Arihant Academy IPO vs Uma Converter IPO

Comparision between Arihant Academy IPO and Uma Converter IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Uma Converter IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arihant Academy IPO	Uma Converter IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Smc Global Securities Ltd.
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 Uma Converter IPO is up to ₹18.41 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of Uma Converter IPO is ₹33.00 per share.

	Arihant Academy IPO	Uma Converter IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹33.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	4000 shares
Fresh Issue Size	16,35,200 shares	55,80,000 shares
Fresh Issue Size (Amount)	up to ₹14.72 Cr	up to ₹18.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,35,200 shares	55,80,000 shares
Issue Size Total (Amount)	up to ₹14.72 Cr	up to ₹18.41 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while Uma Converter IPO opens on Dec 15, 2022. The closing date of Arihant Academy IPO and Uma Converter IPO is Dec 21, 2022, and Dec 21, 2022, respectively.

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

Financials

Arihant Academy IPO P/E ratio is 19.11, as compared to Uma Converter IPO P/E ratio of 10.31.

Arihant Academy IPO

Uma Converter 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

Uma Converter Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	11296.41	10398.45	281.91	3864.47	5385.15
31-Mar-21	13936.02	15911.11	445.09	4314.25	6543.22
31-Mar-22	15140.92	18720.79	494.96	4812.58	7431.19
30-Sep-22	16452.32	9209.58	324.15	5138.42	7856.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

95.00%

Promoter Shareholding (Post-Issue)

73.00%

68.86%

P/E Ratio

19.11

10.31

Market Cap

₹54.50 Cr.

₹66.91 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 Uma Converter IPO retail investors are offered 7,76,000 shares. Qualified institutional buyers (QIB) are offered in Arihant Academy IPO and in Uma Converter IPO.

	Arihant Academy IPO	Uma Converter IPO
Anchor Investor Reserveration
Market Maker Reserveration	83,200 shares	3,00,000 shares
QIB
NII	7,76,000 shares	26,40,000 shares
RII	7,76,000 shares	26,40,000 shares
Employee
Others
Total	15,52,000 shares	52,80,000 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas Uma Converter IPO subscribed 16.66x.

	Arihant Academy IPO	Uma Converter IPO
QIB (times)
NII (times)	242.89x	15.50x
Big NII (times)
Small NII (times)
RII (times)	228.85x	17.82x
Employee (times)
Other (times)
Total (times)	235.87x	16.66x

Compare with others

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Uma Converter IPO	Dollex Agrotech IPO
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