Arihant Academy IPO subscription status started on Friday December 16, 2022 and will close on December 21, 2022. Arihant Academy IPO to raise around ₹14.72 crores via IPO. The retail quota is 50%, and NII is 50%. The price band is fixed at ₹90 per equity share.
The Arihant Academy IPO minimum market lot is 1600 shares with ₹144,000. The IPO to list on NSE.
Arihant Academy Limited is an indigenous sugar manufacturing and trading company with captive power co-generation capabilities. They produce and sell sugar, and sugar by-products such as mollases, pressmud and bagasse.
IPOWatch View
We recommend investors may apply an IPO with Long-term Views. Investors should also look at the NII, and Retail numbers before investing. You can check the Arihant Academy IPO allotment status here.
Arihant Academy IPO Subscription Status – Final Data
| Category | Day 2 | Day 3 | Day 4 |
| NII | 3.79 | 11.91 | 242.89 |
| RII | 21.40 | 60.45 | 228.85 |
| Total | 12.59 | 36.18 | 235.87 |
Arihant Academy IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Arihant Academy IPO Review
- May Apply
Arihant Academy IPO Date & Price Band
| IPO Open: | December 16, 2022 |
| IPO Close: | December 21, 2022 |
| IPO Size: | Approx ₹14.72 Crores, 1,635,200 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹90 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Arihant Academy IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1600 | ₹144,000 |
| Retail Maximum | 1 | 1600 | ₹144,000 |
| S-HNI Minimum | 2 | 3200 | ₹288,000 |
Arihant Academy IPO Subscription Dates
| IPO Open Date: | December 16, 2022 |
| IPO Close Date: | December 21, 2022 |
| Basis of Allotment: | December 26, 2022 |
| Refunds: | December 27, 2022 |
| Credit to Demat Account: | December 28, 2022 |
| IPO Listing Date: | December 29, 2022 |
Arihant Academy IPO Form
How to apply for the Arihant Academy IPO? You can apply for Arihant Academy IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Arihant Academy IPO in the Invest section. The other option is you can apply for Arihant Academy IPO via IPO forms downloaded via NSE. Check out the Arihant Academy forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
