Arkade Developers IPO vs Kross IPO

Comparision between Arkade Developers IPO and Kross IPO.

IPO Details

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

	Arkade Developers IPO	Kross 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	Equirus Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies 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 Arkade Developers IPO is up to ₹410.00 Cr whereas the issue size of the Kross IPO is up to ₹500.00 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Kross IPO is ₹240.00 per share.

	Arkade Developers IPO	Kross IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹121.00 per share	₹228.00 per share
Issue Price (Upper)	₹128.00 per share	₹240.00 per share
Issue Price (Final)	₹128.00 per share	₹240.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares	62 shares
Fresh Issue Size	3,20,31,250 shares	1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr	up to ₹250.00 Cr
OFS Issue Size		1,04,16,667 shares
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total	3,20,31,250 shares	2,08,33,334 shares
Issue Size Total (Amount)	up to ₹410.00 Cr	up to ₹500.00 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Arkade Developers IPO and Kross IPO is Sep 19, 2024, and Sep 11, 2024, respectively.

	Arkade Developers IPO	Kross 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 11, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 10, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to Kross IPO P/E ratio of 28.93.

Arkade Developers IPO

Kross 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

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% 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	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

100.00%

Promoter Shareholding (Post-Issue)

70.82%

67.7 %

P/E Ratio

16.01

28.93

Market Cap

₹2376.41 Cr.

₹1548.23 Cr.

ROE

46.90%%

30.57%%

ROCE

47.34%%

28.15%%

Debt/Equity

0.21

0.8

EPS

₹7.99

₹8.30

RoNW

46.90%%

30.57%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Kross 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 41,66,667 shares in Kross IPO.

	Arkade Developers IPO	Kross IPO
Anchor Investor Reserveration	95,62,500 shares	62,49,999 shares
Market Maker Reserveration
QIB	63,75,000 shares	41,66,667 shares
NII	47,81,250 shares	31,25,000 shares
RII	1,11,56,250 shares	72,91,666 shares
Employee	0 shares	0 shares
Others
Total	2,23,12,500 shares	1,45,83,333 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Kross IPO subscribed 17.66x.

	Arkade Developers IPO	Kross IPO
QIB (times)	172.60x	24.55x
NII (times)	172.22x	23.40x
Big NII (times)	169.95x	23.21x
Small NII (times)	176.76x	23.77x
RII (times)	53.78x	11.26x
Employee (times)
Other (times)
Total (times)	113.49x	17.66x

Compare with others

Arkade Developers IPO	Kross IPO
Hyundai Motor IPO	KRN Heat Exchanger IPO
Diffusion Engineers IPO	Northern Arc Capital IPO
Manba Finance IPO	Arkade Developers IPO
KRN Heat Exchanger IPO	Western Carriers (India) IPO
Northern Arc Capital IPO	P N Gadgil Jewellers IPO
Western Carriers (India) IPO	Tolins Tyres IPO
P N Gadgil Jewellers IPO	Shree Tirupati Balajee IPO
Kross IPO	Gala Precision Engineering IPO
Tolins Tyres IPO	Baazar Style Retail IPO
Shree Tirupati Balajee IPO	Bajaj Housing Finance IPO

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