What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of Arihant Academy Limited IPO?

Arihant Academy Limited IPO has received a total subscription of 235.87 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

Arihant Academy Limited

ListedSME

Education / Training Services · NSE

Incorporated in 2007, Arihant Academy Limited operates under the brand name “Arihant Academy” and provides coaching services and parallel educational support across Mumbai’s western suburbs. The company offers classes for 8th, 9th, and 10th (State Board and ICSE), 11th and 12th (Science and Commerce), and specialized coaching for major entrance exams including JEE Main, JEE Advanced, NEET, and MHT-CET, along with professional exam preparation for CA and CS (entry and second level). From its initial 8 centres, Arihant Academy has expanded to 14 coaching branches, collectively training around 6,000 students.

Price Band

₹90

Issue Size

₹14.72 Cr

Lot Size

1600 shares

GMP

₹39

+43.3%

Est. Listing

₹129

at current GMP

Subscribed

235.87x

overall

Open

16 Dec 2022

21 Dec 2022

Allotment

26 Dec 2022

Refund

27 Dec 2022

Demat Credit

28 Dec 2022

Listing

29 Dec 2022

Last updated 11 months ago

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

235.87x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 235.87x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	817,778	—	0.00x
Non-Institutional (NII / HNI)	245,333	—	0.00x
Retail Individual (RII)	572,444	—	0.00x
Total	1,635,555	0	235.87x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 235.87x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	358	84,441	235.87x
HNIs (10L +)	2	472	236.00x
HNIs (2-10L)	11	2,595	235.91x
Total Applications	371	87,508	235.87x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

About Arihant Academy Limited Public Issue & Market Profile

Arihant Academy Limited is bringing an initial public offering (IPO) in the Education / Training Services sector with an aggregate issue size of ₹14.72 Crores. The shares are offered at a price band of ₹90 to ₹90 per equity share on NSE. Currently, market analysts recommend evaluating the company's financial valuation, price-to-earnings (P/E) multiple, and peer comparison prior to submitting bids.

Bidding & Quota Instructions:

The public offer consists of a fresh issue and offer-for-sale structured under SEBI regulations. Bidding is open to Qualified Institutional Buyers (QIB), Non-Institutional Bidders (NII/HNI), and Retail Individual Investors (RII). Applications can be submitted online using ASBA or UPI mandate through certified stock brokers and net banking portals.

Allotment Reconciliation Schedule:

Following the close of bidding on 2022-12-21, the basis of allotment is scheduled to be finalized on 2022-12-26. Investors can verify their application status online by submitting their PAN card number, Application Number, or DP Client ID on the registrar's official portal (Bigshare Services Private Limited) or the BSE allotment checking window.

Frequently Asked Questions

What is Arihant Academy Limited IPO GMP today?

The latest Grey Market Premium (GMP) for Arihant Academy Limited IPO is ₹39 per equity share. Based on the upper price band of ₹90 to ₹90 per equity share, the estimated listing price is ₹129 (+43.3% expected listing gain).

What is the expected profit per lot for Arihant Academy Limited IPO?

With a lot size of 1600 shares and current GMP of ₹39, the expected profit per application lot is approx ₹62,400 (+43.3% gain). Minimum application cost is approx ₹1,44,000.

What is the issue size and price band for Arihant Academy Limited IPO?

The Arihant Academy Limited IPO aggregate issue size is ₹14.72 Crores with an equity price band set at ₹90 to ₹90 per equity share. The retail lot size is 1600 shares requiring a minimum capital outlay of approx. ₹1,44,000.

How can I check Arihant Academy Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 235.87x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will Arihant Academy Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Bigshare Services Private Limited) and the BSE status verification website on or around 2022-12-26. Investors can verify status using PAN card or application number.

When is the listing date for Arihant Academy Limited IPO?

Arihant Academy Limited shares are scheduled to list on NSE on 2022-12-29.