IPO Synopsis

Arrowhead Seperation Engineering Ltd

Registered Office: Survey No 39 Village Mundhega-,on Tal Igatpuri, Nashik - 422403, Maharashtra, India. Phone : +91+91 84228 29060   Fax: Email : info@arrowhead-dryers.co.in Website :www.arrowhead-dryers.com

Initial public offer of 5,58,000 equity shares of Rs. 10 each ("Equity Shares") of Arrowhead Seperation Engineering Limited ("ASEL" or the "Company") for cash at a price of Rs. 233 per share (the "Issue Price"), aggregating to Rs. 13.00 crores ("The Issue"), of which 30,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the "Market Maker Reservation Portion"). The issue less than the market maker reservation portion i.e. issue of 5,28,000 equity shares of Rs. 10 each is hereinafter referred to as the "Net Issue". The issue and the net issue will constitute 29.82% and 28.22% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 23.3 times of the face value. Issue Opens On Closes On 16-Nov-23 20-Nov-23 Money Payable On Application Allotment 233.00 0.00 Minimum Application for shares in Nos : 600 Further Multiples of : 600 Cr Lead Managers to the Issue Project Cost (.Cr) 11.70 Aryaman Financial Services Ltd Project Financed through Current Offer (.Cr) 13.00   Post Issue Equity Share Capital (.Cr) 1.87 Issue Price () 233.00

Projects

Repayment of Loan from NBFC's Funding working capital requirements General corporate purposes

Promoted By

Ajit Mundle

Jyoti Mundle

Listing At

BSE - SME

Registrar to the Issue

No Data Available