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Arrowhead Seperation Engineering IPO vs Sunrest Lifescience IPO

Comparison between Arrowhead Seperation Engineering IPO and Sunrest Lifescience IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sunrest Lifescience IPO is a SME Fixed Price proposed to list at NSE SME.

 Arrowhead Seperation Engineering IPOSunrest Lifescience IPO
LogoArrowhead Seperation Engineering IPO LogoSunrest Lifescience IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Mark Corporate Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Svcm Securities 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 Arrowhead Seperation Engineering IPO is up to ₹12.30 Cr whereas the issue size of the Sunrest Lifescience IPO is up to ₹10.30 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Sunrest Lifescience IPO is ₹84.00 per share.

 Arrowhead Seperation Engineering IPOSunrest Lifescience IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹233.00 per share₹84.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1600 shares
Fresh Issue Size5,28,000 shares12,25,600 shares
Fresh Issue Size (Amount)up to ₹12.30 Crup to ₹10.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total5,28,000 shares12,25,600 shares
Issue Size Total (Amount)up to ₹12.30 Crup to ₹10.30 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Sunrest Lifescience IPO opens on Nov 07, 2023. The closing date of Arrowhead Seperation Engineering IPO and Sunrest Lifescience IPO is Nov 20, 2023, and Nov 09, 2023, respectively.

 Arrowhead Seperation Engineering IPOSunrest Lifescience IPO
Anchor Bid Date
Issue OpenNov 16, 2023Nov 07, 2023
Issue CloseNov 20, 2023Nov 09, 2023
Basis Of Allotment (Tentative)Nov 23, 2023Nov 15, 2023
Initiation of Refunds (Tentative)Nov 24, 2023Nov 16, 2023
Credit of Share (Tentative)Nov 28, 2023Nov 17, 2023
Listing date (Tentative)Nov 28, 2023Nov 20, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Sunrest Lifescience IPO P/E ratio of 12.33.

 Arrowhead Seperation Engineering IPOSunrest Lifescience IPO
Financials

Arrowhead Seperation Engineering Limited Financial Information (Restated)

Arrowhead Seperation Engineering Limited's revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,180.622,070.531,832.231,567.43
Total Income881.712,171.571,091.73916.63
Profit After Tax64.34169.189.17-179.19
Net Worth310.41246.0777.2668.09
Reserves and Surplus179.08114.74-3.56-12.73
Total Borrowing896.02812.67699.45600.59
Amount in ₹ Lakhs

Sunrest Lifescience Limited Financial Information (Restated)

Sunrest Lifescience Limited's revenue decreased by -8.32% and profit after tax (PAT) rose by 162.91% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,706.281,671.371,301.97948.15
Total Income563.582,467.052,690.991,694.91
Profit After Tax75.08204.3177.7116.55
Net Worth386.60311.52107.2029.49
Reserves and Surplus86.6011.52106.2028.49
Total Borrowing347.32214.32323.83231.55
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)50100
Promoter Shareholding (Post-Issue)35.0969.91
P/E Ratio18.0912.33
Market Cap₹43.60 Cr.₹36.05 Cr.
ROE105%53%
ROCE30.94%98%
Debt/Equity3.300.64
EPS₹12.88₹6.81
RoNW68.75%65.59%

Shares Offered

In the Arrowhead Seperation Engineering IPO Retail Individual Investors (RII) are offered 2,64,000 shares while in Sunrest Lifescience IPO retail investors are offered 2,64,000 shares. Qualified Institutional Buyers (QIB) are offered in Arrowhead Seperation Engineering IPO and in Sunrest Lifescience IPO.

 Arrowhead Seperation Engineering IPOSunrest Lifescience IPO
Anchor Investor Reserveration
Market Maker Reserveration30,000 shares65,600 shares
QIB
NII2,64,000 shares6,12,800 shares
RII2,64,000 shares6,12,800 shares
Employee
Others
Total5,28,000 shares12,25,600 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Sunrest Lifescience IPO subscribed 48.54x.

 Arrowhead Seperation Engineering IPOSunrest Lifescience IPO
QIB (times)
NII (times)46.02x29.17x
Big NII (times)
Small NII (times)
RII (times)142.30x65.74x
Employee (times)
Other (times)
Total (times)94.79x48.54x