Comparison between Arkade Developers IPO and Western Carriers IPO.
Arkade Developers IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Western Carriers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Arkade Developers IPO is up to ₹410.00 Cr whereas the issue size of the Western Carriers IPO is up to ₹492.88 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Western Carriers IPO is ₹172.00 per share.
| Arkade Developers IPO | Western Carriers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹121.00 per share | ₹163.00 per share |
| Issue Price (Upper) | ₹128.00 per share | ₹172.00 per share |
| Issue Price (Final) | ₹128.00 per share | ₹172.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹5.00 per share | |
| Market Lot Size | 110 shares | 87 shares |
| Fresh Issue Size | 3,20,37,601 shares | 2,32,55,813 shares |
| Fresh Issue Size (Amount) | up to ₹410.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 0 shares | 54,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹92.88 Cr |
| Issue Size Total | 3,20,37,601 shares | 2,86,55,813 shares |
| Issue Size Total (Amount) | up to ₹410.00 Cr | up to ₹492.88 Cr |
Arkade Developers IPO opens on Sep 16, 2024, while Western Carriers IPO opens on Sep 13, 2024. The closing date of Arkade Developers IPO and Western Carriers IPO is Sep 19, 2024, and Sep 19, 2024, respectively.
| Arkade Developers IPO | Western Carriers IPO | |
|---|---|---|
| Anchor Bid Date | Sep 13, 2024 | Sep 12, 2024 |
| Issue Open | Sep 16, 2024 | Sep 13, 2024 |
| Issue Close | Sep 19, 2024 | Sep 19, 2024 |
| Basis Of Allotment (Tentative) | Sep 20, 2024 | Sep 20, 2024 |
| Initiation of Refunds (Tentative) | Sep 23, 2024 | Sep 23, 2024 |
| Credit of Share (Tentative) | Sep 23, 2024 | Sep 23, 2024 |
| Listing date (Tentative) | Sep 24, 2024 | Sep 24, 2024 |
| Anchor Lockin End date 1 | Oct 20, 2024 | Oct 19, 2024 |
| Anchor Lockin End date 2 | Dec 19, 2024 | Dec 18, 2024 |
Arkade Developers IPO P/E ratio is 16.01, as compared to Western Carriers IPO P/E ratio of 16.85.
| Arkade Developers IPO | Western Carriers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.58 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.82 | 71.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 16.01 | 16.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹2376.41 Cr. | ₹1753.63 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 46.90% | 22.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 47.34% | 29.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.21 | 0.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.99 | ₹10.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 46.90% | 20.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Arkade Developers IPO Retail Individual Investors (RII) are offered 1,11,56,250 shares while in Western Carriers IPO retail investors are offered 1,11,56,250 shares. Qualified Institutional Buyers (QIB) are offered 63,75,000 shares in Arkade Developers IPO and 57,31,163 shares in Western Carriers IPO.
| Arkade Developers IPO | Western Carriers IPO | |
|---|---|---|
| Anchor Investor Reservation | 95,62,500 shares | 85,96,743 shares |
| Market Maker Reservation | ||
| QIB | 63,75,000 shares | 57,31,163 shares |
| NII | 47,81,250 shares | 42,98,372 shares |
| RII | 1,11,56,250 shares | 1,00,29,535 shares |
| Employee | 1,62,601 shares | |
| Others | ||
| Total | 3,20,37,601 shares | 2,86,55,813 shares |
Arkade Developers IPO subscribed 113.49x in total, whereas Western Carriers IPO subscribed 31.69x.
| Arkade Developers IPO | Western Carriers IPO | |
|---|---|---|
| QIB (times) | 172.60x | 28.81x |
| NII (times) | 172.22x | 46.68x |
| Big NII (times) | 169.95x | 41.65x |
| Small NII (times) | 176.76x | 56.73x |
| RII (times) | 53.78x | 26.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 113.49x | 31.69x |
