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  • By Goodwill
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  • November 16, 2023

IPO : Arrowhead Seperation Engineering Limited

Arrowhead Seperation Engineering Limited IPO

 SYMBOL ARROWHEAD
 ISSUE TYPE Fixed Price Issue IPO
 ISSUE OPENS ON Thursday, November 16, 2023
 ISSUE CLOSES ON Monday, November 20, 2023
 ISSUE PRICE ₹233 per share
 ISSUE SIZE Up to Rs.13.00 Crores
 FACE VALUE Rs.10 per share

Arrowhead Seperation Engineering IPO is a fixed price issue of Rs 13.00 crores. The issue is entirely a fresh issue of 5.58 lakh shares.

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Arrowhead Seperation Engineering IPO opens for subscription on November 16, 2023 and closes on November 20, 2023. The allotment for the Arrowhead Seperation Engineering IPO is expected to be finalized on Thursday, November 23, 2023. Arrowhead Seperation Engineering IPO will list on BSE SME with tentative listing date fixed as Wednesday, November 29, 2023.

 MINIMUM BID 600 shares
 MINIMUM AMOUNT  Rs.1,39,800
 MAXIMUM BID 600 shares
 MAXIMUM AMOUNT  Rs.1,39,800
 PROMOTER HOLDING 35.09 % (Post-issue)
 LISTING DATE Wednesday, November 29, 2023
 LISTING AT BSE-SME

Arrowhead Seperation Engineering IPO price is ₹233 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹139,800. The minimum lot size investment for HNI is 2 lots (1,200 shares) amounting to ₹279,600.

Objects of the Issue (Arrowhead Seperation Engineering IPO Objectives)

The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects (collectively, referred to herein as the “Objects”):

1. Repayment of Loan from NBFC’s;

2. Funding Working capital requirements;

3. General Corporate Purpose;

Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchange including enhancing visibility and the brand image among the existing and potential customers and creating a public market for the Equity Shares in India.

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