Issue Price
₹233
Per Share
GMP
NIL
Grey Market
Est. Listing
₹233
Expected Price
Min. Application
₹279,600
2 lots × 600 shares
Incorporated in 1991, Arrowhead Seperation Engineering Limited manufactures and designs chemical process equipment such as drying and cooling system equipment. The company's product portfolio includes a Drum Dryer, Rotary Dryer, Flaker System and Zero Liquid Discharge SystemZLD.The company manufactures drum dryers, belt dryers, air impigment dryers, rotary vacuum dryers, rotary cascade dryers, steam tube dryers, paddle dryers, industrial flaking systems and drum flakers. The company's registered office with manufacturing facility is located in Nashik, Maharashtra. The company use an outsourcing model, a few steps of manufacturing processes are outsourced to third-party service provider on job work basis. The company sell its product in both domestic and international market. As of June 30, 2023, the company's top 5 customers were 96.82% of total revenue from operations and the top 5 suppliers were 48.82% of total purchases.As of June 30, 2023, the company has 54 payroll employees who facilitate the manufacturing operations.
Arrowhead Seperation Engineering Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 30,000 | — | ₹0.70 Cr | — |
| TOTAL | 558,000 | 100.00% | ₹13.00 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹139,800 |
| Retail (Max) | 13 | 7,800 | ₹1,817,400 |
| sNII (Min) | 14 | 8,400 | ₹1,957,200 |
| bNII (Min) | 68 | 40,800 | ₹9,506,400 |
| Particulars | 30 Jun 2023 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 881.71 | 2171.57 | 1091.73 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 64.34 | 169.18 | 9.17 |
| Net Worth | 310.41 | 246.07 | 77.26 |
| Total Assets | 2180.62 | 2070.53 | 1832.23 |
| Reserves & Surplus | 179.08 | 114.74 | -3.56 |
| Total Borrowings | 896.02 | 812.67 | 699.45 |