Arabian Petroleum IPO vs E Factor Experiences IPO

Comparison between Arabian Petroleum IPO and E Factor Experiences IPO.

IPO Details

Arabian Petroleum IPO is a SME Bookbuilding IPO proposed to list at NSE SME while E Factor Experiences IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Arabian Petroleum IPO is up to ₹19.21 Cr whereas the issue size of the E Factor Experiences IPO is up to ₹24.61 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of E Factor Experiences IPO is ₹75.00 per share.

 Arabian Petroleum IPOE Factor Experiences IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹70.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size27,44,000 shares32,81,600 shares
Fresh Issue Size (Amount)up to ₹19.21 Crup to ₹24.61 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,44,000 shares32,81,600 shares
Issue Size Total (Amount)up to ₹19.21 Crup to ₹24.61 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while E Factor Experiences IPO opens on Sep 27, 2023. The closing date of Arabian Petroleum IPO and E Factor Experiences IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

 Arabian Petroleum IPOE Factor Experiences IPO
Anchor Bid DateSep 26, 2023
Issue OpenSep 25, 2023Sep 27, 2023
Issue CloseSep 27, 2023Oct 03, 2023
Basis Of Allotment (Tentative)Oct 04, 2023Oct 06, 2023
Initiation of Refunds (Tentative)Oct 05, 2023Oct 07, 2023
Credit of Share (Tentative)Oct 06, 2023Oct 08, 2023
Listing date (Tentative)Oct 09, 2023Oct 09, 2023
Anchor Lockin End date 1Nov 05, 2023
Anchor Lockin End date 2Jan 04, 2024

Financials & KPIs

Arabian Petroleum IPO P/E ratio is 11.51, as compared to E Factor Experiences IPO P/E ratio of 9.59.

 Arabian Petroleum IPOE Factor Experiences IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets76.5171.3550.32
Total Income243.95191.59110.25
Profit After Tax4.864.142.88
NET Worth22.0317.1613.02
Reserves and Surplus14.0315.1611.02
Total Borrowing38.3129.4921.98
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets56.7549.1725.82
Total Income119.4557.009.91
Profit After Tax7.612.561.23
NET Worth11.023.520.97
Reserves and Surplus1.380.05-2.47
Total Borrowing9.135.916.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0099.99
Promoter Shareholding (Post-Issue)73.4573.59
P/E Ratio11.519.59
Market Cap₹76.24 Cr.₹98.16 Cr.
ROE22.08%103.79%
ROCE32.47%54.85%
Debt/Equity1.750.83
EPS₹6.08₹7.82
RoNW22.08%68.35%

Shares Offered

In the Arabian Petroleum IPO Retail Individual Investors (RII) are offered 13,72,000 shares while in E Factor Experiences IPO retail investors are offered 13,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Arabian Petroleum IPO and 6,56,000 shares in E Factor Experiences IPO.

 Arabian Petroleum IPOE Factor Experiences IPO
Anchor Investor Reservation9,84,000 shares
Market Maker Reservation1,48,000 shares1,74,400 shares
QIB6,56,000 shares
NII13,72,000 shares4,92,800 shares
RII13,72,000 shares11,48,800 shares
Employee
Others
Total27,44,000 shares32,81,600 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas E Factor Experiences IPO subscribed 73.14x.

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