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Arabian Petroleum IPO vs Saakshi Medtech IPO

Comparison between Arabian Petroleum IPO and Saakshi Medtech IPO.

IPO Details

Arabian Petroleum IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Saakshi Medtech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Arabian Petroleum IPOSaakshi Medtech IPO
LogoArabian Petroleum IPO LogoSaakshi Medtech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Hem Securities Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Arabian Petroleum IPO is up to ₹19.21 Cr whereas the issue size of the Saakshi Medtech IPO is up to ₹42.88 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Saakshi Medtech IPO is ₹97.00 per share.

 Arabian Petroleum IPOSaakshi Medtech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹92.00 per share
Issue Price (Upper)₹97.00 per share
Issue Price (Final)₹70.00 per share₹97.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares1200 shares
Fresh Issue Size27,44,000 shares44,20,800 shares
Fresh Issue Size (Amount)up to ₹19.21 Crup to ₹42.88 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,44,000 shares44,20,800 shares
Issue Size Total (Amount)up to ₹19.21 Crup to ₹42.88 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Saakshi Medtech IPO opens on Sep 25, 2023. The closing date of Arabian Petroleum IPO and Saakshi Medtech IPO is Sep 27, 2023, and Sep 27, 2023, respectively.

 Arabian Petroleum IPOSaakshi Medtech IPO
Anchor Bid DateSep 22, 2023
Issue OpenSep 25, 2023Sep 25, 2023
Issue CloseSep 27, 2023Sep 27, 2023
Basis Of Allotment (Tentative)Oct 04, 2023Oct 03, 2023
Initiation of Refunds (Tentative)Oct 05, 2023Oct 04, 2023
Credit of Share (Tentative)Oct 06, 2023Oct 05, 2023
Listing date (Tentative)Oct 09, 2023Oct 03, 2023
Anchor Lockin End date 1Nov 02, 2023
Anchor Lockin End date 2Jan 01, 2024

Financials & KPIs

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Saakshi Medtech IPO P/E ratio of 10.18.

 Arabian Petroleum IPOSaakshi Medtech IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets76.5171.3550.32
Total Income243.95191.59110.25
Profit After Tax4.864.142.88
NET Worth22.0317.1613.02
Reserves and Surplus14.0315.1611.02
Total Borrowing38.3129.4921.98
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets93.2465.2255.92
Total Income122.2091.6960.22
Profit After Tax12.389.382.20
NET Worth42.2429.8620.48
Reserves and Surplus39.6427.2617.88
Total Borrowing20.0716.3621.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.45%73.63%
P/E Ratio11.5110.18
Market Cap₹76.24 Cr.₹171.26 Cr.
ROE22.0834.35
ROCE32.4728.57
Debt/Equity1.750.48
EPS₹6.08₹9.53
RoNW22.0829.32

Shares Offered

In the Arabian Petroleum IPO Retail Individual Investors (RII) are offered 13,72,000 shares while in Saakshi Medtech IPO retail investors are offered 13,72,000 shares. Qualified Institutional Buyers (QIB) are offered in Arabian Petroleum IPO and 8,84,400 shares in Saakshi Medtech IPO.

 Arabian Petroleum IPOSaakshi Medtech IPO
Anchor Investor Reservation13,24,800 shares
Market Maker Reservation1,48,000 shares2,35,200 shares
QIB8,84,400 shares
NII13,72,000 shares6,63,600 shares
RII13,72,000 shares15,48,000 shares
Total27,44,000 shares44,20,800 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.46x in total, whereas Saakshi Medtech IPO subscribed 64.18x.

 Arabian Petroleum IPOSaakshi Medtech IPO
QIB (times)37.35x
NII (times)15.72x200.78x
RII (times)23.19x75.88x
Total (times)19.46x64.18x

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Arabian Petroleum IPO Vs Saakshi Medtech IPO