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Arihant Academy IPO vs RBM Infracon IPO

Comparison between Arihant Academy IPO and RBM Infracon IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price IPO proposed to list at NSE SME while RBM Infracon IPO is a SME Fixed Price proposed to list at NSE SME.

 Arihant Academy IPORBM Infracon IPO
LogoArihant Academy IPO LogoRBM Infracon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arihant Academy IPO is up to ₹13.97 Cr whereas the issue size of the RBM Infracon IPO is up to ₹7.95 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of RBM Infracon IPO is ₹36.00 per share.

 Arihant Academy IPORBM Infracon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹90.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size15,52,000 shares22,08,000 shares
Fresh Issue Size (Amount)up to ₹13.97 Crup to ₹7.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,52,000 shares22,08,000 shares
Issue Size Total (Amount)up to ₹13.97 Crup to ₹7.95 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while RBM Infracon IPO opens on Dec 23, 2022. The closing date of Arihant Academy IPO and RBM Infracon IPO is Dec 21, 2022, and Dec 27, 2022, respectively.

 Arihant Academy IPORBM Infracon IPO
Anchor Bid Date
Issue OpenDec 16, 2022Dec 23, 2022
Issue CloseDec 21, 2022Dec 27, 2022
Basis Of Allotment (Tentative)Dec 26, 2022Dec 30, 2022
Initiation of Refunds (Tentative)Dec 27, 2022Jan 02, 2023
Credit of Share (Tentative)Dec 28, 2022Jan 03, 2023
Listing date (Tentative)Dec 29, 2022Jan 04, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Arihant Academy IPO P/E ratio is 19.11, as compared to RBM Infracon IPO P/E ratio of 11.61.

 Arihant Academy IPORBM Infracon IPO
Financials
Arihant Academy Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20814.31921.1242.09177.17177.1789.38
31-Mar-21829.091409.77112.56289.73289.7348.98
31-Mar-221104.261531.97201.86491.59491.59127.6
Amount in ₹ Lakhs
RBM Infracon Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202115.973516.78-12.03540.44488.44666.85
31-Mar-212333.623888.74-133.24462.54406.94813.41
31-Mar-222503.64763.06190.99653.52597.92850.9
30-Jun-222450.291027.265.4718.93663.33641.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.0072.45
P/E Ratio19.1111.61
Market Cap₹54.50 Cr.₹30.39 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Arihant Academy IPO Retail Individual Investors (RII) are offered 7,76,000 shares while in RBM Infracon IPO retail investors are offered 7,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Arihant Academy IPO and in RBM Infracon IPO.

 Arihant Academy IPORBM Infracon IPO
Anchor Investor Reserveration
Market Maker Reserveration83,200 shares1,17,000 shares
QIB
NII7,76,000 shares11,04,000 shares
RII7,76,000 shares11,04,000 shares
Employee
Others
Total15,52,000 shares22,08,000 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas RBM Infracon IPO subscribed 40.32x.

 Arihant Academy IPORBM Infracon IPO
QIB (times)
NII (times)242.89x46.32x
Big NII (times)
Small NII (times)
RII (times)228.85x34.33x
Employee (times)
Other (times)
Total (times)235.87x40.32x