tel. No. – 079 – 6600 0754/ 2666 6754 Investor Grievance Email: mbd@mnclgroup.com Website: https://www.mnclgroup.com |
