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Arkade Developers IPO vs Shree Tirupati Balajee IPO

Comparision between Arkade Developers IPO and Shree Tirupati Balajee IPO.

IPO Details

Arkade Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shree Tirupati Balajee IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Arkade Developers IPO Shree Tirupati Balajee IPO
Logo Arkade Developers IPO Logo Shree Tirupati Balajee 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 Unistone Capital Pvt Ltd Pnb Investment Services Ltd

Unistone Capital Pvt Ltd
Registrar Bigshare Services Pvt 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 Arkade Developers IPO is up to ₹410.00 Cr whereas the issue size of the Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

  Arkade Developers IPO Shree Tirupati Balajee IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹121.00 per share ₹78.00 per share
Issue Price (Upper) ₹128.00 per share ₹83.00 per share
Issue Price (Final) ₹128.00 per share ₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 110 shares 180 shares
Fresh Issue Size 3,20,31,250 shares 1,47,50,000 shares
Fresh Issue Size (Amount) up to ₹410.00 Cr up to ₹122.43 Cr
OFS Issue Size 56,90,000 shares
OFS Issue Size (Amount) up to ₹47.23 Cr
Issue Size Total 3,20,31,250 shares 2,04,40,000 shares
Issue Size Total (Amount) up to ₹410.00 Cr up to ₹169.65 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Arkade Developers IPO and Shree Tirupati Balajee IPO is Sep 19, 2024, and Sep 09, 2024, respectively.

  Arkade Developers IPO Shree Tirupati Balajee IPO
Anchor Bid Date Sep 13, 2024 Sep 04, 2024
Issue Open Sep 16, 2024 Sep 05, 2024
Issue Close Sep 19, 2024 Sep 09, 2024
Basis Of Allotment (Tentative) Sep 20, 2024 Sep 10, 2024
Initiation of Refunds (Tentative) Sep 23, 2024 Sep 11, 2024
Credit of Share (Tentative) Sep 23, 2024 Sep 11, 2024
Listing date (Tentative) Sep 24, 2024 Sep 12, 2024
Anchor Lockin End date 1 Oct 20, 2024 Oct 10, 2024
Anchor Lockin End date 2 Dec 19, 2024 Dec 09, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

  Arkade Developers IPO Shree Tirupati Balajee IPO
Financial

Arkade Developers Limited Financial Information (Restated Consolidated)

Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets575.01555.41369.97
Revenue635.71224.01237.18
Profit After Tax122.8150.7750.84
Net Worth323.4200.32149.5
Reserves and Surplus171.4198.32147.49
Total Borrowing69.4114964.41
Amount in ₹ Crore

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets516.94392.46391.89
Revenue552.82478.14453.79
Profit After Tax36.0720.7213.66
Net Worth173.07110.2192.23
Reserves and Surplus106.24109.05
Total Borrowing243.69223.81240.06
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 85.58% 88.38%
Promoter Shareholding (Post-Issue) 70.82% 65.42%
P/E Ratio 16.01 15.37
Market Cap ₹2376.41 Cr. ₹677.04 Cr.
ROE 46.90%% 20.84%%
ROCE 47.34%% 16.29%%
Debt/Equity 0.21 1.41
EPS ₹7.99 ₹5.40
RoNW 46.90%% 20.84%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Shree Tirupati Balajee IPO retail investors are offered 1,11,56,250 shares. Qualified institutional buyers (QIB) are offered 63,75,000 shares in Arkade Developers IPO and 40,88,000 shares in Shree Tirupati Balajee IPO.

  Arkade Developers IPO Shree Tirupati Balajee IPO
Anchor Investor Reserveration 95,62,500 shares 61,32,000 shares
Market Maker Reserveration
QIB 63,75,000 shares 40,88,000 shares
NII 47,81,250 shares 30,66,000 shares
RII 1,11,56,250 shares 71,54,000 shares
Employee 0 shares 0 shares
Others
Total 2,23,12,500 shares 1,43,08,000 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

  Arkade Developers IPO Shree Tirupati Balajee IPO
QIB (times) 172.60x 150.87x
NII (times) 172.22x 210.12x
Big NII (times) 169.95x 225.47x
Small NII (times) 176.76x 179.41x
RII (times) 53.78x 73.22x
Employee (times)
Other (times)
Total (times) 113.49x 124.74x

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