Arihant Institute IPO vs Palm Jewels IPO

Comparison between Arihant Institute IPO and Palm Jewels IPO.

IPO Details

Arihant Institute IPO is a SME Fixed Price IPO proposed to list at BSE SME while Palm Jewels IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Arihant Institute IPO is up to ₹7.10 Cr whereas the issue size of the Palm Jewels IPO is up to ₹8.45 Cr. The final issue price of Arihant Institute IPO is ₹30.00 per share and of Palm Jewels IPO is ₹30.00 per share.

 Arihant Institute IPOPalm Jewels IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹30.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares4000 shares
Fresh Issue Size23,68,000 shares28,16,000 shares
Fresh Issue Size (Amount)up to ₹7.10 Crup to ₹8.45 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total23,68,000 shares28,16,000 shares
Issue Size Total (Amount)up to ₹7.10 Crup to ₹8.45 Cr

IPO Timetable

Arihant Institute IPO opens on May 23, 2018, while Palm Jewels IPO opens on May 25, 2018. The closing date of Arihant Institute IPO and Palm Jewels IPO is May 28, 2018, and Jun 04, 2018, respectively.

 Arihant Institute IPOPalm Jewels IPO
Issue OpenMay 23, 2018May 25, 2018
Issue CloseMay 28, 2018Jun 04, 2018
Basis Of Allotment (Tentative)May 31, 2018Jun 06, 2018
Initiation of Refunds (Tentative)Jun 07, 2018
Credit of Share (Tentative)Jun 07, 2018
Listing date (Tentative)Jun 05, 2018Jun 12, 2018

Financials & KPIs

Arihant Institute IPO P/E ratio is , as compared to Palm Jewels IPO P/E ratio of .

 Arihant Institute IPOPalm Jewels IPO
Financials

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

Company Financials (Restated)

Period Ended28 Feb 201831 Mar 201731 Mar 201631 Mar 2015
Assets6.091.630.370.36
Total Income19.755.521.570.98
Profit After Tax0.440.020.01-0.00
NET Worth4.130.340.320.32
Reserves and Surplus2.700.020.010.00
Total Borrowing1.49
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.80%96.22%
Promoter Shareholding (Post-Issue)57.85%57.54%
Market Cap₹28.22 Cr.₹22.15 Cr.

Shares Offered

In the Arihant Institute IPO Retail Individual Investors (RII) are offered 11,84,000 shares while in Palm Jewels IPO retail investors are offered 11,84,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Arihant Institute IPO and 0 shares in Palm Jewels IPO.

 Arihant Institute IPOPalm Jewels IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,32,000 shares1,52,000 shares
QIB0 shares0 shares
NII11,84,000 shares14,08,000 shares
RII11,84,000 shares14,08,000 shares
Employee0 shares0 shares
Total23,68,000 shares28,16,000 shares

Bids Received (Subscription)

Arihant Institute IPO subscribed 2.20x in total, whereas Palm Jewels IPO subscribed 1.16x.

 Arihant Institute IPOPalm Jewels IPO
NII (times)0.69x0.82x
RII (times)3.71x1.50x
Total (times)2.20x1.16x

Compare with others

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Arihant Institute IPO Vs Palm Jewels IPO