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Arham Technologies IPO vs Droneacharya Aerial IPO

Comparison between Arham Technologies IPO and Droneacharya Aerial IPO.

IPO Details

Arham Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Droneacharya Aerial IPO is a SME Bookbuilding proposed to list at BSE SME.

 Arham Technologies IPODroneacharya Aerial IPO
LogoArham Technologies IPO LogoDroneacharya Aerial IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.R.K.Stock Holding Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arham Technologies IPO is up to ₹9.10 Cr whereas the issue size of the Droneacharya Aerial IPO is up to ₹32.26 Cr. The final issue price of Arham Technologies IPO is ₹42.00 per share and of Droneacharya Aerial IPO is ₹54.00 per share.

 Arham Technologies IPODroneacharya Aerial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹42.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size21,66,000 shares59,74,000 shares
Fresh Issue Size (Amount)up to ₹9.10 Crup to ₹32.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,66,000 shares59,74,000 shares
Issue Size Total (Amount)up to ₹9.10 Crup to ₹32.26 Cr

IPO Timetable

Arham Technologies IPO opens on Dec 05, 2022, while Droneacharya Aerial IPO opens on Dec 13, 2022. The closing date of Arham Technologies IPO and Droneacharya Aerial IPO is Dec 07, 2022, and Dec 15, 2022, respectively.

 Arham Technologies IPODroneacharya Aerial IPO
Anchor Bid DateDec 12, 2022
Issue OpenDec 05, 2022Dec 13, 2022
Issue CloseDec 07, 2022Dec 15, 2022
Basis Of Allotment (Tentative)Dec 12, 2022Dec 20, 2022
Initiation of Refunds (Tentative)Dec 13, 2022Dec 21, 2022
Credit of Share (Tentative)Dec 14, 2022Dec 22, 2022
Listing date (Tentative)Dec 15, 2022Dec 23, 2022
Anchor Lockin End date 1Jan 19, 2023
Anchor Lockin End date 2Mar 20, 2023

Financials & KPIs

Arham Technologies IPO P/E ratio is 13.82, as compared to Droneacharya Aerial IPO P/E ratio of 45.

 Arham Technologies IPODroneacharya Aerial IPO
Financials
Arham Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20977.711379.2856.51164.751.67730.68
31-Mar-211542.222280.11203.76411.44205.44813.38
31-Mar-222314.273727.37302.01713.44507.441032.89
30-Sep-222657.52140.06128.37841.81223.811212.91
Amount in ₹ Lakhs
Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202.510-2.30.910.82
31-Mar-21119.131-14.89104.081.27
31-Mar-221546.52358.7440.651447.7746.25
30-Jun-223402.62308.9672.063357.771.02
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0038.23
Promoter Shareholding (Post-Issue)73.0528.21
P/E Ratio13.8245
Market Cap₹35.53 Cr.₹129.54 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Arham Technologies IPO Retail Individual Investors (RII) are offered 10,83,000 shares while in Droneacharya Aerial IPO retail investors are offered 10,83,000 shares. Qualified Institutional Buyers (QIB) are offered in Arham Technologies IPO and 11,94,000 shares in Droneacharya Aerial IPO.

 Arham Technologies IPODroneacharya Aerial IPO
Anchor Investor Reserveration17,90,000 shares
Market Maker Reserveration1,14,000 shares3,16,000 shares
QIB11,94,000 shares
NII10,83,000 shares8,98,000 shares
RII10,83,000 shares20,92,000 shares
Employee
Others
Total21,66,000 shares59,74,000 shares

Bids Received (Subscription)

Arham Technologies IPO subscribed 450.03x in total, whereas Droneacharya Aerial IPO subscribed 243.70x.

 Arham Technologies IPODroneacharya Aerial IPO
QIB (times)46.21x
NII (times)418.27x287.80x
Big NII (times)
Small NII (times)
RII (times)481.79x330.82x
Employee (times)
Other (times)
Total (times)450.03x243.70x