Arkade Developers IPO vs Northern Arc Capital IPO

Comparision between Arkade Developers IPO and Northern Arc Capital IPO.

IPO Details

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

	Arkade Developers IPO	Northern Arc Capital 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	ICICI Securities Limited Axis Bank Limited Citigroup Global Markets India 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 Northern Arc Capital IPO is up to ₹777.00 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Northern Arc Capital IPO is ₹263.00 per share.

	Arkade Developers IPO	Northern Arc Capital IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹249.00 per share
Issue Price (Upper)	₹128.00 per share	₹263.00 per share
Issue Price (Final)	₹128.00 per share	₹263.00 per share
Discount (Retail)
Discount (Employee)		₹24.00 per share
Market Lot Size	110 shares	57 shares
Fresh Issue Size	3,20,31,250 shares	1,90,11,407 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr	up to ₹500.00 Cr
OFS Issue Size		1,05,32,320 shares
OFS Issue Size (Amount)		up to ₹277.00 Cr
Issue Size Total	3,20,31,250 shares	2,95,43,727 shares
Issue Size Total (Amount)	up to ₹410.00 Cr	up to ₹777.00 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Northern Arc Capital IPO opens on Sep 16, 2024. The closing date of Arkade Developers IPO and Northern Arc Capital IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

	Arkade Developers IPO	Northern Arc Capital IPO
Anchor Bid Date	Sep 13, 2024	Sep 13, 2024
Issue Open	Sep 16, 2024	Sep 16, 2024
Issue Close	Sep 19, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 18, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to Northern Arc Capital IPO P/E ratio of 11.78.

Arkade Developers IPO

Northern Arc Capital 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

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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,707.66	9,371.57	7,974.12
Revenue	1,906.03	1,311.2	916.55
Profit After Tax	317.69	242.21	181.94
Net Worth	2,314.35	1,955.39	1,739.04
Reserves and Surplus	2,123.37	1,784.22	1,555.3
Total Borrowing	9,047.76	7,034.57	5,982.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

Promoter Shareholding (Post-Issue)

70.82%

P/E Ratio

16.01

11.78

Market Cap

₹2376.41 Cr.

₹4242.86 Cr.

ROE

46.90%%

ROCE

47.34%%

Debt/Equity

0.21

3.9

EPS

₹7.99

₹22.32

RoNW

46.90%%

13.32%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Northern Arc Capital 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 58,01,354 shares in Northern Arc Capital IPO.

	Arkade Developers IPO	Northern Arc Capital IPO
Anchor Investor Reserveration	95,62,500 shares	87,02,031 shares
Market Maker Reserveration
QIB	63,75,000 shares	58,01,354 shares
NII	47,81,250 shares	43,51,016 shares
RII	1,11,56,250 shares	1,01,52,384 shares
Employee	0 shares	0 shares
Others
Total	2,23,12,500 shares	2,03,04,754 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Northern Arc Capital IPO subscribed 117.19x.

	Arkade Developers IPO	Northern Arc Capital IPO
QIB (times)	172.60x	242.73x
NII (times)	172.22x	147.58x
Big NII (times)	169.95x	160.48x
Small NII (times)	176.76x	121.79x
RII (times)	53.78x	32.01x
Employee (times)
Other (times)
Total (times)	113.49x	117.19x

Compare with others

Arkade Developers IPO	Northern Arc Capital IPO
Hyundai Motor IPO	Afcons Infrastructure IPO
Diffusion Engineers IPO	Hyundai Motor IPO
Manba Finance IPO	Diffusion Engineers IPO
KRN Heat Exchanger IPO	Manba Finance IPO
Northern Arc Capital IPO	KRN Heat Exchanger IPO
Western Carriers (India) IPO	Arkade Developers IPO
P N Gadgil Jewellers IPO	Western Carriers (India) IPO
Kross IPO	P N Gadgil Jewellers IPO
Tolins Tyres IPO	Kross IPO
Shree Tirupati Balajee IPO	Tolins Tyres IPO

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