Arham Technologies Limited initiated its business operations in 2013. The company is involved in manufacturing LED Smart Televisions. Its brand name for sales is STARSHINE. It also manufactures Fans, Mixer grinders and Air Coolers through third party manufacturers. It is located in Raipur and it is a strategic move. This gives the company access to seven states like Odisha, Telangana, Andhra Pradesh, Maharashtra, Uttar Pradesh, Madhya Pradesh and Jharkhand.
IPO DETAILS
Arham Technologies Limited IPO is set to launch on 5 Dec., 2022. The subscription timeline extends till 7 Dec., 2022. The size for the IPO is 9.58 Crore Rs.. Shares issued through fresh issues are worth 9.58 Crore Rs. No Shares are issued through Offer For Sale mode. The lot size is 3000 shares and the price is 42 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a price fixed issue. The registrar for the company is Cameo Corporate Services Limited.
TABULAR REPRESENTATION OF IPO DETAILS
| IPO OPENING DATE | 5 Dec., 2022 |
| CLOSING DATE FOR IPO | 7 Dec., 2022 |
| ISSUE TYPE | Fixed Price Issue |
| Face Value per share | 10 Rs. per share |
| IPO price band | 42 Rs. |
| LOT SIZE | 3000 shares |
| MINIMUM ORDER QUANTITY | 3000 shares |
| ISSUE SIZE | 9.58 Crore Rs. |
| OFFER FOR SALE | No shares Issued |
| FRESH ISSUE | 9.58 Crore Rs. |
| LISTING AT | NSE SME |
| LISTING DATE | 15 Dec., 2022 |
IMPORTANT DATES
| IPO OPENING DATE | 5 Dec., 2022 |
| CLOSING DATE FOR IPO | 7 Dec., 2022 |
| IPO ALLOTMENT DATE | 12 Dec., 2022 |
| REFUNDS | 13 Dec., 2022 |
| DEMAT A/C CREDITED ON | 14 Dec., 2022 |
| IPO LISTING DATE | 15 Dec., 2022 |
Arham Technologies Limited IPO begins for subscription from 5 Dec., 2022. The IPO subscription would continue till 7 Dec., 2022. The allotment status for the shareholders who applied would come on 12 Dec., 2022. The refunds for the ones who did not get allotment would be initiated on 13 Dec., 2022. The DEMAT accounts of shareholders would be credited on 14 Dec., 2022. The listing of the company would be accompanied on 15 Dec., 2022.
Lead Managers
The lead managers are :
- Finshore Management Services Limited
The minimum lot size for the company is decided at 3000 shares. This holding accounts to 126000 Rs.. The maximum lot size is decided at 3000 shares. This amounts to 126000 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 3000 shares | 126000 Rs. |
| Maximum | 3000 shares | 126000 Rs. |
OBJECTIVES FOR THE IPO
- For General corporate purposes.
- For meeting the working capital requirements.
- Issue expenses will also be covered under the same.
COMPANY FINANCIALS
| Particularly (in Lakh Rs.) | 2021-22 | 2020-21 | 2019-20 |
| ASSETS | 2314 | 1542 | 977 |
| Revenue | 3727 | 2280 | 1379 |
| PAT | 302 | 204 | 57 |
Arham Technologies Limited has an asset base of 2314 Lakh Rs. It has been increasing its asset base since 2020. It has an asset base of 977 Lakh Rs in 2020 which increased to 1542 Lakh Rs in 2021. However in 2022 the same increased to 2314 Lakh Rs. This means that the increase in the asset is roughly around 700 plus Lakh Rs.
The revenue generation of Arham Technologies Limited is 3727 Lakh Rs in 2022. However the same was 1379 Lakh Rs in 2020 and 2280 Lakh Rs in 2021. This means that the company increased its revenue by a whopping 2348 Lakh Rs in the span of 2 years. In other words the revenue increased by 170% in 2 years.
The profitability of Arham Technologies Limited was 302 Lakh Rs in 2022. This was just 57 Lakh Rs in 2020. Hence an increase of 250 Lakh Rs approx. is noticed within 2 years. In 2021 the profits was 204 Lakh Rs. Hence the company is doing well financially.
PROS
- Arham Technologies Limited imports its major raw materials from China and Hong Kong for better quality and cost reduction.
- It is involved in manufacturing of LED televisions as well as fans, mixer grinders and air coolers.
- Arham Technologies Limited has a brand name for the sale of television named as STARSHINE.
CONS
- The company works in a highly competitive segment.
Arham Technologies Limited IPO APPLICATION PROCESS WITH ZERODHA
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform.
- Clicking the IPO link present in the Portfolio section.
- Click the Arham Technologies Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
