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Arabian Petroleum IPO vs Vishnusurya Projects IPO

Comparison between Arabian Petroleum IPO and Vishnusurya Projects IPO.

IPO Details

Arabian Petroleum IPO is a SME Fixed Price IPO proposed to list at NSE SME while Vishnusurya Projects IPO is a SME Fixed Price proposed to list at NSE SME.

 Arabian Petroleum IPOVishnusurya Projects IPO
LogoArabian Petroleum IPO LogoVishnusurya Projects IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHem Securities Ltd.Khandwala Securities Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerHem Finlease Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 Vishnusurya Projects IPO is up to ₹47.46 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Vishnusurya Projects IPO is ₹68.00 per share.

 Arabian Petroleum IPOVishnusurya Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹70.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size27,44,000 shares69,80,000 shares
Fresh Issue Size (Amount)up to ₹19.21 Crup to ₹47.46 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,44,000 shares69,80,000 shares
Issue Size Total (Amount)up to ₹19.21 Crup to ₹47.46 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Vishnusurya Projects IPO opens on Sep 29, 2023. The closing date of Arabian Petroleum IPO and Vishnusurya Projects IPO is Sep 27, 2023, and Oct 05, 2023, respectively.

 Arabian Petroleum IPOVishnusurya Projects IPO
Issue OpenSep 25, 2023Sep 29, 2023
Issue CloseSep 27, 2023Oct 05, 2023
Basis Of Allotment (Tentative)Oct 04, 2023Oct 09, 2023
Initiation of Refunds (Tentative)Oct 05, 2023Oct 10, 2023
Credit of Share (Tentative)Oct 06, 2023Oct 10, 2023
Listing date (Tentative)Oct 09, 2023Oct 10, 2023

Financials & KPIs

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Vishnusurya Projects IPO P/E ratio of 2.69.

 Arabian Petroleum IPOVishnusurya Projects 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 Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets121.05118.4995.95
Total Income133.2696.0463.39
Profit After Tax17.3721.592.29
NET Worth59.5241.5635.74
Reserves and Surplus50.4436.6030.78
Total Borrowing36.2534.8914.72
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%88.74%
Promoter Shareholding (Post-Issue)73.45%62.24%
P/E Ratio11.512.69
Market Cap₹76.24 Cr.₹167.35 Cr.
ROE22.0827.86
ROCE32.4731.22
Debt/Equity1.751.03
EPS₹6.08₹25.30
RoNW22.0827.86

Shares Offered

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

 Arabian Petroleum IPOVishnusurya Projects IPO
Market Maker Reservation1,48,000 shares3,70,000 shares
NII13,72,000 shares34,90,000 shares
RII13,72,000 shares34,90,000 shares
Total27,44,000 shares69,80,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.46x in total, whereas Vishnusurya Projects IPO subscribed 39.97x.

 Arabian Petroleum IPOVishnusurya Projects IPO
NII (times)15.72x36.32x
RII (times)23.19x43.63x
Total (times)19.46x39.97x

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Arabian Petroleum IPO Vs Vishnusurya Projects IPO