Arihant Academy Limited IPO
Arihant Academy Limited IPO
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Arihant Academy Limited's has transitioned to a publicly listed entity following its IPO debut on 29-12-2022 at the NSE exchange. The public offering successfully raised 16,35,200 Shares, consisting of 16,35,200 Sharesin new capital.
The IPO featured a competitive price range of ₹90 to ₹90 and minimum application size of 1600 shares. Market reception was evidenced through subscription activity between 16-12-2022 and 21-12-2022, reflecting investor appetite for the offering.
Allotment of shares was completed on 26-12-2022, distributing equity to successful applicants. The listing marked the beginning of the company's journey as a publicly traded corporation, subject to market dynamics and regulatory oversight.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Arihant Academy IPO About Company
Incorporated in 2007, Arihant Academy Limited operates under the brand name “Arihant Academy” and provides coaching services and parallel educational support across Mumbai’s western suburbs. The company offers classes for 8th, 9th, and 10th (State Board and ICSE), 11th and 12th (Science and Commerce), and specialized coaching for major entrance exams including JEE Main, JEE Advanced, NEET, and MHT-CET, along with professional exam preparation for CA and CS (entry and second level). From its initial 8 centres, Arihant Academy has expanded to 14 coaching branches, collectively training around 6,000 students.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Arihant Academy IPO Strength Factors
- Hybrid Coaching Model – Combines online and offline learning for effective education.
- Experienced Leadership – Led by a skilled and knowledgeable management team.
- Expert Faculty – A highly qualified team dedicated to student success.
- Growth & Development – Focused on professional and organizational excellence.
- Results-Driven Approach – Proven coaching methods designed for success.
Arihant Academy IPO Risk Factors
NA
Arihant Academy IPO Lead Manager(s)
- Shreni Shares Limited
Arihant Academy IPO Promoter(s)
- Mr. Anil Suresh Kapasi,
- Mr. Umesh Anand Pangam
Arihant Academy IPO FAQs
Arihant Academy Limited IPO subscribed 235.87 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byNovember 24, 2025 6:33:40 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
Arihant Academy IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
Arihant Academy IPO FAQs
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