Arrowhead Seperation Engineering IPO vs Rockingdeals Circular IPO

Comparison between Arrowhead Seperation Engineering IPO and Rockingdeals Circular IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rockingdeals Circular IPO is a SME Bookbuilding proposed to list at NSE SME.

	Arrowhead Seperation Engineering IPO	Rockingdeals Circular IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Ltd.	Corporate Capitalventures Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Aryaman Capital Markets Ltd.	SS Corporate Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

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 Rockingdeals Circular IPO is up to ₹19.81 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Rockingdeals Circular IPO is ₹140.00 per share.

	Arrowhead Seperation Engineering IPO	Rockingdeals Circular IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹136.00 per share
Issue Price (Upper)		₹140.00 per share
Issue Price (Final)	₹233.00 per share	₹140.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	600 shares	1000 shares
Fresh Issue Size	5,28,000 shares	14,15,000 shares
Fresh Issue Size (Amount)	up to ₹12.30 Cr	up to ₹19.81 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	5,28,000 shares	14,15,000 shares
Issue Size Total (Amount)	up to ₹12.30 Cr	up to ₹19.81 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Rockingdeals Circular IPO opens on Nov 22, 2023. The closing date of Arrowhead Seperation Engineering IPO and Rockingdeals Circular IPO is Nov 20, 2023, and Nov 24, 2023, respectively.

	Arrowhead Seperation Engineering IPO	Rockingdeals Circular IPO
Anchor Bid Date		Nov 21, 2023
Issue Open	Nov 16, 2023	Nov 22, 2023
Issue Close	Nov 20, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 23, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Nov 24, 2023	Nov 29, 2023
Credit of Share (Tentative)	Nov 28, 2023	Nov 29, 2023
Listing date (Tentative)	Nov 28, 2023	Nov 30, 2023
Anchor Lockin End date 1		Dec 28, 2023
Anchor Lockin End date 2		Feb 26, 2024

Financials & KPIs

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Rockingdeals Circular IPO P/E ratio of 33.33.

Arrowhead Seperation Engineering IPO

Rockingdeals Circular IPO

Financials

Arrowhead Seperation Engineering Limited Financial Information (Restated)

Arrowhead Seperation Engineering Limited's revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,180.62	2,070.53	1,832.23	1,567.43
Total Income	881.71	2,171.57	1,091.73	916.63
Profit After Tax	64.34	169.18	9.17	-179.19
Net Worth	310.41	246.07	77.26	68.09
Reserves and Surplus	179.08	114.74	-3.56	-12.73
Total Borrowing	896.02	812.67	699.45	600.59
Amount in ₹ Lakhs

Rocking Deals Circular Economy Limited Financial Information (Restated)

Rocking Deals Circular Economy Limited's revenue decreased by -1.01% and profit after tax (PAT) rose by 974.19% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,437.45	1,226.60	1,397.27	1,863.09
Total Income	958.15	1,517.53	1,533.08	1,069.62
Profit After Tax	125.15	154.34	14.37	-1.48
Net Worth	818.46	693.31	538.97	539.48
Reserves and Surplus	450.58	681.05	526.71	527.21
Total Borrowing	372.81	393.20	406.10	411.85
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

88.45

Promoter Shareholding (Post-Issue)

35.09

65.00

P/E Ratio

18.09

33.33

Market Cap

₹43.60 Cr.

₹79.23 Cr.

ROE

105%

25.05%

ROCE

30.94%

22.73%

Debt/Equity

3.30

EPS

₹12.88

₹4.20

RoNW

68.75%

22.26%

Shares Offered

In the Arrowhead Seperation Engineering IPO Retail Individual Investors (RII) are offered 2,64,000 shares while in Rockingdeals Circular IPO retail investors are offered 2,64,000 shares. Qualified Institutional Buyers (QIB) are offered in Arrowhead Seperation Engineering IPO and 2,80,000 shares in Rockingdeals Circular IPO.

	Arrowhead Seperation Engineering IPO	Rockingdeals Circular IPO
Anchor Investor Reserveration		4,20,000 shares
Market Maker Reserveration	30,000 shares	85,000 shares
QIB		2,80,000 shares
NII	2,64,000 shares	2,15,000 shares
RII	2,64,000 shares	5,00,000 shares
Employee
Others
Total	5,28,000 shares	14,15,000 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Rockingdeals Circular IPO subscribed 213.64x.

	Arrowhead Seperation Engineering IPO	Rockingdeals Circular IPO
QIB (times)		47.38x
NII (times)	46.02x	458.60x
Big NII (times)
Small NII (times)
RII (times)	142.30x	201.42x
Employee (times)
Other (times)
Total (times)	94.79x	213.64x

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