IPO : Arrowhead Seperation Engineering Limited
|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.
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|
|MAXIMUM BID||600 shares|
|PROMOTER HOLDING||35.09 % (Post-issue)|
|LISTING DATE||Wednesday, November 29, 2023|
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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