Incorporated in 2013, Arham Technologies Limited is engaged in manufacturing of LED Smart Televisions. The company manufactures LED Televisions with different screen sizes under the brand ‘STARSHINE‘. The company also manufacture Fans, Air Coolers and Mixer Grinders through third-party manufacturers.
Arham Technologies Limited serve under Original Equipment Manufacturer (“OEM”) business models for LED Televisions. The company manufacture and supplies products as per the requirements of the customers, who then further distribute these products under their brands.
Raw materials like open cells, Electronic Circuits (Mainboard), cabinets and Back Light Units (BLU) are imported from China and Hongkong. Other accessories i.e. Speakers, Stands etc. are procured from domestic suppliers in India.
The company is strategically located in the new Smart City of Raipur, one of India’s very first smart cities. Chhattisgarh borders seven states i.e. Odisha, Andhra Pradesh, Telangana, Maharashtra, Madhya Pradesh Uttar Pradesh and Jharkhand which gives direct market access to these states.
Competitive Strengths:
- Strong team with experience and expertise.
- Organizational stability.
- Smooth flow of operations & Strong customer relationship.
- Well-defined organizational structure.
- Infrastructure and Integrated Manufacturing Facility.
- Constant focus on developing a new and innovative product.
- Geographical Advantage.
- Eligible for incentives from State Government for investing under IT & ES policy of Chhattisgarh.
Company Financials(Amount in Lakh)
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-20 | 977.71 | 1379.28 | 56.51 | 164.75 | 1.67 | 730.68 |
| 31-Mar-21 | 1542.22 | 2280.11 | 203.76 | 411.44 | 205.44 | 813.38 |
| 31-Mar-22 | 2314.27 | 3727.37 | 302.01 | 713.44 | 507.44 | 1032.89 |
| 30-Sep-22 | 2657.5 | 2140.06 | 128.37 | 841.81 | 223.81 | 1212.91 |
Objects of the Issue
The Objects of the Issue are:
A. To meet the working capital requirements
B. To meet the Issue Expenses
C. General Corporate Purposes
Arham Technologies IPO Details
| IPO Date | Dec 5, 2022 to Dec 7, 2022 |
| Listing Date | Dec 15, 2022 |
| Face Value | ₹10 per share |
| Price | ₹42 per share |
| Lot Size | 3000 Shares |
| Issue Size | 2,280,000 shares of ₹10 (aggregating up to ₹9.58 Cr) |
| Fresh Issue | 2,280,000 shares of ₹10 (aggregating up to ₹9.58 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | NIKUNJ STOCK BROKERS LIMITED |
| Company Promoters | Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain are the company promoters. |
Arham Technologies IPO Tentative Timetable
Arham Technologies IPO opens on Dec 5, 2022, and closes on Dec 7, 2022. The Arham Technologies IPO bid date is from Dec 5, 2022 10.00 A.M. to Dec 7, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 5, 2022 |
| Closing Date | Dec 7, 2022 |
| Basis of Allotment | Dec 12, 2022 |
| Initiation of Refunds | Dec 13, 2022 |
| Credit of Shares to Demat | Dec 14, 2022 |
| Listing Date | Dec 15, 2022 |
Arham Technologies IPO Lot Size
The Arham Technologies IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| S-HNI (Min) | 2 | 6,000 | ₹252,000 |
Arham Technologies IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.05% |
Arham Technologies IPO Review
ATL is operating in a fragmented and highly competitive segment. The issue appears fully priced based on its financial performance so far. The sustainability of margins going forward is a major concern. Well-informed, risk seeker cash surplus investors may consider investing in this fully priced issue.
Arham Technologies IPO Subscription Status (Bidding Detail)
The Arham Technologies IPO is subscribed 450.03 times on Dec 7, 2022 7:00:00 PM. The public issue subscribed 481.79 times in the retail category, times in the QIB category, and 418.27 times in the NII category.
| Category | Subscription (times) |
|---|---|
| NII | 418.27 |
| Retail | 481.79 |
| Total | 450.03 |
Company Contact Information
Arham Technologies Limited
Plot No. 15 Electronic Manufacturing Cluster,
Sector 22, Village Tuta,
Atal Nagarnava, Raipur – 492015,
Phone: +91 70697 66778
Email: cs@arhamtechnologies.co.in
Website: http://www.arhamtechnologies.co.in/
Arham Technologies IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: investor@cameoindia.com
Website: https://ipo.cameoindia.com/