Arkade Developers IPO vs Western Carriers (India) IPO

Comparision between Arkade Developers IPO and Western Carriers (India) IPO.

IPO Details

Arkade Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Arkade Developers IPO	Western Carriers (India) 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	Jm Financial Limited Kotak Mahindra Capital Company Limited
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 Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Arkade Developers IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹121.00 per share	₹163.00 per share
Issue Price (Upper)	₹128.00 per share	₹172.00 per share
Issue Price (Final)	₹128.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	110 shares	87 shares
Fresh Issue Size	3,20,31,250 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr	up to ₹400.00 Cr
OFS Issue Size		54,00,000 shares
OFS Issue Size (Amount)		up to ₹92.88 Cr
Issue Size Total	3,20,31,250 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹410.00 Cr	up to ₹492.88 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Arkade Developers IPO and Western Carriers (India) IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

	Arkade Developers IPO	Western Carriers (India) IPO
Anchor Bid Date	Sep 13, 2024	Sep 12, 2024
Issue Open	Sep 16, 2024	Sep 13, 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 Western Carriers (India) IPO P/E ratio of 16.85.

Arkade Developers IPO

Western Carriers (India) 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

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% 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	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

99.99%

Promoter Shareholding (Post-Issue)

70.82%

71.89%

P/E Ratio

16.01

16.85

Market Cap

₹2376.41 Cr.

₹1753.63 Cr.

ROE

46.90%%

22.41%%

ROCE

47.34%%

29.23%%

Debt/Equity

0.21

0.67

EPS

₹7.99

₹10.21

RoNW

46.90%%

20.17%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in Western Carriers (India) 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 57,31,163 shares in Western Carriers (India) IPO.

	Arkade Developers IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	95,62,500 shares	85,96,743 shares
Market Maker Reserveration
QIB	63,75,000 shares	57,31,163 shares
NII	47,81,250 shares	42,98,372 shares
RII	1,11,56,250 shares	1,00,29,535 shares
Employee	0 shares	0 shares
Others
Total	2,23,12,500 shares	2,00,59,070 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Arkade Developers IPO	Western Carriers (India) IPO
QIB (times)	172.60x	28.81x
NII (times)	172.22x	46.68x
Big NII (times)	169.95x	41.65x
Small NII (times)	176.76x	56.73x
RII (times)	53.78x	26.92x
Employee (times)
Other (times)
Total (times)	113.49x	31.69x

Compare with others

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

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