
Emerging SME Services · BSE
Incorporated in 1991, Arrowhead Seperation Engineering Limited is engaged in manufacturing, trading, and exporting a wide range of dryers such as Vacuum Double Drum Dryer, Rotary Dryers, Single Drum Dryer, Double Drum Dryer, Paddle Dryer, Flaker Systems, Totally Enclosed Single Drum Dryer, and Continuous Particulate Dryer. The company focuses on meeting customer expectations by delivering high-quality products while maintaining ethical business practices and complete transparency to build strong customer relationships. As of June 2023, the company employs 54 people and also hires industry professionals on a project basis whenever required.
Price Band
₹233
Issue Size
₹13.00 Cr
Lot Size
600 shares
GMP
+10.7%
Est. Listing
₹258
at current GMP
Subscribed
94.85x
overall
Open
16 Nov 2023
Close
20 Nov 2023
Allotment
22 Nov 2023
Refund
23 Nov 2023
Demat Credit
24 Nov 2023
Listing
28 Nov 2023
Overall Subscription
94.85x
Total Demand
QIB Multiplier
0.00x
Institutions & Funds
NII / HNI
47.40x
High Net-Worth
Retail (RII)
142.30x
Individual Bidders
Live bidding breakdown by institutional, non-institutional, and retail investors
| Category | Shares Offered | Shares Applied / Bid | Times Subscribed |
|---|---|---|---|
| NIB | 264,000 | 12,514,800 | 47.40x |
| RETAIL | 264,000 | 37,566,600 | 142.30x |
| Total | 528,000 | 50,081,400 | 94.85x |
Total unique applications received across retail and HNI tranches
| Category | Applications Reserved | Applications Received | Times Subscribed |
|---|---|---|---|
| Retail (RII) | 325 | 46,248 | 142.30x |
| HNIs (10L +) | 2 | 95 | 47.40x |
| HNIs (2-10L) | 10 | 474 | 47.40x |
| Total Applications | 337 | 46,817 | 138.92x |
Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.
Arrowhead Seperation Engineering Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹13 Crores. The shares are offered at a price band of ₹233 to ₹233 per equity share on BSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 600 shares (approx. ₹1,39,800 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Allotment reconciliation will be managed by Cameo Corporate Services Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-11-24, while un-allotted funds or UPI block mandates will be released on 2023-11-23.
The latest Grey Market Premium (GMP) for Arrowhead Seperation Engineering Limited IPO is ₹25 per equity share. Based on the upper price band of ₹233 to ₹233 per equity share, the estimated listing price is ₹258 (+10.7% expected listing gain).
With a lot size of 600 shares and current GMP of ₹25, the expected profit per application lot is approx ₹15,000 (+10.7% gain). Minimum application cost is approx ₹1,39,800.
The Arrowhead Seperation Engineering Limited IPO aggregate issue size is ₹13 Crores with an equity price band set at ₹233 to ₹233 per equity share. The retail lot size is 600 shares requiring a minimum capital outlay of approx. ₹1,39,800.
Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 94.85x (Retail: 142.30x, QIB: 0.00x, NII: 47.40x). You can track live multiples directly on our dedicated subscription page.
The basis of allotment will be published on the official registrar portal (Cameo Corporate Services Limited) and the BSE status verification website on or around 2023-11-22. Investors can verify status using PAN card or application number.
Arrowhead Seperation Engineering Limited shares are scheduled to list on BSE on 2023-11-28.