Arrowhead Separation Engineering IPO: Check GMP, price, lot size about this SME IPO.
Arrowhead Separation Engineering IPO will be available for public subscription between November 16 and November 20
Arrowhead Separation Engineering IPO: Arrowhead Separation Engineering’s initial public offering (IPO) will be available for public subscription this week and opens on November 16 (Thursday). It ends on November 20 (Monday). The Rs 13 crore SME IPO price has been set at Rs 233 per share.
The allotment of shares will take place on November 23, while the listing on the BSE SME will take place on November 29.
Arrowhead Separation Engineering IPO GMP
According to market observers, unlisted shares of Arrowhead Seperation Engineering were trading at the same rate as the stock price, at Rs 233 per share. The zero gray market premium or GMP means that the gray market expects no listing gain from the public issue. The GMP is based on market sentiment and continues to change.
The ‘gray market premium’ indicates that investors are willing to pay more than the issue price.
Arrowhead Separation Engineering IPO Lot Size, Price
The Rs 13 crore SME IPO price has been set at Rs 233 per share. The minimum lot size is 600 shares. The minimum investment amount required by retail investors is Rs 1,39,800. The minimum investment for lot size for HNI is 2 lots (1,200 shares) worth Rs 2,79,600.
Aryaman Financial Services Limited is the lead manager of the Arrowhead Separation Engineering IPO, while Cameo Corporate Services Limited is the registrar for the issue. The market maker for Arrowhead Separation Engineering’s IPO is Aryaman Capital Markets.
About Arrowhead separation technique
Arrowhead Seperation Engineering Limited, established in 1991, is engaged in manufacturing, trading and exporting various types of dryers such as Double Drum Vacuum Dryers, Rotary Dryers, Single Drum Dryers, Double Drum Dryers, Paddle Dryer, Flaker Systems , totally closed single drum dryer, continuous particle dryer, etc.
Revenue during FY23 rose 98.91 per cent to Rs 21.71 crore and profit after tax (PAT) rose 1.69 per cent year-on-year.