Comparison between Northern Arc Capital IPO and Western Carriers IPO.
Northern Arc Capital 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 Northern Arc Capital IPO is up to ₹777.00 Cr whereas the issue size of the Western Carriers IPO is up to ₹492.88 Cr. The final issue price of Northern Arc Capital IPO is ₹263.00 per share and of Western Carriers IPO is ₹172.00 per share.
| Northern Arc Capital IPO | Western Carriers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹5 per share |
| Issue Price (Lower) | ₹249.00 per share | ₹163.00 per share |
| Issue Price (Upper) | ₹263.00 per share | ₹172.00 per share |
| Issue Price (Final) | ₹263.00 per share | ₹172.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹24.00 per share | |
| Market Lot Size | 57 shares | 87 shares |
| Fresh Issue Size | 1,90,65,326 shares | 2,32,55,813 shares |
| Fresh Issue Size (Amount) | up to ₹500.50 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 1,05,32,320 shares | 54,00,000 shares |
| OFS Issue Size (Amount) | up to ₹276.50 Cr | up to ₹92.88 Cr |
| Issue Size Total | 2,95,97,646 shares | 2,86,55,813 shares |
| Issue Size Total (Amount) | up to ₹777.00 Cr | up to ₹492.88 Cr |
Northern Arc Capital IPO opens on Sep 16, 2024, while Western Carriers IPO opens on Sep 13, 2024. The closing date of Northern Arc Capital IPO and Western Carriers IPO is Sep 19, 2024, and Sep 19, 2024, respectively.
| Northern Arc Capital 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 19, 2024 | Oct 19, 2024 |
| Anchor Lockin End date 2 | Dec 18, 2024 | Dec 18, 2024 |
Northern Arc Capital IPO P/E ratio is 11.78, as compared to Western Carriers IPO P/E ratio of 16.85.
| Northern Arc Capital IPO | Western Carriers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.89 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.78 | 16.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹4242.86 Cr. | ₹1753.63 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 22.41% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 29.23% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.90 | 0.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹22.32 | ₹10.21 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.32% | 20.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Northern Arc Capital IPO Retail Individual Investors (RII) are offered 1,01,52,371 shares while in Western Carriers IPO retail investors are offered 1,01,52,371 shares. Qualified Institutional Buyers (QIB) are offered 58,01,354 shares in Northern Arc Capital IPO and 57,31,163 shares in Western Carriers IPO.
| Northern Arc Capital IPO | Western Carriers IPO | |
|---|---|---|
| Anchor Investor Reservation | 87,02,031 shares | 85,96,743 shares |
| Market Maker Reservation | ||
| QIB | 58,01,354 shares | 57,31,163 shares |
| NII | 43,51,016 shares | 42,98,372 shares |
| RII | 1,01,52,371 shares | 1,00,29,535 shares |
| Employee | 5,90,874 shares | |
| Others | ||
| Total | 2,95,97,646 shares | 2,86,55,813 shares |
Northern Arc Capital IPO subscribed 117.19x in total, whereas Western Carriers IPO subscribed 31.69x.
| Northern Arc Capital IPO | Western Carriers IPO | |
|---|---|---|
| QIB (times) | 242.73x | 28.81x |
| NII (times) | 147.58x | 46.68x |
| Big NII (times) | 160.48x | 41.65x |
| Small NII (times) | 121.79x | 56.73x |
| RII (times) | 32.01x | 26.92x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 117.19x | 31.69x |
