Comparison between ARC Insulation IPO and Oval Projects Engineering IPO.
ARC Insulation IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Oval Projects Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.
| ARC Insulation IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | SMC Capitals Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MAS Services Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | SMC Global Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of ARC Insulation IPO is up to ₹39.13 Cr whereas the issue size of the Oval Projects Engineering IPO is up to ₹44.16 Cr. The final issue price of ARC Insulation IPO is ₹125.00 per share and of Oval Projects Engineering IPO is ₹85.00 per share.
| ARC Insulation IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹119.00 per share | ₹80.00 per share |
| Issue Price (Upper) | ₹125.00 per share | ₹85.00 per share |
| Issue Price (Final) | ₹125.00 per share | ₹85.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 1600 shares |
| Fresh Issue Size | 28,80,000 shares | 51,95,200 shares |
| Fresh Issue Size (Amount) | up to ₹36.00 Cr | up to ₹44.16 Cr |
| OFS Issue Size | 2,50,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹3.13 Cr | up to ₹0.00 Cr |
| Issue Size Total | 31,30,000 shares | 51,95,200 shares |
| Issue Size Total (Amount) | up to ₹39.13 Cr | up to ₹44.16 Cr |
ARC Insulation IPO opens on Aug 21, 2025, while Oval Projects Engineering IPO opens on Aug 28, 2025. The closing date of ARC Insulation IPO and Oval Projects Engineering IPO is Aug 25, 2025, and Sep 01, 2025, respectively.
| ARC Insulation IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Anchor Bid Date | Aug 20, 2025 | Aug 26, 2025 |
| Issue Open | Aug 21, 2025 | Aug 28, 2025 |
| Issue Close | Aug 25, 2025 | Sep 01, 2025 |
| Basis Of Allotment (Tentative) | Aug 26, 2025 | Sep 02, 2025 |
| Initiation of Refunds (Tentative) | Aug 28, 2025 | Sep 03, 2025 |
| Credit of Share (Tentative) | Aug 28, 2025 | Sep 03, 2025 |
| Listing date (Tentative) | Aug 29, 2025 | Sep 04, 2025 |
| Anchor Lockin End date 1 | Sep 25, 2025 | Oct 02, 2025 |
| Anchor Lockin End date 2 | Nov 24, 2025 | Dec 01, 2025 |
ARC Insulation IPO P/E ratio is 10.58, as compared to Oval Projects Engineering IPO P/E ratio of 13.91.
| ARC Insulation IPO | Oval Projects Engineering IPO | |||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | EBITDA | Oval Projects Engineering Limited Financial Information (Restated Consolidated)Oval Projects Engineering Limited's revenue increased by 31% and profit after tax (PAT) rose by 112% between the financial year ending with March 31, 2025 and March 31, 2024.
| ||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 94.48 | 72.19 | ||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.11 | 53.07 | ||||||||||||||||||||||||||||||||||||
| P/E Ratio | 10.58 | 13.91 | ||||||||||||||||||||||||||||||||||||
| Market Cap | ₹128.72 Cr. | ₹176.54 Cr. | ||||||||||||||||||||||||||||||||||||
| ROE | 45.47% | 20.85% | ||||||||||||||||||||||||||||||||||||
| ROCE | 49.84% | 21.32% | ||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.24 | |||||||||||||||||||||||||||||||||||||
| EPS | ₹11.81 | ₹6.11 | ||||||||||||||||||||||||||||||||||||
| RoNW | 45.47% | 20.85% | ||||||||||||||||||||||||||||||||||||
In the ARC Insulation IPO Retail Individual Investors (RII) are offered 10,96,000 shares while in Oval Projects Engineering IPO retail investors are offered 10,96,000 shares. Qualified Institutional Buyers (QIB) are offered 6,26,000 shares in ARC Insulation IPO and 6,24,000 shares in Oval Projects Engineering IPO.
| ARC Insulation IPO | Oval Projects Engineering IPO | |
|---|---|---|
| Anchor Investor Reserveration | 9,37,000 shares | 9,36,000 shares |
| Market Maker Reserveration | 1,65,000 shares | 3,04,000 shares |
| QIB | 6,26,000 shares | 6,24,000 shares |
| NII | 4,71,000 shares | 14,40,000 shares |
| RII | 10,96,000 shares | 21,95,200 shares |
| Employee | 0 shares | 0 shares |
| Others | ||
| Total | 31,30,000 shares | 51,95,200 shares |
ARC Insulation IPO subscribed 18.71x in total, whereas Oval Projects Engineering IPO subscribed 1.61x.
| ARC Insulation IPO | Oval Projects Engineering IPO | |
|---|---|---|
| QIB (times) | 15.12x | 6.21x |
| NII (times) | 26.84x | 0.82x |
| Big NII (times) | 29.26x | 1.46x |
| Small NII (times) | 22.01x | 0.48x |
| RII (times) | 17.27x | 0.83x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 18.71x | 1.61x |
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