Arabian Petroleum IPO vs Saakshi Medtech and Panels IPO

Comparision between Arabian Petroleum IPO and Saakshi Medtech and Panels IPO.

IPO Details

Arabian Petroleum IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Saakshi Medtech and Panels IPO is a SME Book Built Issue proposed to list at NSE SME.

	Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Hem Securities Limited
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Hem Finlease Private 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 Arabian Petroleum IPO is up to ₹20.24 Cr whereas the issue size of the Saakshi Medtech and Panels IPO is up to ₹45.16 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Saakshi Medtech and Panels IPO is ₹97.00 per share.

	Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹92.00 per share
Issue Price (Upper)		₹97.00 per share
Issue Price (Final)	₹70.00 per share	₹97.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	28,92,000 shares	46,56,000 shares
Fresh Issue Size (Amount)	up to ₹20.24 Cr	up to ₹45.16 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,92,000 shares	46,56,000 shares
Issue Size Total (Amount)	up to ₹20.24 Cr	up to ₹45.16 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Saakshi Medtech and Panels IPO opens on Sep 25, 2023. The closing date of Arabian Petroleum IPO and Saakshi Medtech and Panels IPO is Sep 27, 2023, and Sep 27, 2023, respectively.

	Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
Anchor Bid Date		Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 25, 2023
Issue Close	Sep 27, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 03, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 04, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 05, 2023
Listing date (Tentative)	Oct 09, 2023	Oct 03, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 02, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 01, 2024

Financials

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Saakshi Medtech and Panels IPO P/E ratio of 10.18.

Arabian Petroleum IPO

Saakshi Medtech and Panels IPO

Financial

Arabian Petroleum IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,031.88	7,134.94	7,650.88
Revenue	11,024.54	19,159.10	24,394.68
Profit After Tax	287.54	414.34	486.48
Net Worth	1,301.98	1,716.32	2,202.80
Reserves and Surplus	1,101.98	1,516.32	1,402.80
Total Borrowing	2,197.75	2,948.97	3,830.66

Amount in ₹ Lakhs

Saakshi Medtech and Panels IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,591.50	6,521.91	9,324.22
Revenue	6,022.17	9,169.35	12,220.19
Profit After Tax	220.08	937.59	1,238.30
Net Worth	2,048.17	2,985.77	4,224.07
Reserves and Surplus	1,788.17	2,725.77	3,964.07
Total Borrowing	2,199.44	1,635.78	2,007.45

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.45%

73.63%

P/E Ratio

11.51

10.18

Market Cap

₹76.24 Cr.

₹171.26 Cr.

ROE

22.08%%

34.35%%

ROCE

32.47%%

28.57%%

Debt/Equity

1.75

0.48

EPS

₹6.08

₹9.53

RoNW

22.08%%

29.32%%

Shares Offered

In the Arabian Petroleum IPO retail investors (RII) are offered 13,72,000 shares while in Saakshi Medtech and Panels IPO retail investors are offered 13,72,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arabian Petroleum IPO and 8,84,400 shares in Saakshi Medtech and Panels IPO.

	Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
Anchor Investor Reserveration		13,24,800 shares
Market Maker Reserveration	1,48,000 shares	2,35,200 shares
QIB	0 shares	8,84,400 shares
NII	13,72,000 shares	6,63,600 shares
RII	13,72,000 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	27,44,000 shares	30,96,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas Saakshi Medtech and Panels IPO subscribed 91.65x.

	Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
QIB (times)		37.35x
NII (times)	15.72x	200.78x
Big NII (times)
Small NII (times)
RII (times)	23.19x	75.88x
Employee (times)
Other (times)
Total (times)	19.91x	91.65x

Compare with others

Arabian Petroleum IPO	Saakshi Medtech and Panels IPO
Sharp Chucks And Machines IPO	Rajgor Castor Derivatives IPO
Kontor Space IPO	Arabian Petroleum IPO
Vishnusurya Projects and Infra IPO	Newjaisa Technologies IPO
E Factor Experiences IPO	Inspire Films IPO
Rajgor Castor Derivatives IPO	Goyal Salt IPO
Newjaisa Technologies IPO	Organic Recycling Systems IPO
Inspire Films IPO	Sunita Tools IPO
Goyal Salt IPO	Marco Cables & Conductors IPO
Saakshi Medtech and Panels IPO	Mangalam Alloys IPO
Organic Recycling Systems IPO	Master Components IPO

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