Arrowhead Seperation Engineering IPO opens with price band of ₹233

Arrowhead Seperation Engineering's IPO is open for subscription with a price band set at ₹233 and will run until Monday.

Published on: Nov 16, 2023, 12:07:05 IST

By HT News Desk

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Arrowhead Seperation Engineering's IPO is open for subscription and will run until Mondaywith a price band set at ₹233. Investors can bid for a minimum of 600 shares.

The Arrowhead Seperation IPO comprises a fresh issue of shares amounting to ₹13 crore. (File Photo)

Arrowhead Seperation | Profile

Arrowhead Seperation Engineering Limited engages in manufacturing, distributing, and importing various dryers such as Totally Enclosed Single Drum Dryers, Continuous Particulate Dryers, Rotary Dryers, Single Drum Dryers, Double Drum Dryers, Paddle Dryers, and Flaker Systems. The primary focus of the company is to meet customer satisfaction by consistently delivering high-quality products that meet or exceed expectations.

Arrowhead Seperation IPO details

The IPO is a fresh issue of 5,58,000 equity shares, totaling ₹13 crore, with no offer for sale component.

The net proceeds from the IPO will be utilised for working capital, repaying NBFC loans, and general corporate purposes. The registrar is Cameo Corporate Services Limited, the lead manager is Aryaman Financial Services Limited, and Aryaman Capital Markets serves as the market maker.

How to apply for Arrowhead Seperation IPO

1. Log in to your online bank.

2. Find the Invest section.

3. Choose Arrowhead IPO.

4. Apply using ASBA (Application Supported by Blocked Amount).

Download forms from Bombay Stock Exchange

2. Fill and submit forms to your bank/broker.

ABOUT THE AUTHOR
HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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