Arrowhead Seperation IPO is involved in the design and manufacturing of various chemical process equipment, specializing in continuous drying and cooling system equipment. The company is dedicated to developing equipment and providing solutions that meet global standards.
The primary products offered by Arrowhead Seperation Engineering include dryers like Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, Continuous Particulate Dryer, and more.
The company’s registered office, along with its manufacturing facility, is located in Nashik, Maharashtra. The factory workshop covers an area of 24,000 sq. ft., with an attached office space of 3,000 sq. ft. Arrowhead Seperation Engineering has a team of 54 employees, supplemented by industry professionals hired on a project-specific basis as needed.
Arrowhead Seperation IPO Timeline
Arrowhead Seperation IPO opens on November 16, 2023, and closes on November 20, 2023.
| IPO Open Date | Thursday, November 16, 2023 |
| IPO Close Date | Monday, November 20, 2023 |
| Basis of Allotment | Thursday, November 23, 2023 |
| Initiation of Refunds | Friday, November 24, 2023 |
| Credit of Shares to Demat | Tuesday, November 28, 2023 |
| Listing Date | Wednesday, November 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on November 20, 2023 |
Arrowhead Seperation IPO Lot Size
Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹139,800 |
| Retail (Max) | 1 | 600 | ₹139,800 |
| HNI (Min) | 2 | 1,200 | ₹279,600 |
About the Issue
The Arrowhead Seperation IPO is a fixed-price issue valued at Rs 13.00 crores, consisting entirely of a fresh issue of 5.58 lakh shares.
The IPO subscription period is set to open on November 16, 2023, and will conclude on November 20, 2023. The allotment for the Arrowhead Separation Engineering IPO is expected to be finalized on Thursday, November 23, 2023. The listing of the IPO on BSE SME is anticipated on Wednesday, November 29, 2023.
The Arrowhead Seperation IPO is priced at ₹233 per share, with a minimum lot size for an application set at 600 shares. Retail investors are required to make a minimum investment of ₹139,800, while the minimum lot size investment for HNIs is 2 lots (1,200 shares) amounting to ₹279,600.
Aryaman Financial Services Limited is the book running lead manager for the Arrowhead Seperation Engineering IPO, and Cameo Corporate Services Limited is the registrar for the issue. Aryaman Capital Markets serves as the market maker for the IPO.
Arrowhead Seperation IPO Registrar
Cameo Corporate Services Limited
Phone: +91-44-28460390
Email: priya@cameoindia.com
Website: https://ipo.cameoindia.com/
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 Seperation 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 through Zerodha?
Steps to apply in Arrowhead Seperation Engineering IPO through Zerodha
- Visit the Zerodha website and login to Console.
- Go to Portfolio and click the IPOs link.
- Go to the ‘Arrowhead Seperation Engineering IPO’ row and click the ‘Bid’ button.
- Enter your UPI ID, Quantity, and Price.
- ‘Submit’ IPO application form.
- Visit the UPI App (net banking or BHIM) to approve the mandate.