Arrowhead Seperation Engineering Ltd IPO: Issue Details, Open/Close Date | Research 360 by Motilal Oswal
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Arrowhead Sepera

CMP

154.00

-2.00 (-1.28%)

₹233

Offer Price

₹ 13.00 Cr

Issue Size

₹ 1,39,800

Min Investment

600

Lot size

Time Line

  • 16
    Nov 2023
    Open
  • 20
    Nov 2023
    Close
  • 23
    Nov 2023
    Finalisation of Basis of Allotment
  • 24
    Nov 2023
    Initiation of Refunds
  • 28
    Nov 2023
    Transfer of Shares to Demat Account
  • 28
    Nov 2023
    Listing Date

Objects of the Offer

  • Reduction of debt.

  • Augment its fund based capacities in order to scale up business operation.

  • Continue to strengthen relationships with key service providers and take benefit of scalability by outsourcing model.

  • Focus on international market with competitive pricing.

Products & Services

  • The Company is primarily engaged in design and manufacture of various chemical process equipment`s with specialization in continuous drying and cooling system equipment.

Strengths

  • Customized product for each client.

  • Qualified and Experienced Executive Directors.

  • Relationship with Customers & Suppliers.

  • Location of Manufacturing Unit.

  • Wide range of products.

Risks

  • The company requires certain approvals and licenses in the ordinary course of business and are required to comply with certain rules and regulations to operate its business, and the failure to obtain, retain and renew such approvals and licenses or comply with such rules and regulations, and the failure to obtain or retain them in a timely manner or at all may adversely affect the company operations.

  • Thr company has concentrated customer base, making us significantly dependent on few customers for its revenue. The loss of any one or more of such customer may have a material effect on the compay business operations and profitability.

  • The company has experienced net losses in Fiscal 2021 and The company anticipate increased expenses in the future. Any loss in future periods could adversely affect its operations, financial conditions, and the trading price of the Equity Shares.

  • Equipments manufactured by it is associated with long gestation period and can be encashed only after the timely delivery. The company run the risk of satisfied solution to customer for order to be completed.

  • The company is heavily dependent on certain suppliers from whom its procure the company material on regular basis. Its day to day operations are dependent on their supply and availability of products. Any disruption of supply from such entities may affect its business operations.

Company Promoters

Promoters Holding

Issue For IPO
9.26%
Pre Holding

31.07%

Post Holding

21.81%

Top Promoters Holding

Financials

All values in Cr

Mar-2022 Mar-2023 Mar-2023 3-Yr trend
Revenue 10.87 (19.20%) 21.50 (97.80%) 68.75 (-)
Gross Profit 10.87 (19.20%) 21.50 (97.80%) 68.75 (-)
Net Income 10.87 (19.20%) 21.50 (97.80%) 68.75 (-)
Assets 10.87 (19.20%) 21.50 (97.80%) 68.75 (-)
Liabilities 10.87 (19.20%) 21.50 (97.80%) 68.75 (-)

Peers

Company Name Revenue (Cr) Net Profit (Cr) Assets (Cr) Liabilities (Cr) ROE EPS BVPS Current Ratio Debt to Assets
Arrowhead Seperation Engineering Ltd 21.50 1.69 11.81 9.35 68.75 0.00 18.74 2.28 0.69
Kilburn Engineering Ltd 221.53 30.13 262.24 262.24 28.56 8.66 29.46 11.49 0.61
Praj Industries Ltd 3,528.04 239.79 2,618.67 2,618.67 22.24 13.05 58.68 9.15 0.00

Book Running Managers

  • Aryaman Financial Services Ltd

Registrar & Transfer Agent

Cameo Corporate Services Ltd

Subramanian Building,
1ST Floor No 1,
Club House Road - Chennai - 600002
Phone : 91-44-28462700 Fax: 91-44-28460129

Company Contact Information

Survey No 39 Village Mundhega-,
on Tal Igatpuri,
Nashik - 422403
Phone : +91+91 84228 29060 Email : info@arrowhead-dryers.co.in www.arrowhead-dryers.com

Offer Related Information

Initial public offer of 5,58,000 equity shares of Rs. 10 each ("Equity Shares") of Arrowhead Seperation Engineering Limited ("ASEL" or the "Company") for cash at a price of Rs. 233 per share (the "Issue Price"), aggregating to Rs. 13.00 crores ("The Issue"), of which 30,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of... More

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