Arrowhead Seperation Engineering Ltd Back Registered Office: Survey No 39 Village Mundhega-,on Tal Igatpuri , Nashik - 422403 , Maharashtra , India. Phone : +91+91 84228 29060   Fax: Email :  info@arrowhead-dryers.co.in   Website :  www.arrowhead-dryers.com Initial public offer of 5,58,000 equity shares of Rs10 each ("Equity Shares") of Arrowhead Seperation Engineering Limited ("ASEL" or the "Company") for cash at a price of Rs233 per share (the "Issue Price"), aggregating to Rs13.00 crores ("The Issue"), of which 30,000 equity shares of Rs10 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 Rs10 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 Rs10 and the issue price is 23.3 times of the face value. Issue Money Payable On Opens On Closes On Application Allotment 16-Nov-23 20-Nov-23 Rs233.00-0.00 Rs0.00-0.00 Minimum Application for shares in Nos :600  Further Multiples of :600   Rs 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 Rs233.00

Projects

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

Promoted By Ajit Mundle Jyoti Mundle

Listing At BSE - SME

Registrar to the Issue Cameo Corporate Services Ltd