Arham Technologies IPO vs Arihant Academy IPO

Comparision between Arham Technologies IPO and Arihant Academy IPO.

IPO Details

Arham Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Arihant Academy IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arham Technologies IPO	Arihant Academy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Finshore Management Services Limited	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Shreni Shares 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 Arham Technologies IPO is up to ₹9.58 Cr whereas the issue size of the Arihant Academy IPO is up to ₹14.72 Cr. The final issue price of Arham Technologies IPO is ₹42.00 per share and of Arihant Academy IPO is ₹90.00 per share.

	Arham Technologies IPO	Arihant Academy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹90.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	22,80,000 shares	16,35,200 shares
Fresh Issue Size (Amount)	up to ₹9.58 Cr	up to ₹14.72 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,80,000 shares	16,35,200 shares
Issue Size Total (Amount)	up to ₹9.58 Cr	up to ₹14.72 Cr

IPO Timetable

Arham Technologies IPO opens on Dec 05, 2022, while Arihant Academy IPO opens on Dec 16, 2022. The closing date of Arham Technologies IPO and Arihant Academy IPO is Dec 07, 2022, and Dec 21, 2022, respectively.

	Arham Technologies IPO	Arihant Academy IPO
Anchor Bid Date
Issue Open	Dec 05, 2022	Dec 16, 2022
Issue Close	Dec 07, 2022	Dec 21, 2022
Basis Of Allotment (Tentative)	Dec 12, 2022	Dec 26, 2022
Initiation of Refunds (Tentative)	Dec 13, 2022	Dec 27, 2022
Credit of Share (Tentative)	Dec 14, 2022	Dec 28, 2022
Listing date (Tentative)	Dec 15, 2022	Dec 29, 2022
Anchor Lockin End date 1	Jan 11, 2023	Jan 25, 2023
Anchor Lockin End date 2	Mar 12, 2023	Mar 26, 2023

Financials

Arham Technologies IPO P/E ratio is 13.82, as compared to Arihant Academy IPO P/E ratio of 19.11.

Arham Technologies IPO

Arihant Academy IPO

Financial

Arham Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	977.71	1379.28	56.51	164.75	1.67	730.68
31-Mar-21	1542.22	2280.11	203.76	411.44	205.44	813.38
31-Mar-22	2314.27	3727.37	302.01	713.44	507.44	1032.89
30-Sep-22	2657.5	2140.06	128.37	841.81	223.81	1212.91
Amount in ₹ Lakhs

Arihant Academy Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	814.3	1921.12	42.09	177.17	177.17	89.38
31-Mar-21	829.09	1409.77	112.56	289.73	289.73	48.98
31-Mar-22	1104.26	1531.97	201.86	491.59	491.59	127.6
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.05%

73.00%

P/E Ratio

13.82

19.11

Market Cap

₹35.53 Cr.

₹54.50 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Arham Technologies IPO retail investors (RII) are offered 10,83,000 shares while in Arihant Academy IPO retail investors are offered 10,83,000 shares. Qualified institutional buyers (QIB) are offered in Arham Technologies IPO and in Arihant Academy IPO.

	Arham Technologies IPO	Arihant Academy IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,14,000 shares	83,200 shares
QIB
NII	10,83,000 shares	7,76,000 shares
RII	10,83,000 shares	7,76,000 shares
Employee
Others
Total	21,66,000 shares	15,52,000 shares

Bids Received (Subscription)

Arham Technologies IPO subscribed 450.03x in total, whereas Arihant Academy IPO subscribed 235.87x.

	Arham Technologies IPO	Arihant Academy IPO
QIB (times)
NII (times)	418.27x	242.89x
Big NII (times)
Small NII (times)
RII (times)	481.79x	228.85x
Employee (times)
Other (times)
Total (times)	450.03x	235.87x

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