JKB Financial Services Ltd.

Arrowhead Seperation Engineering Ltd
Registered Office: Survey No 39 Village Mundhega-, on Tal Igatpuri, Nashik - 422403, Maharashtra
Phone: +91+91 84228 29060
Email: info@arrowhead-dryers.co.in
Website: www.arrowhead-dryers.com
Initial public offer of 5,58,000 equity shares of Rs. 10 each (Equity Shares) of Arrowhead Seperation Engineering Limited (ASEL or the Company) for cash at a price of Rs. 233 per share (the Issue Price), aggregating to Rs. 13.00 crores (The Issue), of which 30,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the Market Maker Reservation Portion). The issue less than the market maker reservation portion i.e. issue of 5,28,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.82% and 28.22% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 23.3 times of the face value.

Arrowhead Seperation Engineering Ltd

Registered Office: Survey No 39 Village Mundhega-, on Tal Igatpuri, Nashik - 422403, Maharashtra

Phone: +91+91 84228 29060

Initial public offer of 5,58,000 equity shares of Rs. 10 each (Equity Shares) of Arrowhead Seperation Engineering Limited (ASEL or the Company) for cash at a price of Rs. 233 per share (the Issue Price), aggregating to Rs. 13.00 crores (The Issue), of which 30,000 equity shares of Rs. 10 each will be reserved for subscription by aggregating market maker to the issue (the Market Maker Reservation Portion). The issue less than the market maker reservation portion i.e. issue of 5,28,000 equity shares of Rs. 10 each is hereinafter referred to as the Net Issue. The issue and the net issue will constitute 29.82% and 28.22% respectively of the post issue paid up equity share capital of the company. The face value of the equity share is Rs. 10 and the issue price is 23.3 times of the face value.

Issue	Money Payable On
16-Nov-2023	20-Nov-2023	₹ 233.00	₹ 0.00

Issue

Money Payable On

Opens On

Closes On

Application

Allotment

16-Nov-2023

20-Nov-2023

₹ 233.00

₹ 0.00

Minimum Application for shares in Nos : 600 Further Multiples of : 600
Project Cost	11.70	Aryaman Financial Services Ltd
Project Financed through Current Offer	13.00
Post Issue Equity Share Capital	1.87
Issue Price	₹233.00

Minimum Application for shares in Nos : 600 Further Multiples of : 600

(₹)Cr.

Lead Managers to the Issue

Project Cost

11.70

Aryaman Financial Services Ltd

Project Financed through Current Offer

13.00

Post Issue Equity Share Capital

1.87

Issue Price

₹233.00

Projects
Repayment of Loan from NBFC's
Funding working capital requirements
General corporate purposes

Projects

Repayment of Loan from NBFC's

Funding working capital requirements

General corporate purposes

Promoted By
Ajit Mundle
Jyoti Mundle

Promoted By

Ajit Mundle

Jyoti Mundle

Listing At
BSE - SME

Listing At

BSE - SME

Registrar to the Issue
Cameo Corporate Services Ltd

Registrar to the Issue

Cameo Corporate Services Ltd

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