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Northern Arc Capital IPO vs P N Gadgil Jewellers IPO

Comparision between Northern Arc Capital IPO and P N Gadgil Jewellers IPO.

IPO Details

Northern Arc Capital IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while P N Gadgil Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Northern Arc Capital IPO is up to ₹777.00 Cr whereas the issue size of the P N Gadgil Jewellers IPO is up to ₹1,100.00 Cr. The final issue price of Northern Arc Capital IPO is ₹263.00 per share and of P N Gadgil Jewellers IPO is ₹480.00 per share.

  Northern Arc Capital IPO P N Gadgil Jewellers IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹249.00 per share ₹456.00 per share
Issue Price (Upper) ₹263.00 per share ₹480.00 per share
Issue Price (Final) ₹263.00 per share ₹480.00 per share
Discount (Retail)
Discount (Employee) ₹24.00 per share
Market Lot Size 57 shares 31 shares
Fresh Issue Size 1,90,11,407 shares 1,77,08,334 shares
Fresh Issue Size (Amount) up to ₹500.00 Cr up to ₹850.00 Cr
OFS Issue Size 1,05,32,320 shares 52,08,333 shares
OFS Issue Size (Amount) up to ₹277.00 Cr up to ₹250.00 Cr
Issue Size Total 2,95,43,727 shares 2,29,16,667 shares
Issue Size Total (Amount) up to ₹777.00 Cr up to ₹1,100.00 Cr

IPO Timetable

Northern Arc Capital IPO opens on Sep 16, 2024, while P N Gadgil Jewellers IPO opens on Sep 10, 2024. The closing date of Northern Arc Capital IPO and P N Gadgil Jewellers IPO is Sep 19, 2024, and Sep 12, 2024, respectively.

  Northern Arc Capital IPO P N Gadgil Jewellers IPO
Anchor Bid Date Sep 13, 2024 Sep 09, 2024
Issue Open Sep 16, 2024 Sep 10, 2024
Issue Close Sep 19, 2024 Sep 12, 2024
Basis Of Allotment (Tentative) Sep 20, 2024 Sep 13, 2024
Initiation of Refunds (Tentative) Sep 23, 2024 Sep 16, 2024
Credit of Share (Tentative) Sep 23, 2024 Sep 16, 2024
Listing date (Tentative) Sep 24, 2024 Sep 17, 2024
Anchor Lockin End date 1 Oct 20, 2024 Oct 13, 2024
Anchor Lockin End date 2 Dec 19, 2024 Dec 12, 2024

Financials

Northern Arc Capital IPO P/E ratio is 11.78, as compared to P N Gadgil Jewellers IPO P/E ratio of 36.7.

  Northern Arc Capital IPO P N Gadgil Jewellers IPO
Financial

Northern Arc Capital Limited Financial Information (Restated Consolidated)

Northern Arc Capital Limited's revenue increased by 45% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets11,707.669,371.577,974.12
Revenue1,906.031,311.2916.55
Profit After Tax317.69242.21181.94
Net Worth2,314.351,955.391,739.04
Reserves and Surplus2,123.371,784.221,555.3
Total Borrowing9,047.767,034.575,982.96
Amount in ₹ Crore

P N Gadgil Jewellers Limited Financial Information (Restated Consolidated)

P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,464.981,062.551,110.24
Revenue6,119.14,559.312,586.31
Profit After Tax154.3493.769.52
Net Worth534.38365.73282.01
Reserves and Surplus255.53191.22
Total Borrowing396.5283.21294.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 100%
Promoter Shareholding (Post-Issue) 83.11 %
P/E Ratio 11.78 36.7
Market Cap ₹4242.86 Cr. ₹6514.00 Cr.
ROE 28.88%%
ROCE 27.31%%
Debt/Equity 3.9 0.74
EPS ₹22.32 ₹13.08
RoNW 13.32%% 28.88%%

Shares Offered

In the Northern Arc Capital IPO retail investors (RII) are offered 1,01,52,384 shares while in P N Gadgil Jewellers IPO retail investors are offered 1,01,52,384 shares. Qualified institutional buyers (QIB) are offered 58,01,354 shares in Northern Arc Capital IPO and 48,24,560 shares in P N Gadgil Jewellers IPO.

  Northern Arc Capital IPO P N Gadgil Jewellers IPO
Anchor Investor Reserveration 87,02,031 shares 68,74,999 shares
Market Maker Reserveration
QIB 58,01,354 shares 48,24,560 shares
NII 43,51,016 shares 36,18,421 shares
RII 1,01,52,384 shares 84,42,983 shares
Employee 0 shares 0 shares
Others
Total 2,03,04,754 shares 1,68,85,964 shares

Bids Received (Subscription)

Northern Arc Capital IPO subscribed 117.19x in total, whereas P N Gadgil Jewellers IPO subscribed 59.41x.

  Northern Arc Capital IPO P N Gadgil Jewellers IPO
QIB (times) 242.73x 136.85x
NII (times) 147.58x 56.08x
Big NII (times) 160.48x 59.11x
Small NII (times) 121.79x 50.03x
RII (times) 32.01x 16.58x
Employee (times)
Other (times)
Total (times) 117.19x 59.41x

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