Arihant Institute IPO

Arihant Institute IPOBusiness description - Arihant Institute is engaged in providing coaching & educational guidance for students appearing for professional course – Chartered Accountant, Company Secretary and CMA. The company provides the coaching and guidance from Entry level test exam till final exam and covers all the subjects in depth with test series to improve their confidence and overall result. The company has given education to more than 10000 students appeared for professional & Graduates exam so far. The institute’s student strength has improved and it has produced 205 National Rankers in CA Inters and Final Courses, 2000+ Chartered Accountant and 175+ Company Secretary. Arihant’s premises is spread over 9,500 sq. feet and includes 8 air conditioned class room, well equipped library, canteen, staff room, 2 studios, back-up lab, conference room and large administrative blocks.

Promoters of Arihant Institute – Mr Sandip Vinodray Kamdar, Mr Vinodray Keshavlal Kamdar, Mrs Maduben Vinodray Kamdar, Mrs Anjali Sandipbhai Kamdar
Arihant Institute IPO details
Subscription Dates 23 - 28 May 2018
IPO Price band INR30 per share
Fresh issue 2,500,000 shares (INR7.50 crore)
Offer for sale Nil
Total IPO size 2,500,000 shares (INR7.50 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Use of funds
  • Training Centre Expansion - INR4.19 crore
  • Technical Infrastructure - Servers, Studio & Content - INR1.17 crore
  • Corporate Office - Furniture & Equipment - INR0.48 crore
  • Branding & Marketing - INR0.72 crore
  • General Corporate Purpose - INR0.58 crore
  • Issue Expenses - INR0.38 crore
Arihant Institute's financial performance (in INR lakh)
FY2013 FY2014 FY2015 FY2016 FY2017 10M FY2018
Total revenue 864.2 610.0 385.5 167.1 169.2 114.1
Total expenses 833.4 751.6 382.4 313.9 158.0 102.4
Profit after tax 16.5 -146.3 3.8 -144.5 11.3 12.3
Arihant Institute's Contact Details

Arihant Institute Limited
2, Navinpark Society, Near. Muncipal School No.4,
Sardar Patel Colony Road,
Naranpura, Ahmedabad - 380 013

Phone: +91 079 2768 3113

Arihant Institute IPO Subscription Details
Day Subscription (no. of times)
Day 1 0.20
Day 2 0.31
Day 3 0.56
Day 4 2.08
Arihant Institute Valuation (for FY2017)

Earnings Per Share (EPS): INR0.77

Price/Earnings (P/E) ratio: 38.96

Return on Net Worth (RONW): 3.1%

Net Asset Value (NAV): INR6.00 per share

Registrar of Arihant Institute IPO

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
 +91 40 2343 1551 

Arihant Institute IPO Allotment Status

Arihant Institute IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status.

Listing performance of Arihant Institute

IPO Opening Date: 23 May 2018

IPO Closing Date: 28 May 2018

Listing Date: 5 June 2018

Listing Price on BSE SME: INR29.95 per share (down 0.17% from IPO price)

Closing Price on BSE SME: INR29.25 per share (down 2.50% from IPO price)

Arihant Institute IPO
Rate this post

4 thoughts on “Arihant Institute IPO

  • May 28, 2018 at 4:08 PM

    The expansion is totally a aura that is created. the amounts collectable will only be used for the resolving the previous downfalls. No big plans for an expansion on broader levels.

  • May 26, 2018 at 12:54 AM

    How revenue decline last year compare to FY 2015 ?
    Income increase nearly by 3 times

  • May 22, 2018 at 2:58 PM

    Why r sales declining every year…

    • May 24, 2018 at 9:17 AM

      Because competition has increased and students are now going for online learning. It is a failing business model, good for promoters but shareholders have only lost money in education stocks.


Leave a Reply

Your email address will not be published. Required fields are marked *