Archean Chemical IPO vs Dharmaj Crop Guard IPO

Comparision between Archean Chemical IPO and Dharmaj Crop Guard IPO.

IPO Details

Archean Chemical IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Dharmaj Crop Guard IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Archean Chemical IPO	Dharmaj Crop Guard IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Iifl Securities Ltd ICICI Securities Limited Jm Financial Limited	Elara Capital (India) Private Limited Monarch Networth Capital Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Archean Chemical IPO is up to ₹1,462.31 Cr whereas the issue size of the Dharmaj Crop Guard IPO is up to ₹251.15 Cr. The final issue price of Archean Chemical IPO is ₹407.00 per share and of Dharmaj Crop Guard IPO is ₹237.00 per share.

	Archean Chemical IPO	Dharmaj Crop Guard IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹386.00 per share	₹216.00 per share
Issue Price (Upper)	₹407.00 per share	₹237.00 per share
Issue Price (Final)	₹407.00 per share	₹237.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	36 shares	60 shares
Fresh Issue Size	1,97,78,870 shares	91,13,924 shares
Fresh Issue Size (Amount)	up to ₹805.00 Cr	up to ₹216.00 Cr
OFS Issue Size	1,61,50,000 shares	14,83,000 shares
OFS Issue Size (Amount)	up to ₹657.31 Cr	up to ₹35.15 Cr
Issue Size Total	3,59,28,870 shares	1,05,96,924 shares
Issue Size Total (Amount)	up to ₹1,462.31 Cr	up to ₹251.15 Cr

IPO Timetable

Archean Chemical IPO opens on Nov 09, 2022, while Dharmaj Crop Guard IPO opens on Nov 28, 2022. The closing date of Archean Chemical IPO and Dharmaj Crop Guard IPO is Nov 11, 2022, and Nov 30, 2022, respectively.

	Archean Chemical IPO	Dharmaj Crop Guard IPO
Anchor Bid Date
Issue Open	Nov 09, 2022	Nov 28, 2022
Issue Close	Nov 11, 2022	Nov 30, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Dec 05, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Dec 06, 2022
Credit of Share (Tentative)	Nov 18, 2022	Dec 06, 2022
Listing date (Tentative)	Nov 21, 2022	Dec 08, 2022
Anchor Lockin End date 1	Dec 16, 2022	Jan 04, 2023
Anchor Lockin End date 2	Feb 14, 2023	Mar 05, 2023

Financials

Archean Chemical IPO P/E ratio is 16.78, as compared to Dharmaj Crop Guard IPO P/E ratio of 14.55.

Archean Chemical IPO

Dharmaj Crop Guard IPO

Financial

Archean Chemical Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1260.51	572.91	39.97	42.37	772.02
31-Mar-20	1428.6	617	-36.24	5.97	929.26
31-Mar-22	1529.68	1142.83	188.58	261.06	921.87
30-Jun-22	1606.65	408.82	84.41	345.44	915.58
Amount in ₹ Crore

Dharmaj Crop Guard Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	47.66	139.95	5.02	10.46	20.35
31-Mar-20	92.58	199.16	10.76	35.22	20.18
31-Mar-21	128.87	303.56	20.96	56.14	26.92
31-Mar-22	219.54	396.29	28.69	82.82	36.93
31-Jul-22	305.76	221.17	18.36	101.17	51.56
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

65.58%

100%

Promoter Shareholding (Post-Issue)

53.41%

68.64%

P/E Ratio

16.78

14.55

Market Cap

₹5665.56 Cr.

₹801.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Archean Chemical IPO retail investors (RII) are offered 37,00,492 shares while in Dharmaj Crop Guard IPO retail investors are offered 37,00,492 shares. Qualified institutional buyers (QIB) are offered 1,07,06,095 shares in Archean Chemical IPO and 22,43,990 shares in Dharmaj Crop Guard IPO.

	Archean Chemical IPO	Dharmaj Crop Guard IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,07,06,095 shares	22,43,990 shares
NII	55,50,738 shares	17,14,200 shares
RII	37,00,492 shares	39,99,800 shares
Employee	0 shares	55,000 shares
Others
Total	1,99,57,325 shares	80,12,990 shares

Bids Received (Subscription)

Archean Chemical IPO subscribed 32.23x in total, whereas Dharmaj Crop Guard IPO subscribed 35.49x.

	Archean Chemical IPO	Dharmaj Crop Guard IPO
QIB (times)	48.91x	48.21x
NII (times)	14.90x	52.29x
Big NII (times)	16.90x	52.97x
Small NII (times)	10.92x	50.93x
RII (times)	9.96x	21.53x
Employee (times)		7.48x
Other (times)
Total (times)	32.23x	35.49x

Compare with others

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Dharmaj Crop Guard IPO	Abans Holdings IPO
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