The Arrowhead IPO is set to begin on November 16 and end on November 20. This IPO, which is listed on the BSE SME, aims to raise 13.00 crores. The fixed price band for the Arrowhead IPO is 233 per share, with a market lot of 600 shares.
Arrowhead IPO Details
Arrowhead Seperation Engineering Limited specializes in designing and manufacturing various chemical process equipment, focusing on continuous drying and cooling system equipment. The company aspires to create equipment and solutions that meet global standards.
| Arrowhead IPO Dates & Price | |
|---|---|
| IPO Open Date | 16 November 2023 |
| IPO Close Date | 20 November 2023 |
| IPO Fund Size | Approx ₹13.00 Crores, 558,000 Equity Shares |
| Face Value | ₹10 Per Equity Share |
| IPO Price Band | ₹233 Per Equity Share |
| IPO Listing on | BSE SME |
| Retail Quota | 50% of the net offer |
| NII Quota | 50% of the net offer |
| DRHP Draft Prospectus | Click Here |
| RHP Draft Prospectus | Click Here |
Arrowhead Seperation Engineering’s key products include dryers like Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, and more.
The company is based in Nashik, Maharashtra, with its registered office and manufacturing facility. The factory workshop spans 24,000 sq. ft., with an attached office of 3,000 sq. ft. Currently employing 54 individuals, Arrowhead also collaborates with industry professionals on a project-specific basis.
Arrowhead IPO Market Lot Size
The minimum market lot for the Arrowhead IPO is 600 shares, with a 139,800 application fee.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 600 | ₹139,800 |
| Retail Maximum | 1 | 600 | ₹139,800 |
| S-HNI Minimum | 2 | 1200 | ₹279,600 |
Arrowhead IPO Important Dates
The Arrowhead IPO is scheduled for November 16, with the IPO closing on November 20. The IPO allocation deadline is November 23, and the IPO could go public on November 29.
| Arrowhead IPO Open Date | November 16, 2023 |
| Arrowhead IPO Close Date | November 20, 2023 |
| Allotment Date | November 23, 2023 |
| Refunds | November 24, 2023 |
| Credit to Demat Account | November 28, 2023 |
| Arrowhead IPO Listing Date | November 29, 2023 |
Financial Report of Arrowhead Company
| Values are ₹ in Crores | |||
| Year | Revenue | Expense | PAT |
| 2021 | ₹9.17 | ₹10.40 | ₹1.79 |
| 2022 | ₹10.92 | ₹10.79 | ₹0.09 |
| 2023 | ₹21.72 | ₹19.88 | ₹1.69 |
| 2024 3M | ₹8.82 | ₹7.96 | ₹0.64 |
- Peer Group: NA
- Company Promoters: Ajit Mundle, Jyoti Mundle
Registrar of Arrowhead IPO
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: [email protected]
Website: https://ipo.cameoindia.com/
Company Address
Arrowhead Seperation Engineering Limited
Survey No 39, Village Mundhegaon, Tal
Igatpuri, Nashik 422403
Phone: + 91 84228 2906
Email: [email protected]
Website: https://www.arrowhead-dryers.com/