Arrowhead Seperation Engineering IPO vs Deepak Chemtex IPO

Comparison between Arrowhead Seperation Engineering IPO and Deepak Chemtex IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Deepak Chemtex IPO is a SME Bookbuilding proposed to list at BSE SME.

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 Deepak Chemtex IPO is up to ₹21.86 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Deepak Chemtex IPO is ₹80.00 per share.

 Arrowhead Seperation Engineering IPODeepak Chemtex IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹76.00 per share
Issue Price (Upper)₹80.00 per share
Issue Price (Final)₹233.00 per share₹80.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1600 shares
Fresh Issue Size5,28,000 shares27,32,800 shares
Fresh Issue Size (Amount)up to ₹12.30 Crup to ₹21.86 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total5,28,000 shares27,32,800 shares
Issue Size Total (Amount)up to ₹12.30 Crup to ₹21.86 Cr

IPO Timetable

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

 Arrowhead Seperation Engineering IPODeepak Chemtex IPO
Anchor Bid DateNov 28, 2023
Issue OpenNov 16, 2023Nov 29, 2023
Issue CloseNov 20, 2023Dec 01, 2023
Basis Of Allotment (Tentative)Nov 23, 2023Dec 06, 2023
Initiation of Refunds (Tentative)Nov 24, 2023Dec 07, 2023
Credit of Share (Tentative)Nov 28, 2023Dec 08, 2023
Listing date (Tentative)Nov 28, 2023Dec 06, 2023
Anchor Lockin End date 1Jan 05, 2024
Anchor Lockin End date 2Mar 05, 2024

Financials & KPIs

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Deepak Chemtex IPO P/E ratio of 10.14.

 Arrowhead Seperation Engineering IPODeepak Chemtex IPO
Financials

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

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets28.2123.8217.15
Total Income22.1347.8454.44
Profit After Tax3.116.314.23
NET Worth18.8015.699.38
Reserves and Surplus10.8215.198.89
Total Borrowing1.211.371.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)5099.40
Promoter Shareholding (Post-Issue)35.0973.05
P/E Ratio18.0910.14
Market Cap₹43.60 Cr.₹86.91 Cr.
ROE105%50.27%
ROCE30.94%49.65%
Debt/Equity3.300.09
EPS₹12.88₹7.89
RoNW68.75%40.17%

Shares Offered

In the Arrowhead Seperation Engineering IPO Retail Individual Investors (RII) are offered 2,64,000 shares while in Deepak Chemtex IPO retail investors are offered 2,64,000 shares. Qualified Institutional Buyers (QIB) are offered in Arrowhead Seperation Engineering IPO and 5,47,200 shares in Deepak Chemtex IPO.

 Arrowhead Seperation Engineering IPODeepak Chemtex IPO
Anchor Investor Reservation8,17,600 shares
Market Maker Reservation30,000 shares1,47,200 shares
QIB5,47,200 shares
NII2,64,000 shares4,11,200 shares
RII2,64,000 shares9,56,800 shares
Employee
Others
Total5,28,000 shares27,32,800 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Deepak Chemtex IPO subscribed 403.03x.

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