Arrowhead Seperation Engineering IPO vs Sheetal Universal IPO

Comparision between Arrowhead Seperation Engineering IPO and Sheetal Universal IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sheetal Universal IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arrowhead Seperation Engineering IPO	Sheetal Universal IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Spread X Securities Private 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 Arrowhead Seperation Engineering IPO is up to ₹13.00 Cr whereas the issue size of the Sheetal Universal IPO is up to ₹23.80 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Sheetal Universal IPO is ₹70.00 per share.

	Arrowhead Seperation Engineering IPO	Sheetal Universal IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹233.00 per share	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	2000 shares
Fresh Issue Size	5,58,000 shares	34,00,000 shares
Fresh Issue Size (Amount)	up to ₹13.00 Cr	up to ₹23.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	5,58,000 shares	34,00,000 shares
Issue Size Total (Amount)	up to ₹13.00 Cr	up to ₹23.80 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Sheetal Universal IPO opens on Dec 04, 2023. The closing date of Arrowhead Seperation Engineering IPO and Sheetal Universal IPO is Nov 20, 2023, and Dec 06, 2023, respectively.

	Arrowhead Seperation Engineering IPO	Sheetal Universal IPO
Anchor Bid Date
Issue Open	Nov 16, 2023	Dec 04, 2023
Issue Close	Nov 20, 2023	Dec 06, 2023
Basis Of Allotment (Tentative)	Nov 23, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Nov 24, 2023	Dec 08, 2023
Credit of Share (Tentative)	Nov 28, 2023	Dec 08, 2023
Listing date (Tentative)	Nov 28, 2023	Dec 11, 2023
Anchor Lockin End date 1	Dec 23, 2023	Jan 06, 2024
Anchor Lockin End date 2	Feb 21, 2024	Mar 06, 2024

Financials

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Sheetal Universal IPO P/E ratio of 27.34.

Arrowhead Seperation Engineering IPO

Sheetal Universal 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

Sheetal Universal Limited Financial Information (Restated Consolidated)

Sheetal Universal Limited's revenue increased by 230.49% and profit after tax (PAT) rose by 602.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,370.03	2,804.02	1,602.82	1,272.15
Revenue	5,826.93	13,165.68	3,983.67	3,883.53
Profit After Tax	187.67	198.85	28.31	25.41
Net Worth	1,046.89	649.22	450.37	422.07
Reserves and Surplus	241.29	299.22	100.37	72.07
Total Borrowing	1,463.22	1,356.24	984.80	625.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50%

95%

Promoter Shareholding (Post-Issue)

35.09%

66.81%

P/E Ratio

18.09

27.34

Market Cap

₹43.60 Cr.

₹80.19 Cr.

ROE

105%%

36.17%%

ROCE

30.94%%

21.59%%

Debt/Equity

3.3

2.09

EPS

₹12.88

₹2.56

RoNW

68.75%%

30.63%%

Shares Offered

In the Arrowhead Seperation Engineering IPO retail investors (RII) are offered 2,64,000 shares while in Sheetal Universal IPO retail investors are offered 2,64,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arrowhead Seperation Engineering IPO and 0 shares in Sheetal Universal IPO.

	Arrowhead Seperation Engineering IPO	Sheetal Universal IPO
Anchor Investor Reserveration
Market Maker Reserveration	30,000 shares	1,72,000 shares
QIB	0 shares	0 shares
NII	2,64,000 shares	16,14,000 shares
RII	2,64,000 shares	16,14,000 shares
Employee	0 shares	0 shares
Others
Total	5,28,000 shares	32,28,000 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Sheetal Universal IPO subscribed 179.20x.

	Arrowhead Seperation Engineering IPO	Sheetal Universal IPO
QIB (times)
NII (times)	46.02x	212.55x
Big NII (times)
Small NII (times)
RII (times)	142.30x	129.73x
Employee (times)
Other (times)
Total (times)	94.79x	179.20x

Compare with others

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

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