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Arihant Academy IPO vs PNGS Gargi Fashion Jewellery IPO

Comparison between Arihant Academy IPO and PNGS Gargi Fashion Jewellery IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price IPO proposed to list at NSE SME while PNGS Gargi Fashion Jewellery IPO is a SME Fixed Price proposed to list at BSE SME.

 Arihant Academy IPOPNGS Gargi Fashion Jewellery IPO
LogoArihant Academy IPO LogoPNGS Gargi Fashion Jewellery IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arihant Academy IPO is up to ₹13.97 Cr whereas the issue size of the PNGS Gargi Fashion Jewellery IPO is up to ₹7.39 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of PNGS Gargi Fashion Jewellery IPO is ₹30.00 per share.

 Arihant Academy IPOPNGS Gargi Fashion Jewellery IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹90.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares4000 shares
Fresh Issue Size15,52,000 shares24,64,000 shares
Fresh Issue Size (Amount)up to ₹13.97 Crup to ₹7.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,52,000 shares24,64,000 shares
Issue Size Total (Amount)up to ₹13.97 Crup to ₹7.39 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while PNGS Gargi Fashion Jewellery IPO opens on Dec 08, 2022. The closing date of Arihant Academy IPO and PNGS Gargi Fashion Jewellery IPO is Dec 21, 2022, and Dec 13, 2022, respectively.

 Arihant Academy IPOPNGS Gargi Fashion Jewellery IPO
Anchor Bid Date
Issue OpenDec 16, 2022Dec 08, 2022
Issue CloseDec 21, 2022Dec 13, 2022
Basis Of Allotment (Tentative)Dec 26, 2022Dec 16, 2022
Initiation of Refunds (Tentative)Dec 27, 2022Dec 19, 2022
Credit of Share (Tentative)Dec 28, 2022Dec 20, 2022
Listing date (Tentative)Dec 29, 2022Dec 20, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Arihant Academy IPO P/E ratio is 19.11, as compared to PNGS Gargi Fashion Jewellery IPO P/E ratio of 6.77.

 Arihant Academy IPOPNGS Gargi Fashion Jewellery IPO
Financials
Arihant Academy Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20814.31921.1242.09177.17177.1789.38
31-Mar-21829.091409.77112.56289.73289.7348.98
31-Mar-221104.261531.97201.86491.59491.59127.6
Amount in ₹ Lakhs
PNGS Gargi Fashion Jewellery Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202.9300.11.280.36
31-Mar-212.640.630.351.620.36
31-Mar-22836.2593.94110.53109.5531.28
30-Sep-221247.771189.18213.171072.71
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)73.0073
P/E Ratio19.116.77
Market Cap₹54.50 Cr.₹28.88 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Arihant Academy IPO Retail Individual Investors (RII) are offered 7,76,000 shares while in PNGS Gargi Fashion Jewellery IPO retail investors are offered 7,76,000 shares. Qualified Institutional Buyers (QIB) are offered in Arihant Academy IPO and in PNGS Gargi Fashion Jewellery IPO.

 Arihant Academy IPOPNGS Gargi Fashion Jewellery IPO
Anchor Investor Reserveration
Market Maker Reserveration83,200 shares1,36,000 shares
QIB
NII7,76,000 shares12,32,000 shares
RII7,76,000 shares12,32,000 shares
Employee
Others
Total15,52,000 shares24,64,000 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas PNGS Gargi Fashion Jewellery IPO subscribed 230.94x.

 Arihant Academy IPOPNGS Gargi Fashion Jewellery IPO
QIB (times)
NII (times)242.89x213.21x
Big NII (times)
Small NII (times)
RII (times)228.85x248.68x
Employee (times)
Other (times)
Total (times)235.87x230.94x