Arkade Developers IPO vs KRN Heat Exchanger IPO

Comparision between Arkade Developers IPO and KRN Heat Exchanger IPO.

IPO Details

Arkade Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KRN Heat Exchanger IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Arkade Developers IPO	KRN Heat Exchanger 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	Unistone Capital Pvt Ltd	Holani Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Arkade Developers IPO is up to ₹410.00 Cr whereas the issue size of the KRN Heat Exchanger IPO is . The final issue price of Arkade Developers IPO is ₹128.00 per share and of KRN Heat Exchanger IPO is .

	Arkade Developers IPO	KRN Heat Exchanger IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share
Issue Price (Upper)	₹128.00 per share
Issue Price (Final)	₹128.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares
Fresh Issue Size	3,20,31,250 shares	1,55,23,000 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	3,20,31,250 shares	1,55,23,000 shares
Issue Size Total (Amount)	up to ₹410.00 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while KRN Heat Exchanger IPO opens on Sep 25, 2024. The closing date of Arkade Developers IPO and KRN Heat Exchanger IPO is Sep 19, 2024, and Sep 27, 2024, respectively.

	Arkade Developers IPO	KRN Heat Exchanger IPO
Anchor Bid Date	Sep 13, 2024	Sep 24, 2024
Issue Open	Sep 16, 2024	Sep 25, 2024
Issue Close	Sep 19, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 23, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 24, 2024	Oct 03, 2024
Anchor Lockin End date 1	Oct 20, 2024
Anchor Lockin End date 2	Dec 19, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to KRN Heat Exchanger IPO P/E ratio of .

Arkade Developers IPO

KRN Heat Exchanger IPO

Financial

Arkade Developers Limited Financial Information (Restated Consolidated)

Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	575.01	555.41	369.97
Revenue	635.71	224.01	237.18
Profit After Tax	122.81	50.77	50.84
Net Worth	323.4	200.32	149.5
Reserves and Surplus	171.4	198.32	147.49
Total Borrowing	69.41	149	64.41
Amount in ₹ Crore

KRN Heat Exchanger and Refrigeration Limited Financial Information (Proforma Consolidated)

KRN Heat Exchanger and Refrigeration Limited's revenue increased by 25.47% and profit after tax (PAT) rose by 20.9% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	258.36	148.76	92.79
Revenue	313.54	249.89	158.23
Profit After Tax	39.07	32.31	10.59
Net Worth	131.65	59.57	25.53
Total Borrowing	59.69	36.64	22.12
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

94.39%

Promoter Shareholding (Post-Issue)

70.82%

P/E Ratio

16.01

Market Cap

₹2376.41 Cr.

ROE

46.90%%

40.86%%

ROCE

47.34%%

31.21%%

Debt/Equity

0.21

0.45

EPS

₹7.99

RoNW

46.90%%

29.68%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in KRN Heat Exchanger IPO retail investors are offered 1,11,56,250 shares. Qualified institutional buyers (QIB) are offered 63,75,000 shares in Arkade Developers IPO and in KRN Heat Exchanger IPO.

	Arkade Developers IPO	KRN Heat Exchanger IPO
Anchor Investor Reserveration	95,62,500 shares
Market Maker Reserveration
QIB	63,75,000 shares
NII	47,81,250 shares
RII	1,11,56,250 shares
Employee	0 shares
Others
Total	2,23,12,500 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 6.31x in total, whereas KRN Heat Exchanger IPO subscribed .

	Arkade Developers IPO	KRN Heat Exchanger IPO
QIB (times)	0.25x
NII (times)	8.42x
Big NII (times)	5.92x
Small NII (times)	13.43x
RII (times)	8.75x
Employee (times)
Other (times)
Total (times)	6.31x

Compare with others

Arkade Developers IPO	KRN Heat Exchanger IPO
KRN Heat Exchanger IPO	Northern Arc Capital IPO
Northern Arc Capital IPO	Arkade Developers IPO
Western Carriers (India) IPO	Western Carriers (India) IPO
P N Gadgil Jewellers IPO	P N Gadgil Jewellers IPO
Kross IPO	Kross IPO
Tolins Tyres IPO
Shree Tirupati Balajee IPO

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