Arihant Academy IPO vs PNGS Gargi Fashion Jewellery IPO

Comparision between Arihant Academy IPO and PNGS Gargi Fashion Jewellery IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while PNGS Gargi Fashion Jewellery IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Arihant Academy IPO	PNGS Gargi Fashion Jewellery 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	Shreni Shares Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Shreni Shares 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 Arihant Academy IPO is up to ₹14.72 Cr whereas the issue size of the PNGS Gargi Fashion Jewellery IPO is up to ₹7.80 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of PNGS Gargi Fashion Jewellery IPO is ₹30.00 per share.

	Arihant Academy IPO	PNGS Gargi Fashion Jewellery IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹30.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	4000 shares
Fresh Issue Size	16,35,200 shares	26,00,000 shares
Fresh Issue Size (Amount)	up to ₹14.72 Cr	up to ₹7.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,35,200 shares	26,00,000 shares
Issue Size Total (Amount)	up to ₹14.72 Cr	up to ₹7.80 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while PNGS Gargi Fashion Jewellery IPO opens on Dec 08, 2022. The closing date of Arihant Academy IPO and PNGS Gargi Fashion Jewellery IPO is Dec 21, 2022, and Dec 13, 2022, respectively.

	Arihant Academy IPO	PNGS Gargi Fashion Jewellery IPO
Anchor Bid Date
Issue Open	Dec 16, 2022	Dec 08, 2022
Issue Close	Dec 21, 2022	Dec 13, 2022
Basis Of Allotment (Tentative)	Dec 26, 2022	Dec 16, 2022
Initiation of Refunds (Tentative)	Dec 27, 2022	Dec 19, 2022
Credit of Share (Tentative)	Dec 28, 2022	Dec 20, 2022
Listing date (Tentative)	Dec 29, 2022	Dec 20, 2022
Anchor Lockin End date 1	Jan 25, 2023	Jan 15, 2023
Anchor Lockin End date 2	Mar 26, 2023	Mar 16, 2023

Financials

Arihant Academy IPO P/E ratio is 19.11, as compared to PNGS Gargi Fashion Jewellery IPO P/E ratio of 6.77.

Arihant Academy IPO

PNGS Gargi Fashion Jewellery IPO

Financial

Arihant Academy Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	814.3	1921.12	42.09	177.17	177.17	89.38
31-Mar-21	829.09	1409.77	112.56	289.73	289.73	48.98
31-Mar-22	1104.26	1531.97	201.86	491.59	491.59	127.6
Amount in ₹ Lakhs

PNGS Gargi Fashion Jewellery Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.93	0	0.1	1.28	0.36
31-Mar-21	2.64	0.63	0.35	1.62	0.36
31-Mar-22	836.2	593.94	110.53	109.5	531.28
30-Sep-22	1247.77	1189.18	213.17	1072.71
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

73.00%

73%

P/E Ratio

19.11

6.77

Market Cap

₹54.50 Cr.

₹28.88 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Arihant Academy IPO retail investors (RII) are offered 7,76,000 shares while in PNGS Gargi Fashion Jewellery IPO retail investors are offered 7,76,000 shares. Qualified institutional buyers (QIB) are offered in Arihant Academy IPO and in PNGS Gargi Fashion Jewellery IPO.

	Arihant Academy IPO	PNGS Gargi Fashion Jewellery IPO
Anchor Investor Reserveration
Market Maker Reserveration	83,200 shares	1,36,000 shares
QIB
NII	7,76,000 shares	12,32,000 shares
RII	7,76,000 shares	12,32,000 shares
Employee
Others
Total	15,52,000 shares	24,64,000 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas PNGS Gargi Fashion Jewellery IPO subscribed 230.94x.

	Arihant Academy IPO	PNGS Gargi Fashion Jewellery IPO
QIB (times)
NII (times)	242.89x	213.21x
Big NII (times)
Small NII (times)
RII (times)	228.85x	248.68x
Employee (times)
Other (times)
Total (times)	235.87x	230.94x

Compare with others

Arihant Academy IPO	PNGS Gargi Fashion Jewellery IPO
Moxsh Overseas Educon IPO	RBM Infracon IPO
RBM Infracon IPO	Homesfy Realty IPO
Homesfy Realty IPO	Dollex Agrotech IPO
Dollex Agrotech IPO	Uma Converter IPO
Uma Converter IPO	Arihant Academy IPO
PNGS Gargi Fashion Jewellery IPO	Droneacharya Aerial Innovations IPO
Droneacharya Aerial Innovations IPO	All E Technologies IPO
All E Technologies IPO	Arham Technologies IPO
Arham Technologies IPO	Baheti Recycling Industries IPO
Baheti Recycling Industries IPO	Pritika Engineering Components IPO

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