Arham Technologies IPO vs Droneacharya Aerial Innovations IPO

Comparision between Arham Technologies IPO and Droneacharya Aerial Innovations IPO.

IPO Details

Arham Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Droneacharya Aerial Innovations IPO is a SME Book Built Issue proposed to list at BSE SME.

	Arham Technologies IPO	Droneacharya Aerial Innovations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Corporate Capitalventures Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	R.K.Stock Holding 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 Arham Technologies IPO is up to ₹9.58 Cr whereas the issue size of the Droneacharya Aerial Innovations IPO is up to ₹33.97 Cr. The final issue price of Arham Technologies IPO is ₹42.00 per share and of Droneacharya Aerial Innovations IPO is ₹54.00 per share.

	Arham Technologies IPO	Droneacharya Aerial Innovations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹52.00 per share
Issue Price (Upper)		₹54.00 per share
Issue Price (Final)	₹42.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	22,80,000 shares	62,90,000 shares
Fresh Issue Size (Amount)	up to ₹9.58 Cr	up to ₹33.97 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,80,000 shares	62,90,000 shares
Issue Size Total (Amount)	up to ₹9.58 Cr	up to ₹33.97 Cr

IPO Timetable

Arham Technologies IPO opens on Dec 05, 2022, while Droneacharya Aerial Innovations IPO opens on Dec 13, 2022. The closing date of Arham Technologies IPO and Droneacharya Aerial Innovations IPO is Dec 07, 2022, and Dec 15, 2022, respectively.

	Arham Technologies IPO	Droneacharya Aerial Innovations IPO
Anchor Bid Date		Dec 12, 2022
Issue Open	Dec 05, 2022	Dec 13, 2022
Issue Close	Dec 07, 2022	Dec 15, 2022
Basis Of Allotment (Tentative)	Dec 12, 2022	Dec 20, 2022
Initiation of Refunds (Tentative)	Dec 13, 2022	Dec 21, 2022
Credit of Share (Tentative)	Dec 14, 2022	Dec 22, 2022
Listing date (Tentative)	Dec 15, 2022	Dec 23, 2022
Anchor Lockin End date 1	Jan 11, 2023	Jan 19, 2023
Anchor Lockin End date 2	Mar 12, 2023	Mar 20, 2023

Financials

Arham Technologies IPO P/E ratio is 13.82, as compared to Droneacharya Aerial Innovations IPO P/E ratio of 45.

Arham Technologies IPO

Droneacharya Aerial Innovations 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

Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.51	0	-2.3	0.91	0.82
31-Mar-21	119.13	1	-14.89	104.08	1.27
31-Mar-22	1546.52	358.74	40.65	1447.77	46.25
30-Jun-22	3402.62	308.96	72.06	3357.77	1.02
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

38.23%

Promoter Shareholding (Post-Issue)

73.05%

28.21%

P/E Ratio

13.82

Market Cap

₹35.53 Cr.

₹129.54 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 Droneacharya Aerial Innovations IPO retail investors are offered 10,83,000 shares. Qualified institutional buyers (QIB) are offered in Arham Technologies IPO and 11,94,000 shares in Droneacharya Aerial Innovations IPO.

	Arham Technologies IPO	Droneacharya Aerial Innovations IPO
Anchor Investor Reserveration		23,28,000 shares
Market Maker Reserveration	1,14,000 shares	3,16,000 shares
QIB		11,94,000 shares
NII	10,83,000 shares	12,14,000 shares
RII	10,83,000 shares	20,92,000 shares
Employee
Others
Total	21,66,000 shares	45,00,000 shares

Bids Received (Subscription)

Arham Technologies IPO subscribed 450.03x in total, whereas Droneacharya Aerial Innovations IPO subscribed 243.70x.

	Arham Technologies IPO	Droneacharya Aerial Innovations IPO
QIB (times)		46.21x
NII (times)	418.27x	287.80x
Big NII (times)
Small NII (times)
RII (times)	481.79x	330.82x
Employee (times)
Other (times)
Total (times)	450.03x	243.70x

Compare with others

Arham Technologies IPO	Droneacharya Aerial Innovations IPO
Uma Converter IPO	Homesfy Realty IPO
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Droneacharya Aerial Innovations IPO	Arihant Academy IPO
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AMBO Agritec IPO	Baheti Recycling Industries IPO
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