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Arrowhead Seperation Engineering IPO vs ROX Hi-Tech IPO

Comparison between Arrowhead Seperation Engineering IPO and ROX Hi-Tech IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while ROX Hi-Tech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Arrowhead Seperation Engineering IPOROX Hi-Tech IPO
LogoArrowhead Seperation Engineering IPO LogoROX Hi-Tech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Swaraj shares & securities Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO 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 ROX Hi-Tech IPO is up to ₹47.45 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of ROX Hi-Tech IPO is ₹83.00 per share.

 Arrowhead Seperation Engineering IPOROX Hi-Tech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹83.00 per share
Issue Price (Final)₹233.00 per share₹83.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1600 shares
Fresh Issue Size5,28,000 shares51,69,600 shares
Fresh Issue Size (Amount)up to ₹12.30 Crup to ₹42.91 Cr
OFS Issue Size0 shares5,47,200 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.54 Cr
Issue Size Total5,28,000 shares57,16,800 shares
Issue Size Total (Amount)up to ₹12.30 Crup to ₹47.45 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while ROX Hi-Tech IPO opens on Nov 07, 2023. The closing date of Arrowhead Seperation Engineering IPO and ROX Hi-Tech IPO is Nov 20, 2023, and Nov 09, 2023, respectively.

 Arrowhead Seperation Engineering IPOROX Hi-Tech IPO
Anchor Bid DateNov 06, 2023
Issue OpenNov 16, 2023Nov 07, 2023
Issue CloseNov 20, 2023Nov 09, 2023
Basis Of Allotment (Tentative)Nov 23, 2023Nov 15, 2023
Initiation of Refunds (Tentative)Nov 24, 2023Nov 16, 2023
Credit of Share (Tentative)Nov 28, 2023Nov 16, 2023
Listing date (Tentative)Nov 28, 2023Nov 16, 2023
Anchor Lockin End date 1Dec 15, 2023
Anchor Lockin End date 2Feb 13, 2024

Financials & KPIs

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to ROX Hi-Tech IPO P/E ratio of 9.11.

 Arrowhead Seperation Engineering IPOROX Hi-Tech 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 Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,180.622,070.531,832.231,567.43
Total Income881.712,171.571,091.73916.63
Profit After Tax64.34169.189.17-179.19
Net Worth310.41246.0777.2668.09
Reserves and Surplus179.08114.74-3.56-12.73
Total Borrowing896.02812.67699.45600.59
Amount in ₹ Lakhs

ROX Hi-Tech Limited Financial Information (Restated)

ROX Hi-Tech Limited's revenue increased by 30.12% and profit after tax (PAT) rose by 913.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets8,010.876,103.263,866.723,887.58
Total Income5,001.2013,398.8510,297.256,547.94
Profit After Tax675.891,532.97151.3166.15
Net Worth3,090.932,415.03882.06730.75
Reserves and Surplus1,409.051,667.53134.56405.75
Total Borrowing2,838.792,258.361,794.591,135.32
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)5083.29
Promoter Shareholding (Post-Issue)35.09
P/E Ratio18.099.11
Market Cap₹43.60 Cr.₹189.52 Cr.
ROE105%63.48%
ROCE30.94%50.17%
Debt/Equity3.300.94
EPS₹12.88₹9.11
RoNW68.75%63.48%

Shares Offered

In the Arrowhead Seperation Engineering IPO Retail Individual Investors (RII) are offered 2,64,000 shares while in ROX Hi-Tech IPO retail investors are offered 2,64,000 shares. Qualified Institutional Buyers (QIB) are offered in Arrowhead Seperation Engineering IPO and 10,51,200 shares in ROX Hi-Tech IPO.

 Arrowhead Seperation Engineering IPOROX Hi-Tech IPO
Anchor Investor Reserveration15,76,000 shares
Market Maker Reserveration30,000 shares8,48,000 shares
QIB10,51,200 shares
NII2,64,000 shares8,96,000 shares
RII2,64,000 shares21,93,600 shares
Employee
Others
Total5,28,000 shares57,16,800 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas ROX Hi-Tech IPO subscribed 214.44x.

 Arrowhead Seperation Engineering IPOROX Hi-Tech IPO
QIB (times)106.25x
NII (times)46.02x366.86x
Big NII (times)
Small NII (times)
RII (times)142.30x204.02x
Employee (times)
Other (times)
Total (times)94.79x214.44x