Arrowhead Seperation Engineering Limited (ASEL) is a company that manufactures, distributes, and imports various types of dryers. They also design and manufacture chemical process equipment, with a focus on continuous drying and cooling systems.
Some of the dryers they make include:
Vacuum Double Drum Dryer
Rotary Dryers
Single Drum Dryer
Double Drum Dryer
Paddle Dryer
Flaker Systems
Totally Enclosed Single Drum Dryer
Continuous Particulate Dryers
Rotary Cascade Dryers
Atmospheric Double Drum Dryer
Arrowhead Seperation Engineering Limited IPO Timeline
| Particular | Date |
| IPO Open Date | 16 Nov 2023 |
| IPO Close Date | 20 Nov 2023 |
| Allotment Date | 23 Nov 2023 |
| IPO Listing Date | 29 Nov 2023 |
Arrowhead Seperation Engineering Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 10 Per Equity Share |
| IPO Price | Rs.233 Per Equity Share |
| Market Lot | 600 Share |
| ISIN Code | |
| Listing At | NSE SME |
| Issue Size | Approx. Rs. 13 Crore. |
Arrowhead Seperation Engineering Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 600 | Rs. 139800 |
| Maximum | 1 | 600 | Rs. 139800 |
| Small HNI (Minimum) | 2 | 1200 | Rs. 279600 |
Kalyani Cast Tech Ltd IPO Details Allotment Status
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 MAY 2021 |
| Total Assets | 2070.53 | 1832.23 | 1567.43 |
| Total Revenue | 2171.57 | 1091.73 | 916.63 |
| Profit After Tax | 169.18 | 9.17 | -179.19 |
Company Promoters:
The promoters of the company are Ajit Mundle and Jyoti Mundle
Purpose of the Issue
- The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects (collectively, referred to herein as the “Objects”):
- Repayment of Loan from NBFC’s;
- Funding Working capital requirements;
- General Corporate Purpose;
- Further, the Company expects to receive the benefits of listing the Equity Shares on the Stock Exchange including enhancing visibility and the brand image among the existing and potential customers and creating a public market for the Equity Shares in India.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| 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/ | Cameo Corporate Services Limited Phone: +91-44-28460390 Email: priya@cameoindia.com Website: https://ipo.cameoindia.com/ |
