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AMIC Forging IPO vs Arrowhead Seperation Engineering IPO

Comparison between AMIC Forging IPO and Arrowhead Seperation Engineering IPO.

IPO Details

AMIC Forging IPO is a SME Fixed Price IPO proposed to list at BSE SME while Arrowhead Seperation Engineering IPO is a SME Fixed Price proposed to list at BSE SME.

 AMIC Forging IPOArrowhead Seperation Engineering IPO
LogoAMIC Forging IPO LogoArrowhead Seperation Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹33.05 Cr whereas the issue size of the Arrowhead Seperation Engineering IPO is up to ₹12.30 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Arrowhead Seperation Engineering IPO is ₹233.00 per share.

 AMIC Forging IPOArrowhead Seperation Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹126.00 per share
Issue Price (Final)₹126.00 per share₹233.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares600 shares
Fresh Issue Size26,23,000 shares5,28,000 shares
Fresh Issue Size (Amount)up to ₹33.05 Crup to ₹12.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,23,000 shares5,28,000 shares
Issue Size Total (Amount)up to ₹33.05 Crup to ₹12.30 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Arrowhead Seperation Engineering IPO opens on Nov 16, 2023. The closing date of AMIC Forging IPO and Arrowhead Seperation Engineering IPO is Dec 01, 2023, and Nov 20, 2023, respectively.

 AMIC Forging IPOArrowhead Seperation Engineering IPO
Anchor Bid DateNov 28, 2023
Issue OpenNov 29, 2023Nov 16, 2023
Issue CloseDec 01, 2023Nov 20, 2023
Basis Of Allotment (Tentative)Dec 04, 2023Nov 23, 2023
Initiation of Refunds (Tentative)Dec 05, 2023Nov 24, 2023
Credit of Share (Tentative)Dec 05, 2023Nov 28, 2023
Listing date (Tentative)Dec 06, 2023Nov 28, 2023
Anchor Lockin End date 1Jan 03, 2024
Anchor Lockin End date 2Mar 03, 2024

Financials & KPIs

AMIC Forging IPO P/E ratio is 1.01, as compared to Arrowhead Seperation Engineering IPO P/E ratio of 18.09.

 AMIC Forging IPOArrowhead Seperation Engineering IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets63.6861.0831.6416.22
Total Income29.79116.8371.3926.43
Profit After Tax3.609.800.870.56
NET Worth23.3819.847.676.81
Reserves and Surplus22.5318.986.966.10
Total Borrowing2.873.8510.714.37
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets21.8120.7118.3215.67
Total Income8.8221.7210.929.17
Profit After Tax0.641.690.09-1.79
NET Worth3.102.460.770.68
Reserves and Surplus1.791.15-0.04-0.13
Total Borrowing8.968.136.996.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.38%50%
Promoter Shareholding (Post-Issue)57.74%35.09%
P/E Ratio1.0118.09
Market Cap₹132.15 Cr.₹43.60 Cr.
ROE71.25105
ROCE55.7830.94
Debt/Equity0.263.30
EPS₹12.83₹12.88
RoNW49.4068.75

Shares Offered

In the AMIC Forging IPO Retail Individual Investors (RII) are offered 9,19,000 shares while in Arrowhead Seperation Engineering IPO retail investors are offered 9,19,000 shares. Qualified Institutional Buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and in Arrowhead Seperation Engineering IPO.

 AMIC Forging IPOArrowhead Seperation Engineering IPO
Anchor Investor Reservation7,86,000 shares
Market Maker Reservation1,39,000 shares30,000 shares
QIB5,24,000 shares
NII3,94,000 shares2,64,000 shares
RII9,19,000 shares2,64,000 shares
Total26,23,000 shares5,28,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 202.43x in total, whereas Arrowhead Seperation Engineering IPO subscribed 94.16x.

 AMIC Forging IPOArrowhead Seperation Engineering IPO
QIB (times)91.43x
NII (times)589.27x46.02x
RII (times)273.01x142.30x
Total (times)202.43x94.16x

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AMIC Forging IPO Vs Arrowhead Seperation Engineering IPO