Arrowhead Seperation Engineering is set to launch an IPO which will open on November 16, 2023, and close on November 20, 2023. Through this public offer the company wants to raise Rs.13 Crore from the primary market, The Company fixed the price band of Rs. 233 with a minimum lot of 600 shares, and listed on November 29, according to the preliminary papers filed to the capital market regulator SEBI.
About Arrowhead Seperation Engineering Company
Arrowhead Seperation Engineering (1991) is engaged in the manufacturing of dryers and also primarily engaged in the design and manufacturing of various chemical process equipment with specialization in continuous drying and cooling systems equipment.
Arrowhead Seperation Engineering IPO Object
The objects of which the net proceeds from the fresh issue shall be utilized are as follows:
- Repayment of loans from NBFC’s
- Funding working capital requirement of the company
- General Corporate Purposes and issue expenses.
Arrowhead Seperation Engineering Strength
- Customized products for each client
- Qualified and experienced management team
- Relationships with customers and suppliers
- Wide range of products
Arrowhead Seperation Engineering Risk Factor
- Company Require too many approval and licenses
- Company experienced the losses in the fiscal year 2021
- Highly dependent on suppliers
- Company dependent on promoter group entity for manufacturing processes and corporate activities
Arrowhead Seperation Engineering IPO Review & Rating
| Issue Size (Rs.) | 13 crore |
| Issue Price (Rs.) | 233 per share |
| Minimum Lot Size | 600 shares |
| Total Profit (March 2023) (Rs.) | 1.69 crore |
| RoCE (%) | 68.75% |
| NAV (Rs.) | 18.74 |
| Listing on | BSE (SME) |
| IPO Deliver Rating | Three |
Arrowhead Seperation Engineering IPO Dates, Price Band & Details
Arrowhead Seperation Engineering IPO will open on November 16, 2023, and close on November 20, 2023. The IPO list on November 29, 2023.
| Type of issue | Fixed Price Issue IPO |
| Issue Size (Rs.) | 13 crore |
| Face Value (Rs.) | 10/- per share |
| IPO Open Date | November 16, 2023 |
| IPO Close Date | November 20, 2023 |
| IPO Allotment Date | November 23, 2023 |
| Refund Date | November 24, 2023 |
| Share Credit Date | November 28, 2023 |
| Listing Date | November 29, 2023 |
Arrowhead Seperation Engineering IPO Offer
Arrowhead Seperation Engineering IPO total issue size is 588,000 shares which comprise the below-mentioned categories.
| Offer Category | Shares Offer | Amount (Rs.) |
| Fresh Issue | 558,000 | 13 |
| Offer for Sale (OFS) | – | – |
Arrowhead Seperation Engineering Financials Review (lakhs)
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category (Rs.) | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| Total Revenue | 2,171.57 | 1,832.23 | 1,567.43 |
| Net Worth | 246.07 | 77.26 | 68.09 |
| Profit | 169.18 | 9.17 | (179.19) |
| Total Borrowings | 812.67 | 699.45 | 600.59 |
Arrowhead Seperation Engineering IPO Quantitative Factors
The following table sets forth the summary of financial information of the company for the financial year ending March 31, 2023, 2022, and 2021.
| Category | March 31, 2023 | March 31, 2022 | March 31, 2021 |
| EPS (Rs.) | 12.88 | 0.70 | (13.64) |
| RoNW (%) | 68.75 | 11.87 | (263.19) |
| NAV (Rs.) | 18.74 | – | – |
Arrowhead Seperation Engineering IPO Peer Comparison (Top 2)
There are listed companies in India that are comparable in all aspects of business.
| Company Names | EPS (Rs.) | RoNW (%) | NAV (Rs.) |
| Praj Industries | 13.05 | 22.09 | 58.68 |
| Kilburn Engg. | 8.66 | 26.76 | 29.46 |
Arrowhead Seperation Engineering Company Promoters
As per the DRHP and RHP, the company has two Promoters.
| Serial No. | Name |
| 01. | Mr. Ajit Mundle |
| 02. | Mrs. Jyoti Mundle |
Arrowhead Seperation Engineering Pre-offer and Post-Offer Promoters Shareholding
| Promoter and promoter group Shareholding | Percentage (%) |
| Pre-Issue | 50 |
| Post- Issue | 35.09 |
Arrowhead Seperation Engineering IPO Reservation
Arrowhead Seperation Engineering IPO total reservation shares distributed between the below-mentioned categories.
| Category | No. of Shares |
| Retail Share Offered | 50% of the issue size |
| Others Share Offered | 50% of the issue size |
Arrowhead Seperation Engineering IPO – Market Lot Size
An individual investor can apply for a minimum of 1 lot of 600 Shares and a maximum of 1 lot of 600 shares. Market lot sizes for retail investors are as follows:
| Application | Lot Size | No. of Shares | Amount (Rs.) |
| Retail Minimum | 01 | 600 | 1,39,800 |
| Retail Maximum | 01 | 600 | 1,39,800 |
Arrowhead Seperation Engineering IPO – Prospectus
An investor can download/view the Arrowhead Seperation Engineering prospectus copy, which was filed by the company to SEBI, details are as follows.
| Arrowhead Seperation Engineering IPO Prospectus | Download/View Links |
| Draft Red Herring Prospectus (DRHP) | Click here |
| Red Herring Prospectus (RHP) | Click here |
Arrowhead Seperation Engineering IPO Registrar
Cameo Corporate Services Limited
Tel No.: +91-44-40020700
E-Mail: investor@camerodina.com
Website: www.camerodina.com
Arrowhead Seperation Engineering IPO lead manager
Aryaman Financial Services Limited
Tel No.: +91-22 -62166999
E-Mail: ipo@afsl.co.in
Website: www.afsl.co.in
Arrowhead Seperation Engineering IPO Application (How to Apply for an IPO)
There are primary four options for applying for an Arrowhead Seperation Engineering IPO, details are as follows:
Option-1 Apply for IPO through Internet Banking
Step-1. Log into your bank account.
Step-2. In the invest Tab, you will see ASBA, click on it.
Step-3. Choose to apply for IPO and select the ongoing IPO “Arrowhead Seperation Engineering Limited”
Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment.
Step-5. After the above steps, the respective amount will get blocked till the allotment date and after it will get a refund/debited in case of rejection/allotment respectively.
Option-2 Apply for IPO through a Broker firm
Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)
Step-2. Click on the IPO tab and select the ongoing IPO “Arrowhead Seperation Engineering Limited”
Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.
Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your account or refunded in case no allotment is made to you.
Option-3 Apply for IPO Offline Mode Bank mode
Step-1. Visit the nearest branch of your bank.
Step-2. Fill out the ASBA form and submit it with KYC details.
Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will get debited from your bank account or refunded in case no allotment is made to you.
Option – 4 Apply for IPO through Stock Exchanges
NSE Form – Click to download
BSE Form – Click to download
Submit the form with your bank/broker.
Arrowhead Seperation Engineering Company Details
Arrowhead Seperation Engineering Ltd. (1991)
Registered Office: Survey No. 39, Village Mundhegaon, Tallagtpuri, Nashik -422403
Tel: +91-8422829060
Email: info@arrowhead-dryers.co.in
Website: www.arrowhead-dryers.com
Investor Grievances/Compliance Officer: Mrs. Radhika Bhootra
Arrowhead Seperation Engineering Subsidiary Companies (Top 2)
| Serial No. | Name of Companies |
| 01. | – |
| 02. | – |
Arrowhead Seperation Engineering Company Board (Top 2)
| Serial No. | Name of Directors |
| 01. | Mr. Ajit Mundle |
| 02. | Mrs. Jyoti Mundle |
Arrowhead Seperation Engineering IPO – Frequently Asked Questions (FAQ’s)
Q-1 What is Arrowhead Seperation Engineering IPO?
Ans: Arrowhead Seperation Engineering brings its SME IPO of Rs. 13 crore, on November 16, 2023, with a price band of Rs. 233 per share.
Q-2 What is Arrowhead Seperation Engineering IPO Open date?
Ans: Arrowhead Seperation Engineering IPO opening date is November 16, 2023.
Q-3 What is Arrowhead Seperation Engineering IPO Close date?
Ans: Arrowhead Seperation Engineering IPO closing date is November 20, 2023.
Q-4 What is Arrowhead Seperation Engineering IPO Listing date?
Ans: Arrowhead Seperation Engineering IPO listing date is November 29, 2023.
Q-5 What is Arrowhead Seperation Engineering IPO Minimum investment amount?
Ans: Arrowhead Seperation Engineering IPO minimum investment amount is Rs. 1,39,800.
Q-6 What is Arrowhead Seperation Engineering IPO offer issue Size?
Ans: Arrowhead Seperation Engineering offers an issue size of Rs. 13 Crores.
Q-7 What is Arrowhead Seperation Engineering IPO Price Band?
Ans: Arrowhead Seperation Engineering IPO price band is Rs 233 per share.
Q-8 Is Arrowhead Seperation Engineering IPO mainboard IPO or SME IPO?
Ans: Arrowhead Seperation Engineering IPO is the SME IPO.