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Northern Arc Capital IPO vs Tolins Tyres IPO

Comparision between Northern Arc Capital IPO and Tolins Tyres IPO.

IPO Details

Northern Arc Capital IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Northern Arc Capital IPO Tolins Tyres IPO
Logo Northern Arc Capital IPO Logo Tolins Tyres 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 ICICI Securities Limited

Axis Bank Limited

Citigroup Global Markets India Private Limited
Saffron Capital Advisors Private Limited
Registrar Kfin Technologies Limited Cameo Corporate Services Limited
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 Northern Arc Capital IPO is up to ₹777.00 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Northern Arc Capital IPO is ₹263.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

  Northern Arc Capital IPO Tolins Tyres IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹249.00 per share ₹215.00 per share
Issue Price (Upper) ₹263.00 per share ₹226.00 per share
Issue Price (Final) ₹263.00 per share ₹226.00 per share
Discount (Retail)
Discount (Employee) ₹24.00 per share
Market Lot Size 57 shares 66 shares
Fresh Issue Size 1,90,11,407 shares 88,49,558 shares
Fresh Issue Size (Amount) up to ₹500.00 Cr up to ₹200.00 Cr
OFS Issue Size 1,05,32,320 shares 13,27,434 shares
OFS Issue Size (Amount) up to ₹277.00 Cr up to ₹30.00 Cr
Issue Size Total 2,95,43,727 shares 1,01,76,992 shares
Issue Size Total (Amount) up to ₹777.00 Cr up to ₹230.00 Cr

IPO Timetable

Northern Arc Capital IPO opens on Sep 16, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Northern Arc Capital IPO and Tolins Tyres IPO is Sep 19, 2024, and Sep 11, 2024, respectively.

  Northern Arc Capital IPO Tolins Tyres IPO
Anchor Bid Date Sep 13, 2024 Sep 06, 2024
Issue Open Sep 16, 2024 Sep 09, 2024
Issue Close Sep 19, 2024 Sep 11, 2024
Basis Of Allotment (Tentative) Sep 20, 2024 Sep 12, 2024
Initiation of Refunds (Tentative) Sep 23, 2024 Sep 13, 2024
Credit of Share (Tentative) Sep 23, 2024 Sep 13, 2024
Listing date (Tentative) Sep 24, 2024 Sep 16, 2024
Anchor Lockin End date 1 Oct 20, 2024 Oct 12, 2024
Anchor Lockin End date 2 Dec 19, 2024 Dec 11, 2024

Financials

Northern Arc Capital IPO P/E ratio is 11.78, as compared to Tolins Tyres IPO P/E ratio of 26.64.

  Northern Arc Capital IPO Tolins Tyres 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

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets221.6
Revenue228.69
Profit After Tax26.01
Net Worth100.53
Reserves and Surplus85.07
Total Borrowing78.77
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 92.64%
Promoter Shareholding (Post-Issue) 68.53%
P/E Ratio 11.78 26.64
Market Cap ₹4242.86 Cr. ₹892.90 Cr.
ROE 25.87%%
ROCE 36.08%%
Debt/Equity 3.9 0.78
EPS ₹22.32 ₹8.48
RoNW 13.32%% 25.87%%

Shares Offered

In the Northern Arc Capital IPO retail investors (RII) are offered 1,01,52,384 shares while in Tolins Tyres 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 20,35,398 shares in Tolins Tyres IPO.

  Northern Arc Capital IPO Tolins Tyres IPO
Anchor Investor Reserveration 87,02,031 shares 30,53,097 shares
Market Maker Reserveration
QIB 58,01,354 shares 20,35,398 shares
NII 43,51,016 shares 15,26,549 shares
RII 1,01,52,384 shares 35,61,947 shares
Employee 0 shares 0 shares
Others
Total 2,03,04,754 shares 71,23,894 shares

Bids Received (Subscription)

Northern Arc Capital IPO subscribed 117.19x in total, whereas Tolins Tyres IPO subscribed 25.03x.

  Northern Arc Capital IPO Tolins Tyres IPO
QIB (times) 242.73x 26.72x
NII (times) 147.58x 28.80x
Big NII (times) 160.48x 26.39x
Small NII (times) 121.79x 33.63x
RII (times) 32.01x 22.45x
Employee (times)
Other (times)
Total (times) 117.19x 25.03x

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