Arihant Academy Limited IPO
i. Arihant Academy is engaged in providing coaching services and parallel educational support vertical in the western suburbs of Mumbai, Maharashtra for Class 8, 9 and 10 for both State Board and ICSE Board; Class 11 and 12 for commerce and science section; tutoring students in science field for entrance exams such as JEE (Main), JEE (Advanced) and MHT- CET (State level), NEET (National Level), MHT- CET (State Level, Maharashtra) and preparing students for professional exams such as CS and CA for entry level and second level exam, in the commerce section.
ii. They offer hybrid model of teaching services through classroom-based coaching under traditional Chalk & Talk concept and digital and distance learning, which supplement the classroom courses and allow students to engage in self-paced learning. The Company operates under the brand name “Arihant Academy”.
iii. The Company had acquired the business of M/s. Arihant Academy, a partnership firm vide Business Transfer Agreement dated February 05, 2009 entered between the company (earlier known as India Tutorials Private Limited), M/s. Arihant Academy, Mr. Anil Suresh Kapasi, Mr. Umesh Anand Pangam, Mr. Amit Prakash Chandra Mehrotra, Mr. Santosh Pandurang Shinde and Mr. Rajesh Mahadev Adkar.
iv. They cater to around 6,000 students from these above 14 coaching centers. Mr. Anil Suresh Kapasi, looks after Science Section whereas Mr. Umesh Anand Pangam overviews ICSE, SSC and Commerce Section.
- Hybrid Model of Coaching.
- Qualified Pool of Faculty.
- Result-oriented methods of coaching.
Objects of the Arihant Academy Limited IPO:
Arihant Academy Limited IPO Details:
|Open Date:||Dec 16 2022|
|Close Date:||Dec 21 2022|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue|
|Issue Size:||14.72 Cr.|
|Lot Size:||1600 Shares|
|Issue Price:||₹ 90 Per Equity Share|
|Listing At:||NSE Emerge|
|Listing Date:||Dec 29 2022|
Promoters And Management:
Financials of Arihant Academy Limited IPO:
|Particulars ( Fig. in Lakhs)||2022||2021||2020|
|Revenue From Operations||1,521||1,408||1,920|
|Employees benefit expenses||366||333||562|
|No. of Shares||60.5||60.5||60.5|
Comparison With Peers:
|Name of company||Revenue (in Cr)||Profit (in Cr)||EPS||P/E||CMP||MCap (In Cr)|
|CL Educate Limiteed||207||14||14.9||27.6||164||452|
|Veranda Learning Solution Limited||75||-58||-14.2||-19.7||281||1,730|
|Arihant Academy Limited||15||2||3.33||27||90||54.4|