Arrowhead Seperation Engineering IPO vs Sunrest Lifescience IPO

Comparision between Arrowhead Seperation Engineering IPO and Sunrest Lifescience IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Sunrest Lifescience IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Aryaman Financial Services Limited	Mark Corporate Advisors Private Limited
Registrar	Cameo Corporate Services Limited	Skyline Financial Services Private Ltd
Market Maker	Aryaman Capital Markets Limited	Svcm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Sunrest Lifescience IPO is up to ₹10.85 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Sunrest Lifescience IPO is ₹84.00 per share.

	Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹233.00 per share	₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	5,58,000 shares	12,91,200 shares
Fresh Issue Size (Amount)	up to ₹13.00 Cr	up to ₹10.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	5,58,000 shares	12,91,200 shares
Issue Size Total (Amount)	up to ₹13.00 Cr	up to ₹10.85 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Sunrest Lifescience IPO opens on Nov 07, 2023. The closing date of Arrowhead Seperation Engineering IPO and Sunrest Lifescience IPO is Nov 20, 2023, and Nov 09, 2023, respectively.

	Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO
Anchor Bid Date
Issue Open	Nov 16, 2023	Nov 07, 2023
Issue Close	Nov 20, 2023	Nov 09, 2023
Basis Of Allotment (Tentative)	Nov 23, 2023	Nov 15, 2023
Initiation of Refunds (Tentative)	Nov 24, 2023	Nov 16, 2023
Credit of Share (Tentative)	Nov 28, 2023	Nov 17, 2023
Listing date (Tentative)	Nov 28, 2023	Nov 20, 2023
Anchor Lockin End date 1	Dec 23, 2023	Dec 15, 2023
Anchor Lockin End date 2	Feb 21, 2024	Feb 13, 2024

Financials

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Sunrest Lifescience IPO P/E ratio of 12.33.

Arrowhead Seperation Engineering IPO

Sunrest Lifescience 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

Sunrest Lifescience Limited Financial Information (Restated)

Sunrest Lifescience Limited's revenue decreased by -8.32% and profit after tax (PAT) rose by 162.91% 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	1,706.28	1,671.37	1,301.97	948.15
Revenue	563.58	2,467.05	2,690.99	1,694.91
Profit After Tax	75.08	204.31	77.71	16.55
Net Worth	386.60	311.52	107.20	29.49
Reserves and Surplus	86.60	11.52	106.20	28.49
Total Borrowing	347.32	214.32	323.83	231.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50%

100%

Promoter Shareholding (Post-Issue)

35.09%

69.91%

P/E Ratio

18.09

12.33

Market Cap

₹43.60 Cr.

₹36.05 Cr.

ROE

105%%

53%%

ROCE

30.94%%

98%%

Debt/Equity

3.3

0.64

EPS

₹12.88

₹6.81

RoNW

68.75%%

65.59%%

Shares Offered

In the Arrowhead Seperation Engineering IPO retail investors (RII) are offered 2,64,000 shares while in Sunrest Lifescience IPO retail investors are offered 2,64,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arrowhead Seperation Engineering IPO and 0 shares in Sunrest Lifescience IPO.

	Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO
Anchor Investor Reserveration
Market Maker Reserveration	30,000 shares	65,600 shares
QIB	0 shares	0 shares
NII	2,64,000 shares	6,12,800 shares
RII	2,64,000 shares	6,12,800 shares
Employee	0 shares	0 shares
Others
Total	5,28,000 shares	12,25,600 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Sunrest Lifescience IPO subscribed 48.54x.

	Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO
QIB (times)
NII (times)	46.02x	29.17x
Big NII (times)
Small NII (times)
RII (times)	142.30x	65.74x
Employee (times)
Other (times)
Total (times)	94.79x	48.54x

Compare with others

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

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