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Arkade Developers IPO vs Western Carriers (India) IPO

Comparision between Arkade Developers IPO and Western Carriers (India) IPO.

IPO Details

Arkade Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Arkade Developers IPO Western Carriers (India) IPO
Logo Arkade Developers IPO Logo Western Carriers (India) 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 Jm Financial Limited

Kotak Mahindra Capital Company Limited
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 Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

  Arkade Developers IPO Western Carriers (India) IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹121.00 per share ₹163.00 per share
Issue Price (Upper) ₹128.00 per share ₹172.00 per share
Issue Price (Final) ₹128.00 per share ₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 110 shares 87 shares
Fresh Issue Size 3,20,31,250 shares 2,32,55,813 shares
Fresh Issue Size (Amount) up to ₹410.00 Cr up to ₹400.00 Cr
OFS Issue Size 54,00,000 shares
OFS Issue Size (Amount) up to ₹92.88 Cr
Issue Size Total 3,20,31,250 shares 2,86,55,813 shares
Issue Size Total (Amount) up to ₹410.00 Cr up to ₹492.88 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Arkade Developers IPO and Western Carriers (India) IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

  Arkade Developers IPO Western Carriers (India) IPO
Anchor Bid Date Sep 13, 2024 Sep 12, 2024
Issue Open Sep 16, 2024 Sep 13, 2024
Issue Close Sep 19, 2024 Sep 19, 2024
Basis Of Allotment (Tentative) Sep 20, 2024 Sep 20, 2024
Initiation of Refunds (Tentative) Sep 23, 2024 Sep 23, 2024
Credit of Share (Tentative) Sep 23, 2024 Sep 23, 2024
Listing date (Tentative) Sep 24, 2024 Sep 24, 2024
Anchor Lockin End date 1 Oct 20, 2024 Oct 19, 2024
Anchor Lockin End date 2 Dec 19, 2024 Dec 18, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

  Arkade Developers IPO Western Carriers (India) 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

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets754.01604.14490.33
Revenue1,691.411,637.841,475.79
Profit After Tax80.3571.5761.13
Net Worth398.36318.61257.58
Reserves and Surplus359.01279.08157.12
Total Borrowing266210.47150.4
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 85.58% 99.99%
Promoter Shareholding (Post-Issue) 70.82% 71.89%
P/E Ratio 16.01 16.85
Market Cap ₹2376.41 Cr. ₹1753.63 Cr.
ROE 46.90%% 22.41%%
ROCE 47.34%% 29.23%%
Debt/Equity 0.21 0.67
EPS ₹7.99 ₹10.21
RoNW 46.90%% 20.17%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Western Carriers (India) 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 57,31,163 shares in Western Carriers (India) IPO.

  Arkade Developers IPO Western Carriers (India) IPO
Anchor Investor Reserveration 95,62,500 shares 85,96,743 shares
Market Maker Reserveration
QIB 63,75,000 shares 57,31,163 shares
NII 47,81,250 shares 42,98,372 shares
RII 1,11,56,250 shares 1,00,29,535 shares
Employee 0 shares 0 shares
Others
Total 2,23,12,500 shares 2,00,59,070 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

  Arkade Developers IPO Western Carriers (India) IPO
QIB (times) 172.60x 28.81x
NII (times) 172.22x 46.68x
Big NII (times) 169.95x 41.65x
Small NII (times) 176.76x 56.73x
RII (times) 53.78x 26.92x
Employee (times)
Other (times)
Total (times) 113.49x 31.69x

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