Arham Technologies Limited IPO Detail

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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing

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 DateDec 5, 2022 to Dec 7, 2022
Listing DateDec 15, 2022
Face Value₹10 per share
Price₹42 per share
Lot Size3000 Shares
Issue Size2,280,000 shares of ₹10
(aggregating up to ₹9.58 Cr)
Fresh Issue2,280,000 shares of ₹10
(aggregating up to ₹9.58 Cr)
Issue TypeFixed Price Issue IPO
Listing AtNSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company PromotersMr. 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.

EventTentative Date
Opening DateDec 5, 2022
Closing DateDec 7, 2022
Basis of AllotmentDec 12, 2022
Initiation of RefundsDec 13, 2022
Credit of Shares to DematDec 14, 2022
Listing DateDec 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).

Retail (Min)13000₹126,000
Retail (Max)13000₹126,000
S-HNI (Min)26,000₹252,000

Arham Technologies IPO Promoter Holding

Pre Issue Share Holding100.00%
Post Issue Share Holding73.05%

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.

CategorySubscription (times)

Company Contact Information

Arham Technologies Limited
Plot No. 15 Electronic Manufacturing Cluster,
Sector 22, Village Tuta,
Atal Nagarnava, Raipur – 492015,
Phone: +91 70697 66778

Arham Technologies IPO Registrar

Cameo Corporate Services Limited

Phone: +91-44-28460390

Leave a Reply

Your email address will not be published. Required fields are marked *