Arabian Petroleum IPO vs Saakshi Medtech IPO

Comparison between Arabian Petroleum IPO and Saakshi Medtech IPO.

IPO Details

Arabian Petroleum IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.

	Arabian Petroleum IPO	Saakshi Medtech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Hem Securities Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Arabian Petroleum IPO is up to ₹19.21 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.

	Arabian Petroleum IPO	Saakshi Medtech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹92.00 per share
Issue Price (Upper)		₹97.00 per share
Issue Price (Final)	₹70.00 per share	₹97.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	27,44,000 shares	44,20,800 shares
Fresh Issue Size (Amount)	up to ₹19.21 Cr	up to ₹42.88 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	27,44,000 shares	44,20,800 shares
Issue Size Total (Amount)	up to ₹19.21 Cr	up to ₹42.88 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Arabian Petroleum IPO and Saakshi Medtech IPO is Sep 27, 2023, and Sep 27, 2023, respectively.

	Arabian Petroleum IPO	Saakshi Medtech IPO
Anchor Bid Date		Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 25, 2023
Issue Close	Sep 27, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 09, 2023	Oct 03, 2023
Anchor Lockin End date 1		Nov 02, 2023
Anchor Lockin End date 2		Jan 01, 2024

Financials & KPIs

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Saakshi Medtech IPO P/E ratio of 10.18.

Arabian Petroleum IPO

Saakshi Medtech IPO

Financials

Arabian Petroleum IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,031.88	7,134.94	7,650.88
Total Income	11,024.54	19,159.10	24,394.68
Profit After Tax	287.54	414.34	486.48
Net Worth	1,301.98	1,716.32	2,202.80
Reserves and Surplus	1,101.98	1,516.32	1,402.80
Total Borrowing	2,197.75	2,948.97	3,830.66

Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Total Income	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.45

73.63

P/E Ratio

11.51

10.18

Market Cap

₹76.24 Cr.

₹171.26 Cr.

ROE

22.08%

34.35%

ROCE

32.47%

28.57%

Debt/Equity

1.75

0.48

EPS

₹6.08

₹9.53

RoNW

22.08%

29.32%

Shares Offered

In the Arabian Petroleum IPO Retail Individual Investors (RII) are offered 13,72,000 shares while in Saakshi Medtech IPO retail investors are offered 13,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Arabian Petroleum IPO and 8,84,400 shares in Saakshi Medtech IPO.

	Arabian Petroleum IPO	Saakshi Medtech IPO
Anchor Investor Reserveration		13,24,800 shares
Market Maker Reserveration	1,48,000 shares	2,35,200 shares
QIB		8,84,400 shares
NII	13,72,000 shares	6,63,600 shares
RII	13,72,000 shares	15,48,000 shares
Employee
Others
Total	27,44,000 shares	44,20,800 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas Saakshi Medtech IPO subscribed 91.65x.

	Arabian Petroleum IPO	Saakshi Medtech IPO
QIB (times)		37.35x
NII (times)	15.72x	200.78x
Big NII (times)
Small NII (times)
RII (times)	23.19x	75.88x
Employee (times)
Other (times)
Total (times)	19.91x	91.65x

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