Arrowhead Seperation Engineering IPO vs ROX Hi-Tech IPO

Comparision between Arrowhead Seperation Engineering IPO and ROX Hi-Tech IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Book Built Issue IPO proposed to list at BSE SME while ROX Hi-Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Swaraj shares and securities private limited
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Share India Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Arrowhead Seperation Engineering IPO is up to ₹13.00 Cr whereas the issue size of the ROX Hi-Tech IPO is up to ₹54.49 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of ROX Hi-Tech IPO is ₹83.00 per share.

	Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹83.00 per share
Issue Price (Final)	₹233.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	5,58,000 shares	60,17,600 shares
Fresh Issue Size (Amount)	up to ₹13.00 Cr	up to ₹49.95 Cr
OFS Issue Size		5,47,200 shares
OFS Issue Size (Amount)		up to ₹4.54 Cr
Issue Size Total	5,58,000 shares	65,64,800 shares
Issue Size Total (Amount)	up to ₹13.00 Cr	up to ₹54.49 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while ROX Hi-Tech IPO opens on Nov 07, 2023. The closing date of Arrowhead Seperation Engineering IPO and ROX Hi-Tech IPO is Nov 20, 2023, and Nov 09, 2023, respectively.

	Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
Anchor Bid Date		Nov 06, 2023
Issue Open	Nov 16, 2023	Nov 07, 2023
Issue Close	Nov 20, 2023	Nov 09, 2023
Basis Of Allotment (Tentative)	Nov 23, 2023	Nov 15, 2023
Initiation of Refunds (Tentative)	Nov 24, 2023	Nov 16, 2023
Credit of Share (Tentative)	Nov 28, 2023	Nov 16, 2023
Listing date (Tentative)	Nov 28, 2023	Nov 16, 2023
Anchor Lockin End date 1	Dec 23, 2023	Dec 15, 2023
Anchor Lockin End date 2	Feb 21, 2024	Feb 13, 2024

Financials

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to ROX Hi-Tech IPO P/E ratio of 9.11.

Arrowhead Seperation Engineering IPO

ROX Hi-Tech IPO

Financial

Arrowhead Seperation Engineering Limited Financial Information (Restated)

Arrowhead Seperation Engineering Limited's revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,180.62	2,070.53	1,832.23	1,567.43
Revenue	881.71	2,171.57	1,091.73	916.63
Profit After Tax	64.34	169.18	9.17	-179.19
Net Worth	310.41	246.07	77.26	68.09
Reserves and Surplus	179.08	114.74	-3.56	-12.73
Total Borrowing	896.02	812.67	699.45	600.59
Amount in ₹ Lakhs

ROX Hi-Tech Limited Financial Information (Restated)

ROX Hi-Tech Limited's revenue increased by 30.12% and profit after tax (PAT) rose by 913.13% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,010.87	6,103.26	3,866.72	3,887.58
Revenue	5,001.20	13,398.85	10,297.25	6,547.94
Profit After Tax	675.89	1,532.97	151.31	66.15
Net Worth	3,090.93	2,415.03	882.06	730.75
Reserves and Surplus	1,409.05	1,667.53	134.56	405.75
Total Borrowing	2,838.79	2,258.36	1,794.59	1,135.32
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50%

83.29%

Promoter Shareholding (Post-Issue)

35.09%

P/E Ratio

18.09

9.11

Market Cap

₹43.60 Cr.

₹189.52 Cr.

ROE

105%%

63.48%%

ROCE

30.94%%

50.17%%

Debt/Equity

3.3

0.94

EPS

₹12.88

₹9.11

RoNW

68.75%%

63.48%%

Shares Offered

In the Arrowhead Seperation Engineering IPO retail investors (RII) are offered 2,64,000 shares while in ROX Hi-Tech IPO retail investors are offered 2,64,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arrowhead Seperation Engineering IPO and 10,51,200 shares in ROX Hi-Tech IPO.

	Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
Anchor Investor Reserveration		15,80,800 shares
Market Maker Reserveration	30,000 shares	8,48,000 shares
QIB	0 shares	10,51,200 shares
NII	2,64,000 shares	8,96,000 shares
RII	2,64,000 shares	21,93,600 shares
Employee	0 shares	0 shares
Others
Total	5,28,000 shares	41,40,800 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas ROX Hi-Tech IPO subscribed 214.44x.

	Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
QIB (times)		106.25x
NII (times)	46.02x	366.86x
Big NII (times)
Small NII (times)
RII (times)	142.30x	204.02x
Employee (times)
Other (times)
Total (times)	94.79x	214.44x

Compare with others

Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
AMIC Forging IPO	Deepak Chemtex IPO
Net Avenue Technologies IPO	Swashthik Plascon IPO
Deepak Chemtex IPO	Rockingdeals Circular Economy IPO
Swashthik Plascon IPO	Arrowhead Seperation Engineering IPO
Rockingdeals Circular Economy IPO	Kalyani Cast Tech IPO
Kalyani Cast Tech IPO	Sunrest Lifescience IPO
ROX Hi-Tech IPO	Sheetal Universal IPO
Sunrest Lifescience IPO	Baba Food Processing IPO
Sheetal Universal IPO	Micropro Software Solutions IPO
Baba Food Processing IPO	SAR Televenture IPO

Comments

Add a public comment...