Arrowhead IPO Date, Review, Price, Allotment Details

Arrowhead IPO Details: Arrowhead IPO date is fixed, The IPO will open on November 16 and will close on November 20. Arrowhead is a BSE SME IPO to raise ₹13.00 crores via IPO. The Arrowhead IPO price band is fixed at ₹233 with a market lot of 600 shares.
Arrowhead IPO

Arrowhead Seperation Engineering Limited is engaged in the design and manufacture of various chemical process Equipment with a specialization in continuous drying and cooling system equipment. The company has the vision to develop Equipment and provide a solution that matches the global standard.


Arrowhead Seperation Engineering’s primary products of the company are dryers such as Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, etc.

The company has its registered office with a manufacturing facility in Nashik, Maharashtra. The factory workshop area is 24000 sq. ft. with an attached office of 3000 sq. ft. They have 54 employees and also employ industry professionals for project-specific work on a professional basis from time to time.


Objects of the Issue:

  • Repayment of Loan from NBFC’s;
  • Funding Working capital requirements;
  • General Corporate Purpose;

Arrowhead IPO Review

  • May Apply

Arrowhead IPO Date & Price Band Details

IPO Open:November 16, 2023
IPO Close:November 20, 2023
IPO Size:Approx ₹13.00 Crores, 558,000 Equity Shares
Face Value:₹10 Per Equity Share
IPO Price Band:₹233 Per Equity Share
IPO Listing on:BSE 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

Arrowhead IPO Market Lot

The Arrowhead IPO minimum market lot is 600 shares with a ₹139,800 application amount.

ApplicationLot SizeSharesAmount
Retail Minimum1600₹139,800
Retail Maximum1600₹139,800
S-HNI Minimum21200₹279,600

Arrowhead IPO Dates

The Arrowhead IPO date is November 16 and the IPO close date is November 20. The IPO allotment date is November 23 and the IPO might list on November 28.

IPO Open Date:November 16, 2023
IPO Close Date:November 20, 2023
Basis of Allotment:November 23, 2023
Refunds:November 24, 2023
Credit to Demat Account:November 28, 2023
IPO Listing Date:November 28, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

Arrowhead IPO Form

How to apply Arrowhead IPO? You can apply Arrowhead IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Arrowhead IPO in the Invest section. The other option you can apply Arrowhead IPO via IPO forms download via the BSE website. Check out the Arrowhead forms – click BSE IPO Forms download, fill and submit in your bank or with your broker.


Arrowhead Company Financial Report

₹ in Crores
YearRevenueExpensePAT
2021₹9.17₹10.40₹1.79
2022₹10.92₹10.79₹0.09
2023₹21.72₹19.88₹1.69
2024 3M₹8.82₹7.96₹0.64

Arrowhead IPO Valuation – FY2023

Check Arrowhead IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹12.88 per Equity Share
Price/Earning P/E Ratio:NA
Return on Net Worth (RoNW):68.75%
Net Asset Value (NAV):₹18.74 per Equity Share

Peer Group

  • NA

Company Promoters

  • Ajit Mundle
  • Jyoti Mundle

Arrowhead IPO Registrar

Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/

Arrowhead IPO Allotment Status

Check Arrowhead IPO allotment status on CameoIndia website URL. Click Here

Arrowhead IPO Lead Managers aka Merchant Bankers

  • Aryaman Financial Services Limited

Company Address

Arrowhead Seperation Engineering Limited
Survey No 39,
Village Mundhegaon, Tal
Igatpuri, Nashik 422403
Phone: + 91 84228 2906
Email: info@arrowhead-dryers.co.in
Website: https://www.arrowhead-dryers.com/

Arrowhead IPO FAQs


What is Arrowhead IPO?

Arrowhead IPO is a BSE SME IPO. They are going to raise ₹13.00 Crores via IPO. The issue is priced at ₹233 per equity share. The IPO is to be listed on BSE.

When Arrowhead IPO will open?

The IPO is to open on November 16, 2023 for QIB, NII, and Retail Investors.

What is Arrowhead IPO Investors Portion?

The investors’ portion for NII is 50%, and Retail is 50%.

How to Apply the Arrowhead IPO?

You can apply Arrowhead IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the Arrowhead IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “Arrowhead”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the Arrowhead IPO through Upstox?

Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “Arrowhead”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the Arrowhead IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “Arrowhead”. Click on Bid Button. Confirm your application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is Arrowhead IPO Size?

Arrowhead IPO size is ₹13.00 crores.

What is Arrowhead IPO Price Band?

Arrowhead IPO Price Band is ₹233 per equity share.

What is Arrowhead IPO Minimum and Maximum Lot Size?

The IPO bid is 600 shares with ₹139,800.

What is Arrowhead IPO Allotment Date?

Arrowhead IPO allotment date is November 23, 2023.

What is Arrowhead IPO Listing Date?

Arrowhead IPO listing date is November 28, 2023. The IPO to list on BSE SME.

Note: The Arrowhead IPO details are announced officially. The IPO grey market premium (Arrowhead IPO Premium) is updated on the respective page. You can check our IPO grey market page for daily updates.)

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