Arrowhead Seperation Engineering Limited IPO : Key Details

Arrowhead Seperation Engineering Limited IPO is set to launch on 16 November, 2023. The company initiated its business operations in the year 1991. It is involved in the business of trading, manufacturing and exporting many types of dryers. Their product portfolio includes Rotary Dryers, Vacuum Double Drum Dryers, Double Drum Dryers, Single Drum Dryers, Flaker Systems, Paddle Dryers, Totally Enclosed Single Drum Dryers, Flaker Systems, Continuous Particulate Dryers etc. The company employs 54 people.

Arrowhead Seperation Engineering Limited IPO DETAILS

Arrowhead Seperation Engineering Limited IPO is set to launch on 16 November, 2023. The subscription timeline extends till 20 November, 2023. The size for the IPO is 13 Crore Rs. Shares issued through fresh issue mode are worth 13 Crore Rs. No Shares issued through offer for sale mode. The lot size is 600 shares and the price is 233 Rs per share. The company is going to get listed at BSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Cameo Corporate Services Limited.

Tabular Description of Arrowhead Seperation Engineering Limited IPO 

Arrowhead Seperation Engineering Limited IPO : IMPORTANT DATES

Arrowhead Seperation Engineering Limited IPO begins for subscription from 16 November, 2023. The IPO subscription would continue till 20 November, 2023. The allotment status for the shareholders who applied would come on 23 November, 2023. The refunds for the ones who did not get allotment would be initiated on 24 November, 2023. The DEMAT accounts of shareholders would be credited on 28 November, 2023. The listing of the company would be completed on 29 November, 2023.

Arrowhead Seperation Engineering Limited IPO : Lead Managers

The lead managers are :

• Aryaman Financial Services Limited

The minimum lot size for the company is decided at 600 shares. This holding accounts to 139800 Rs.. The maximum lot size is decided at 1200 shares (HNI). This amounts to 279600 Rs.. Hence the company’s final holdings would be set as :

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Arrowhead Seperation Engineering Limited had an asset base of 1567 Lakh Rs in the year 2021. The asset base of the company increased to 1832 Lakh Rs in the year 2022. This increased to 2070 Lakh Rs in the year 2023. The revenue of the firm was 916 Lakh Rs in the year 2021. This increased to 1091 Lakh Rs in the year 2022. The revenue of the firm boosted to 2171 Lakh Rs in the year 2023. The company suffered a loss of 179 Lakh Rs in the year 2021. In the year 2022 the profit of the company was 9 Lakh Rs. However the profit of the firm boosted to a mega 169 Lakh Rs in the year 2023.

PROS

• The product portfolio includes Rotary Dryers, Vacuum Double Drum Dryers, Double Drum Dryers, Single Drum Dryers, Flaker Systems, Paddle Dryers, Totally Enclosed Single Drum Dryers, Flaker Systems, Continuous Particulate Dryers etc. 
• The company employs 54 people.

CONS

• The company works in a highly competitive segment.

Arrowhead Seperation Engineering Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1.   Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2.   Click the Arrowhead Seperation Engineering Limited IPO button and press the BID button.
3.   Entering the details asked for like UPI ID, Quantity and price.
4.   Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.