About Arrowhead Seperation Engineering Limited
Arrowhead Seperation Engineering Limited is launching its IPO. The offer opens for subscription on November 16, 2023, and will close on November 20, 2023.
Disclaimer: This stock will trade with a lot size of 600 shares in the SME segment on listing.
What does Arrowhead Seperation Engineering Limited do?
The Indian manufacturing sector, comprising key industries such as automotive, engineering, chemicals, pharmaceuticals, and consumer durables, has become a crucial driver of economic growth, contributing 16–17% to the country’s GDP before the pandemic. The manufacturing industry is gradually adopting automated and process-driven manufacturing, aiming to improve efficiency. With over 27.3 million workers, the manufacturing sector plays a significant role in job creation and economic development.
Arrowhead Seperation Engineering Limited specializes in designing and manufacturing chemical process equipment, particularly in continuous drying and cooling systems. Located in Nashik, Maharashtra, with a factory workshop area of 24,000 sq. ft., the facility is equipped with the necessary manufacturing resources and managed by experienced staff. The corporate office is situated in Navi Mumbai.
Arrowhead Seperation Engineering Limited has been in the dryer manufacturing business for over two decades. It focuses on continuous improvement and customization to meet client needs. The factory engages in welding, grinding, and machining processes based on customer orders, utilizing sub-contracting and contractual labor. As of June 30, 2023, they had 54 on-payroll employees. The company’s revenue from operations was ₹ 9.12 crores, ₹ 10.87 crore, ₹ 21.50 crores, and ₹ 8.72 crore, and EBITDA was ₹ (0.439) crore, ₹ 1.0771 crore, ₹ 3.20 crore, and ₹ 1.13 crore for the years 2021-2023 & June 30, 2023, indicating a restated profit after tax during the same periods.
Their primary products are below:
- Drum Dryer
- Rotary Dryer
- Flaker System
- Zero Liquid Discharge SystemZLD
Arrowhead Seperation Engineering Limited has successfully designed and implemented several systems and solutions:
Dehydration Solution
A system with a solution for the dehydration of agricultural products that provides substantial economies in operating costs to clients without compromising on quality.
Glycerine Recovery Systems
System for recovery of glycerine (which was wasted in the process of castor oil derivative plant) from an effluent stream up to 90% purity at minimal operating cost.
Calcium Chloride Recovery Plant
Consists of evaporation, flaking, drying, and cooling systems. The final purity of either 78% (dihydrate) or 94% (anhydrous) can be achieved as per the requirement.
Calcination System
An indirect calcination system with flue gas at high temperatures is used to get the final temperature of the product. Operating costs are minimal and the exhaust gases can be used for upstream drying operations.
Schedule of Arrowhead Seperation Engineering Limited IPO
| Issue Period | 16th November to 20th November 2023 |
| Deadline for accepting UPI mandate | Until 5 PM on the issue closing day |
| Finalization of Allotment | November 23, 2023 |
| Initiation of Refunds | November 24, 2023 |
| Credit of Shares | November 28, 2023 |
| Date of Listing | November 29, 2023 |
| Mandate end date | December 05, 2023 |
| Anchor Investors Lock-In End Date | December 20, 2023 |
How to apply to the Arrowhead Seperation Engineering Limited IPO?
You can apply for the Arrowhead Seperation Engineering Limited IPO using any supported UPI app by following two steps:
- Enter your bid on Kite
- Accept the UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.
How to check the allotment status for Arrowhead Seperation Engineering Limited IPO?
You can check the allotment status for the Arrowhead Seperation Engineering Limited IPO on the website of the Registrar and Transfer agent. Alternatively, you can also check the allotment status on the NSE website.