Arham Technologies Limited
NSE SME₹126,000 / 3000 Shares
IPO Details
Arham Technologies Limited IPO is priced between ₹42 per equity share, with a face value of ₹10 per share. The company's equity shares will be listed on the NSE SME, and Cameo Corporate Services Limited is managing the issue as the registrar.
The IPO bidding period opened on 5 Dec, 2022, and closed on 7 Dec, 2022. The allotment results will be announced on 12 Dec, 2022, with a tentative listing date set for 15 Dec, 2022.
The total issue comprises 2,280,000 shares of ₹10, amounting to ₹9.58 Cr.
Arham Technologies Limited IPO Highlights
| IPO Date | Listing Date | Face Value | Price Band | Lot Size | Fresh Issue | Offer for Sale | Listing At |
|---|---|---|---|---|---|---|---|
| Dec 5, 2022 - Dec 7, 2022 | 15 Dec, 2022 | ₹10 Per Equity Share | ₹42 per equity share | - | Shares | - | NSE SME |
Arham Technologies Limited IPO Timeline
Issue Price
₹42 per equity shareFace Value
₹10 Per Equity ShareListing at Group
NSE SMERegistrar
Cameo Corporate Services LimitedMarket Lot
3000 Shares (₹126,000/-)Lead Manager
Finshore Management Services LimitedIssue Size
2,280,000 shares of ₹10(aggregating up to ₹9.58 Cr)Retail Portion
N/ASubscription
442.79 timesArham Technologies Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 22 | 2314.27 | 3727.37 | 302.01 | - | - | - |
| 31 Mar 21 | 1542.22 | 2280.11 | 203.76 | - | - | - |
| 31 Mar 20 | 977.71 | 1379.28 | 56.51 | - | - | - |
| 31 Mar 19 | N/A | N/A | N/A | - | - | - |
All values are in ₹ Lakh
About Company
Incorporated in 2013, Arham Technologies Limited is engaged in manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand STARSHINE. The company also manufacture Fans, Air Coolers and Mixer Grinders through third-party manufacturers.
Arham Technologies Limited serve under Original Equipment Manufacturer (OEM) business models for LED Televisions. The company manufacture and supplies products as per the requirements of the customers, who then further distribute these products under their brands.
Raw materials like open cells, Electronic Circuits (Mainboard), cabinets and Back Light Units (BLU) are imported from China and Hongkong. Other accessories i.e. Speakers, Stands etc. are procured from domestic suppliers in India.
The company is strategically located in the new Smart City of Raipur, one of India's very first smart cities. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states.
Arham Technologies Limited IPO Subscription Details
| As on | QIB/NII | Retail | Total |
|---|---|---|---|
| Shares Offered / Reserved | 1,083,000 | 1,083,000 | 2,166,000 |
| Day 1 - 05-12-22 06:00 PM | 0.98 x | 4.96 x | 2.97 x |
| Day 2 - 06-12-22 06:00 PM | 22.16 x | 65.07 x | 43.64 x |
| Day 3 - 07-12-22 06:00 PM | 412.33 x | 467.99 x | 442.79 x |
Arham Technologies Limited IPO - Issue Objectives
- To meet the working capital requirements
- To meet the Issue Expenses
- General Corporate Purposes