Arrowhead Seperation Engineering IPO vs Swashthik Plascon IPO

Comparision between Arrowhead Seperation Engineering IPO and Swashthik Plascon IPO.

IPO Details

Arrowhead Seperation Engineering IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Swashthik Plascon IPO is a SME Book Built Issue proposed to list at BSE SME.

	Arrowhead Seperation Engineering IPO	Swashthik Plascon 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	Shreni Shares Limited
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Aryaman Capital Markets Limited	Nikunj Stock Brokers 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 Swashthik Plascon IPO is up to ₹40.76 Cr. The final issue price of Arrowhead Seperation Engineering IPO is ₹233.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

	Arrowhead Seperation Engineering IPO	Swashthik Plascon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹80.00 per share
Issue Price (Upper)		₹86.00 per share
Issue Price (Final)	₹233.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	1600 shares
Fresh Issue Size	5,58,000 shares	47,39,200 shares
Fresh Issue Size (Amount)	up to ₹13.00 Cr	up to ₹40.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	5,58,000 shares	47,39,200 shares
Issue Size Total (Amount)	up to ₹13.00 Cr	up to ₹40.76 Cr

IPO Timetable

Arrowhead Seperation Engineering IPO opens on Nov 16, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Arrowhead Seperation Engineering IPO and Swashthik Plascon IPO is Nov 20, 2023, and Nov 29, 2023, respectively.

	Arrowhead Seperation Engineering IPO	Swashthik Plascon IPO
Anchor Bid Date		Nov 23, 2023
Issue Open	Nov 16, 2023	Nov 24, 2023
Issue Close	Nov 20, 2023	Nov 29, 2023
Basis Of Allotment (Tentative)	Nov 23, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Nov 24, 2023	Dec 05, 2023
Credit of Share (Tentative)	Nov 28, 2023	Dec 05, 2023
Listing date (Tentative)	Nov 28, 2023	Dec 05, 2023
Anchor Lockin End date 1	Dec 23, 2023	Jan 03, 2024
Anchor Lockin End date 2	Feb 21, 2024	Mar 03, 2024

Financials

Arrowhead Seperation Engineering IPO P/E ratio is 18.09, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

Arrowhead Seperation Engineering IPO

Swashthik Plascon 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Revenue	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50%

60.00%

Promoter Shareholding (Post-Issue)

35.09%

43.81%

P/E Ratio

18.09

17.23

Market Cap

₹43.60 Cr.

₹151.05 Cr.

ROE

105%%

22.78%%

ROCE

30.94%%

17.30%%

Debt/Equity

3.3

2.89

EPS

₹12.88

₹4.99

RoNW

68.75%%

14.95%%

Shares Offered

In the Arrowhead Seperation Engineering IPO retail investors (RII) are offered 2,64,000 shares while in Swashthik Plascon IPO retail investors are offered 2,64,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arrowhead Seperation Engineering IPO and 9,00,800 shares in Swashthik Plascon IPO.

	Arrowhead Seperation Engineering IPO	Swashthik Plascon IPO
Anchor Investor Reserveration		13,48,800 shares
Market Maker Reserveration	30,000 shares	2,38,400 shares
QIB	0 shares	9,00,800 shares
NII	2,64,000 shares	6,75,200 shares
RII	2,64,000 shares	15,76,000 shares
Employee	0 shares	0 shares
Others
Total	5,28,000 shares	31,52,000 shares

Bids Received (Subscription)

Arrowhead Seperation Engineering IPO subscribed 94.79x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

	Arrowhead Seperation Engineering IPO	Swashthik Plascon IPO
QIB (times)		3.42x
NII (times)	46.02x	35.76x
Big NII (times)
Small NII (times)
RII (times)	142.30x	13.58x
Employee (times)
Other (times)
Total (times)	94.79x	15.43x

Compare with others

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

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