Accuracy Shipping IPO vs Arihant Institute IPO

Comparison between Accuracy Shipping IPO and Arihant Institute IPO.

IPO Details

Accuracy Shipping IPO is a SME Fixed Price IPO proposed to list at NSE SME while Arihant Institute IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Accuracy Shipping IPO is up to ₹33.94 Cr whereas the issue size of the Arihant Institute IPO is up to ₹7.10 Cr. The final issue price of Accuracy Shipping IPO is ₹84.00 per share and of Arihant Institute IPO is ₹30.00 per share.

 Accuracy Shipping IPOArihant Institute IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹81.00 per share
Issue Price (Upper)₹84.00 per share
Issue Price (Final)₹84.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares4000 shares
Fresh Issue Size40,40,000 shares23,68,000 shares
Fresh Issue Size (Amount)up to ₹33.94 Crup to ₹7.10 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,40,000 shares23,68,000 shares
Issue Size Total (Amount)up to ₹33.94 Crup to ₹7.10 Cr

IPO Timetable

Accuracy Shipping IPO opens on Jun 11, 2018, while Arihant Institute IPO opens on May 23, 2018. The closing date of Accuracy Shipping IPO and Arihant Institute IPO is Jun 14, 2018, and May 28, 2018, respectively.

 Accuracy Shipping IPOArihant Institute IPO
Anchor Bid DateJun 08, 2018
Issue OpenJun 11, 2018May 23, 2018
Issue CloseJun 14, 2018May 28, 2018
Basis Of Allotment (Tentative)Jun 19, 2018May 31, 2018
Initiation of Refunds (Tentative)Jun 20, 2018
Credit of Share (Tentative)Jun 21, 2018
Listing date (Tentative)Jun 22, 2018Jun 05, 2018
Anchor Lockin End date 1Jul 19, 2018

Financials & KPIs

Accuracy Shipping IPO P/E ratio is , as compared to Arihant Institute IPO P/E ratio of .

 Accuracy Shipping IPOArihant Institute IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets88.3758.2543.9427.84
Total Income266.53201.29170.79161.66
Profit After Tax6.821.961.070.32
NET Worth21.2813.355.392.27
Reserves and Surplus11.164.352.391.32
Total Borrowing38.9718.0918.547.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 201831 Mar 201731 Mar 201631 Mar 2015
Assets6.795.875.757.30
Total Income1.141.691.673.86
Profit After Tax0.120.11-1.450.04
NET Worth5.703.60-1.160.28
Reserves and Surplus-1.13-2.40-2.51-1.07
Total Borrowing0.231.125.634.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.30%78.80%
Promoter Shareholding (Post-Issue)61.90%57.85%
Market Cap₹126.47 Cr.₹28.22 Cr.

Shares Offered

In the Accuracy Shipping IPO Retail Individual Investors (RII) are offered 14,14,400 shares while in Arihant Institute IPO retail investors are offered 14,14,400 shares. Qualified Institutional Buyers (QIB) are offered 8,28,800 shares in Accuracy Shipping IPO and 0 shares in Arihant Institute IPO.

 Accuracy Shipping IPOArihant Institute IPO
Anchor Investor Reservation11,90,400 shares0 shares
Market Maker Reservation2,17,600 shares1,32,000 shares
QIB8,28,800 shares0 shares
NII6,06,400 shares11,84,000 shares
RII14,14,400 shares11,84,000 shares
Employee0 shares0 shares
Total40,40,000 shares23,68,000 shares

Bids Received (Subscription)

Accuracy Shipping IPO subscribed 1.06x in total, whereas Arihant Institute IPO subscribed 2.20x.

 Accuracy Shipping IPOArihant Institute IPO
QIB (times)0.97x
NII (times)2.33x0.69x
RII (times)1.45x3.71x
Total (times)1.06x2.20x

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