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Arrowhead Seperation Engineering IPO vs Swashthik Plascon IPO

Comparison between Arrowhead Seperation Engineering IPO and Swashthik Plascon IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Swashthik Plascon IPO is a SME Bookbuilding proposed to list at BSE SME.

 Arrowhead Seperation Engineering IPOSwashthik Plascon IPO
LogoArrowhead Seperation Engineering IPO LogoSwashthik Plascon IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Shreni Shares Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Nikunj Stock Brokers 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 Swashthik Plascon IPO is up to ₹38.71 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

 Arrowhead Seperation Engineering IPOSwashthik Plascon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹86.00 per share
Issue Price (Final)₹233.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size600 shares1600 shares
Fresh Issue Size5,28,000 shares45,00,800 shares
Fresh Issue Size (Amount)up to ₹12.30 Crup to ₹38.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total5,28,000 shares45,00,800 shares
Issue Size Total (Amount)up to ₹12.30 Crup to ₹38.71 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Arrowhead Seperation Engineering IPO and Swashthik Plascon IPO is Nov 20, 2023, and Nov 29, 2023, respectively.

 Arrowhead Seperation Engineering IPOSwashthik Plascon IPO
Anchor Bid DateNov 23, 2023
Issue OpenNov 16, 2023Nov 24, 2023
Issue CloseNov 20, 2023Nov 29, 2023
Basis Of Allotment (Tentative)Nov 23, 2023Dec 04, 2023
Initiation of Refunds (Tentative)Nov 24, 2023Dec 05, 2023
Credit of Share (Tentative)Nov 28, 2023Dec 05, 2023
Listing date (Tentative)Nov 28, 2023Dec 05, 2023
Anchor Lockin End date 1Jan 03, 2024
Anchor Lockin End date 2Mar 03, 2024

Financials & KPIs

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

 Arrowhead Seperation Engineering IPOSwashthik Plascon 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets11,416.0911,076.25
Total Income6,973.654,589.10
Profit After Tax528.48302.19
Net Worth2,564.072,037.09
Reserves and Surplus1,281.59754.61
Total Borrowing6,231.665,879.54
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)5060.00
Promoter Shareholding (Post-Issue)35.0943.81
P/E Ratio18.0917.23
Market Cap₹43.60 Cr.₹151.05 Cr.
ROE105%22.78%
ROCE30.94%17.30%
Debt/Equity3.302.89
EPS₹12.88₹4.99
RoNW68.75%14.95%

Shares Offered

In the Arrowhead Seperation Engineering IPO Retail Individual Investors (RII) are offered 2,64,000 shares while in Swashthik Plascon IPO retail investors are offered 2,64,000 shares. Qualified Institutional Buyers (QIB) are offered in Arrowhead Seperation Engineering IPO and 9,00,800 shares in Swashthik Plascon IPO.

 Arrowhead Seperation Engineering IPOSwashthik Plascon IPO
Anchor Investor Reserveration13,48,800 shares
Market Maker Reserveration30,000 shares2,38,400 shares
QIB9,00,800 shares
NII2,64,000 shares6,75,200 shares
RII2,64,000 shares15,76,000 shares
Employee
Others
Total5,28,000 shares45,00,800 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

 Arrowhead Seperation Engineering IPOSwashthik Plascon IPO
QIB (times)3.42x
NII (times)46.02x35.76x
Big NII (times)
Small NII (times)
RII (times)142.30x13.58x
Employee (times)
Other (times)
Total (times)94.79x15.43x