Comparison between Kross IPO and Northern Arc Capital IPO.
Kross IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Northern Arc Capital IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Kross IPO is up to ₹500.00 Cr whereas the issue size of the Northern Arc Capital IPO is up to ₹777.00 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Northern Arc Capital IPO is ₹263.00 per share.
| Kross IPO | Northern Arc Capital IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹228.00 per share | ₹249.00 per share |
| Issue Price (Upper) | ₹240.00 per share | ₹263.00 per share |
| Issue Price (Final) | ₹240.00 per share | ₹263.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹24.00 per share | |
| Market Lot Size | 62 shares | 57 shares |
| Fresh Issue Size | 1,04,16,666 shares | 1,90,65,326 shares |
| Fresh Issue Size (Amount) | up to ₹250.00 Cr | up to ₹500.50 Cr |
| OFS Issue Size | 1,04,16,666 shares | 1,05,32,320 shares |
| OFS Issue Size (Amount) | up to ₹250.00 Cr | up to ₹276.50 Cr |
| Issue Size Total | 2,08,33,332 shares | 2,95,97,646 shares |
| Issue Size Total (Amount) | up to ₹500.00 Cr | up to ₹777.00 Cr |
Kross IPO opens on Sep 09, 2024, while Northern Arc Capital IPO opens on Sep 16, 2024. The closing date of Kross IPO and Northern Arc Capital IPO is Sep 11, 2024, and Sep 19, 2024, respectively.
| Kross IPO | Northern Arc Capital IPO | |
|---|---|---|
| Anchor Bid Date | Sep 06, 2024 | Sep 13, 2024 |
| Issue Open | Sep 09, 2024 | Sep 16, 2024 |
| Issue Close | Sep 11, 2024 | Sep 19, 2024 |
| Basis Of Allotment (Tentative) | Sep 12, 2024 | Sep 20, 2024 |
| Initiation of Refunds (Tentative) | Sep 13, 2024 | Sep 23, 2024 |
| Credit of Share (Tentative) | Sep 13, 2024 | Sep 23, 2024 |
| Listing date (Tentative) | Sep 16, 2024 | Sep 24, 2024 |
| Anchor Lockin End date 1 | Oct 11, 2024 | Oct 19, 2024 |
| Anchor Lockin End date 2 | Dec 10, 2024 | Dec 18, 2024 |
Kross IPO P/E ratio is 28.93, as compared to Northern Arc Capital IPO P/E ratio of 11.78.
| Kross IPO | Northern Arc Capital IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 67.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.93 | 11.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1548.23 Cr. | ₹4242.86 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.57% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 28.15% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.80 | 3.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.30 | ₹22.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.57% | 13.32% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kross IPO Retail Individual Investors (RII) are offered 72,91,667 shares while in Northern Arc Capital IPO retail investors are offered 72,91,667 shares. Qualified Institutional Buyers (QIB) are offered 41,66,666 shares in Kross IPO and 58,01,354 shares in Northern Arc Capital IPO.
| Kross IPO | Northern Arc Capital IPO | |
|---|---|---|
| Anchor Investor Reservation | 62,49,999 shares | 87,02,031 shares |
| Market Maker Reservation | ||
| QIB | 41,66,666 shares | 58,01,354 shares |
| NII | 31,25,000 shares | 43,51,016 shares |
| RII | 72,91,667 shares | 1,01,52,371 shares |
| Employee | 5,90,874 shares | |
| Others | ||
| Total | 2,08,33,332 shares | 2,95,97,646 shares |
Kross IPO subscribed 17.66x in total, whereas Northern Arc Capital IPO subscribed 117.19x.
| Kross IPO | Northern Arc Capital IPO | |
|---|---|---|
| QIB (times) | 24.55x | 242.73x |
| NII (times) | 23.40x | 147.58x |
| Big NII (times) | 23.21x | 160.48x |
| Small NII (times) | 23.77x | 121.79x |
| RII (times) | 11.26x | 32.01x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 17.66x | 117.19x |
