Arrowhead Seperation Engineering IPO vs Kalyani Cast Tech IPO

Comparision between Arrowhead Seperation Engineering IPO and Kalyani Cast Tech IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Kalyani Cast Tech IPO is a SME Book Built Issue proposed to list at BSE SME.

	Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Aryaman Financial Services Limited	Gretex Corporate Services Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Arrowhead Seperation Engineering IPO is up to ₹13.00 Cr whereas the issue size of the Kalyani Cast Tech IPO is up to ₹30.11 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Kalyani Cast Tech IPO is ₹139.00 per share.

	Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹137.00 per share
Issue Price (Upper)		₹139.00 per share
Issue Price (Final)	₹233.00 per share	₹139.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1000 shares
Fresh Issue Size	5,58,000 shares	21,66,000 shares
Fresh Issue Size (Amount)	up to ₹13.00 Cr	up to ₹30.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	5,58,000 shares	21,66,000 shares
Issue Size Total (Amount)	up to ₹13.00 Cr	up to ₹30.11 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Kalyani Cast Tech IPO opens on Nov 08, 2023. The closing date of Arrowhead Seperation Engineering IPO and Kalyani Cast Tech IPO is Nov 20, 2023, and Nov 10, 2023, respectively.

	Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
Anchor Bid Date		Nov 07, 2023
Issue Open	Nov 16, 2023	Nov 08, 2023
Issue Close	Nov 20, 2023	Nov 10, 2023
Basis Of Allotment (Tentative)	Nov 23, 2023	Nov 13, 2023
Initiation of Refunds (Tentative)	Nov 24, 2023	Nov 15, 2023
Credit of Share (Tentative)	Nov 28, 2023	Nov 17, 2023
Listing date (Tentative)	Nov 28, 2023	Nov 17, 2023
Anchor Lockin End date 1	Dec 23, 2023	Dec 13, 2023
Anchor Lockin End date 2	Feb 21, 2024	Feb 11, 2024

Financials

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Kalyani Cast Tech IPO P/E ratio of 8.67.

Arrowhead Seperation Engineering IPO

Kalyani Cast Tech IPO

Financial

Arrowhead Seperation Engineering Limited Financial Information (Restated)

Arrowhead Seperation Engineering Limited's revenue increased by 98.91% and profit after tax (PAT) rose by 1744.93% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,180.62	2,070.53	1,832.23	1,567.43
Revenue	881.71	2,171.57	1,091.73	916.63
Profit After Tax	64.34	169.18	9.17	-179.19
Net Worth	310.41	246.07	77.26	68.09
Reserves and Surplus	179.08	114.74	-3.56	-12.73
Total Borrowing	896.02	812.67	699.45	600.59
Amount in ₹ Lakhs

Kalyani Cast Tech Ltd Financial Information (Restated)

Kalyani Cast Tech Ltd's revenue increased by 28.08% and profit after tax (PAT) rose by 585.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,059.18	2,420.19	1,599.54	1,367.88
Revenue	2,467.85	6,336.46	4,947.12	1,135.26
Profit After Tax	293.64	803.79	117.33	35.36
Net Worth	1,717.65	1,424.01	620.22	502.89
Reserves and Surplus	1,216.20	922.56	118.77	1.44
Total Borrowing	581.92	342.05	269.87	498.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50%

100%

Promoter Shareholding (Post-Issue)

35.09%

69.83%

P/E Ratio

18.09

8.67

Market Cap

₹43.60 Cr.

₹99.81 Cr.

ROE

105%%

78.64%%

ROCE

30.94%%

67.56%%

Debt/Equity

3.3

0.34

EPS

₹12.88

₹16.03

RoNW

68.75%%

56.45%%

Shares Offered

In the Arrowhead Seperation Engineering IPO retail investors (RII) are offered 2,64,000 shares while in Kalyani Cast Tech IPO retail investors are offered 2,64,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arrowhead Seperation Engineering IPO and 3,61,000 shares in Kalyani Cast Tech IPO.

	Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
Anchor Investor Reserveration		5,40,000 shares
Market Maker Reserveration	30,000 shares	3,62,000 shares
QIB	0 shares	3,61,000 shares
NII	2,64,000 shares	2,71,000 shares
RII	2,64,000 shares	6,32,000 shares
Employee	0 shares	0 shares
Others
Total	5,28,000 shares	12,64,000 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Kalyani Cast Tech IPO subscribed 208.59x.

	Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
QIB (times)		66.35x
NII (times)	46.02x	439.20x
Big NII (times)
Small NII (times)
RII (times)	142.30x	190.95x
Employee (times)
Other (times)
Total (times)	94.79x	208.59x

Compare with others

Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO
AMIC Forging IPO	Net Avenue Technologies IPO
Net Avenue Technologies IPO	Deepak Chemtex IPO
Deepak Chemtex IPO	Swashthik Plascon IPO
Swashthik Plascon IPO	Rockingdeals Circular Economy IPO
Rockingdeals Circular Economy IPO	Arrowhead Seperation Engineering IPO
Kalyani Cast Tech IPO	ROX Hi-Tech IPO
ROX Hi-Tech IPO	Sunrest Lifescience IPO
Sunrest Lifescience IPO	Sheetal Universal IPO
Sheetal Universal IPO	Baba Food Processing IPO
Baba Food Processing IPO	Micropro Software Solutions IPO

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