Comparison between Arabian Petroleum IPO and Saakshi Medtech IPO.
IPO Details
Arabian Petroleum IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.
Issue Size and Price
The total issue size of Arabian Petroleum IPO is up to ₹19.21 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.
IPO Timetable
Arabian Petroleum IPO opens on Sep 25, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Arabian Petroleum IPO and Saakshi Medtech IPO is Sep 27, 2023, and Sep 27, 2023, respectively.
| | Arabian Petroleum IPO | Saakshi Medtech IPO |
|---|
| Anchor Bid Date | | Sep 22, 2023 |
| Issue Open | Sep 25, 2023 | Sep 25, 2023 |
| Issue Close | Sep 27, 2023 | Sep 27, 2023 |
| Basis Of Allotment (Tentative) | Oct 04, 2023 | Oct 03, 2023 |
| Initiation of Refunds (Tentative) | Oct 05, 2023 | Oct 04, 2023 |
| Credit of Share (Tentative) | Oct 06, 2023 | Oct 05, 2023 |
| Listing date (Tentative) | Oct 09, 2023 | Oct 03, 2023 |
| Anchor Lockin End date 1 | | Nov 02, 2023 |
| Anchor Lockin End date 2 | | Jan 01, 2024 |
Financials & KPIs
Arabian Petroleum IPO P/E ratio is 11.51, as compared to Saakshi Medtech IPO P/E ratio of 10.18.
Shares Offered
In the Arabian Petroleum IPO Retail Individual Investors (RII) are offered 13,72,000 shares while in Saakshi Medtech IPO retail investors are offered 13,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Arabian Petroleum IPO and 8,84,400 shares in Saakshi Medtech IPO.
| | Arabian Petroleum IPO | Saakshi Medtech IPO |
|---|
| Anchor Investor Reservation | | 13,24,800 shares |
| Market Maker Reservation | 1,48,000 shares | 2,35,200 shares |
| QIB | | 8,84,400 shares |
| NII | 13,72,000 shares | 6,63,600 shares |
| RII | 13,72,000 shares | 15,48,000 shares |
| Total | 27,44,000 shares | 44,20,800 shares |
Bids Received (Subscription)
Arabian Petroleum IPO subscribed 19.46x in total, whereas Saakshi Medtech IPO subscribed 64.18x.
