Arkade Developers IPO vs Shree Tirupati Balajee IPO

Comparision between Arkade Developers IPO and Shree Tirupati Balajee IPO.

IPO Details

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

	Arkade Developers IPO	Shree Tirupati Balajee 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	Pnb Investment Services Ltd Unistone Capital Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
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 Shree Tirupati Balajee IPO is up to ₹169.65 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Shree Tirupati Balajee IPO is ₹83.00 per share.

	Arkade Developers IPO	Shree Tirupati Balajee IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹78.00 per share
Issue Price (Upper)	₹128.00 per share	₹83.00 per share
Issue Price (Final)	₹128.00 per share	₹83.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares	180 shares
Fresh Issue Size	3,20,31,250 shares	1,47,50,000 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr	up to ₹122.43 Cr
OFS Issue Size		56,90,000 shares
OFS Issue Size (Amount)		up to ₹47.23 Cr
Issue Size Total	3,20,31,250 shares	2,04,40,000 shares
Issue Size Total (Amount)	up to ₹410.00 Cr	up to ₹169.65 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Shree Tirupati Balajee IPO opens on Sep 05, 2024. The closing date of Arkade Developers IPO and Shree Tirupati Balajee IPO is Sep 19, 2024, and Sep 09, 2024, respectively.

	Arkade Developers IPO	Shree Tirupati Balajee IPO
Anchor Bid Date	Sep 13, 2024	Sep 04, 2024
Issue Open	Sep 16, 2024	Sep 05, 2024
Issue Close	Sep 19, 2024	Sep 09, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 10, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 11, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 11, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 12, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 09, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 08, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to Shree Tirupati Balajee IPO P/E ratio of 15.37.

Arkade Developers IPO

Shree Tirupati Balajee 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

Shree Tirupati Balajee Agro Trading Company Limited Financial Information (Restated Consolidated)

Shree Tirupati Balajee Agro Trading Company Limited's revenue increased by 16% and profit after tax (PAT) rose by 74% 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	516.94	392.46	391.89
Revenue	552.82	478.14	453.79
Profit After Tax	36.07	20.72	13.66
Net Worth	173.07	110.21	92.23
Reserves and Surplus	106.24	109.05
Total Borrowing	243.69	223.81	240.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

88.38%

Promoter Shareholding (Post-Issue)

70.82%

65.42%

P/E Ratio

16.01

15.37

Market Cap

₹2376.41 Cr.

₹677.04 Cr.

ROE

46.90%%

20.84%%

ROCE

47.34%%

16.29%%

Debt/Equity

0.21

1.41

EPS

₹7.99

₹5.40

RoNW

46.90%%

20.84%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Shree Tirupati Balajee 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 40,88,000 shares in Shree Tirupati Balajee IPO.

	Arkade Developers IPO	Shree Tirupati Balajee IPO
Anchor Investor Reserveration	95,62,500 shares	61,32,000 shares
Market Maker Reserveration
QIB	63,75,000 shares	40,88,000 shares
NII	47,81,250 shares	30,66,000 shares
RII	1,11,56,250 shares	71,54,000 shares
Employee	0 shares	0 shares
Others
Total	2,23,12,500 shares	1,43,08,000 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Shree Tirupati Balajee IPO subscribed 124.74x.

	Arkade Developers IPO	Shree Tirupati Balajee IPO
QIB (times)	172.60x	150.87x
NII (times)	172.22x	210.12x
Big NII (times)	169.95x	225.47x
Small NII (times)	176.76x	179.41x
RII (times)	53.78x	73.22x
Employee (times)
Other (times)
Total (times)	113.49x	124.74x

Compare with others

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

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