Comparison between Arihant Academy IPO and Droneacharya Aerial IPO.
Arihant Academy IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Droneacharya Aerial IPO is a SME Bookbuilding proposed to list at BSE SME.
| Arihant Academy IPO | Droneacharya Aerial IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Shreni Shares Ltd. | Corporate Capitalventures Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | R.K.Stock Holding Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Arihant Academy IPO is up to ₹13.97 Cr whereas the issue size of the Droneacharya Aerial IPO is up to ₹32.26 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of Droneacharya Aerial IPO is ₹54.00 per share.
| Arihant Academy IPO | Droneacharya Aerial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹54.00 per share | |
| Issue Price (Final) | ₹90.00 per share | ₹54.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 2000 shares |
| Fresh Issue Size | 15,52,000 shares | 59,74,000 shares |
| Fresh Issue Size (Amount) | up to ₹13.97 Cr | up to ₹32.26 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 15,52,000 shares | 59,74,000 shares |
| Issue Size Total (Amount) | up to ₹13.97 Cr | up to ₹32.26 Cr |
Arihant Academy IPO opens on Dec 16, 2022, while Droneacharya Aerial IPO opens on Dec 13, 2022. The closing date of Arihant Academy IPO and Droneacharya Aerial IPO is Dec 21, 2022, and Dec 15, 2022, respectively.
| Arihant Academy IPO | Droneacharya Aerial IPO | |
|---|---|---|
| Anchor Bid Date | Dec 12, 2022 | |
| Issue Open | Dec 16, 2022 | Dec 13, 2022 |
| Issue Close | Dec 21, 2022 | Dec 15, 2022 |
| Basis Of Allotment (Tentative) | Dec 26, 2022 | Dec 20, 2022 |
| Initiation of Refunds (Tentative) | Dec 27, 2022 | Dec 21, 2022 |
| Credit of Share (Tentative) | Dec 28, 2022 | Dec 22, 2022 |
| Listing date (Tentative) | Dec 29, 2022 | Dec 23, 2022 |
| Anchor Lockin End date 1 | Jan 19, 2023 | |
| Anchor Lockin End date 2 | Mar 20, 2023 |
Arihant Academy IPO P/E ratio is 19.11, as compared to Droneacharya Aerial IPO P/E ratio of 45.
| Arihant Academy IPO | Droneacharya Aerial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 38.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.00 | 28.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.11 | 45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹54.50 Cr. | ₹129.54 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 51.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 66.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2018.61 | ₹0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.98 | 2.8 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Arihant Academy IPO Retail Individual Investors (RII) are offered 7,76,000 shares while in Droneacharya Aerial IPO retail investors are offered 7,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Arihant Academy IPO and 11,94,000 shares in Droneacharya Aerial IPO.
| Arihant Academy IPO | Droneacharya Aerial IPO | |
|---|---|---|
| Anchor Investor Reservation | 17,90,000 shares | |
| Market Maker Reservation | 83,200 shares | 3,16,000 shares |
| QIB | 11,94,000 shares | |
| NII | 7,76,000 shares | 8,98,000 shares |
| RII | 7,76,000 shares | 20,92,000 shares |
| Employee | ||
| Others | ||
| Total | 15,52,000 shares | 59,74,000 shares |
Arihant Academy IPO subscribed 235.87x in total, whereas Droneacharya Aerial IPO subscribed 243.70x.
| Arihant Academy IPO | Droneacharya Aerial IPO | |
|---|---|---|
| QIB (times) | 46.21x | |
| NII (times) | 242.89x | 287.80x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 228.85x | 330.82x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 235.87x | 243.70x |
