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Arabian Petroleum IPO vs Rajgor Castor Derivatives IPO

Comparision between Arabian Petroleum IPO and Rajgor Castor Derivatives IPO.

IPO Details

Arabian Petroleum IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Book Built Issue proposed to list at NSE SME.

  Arabian Petroleum IPO Rajgor Castor Derivatives IPO
Logo Arabian Petroleum IPO Logo Rajgor Castor Derivatives IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Beeline Capital Advisors Pvt Ltd
Registrar Purva Sharegistry India Pvt Ltd Link Intime India Private Ltd
Market Maker Hem Finlease Private Limited Spread X Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Rajgor Castor Derivatives IPO is up to ₹47.81 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

  Arabian Petroleum IPO Rajgor Castor Derivatives IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹47.00 per share
Issue Price (Upper) ₹50.00 per share
Issue Price (Final) ₹70.00 per share ₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 3000 shares
Fresh Issue Size 28,92,000 shares 88,95,000 shares
Fresh Issue Size (Amount) up to ₹20.24 Cr up to ₹44.48 Cr
OFS Issue Size 6,66,000 shares
OFS Issue Size (Amount) up to ₹3.33 Cr
Issue Size Total 28,92,000 shares 95,61,000 shares
Issue Size Total (Amount) up to ₹20.24 Cr up to ₹47.81 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of Arabian Petroleum IPO and Rajgor Castor Derivatives IPO is Sep 27, 2023, and Oct 20, 2023, respectively.

  Arabian Petroleum IPO Rajgor Castor Derivatives IPO
Anchor Bid Date Oct 16, 2023
Issue Open Sep 25, 2023 Oct 17, 2023
Issue Close Sep 27, 2023 Oct 20, 2023
Basis Of Allotment (Tentative) Oct 04, 2023 Oct 26, 2023
Initiation of Refunds (Tentative) Oct 05, 2023 Oct 27, 2023
Credit of Share (Tentative) Oct 06, 2023 Oct 30, 2023
Listing date (Tentative) Oct 09, 2023 Oct 31, 2023
Anchor Lockin End date 1 Nov 03, 2023 Nov 25, 2023
Anchor Lockin End date 2 Jan 02, 2024 Jan 24, 2024

Financials

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

  Arabian Petroleum IPO Rajgor Castor Derivatives 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

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets9,847.957,782.643,753.422,578.482,645.34
Revenue11,276.1042,887.354,091.301,100.691,497.33
Profit After Tax192.57554.4752.19-180.18-97.02
Net Worth2,558.242,365.55201.90149.71
Reserves and Surplus2,343.542,150.97190.12137.93318.12
Total Borrowing5,178.964,450.931,809.512,286.28
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100%
Promoter Shareholding (Post-Issue) 73.45%
P/E Ratio 11.51 1.66
Market Cap ₹76.24 Cr. ₹119.58 Cr.
ROE 22.08%% 43.19%%
ROCE 32.47%% 22.97%%
Debt/Equity 1.75 1.88
EPS ₹6.08 ₹30.06
RoNW 22.08%% 23.44%%

Shares Offered

In the Arabian Petroleum IPO retail investors (RII) are offered 13,72,000 shares while in Rajgor Castor Derivatives IPO retail investors are offered 13,72,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arabian Petroleum IPO and 17,22,000 shares in Rajgor Castor Derivatives IPO.

  Arabian Petroleum IPO Rajgor Castor Derivatives IPO
Anchor Investor Reserveration 27,12,000 shares
Market Maker Reserveration 1,48,000 shares 5,01,000 shares
QIB 0 shares 17,22,000 shares
NII 13,72,000 shares 13,62,000 shares
RII 13,72,000 shares 31,42,000 shares
Employee 0 shares 0 shares
Others
Total 27,44,000 shares 62,26,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

  Arabian Petroleum IPO Rajgor Castor Derivatives IPO
QIB (times) 35.52x
NII (times) 15.72x 260.01x
Big NII (times)
Small NII (times)
RII (times) 23.19x 80.70x
Employee (times)
Other (times)
Total (times) 19.91x 107.43x

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