Arrowhead Seperation Engineering Limited IPO
Core Business: The company is primarily engaged in the design and manufacture of various chemical process equipment, with a specialization in continuous drying and cooling system equipment.
Key Products: The primary products of the company include dehydration solutions, glycerine recovery systems, and calcium chloride recovery plants. These systems are designed to provide efficient and cost-effective solutions for specific industrial processes, such as recovering glycerine from the effluent stream and recovering calcium chloride through an indirect calcination system.
Vision: The company has a vision to develop equipment and provide solutions that match global standards. This indicates a commitment to quality and a focus on staying competitive in the global market.
Facilities: The company’s manufacturing facility, located in Nashik, Maharashtra, is equipped with all necessary manufacturing facilities. The factory has a workshop area of 24,000 sq. ft. and an attached office of 3,000 sq. ft. The company also has a corporate office in Navi Mumbai. The manufacturing facility is managed by experienced and skilled managerial and workshop staff.
Client Engagement: The company conducts pilot trials on client’s material to arrive at suitable drying solutions for their applications. This implies a customer-centric approach, where the company customizes its solutions based on the specific needs of each client.
Experience and Expertise: The company boasts more than two decades of experience in the dryer manufacturing business. The team, with its experience, plays a key role in driving growth and business strategies. The focus on continuous improvement, better designs, and a skilled team underscores a commitment to staying competitive and meeting client needs.
Client Base and Network: The company has established a network and a healthy client base due to the quality of its products and customization options. This indicates a positive reputation in the market.
Manufacturing Process: The manufacturing process involves welding, grinding, and machining, which are carried out when customer orders are received. The company also utilizes sub-contracting and employs contractual labor to fulfill orders.
Employee Strength: As of June 30, 2023, the company has an on-payroll employee strength of 54 persons. Additionally, industry professionals are employed on a project-specific basis as needed.
Operational Efficiency: The company emphasizes operational efficiency by minimizing operating costs in its solutions, such as achieving glycerine recovery at minimal operating costs and using exhaust gases for upstream drying operations.
Objects of the Arrowhead Seperation Engineering Limited IPO:
Arrowhead Seperation Engineering Limited IPO Details:
|Open Date:||Nov 16 2023|
|Close Date:||Nov 20 2023|
|Face Value:||₹ 10 Per Equity Share|
|Issue Type:||Fixed Price Issue IPO|
|Issue Size:||13 Cr.|
|Lot Size:||600 Shares|
|Issue Price:||₹ 233 Per Equity Share|
|Listing At:||BSE SME|
|Listing Date:||Nov 29 2023|
Promoters And Management:
Financials of Arrowhead Seperation Engineering Limited IPO:
Particulars ( In Lakhs )
|Revenue from Operations||912||1,087||2,150||872|
|Cost of Materials Consumed||636||831||1,188||348|
|Change in Inventory||-21||-272||135||215|
|Employee benefits expenses||250||318||314||76|
|Depreciation & Amortisation||6||6||4||1|
Comparison With Peers:
|Name of the Company||Revenue (In Crore)||PAT (In Crore)||EPS ( in Rs)||P/E||CMP||Mcap (In Crore)|
|Arrowhead Seperation Engineering Limited||22||2||9.04||25.8||233||44|
|Kilburn Engineering Ltd||222||30||8.41||24.9||253||920|
|Praj Industries Ltd||3,528||240||13.05||38.5||569||10,449|