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Arrowhead Seperation Engineering IPO vs Sheetal Universal IPO

Comparison between Arrowhead Seperation Engineering IPO and Sheetal Universal IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Sheetal Universal IPO is a SME Fixed Price proposed to list at NSE SME.

 Arrowhead Seperation Engineering IPOSheetal Universal IPO
LogoArrowhead Seperation Engineering IPO LogoSheetal Universal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Spread X Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 Sheetal Universal IPO is up to ₹22.60 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

 Arrowhead Seperation Engineering IPOSheetal Universal IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹233.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size600 shares2000 shares
Fresh Issue Size5,28,000 shares32,28,000 shares
Fresh Issue Size (Amount)up to ₹12.30 Crup to ₹22.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total5,28,000 shares32,28,000 shares
Issue Size Total (Amount)up to ₹12.30 Crup to ₹22.60 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Arrowhead Seperation Engineering IPO and Sheetal Universal IPO is Nov 20, 2023, and Dec 06, 2023, respectively.

 Arrowhead Seperation Engineering IPOSheetal Universal IPO
Issue OpenNov 16, 2023Dec 04, 2023
Issue CloseNov 20, 2023Dec 06, 2023
Basis Of Allotment (Tentative)Nov 23, 2023Dec 07, 2023
Initiation of Refunds (Tentative)Nov 24, 2023Dec 08, 2023
Credit of Share (Tentative)Nov 28, 2023Dec 08, 2023
Listing date (Tentative)Nov 28, 2023Dec 11, 2023

Financials & KPIs

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Sheetal Universal IPO P/E ratio of 27.34.

 Arrowhead Seperation Engineering IPOSheetal Universal IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets21.8120.7118.3215.67
Total Income8.8221.7210.929.17
Profit After Tax0.641.690.09-1.79
NET Worth3.102.460.770.68
Reserves and Surplus1.791.15-0.04-0.13
Total Borrowing8.968.136.996.01
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets43.7028.0416.0312.72
Total Income58.27131.6639.8438.84
Profit After Tax1.881.990.280.25
NET Worth10.476.494.504.22
Reserves and Surplus2.412.991.000.72
Total Borrowing14.6313.569.856.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)50%95%
Promoter Shareholding (Post-Issue)35.09%66.81%
P/E Ratio18.0927.34
Market Cap₹43.60 Cr.₹80.19 Cr.
ROE10536.17
ROCE30.9421.59
Debt/Equity3.302.09
EPS₹12.88₹2.56
RoNW68.7530.63

Shares Offered

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

 Arrowhead Seperation Engineering IPOSheetal Universal IPO
Market Maker Reservation30,000 shares1,72,000 shares
NII2,64,000 shares16,14,000 shares
RII2,64,000 shares16,14,000 shares
Total5,28,000 shares32,28,000 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.16x in total, whereas Sheetal Universal IPO subscribed 171.14x.

 Arrowhead Seperation Engineering IPOSheetal Universal IPO
NII (times)46.02x212.55x
RII (times)142.30x129.73x
Total (times)94.16x171.14x

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Compare:

Arrowhead Seperation Engineering IPO Vs Sheetal Universal IPO