The upcoming initial public offerings(IPOs) are-
Arham Technologies Limited-
Arham Technologies Limited is engaged in manufacturing LED smart televisions of different screen sizes under the brand ‘STARSHINE’ and also manufactures fans, air coolers, and mixer grinders through third-party manufacturers under the brand ‘STARSHINE.’ The company has a network of dealers and distributors across Chhattisgarh, Madhya Pradesh, Odisha, Vidarbha, Andhra Pradesh, and Uttar Pradesh. It also serves under OEM business models for LED televisions and manufactures and supplies products according to the requirements of its customers. In July 2021 imports of assembled LED televisions were put under a restricted category by the Government of India and now there is a tremendous opportunity for brands like STARSHINE to increase their market share but still, the raw materials like open cell, electronic circuit, cabinet, and backlights are imported from China and Hong Kong due to pricing.
The company plans to add other products to its portfolio by way of white labeling and would have a bigger portfolio of products. It is also setting up a manufacturing facility for fans at its existing locations which will give it better margins and control over the supply chain. It has launched its own ‘D2C’ website www.starshine.co.in for its products which will increase its sales and profits, and brand value, and also plans to list its products on e-commerce platforms like Amazon and Flipkart.
The promoters of the company are Mr. Roshan Jain, Mr. Ankit Jain, and Mr. Anekant Jain. The objectives of the offer are to meet the issue expenses and the working capital requirements. Listing would enhance the brand image of the company.
The company had revenues of Rs 13.79 crore with a profit of 56.51 lakhs (Year ended March 31, 2020), revenues of Rs. 22.80 crores with a profit of Rs. 2.03 crore (Year ended March 31, 2021), and revenue of Rs. 37.27 crores with a net profit of Rs. 3.02 crore (Year ended March 31, 2022).
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