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Arabian Petroleum IPO vs Organic Recycling Systems IPO

Comparision between Arabian Petroleum IPO and Organic Recycling Systems IPO.

IPO Details

Arabian Petroleum IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Organic Recycling Systems IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Arabian Petroleum IPO Organic Recycling Systems IPO
Logo Arabian Petroleum IPO Logo Organic Recycling Systems IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Hem Securities Limited Arihant Capital Markets Ltd
Registrar Purva Sharegistry India Pvt Ltd Maashitla Securities Private Limited
Market Maker Hem Finlease Private Limited Arihant Capital Markets Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arabian Petroleum IPO is up to ₹20.24 Cr whereas the issue size of the Organic Recycling Systems IPO is up to ₹50.00 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Organic Recycling Systems IPO is ₹200.00 per share.

  Arabian Petroleum IPO Organic Recycling Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹70.00 per share ₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 600 shares
Fresh Issue Size 28,92,000 shares 25,00,200 shares
Fresh Issue Size (Amount) up to ₹20.24 Cr up to ₹50.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 28,92,000 shares 25,00,200 shares
Issue Size Total (Amount) up to ₹20.24 Cr up to ₹50.00 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Organic Recycling Systems IPO opens on Sep 21, 2023. The closing date of Arabian Petroleum IPO and Organic Recycling Systems IPO is Sep 27, 2023, and Sep 26, 2023, respectively.

  Arabian Petroleum IPO Organic Recycling Systems IPO
Anchor Bid Date
Issue Open Sep 25, 2023 Sep 21, 2023
Issue Close Sep 27, 2023 Sep 26, 2023
Basis Of Allotment (Tentative) Oct 04, 2023 Sep 29, 2023
Initiation of Refunds (Tentative) Oct 05, 2023 Oct 03, 2023
Credit of Share (Tentative) Oct 06, 2023 Oct 04, 2023
Listing date (Tentative) Oct 09, 2023 Oct 06, 2023
Anchor Lockin End date 1 Nov 03, 2023 Oct 29, 2023
Anchor Lockin End date 2 Jan 02, 2024 Dec 28, 2023

Financials

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Organic Recycling Systems IPO P/E ratio of 25.54.

  Arabian Petroleum IPO Organic Recycling Systems IPO
Financial
Arabian Petroleum IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets5,031.887,134.947,650.88
Revenue11,024.5419,159.1024,394.68
Profit After Tax287.54414.34486.48
Net Worth1,301.981,716.322,202.80
Reserves and Surplus1,101.981,516.321,402.80
Total Borrowing2,197.752,948.973,830.66
Amount in ₹ Lakhs
Organic Recycling Systems IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets10,272.6910,669.3511,931.10
Revenue1,578.181,756.672,534.10
Profit After Tax-449.37-535.03365.38
Net Worth1,343.88808.862,550.07
Reserves and Surplus1,298.11763.082,014.40
Total Borrowing5,449.895,418.386,981.41
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 30.14%
Promoter Shareholding (Post-Issue) 73.45% 20.35%
P/E Ratio 11.51 25.54
Market Cap ₹76.24 Cr. ₹153.99 Cr.
ROE 22.08%% 21.76%%
ROCE 32.47%% 13.06%%
Debt/Equity 1.75 2.7
EPS ₹6.08 ₹7.83
RoNW 22.08%% 14.33%%

Shares Offered

In the Arabian Petroleum IPO retail investors (RII) are offered 13,72,000 shares while in Organic Recycling Systems IPO retail investors are offered 13,72,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arabian Petroleum IPO and 0 shares in Organic Recycling Systems IPO.

  Arabian Petroleum IPO Organic Recycling Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,48,000 shares 1,30,200 shares
QIB 0 shares 0 shares
NII 13,72,000 shares 11,85,000 shares
RII 13,72,000 shares 11,85,000 shares
Employee 0 shares 0 shares
Others
Total 27,44,000 shares 23,70,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas Organic Recycling Systems IPO subscribed 3.24x.

  Arabian Petroleum IPO Organic Recycling Systems IPO
QIB (times)
NII (times) 15.72x 4.28x
Big NII (times)
Small NII (times)
RII (times) 23.19x 2.21x
Employee (times)
Other (times)
Total (times) 19.91x 3.24x

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