Arihant Academy IPO vs Baheti Recycling Industries IPO

Comparision between Arihant Academy IPO and Baheti Recycling Industries IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Baheti Recycling Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arihant Academy IPO	Baheti Recycling Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Shreni Shares Limited	Hem Finlease 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 Arihant Academy IPO is up to ₹14.72 Cr whereas the issue size of the Baheti Recycling Industries IPO is up to ₹12.42 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of Baheti Recycling Industries IPO is ₹45.00 per share.

	Arihant Academy IPO	Baheti Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	16,35,200 shares	27,60,000 shares
Fresh Issue Size (Amount)	up to ₹14.72 Cr	up to ₹12.42 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,35,200 shares	27,60,000 shares
Issue Size Total (Amount)	up to ₹14.72 Cr	up to ₹12.42 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while Baheti Recycling Industries IPO opens on Nov 28, 2022. The closing date of Arihant Academy IPO and Baheti Recycling Industries IPO is Dec 21, 2022, and Nov 30, 2022, respectively.

	Arihant Academy IPO	Baheti Recycling Industries IPO
Anchor Bid Date
Issue Open	Dec 16, 2022	Nov 28, 2022
Issue Close	Dec 21, 2022	Nov 30, 2022
Basis Of Allotment (Tentative)	Dec 26, 2022	Dec 05, 2022
Initiation of Refunds (Tentative)	Dec 27, 2022	Dec 06, 2022
Credit of Share (Tentative)	Dec 28, 2022	Dec 07, 2022
Listing date (Tentative)	Dec 29, 2022	Dec 08, 2022
Anchor Lockin End date 1	Jan 25, 2023	Jan 04, 2023
Anchor Lockin End date 2	Mar 26, 2023	Mar 05, 2023

Financials

Arihant Academy IPO P/E ratio is 19.11, as compared to Baheti Recycling Industries IPO P/E ratio of 13.55.

Arihant Academy IPO

Baheti Recycling Industries IPO

Financial

Arihant Academy Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	814.3	1921.12	42.09	177.17	177.17	89.38
31-Mar-21	829.09	1409.77	112.56	289.73	289.73	48.98
31-Mar-22	1104.26	1531.97	201.86	491.59	491.59	127.6
Amount in ₹ Lakhs

Baheti Recycling Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4535.09	10595.84	19.19	1033.23	658	3118.89
31-Mar-21	6301	12780.02	47.78	1081.02	706.02	3789.61
31-Mar-22	8190.39	24926.06	291.98	1669.51	1213	5074.81
31-May-22	7939.48	5757	57.36	1726.87	1270.36	4536.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.98%

Promoter Shareholding (Post-Issue)

73.00%

73.37%

P/E Ratio

19.11

13.55

Market Cap

₹54.50 Cr.

₹46.66 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Arihant Academy IPO retail investors (RII) are offered 7,76,000 shares while in Baheti Recycling Industries IPO retail investors are offered 7,76,000 shares. Qualified institutional buyers (QIB) are offered in Arihant Academy IPO and in Baheti Recycling Industries IPO.

	Arihant Academy IPO	Baheti Recycling Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	83,200 shares	1,47,000 shares
QIB
NII	7,76,000 shares	13,05,000 shares
RII	7,76,000 shares	13,08,000 shares
Employee
Others
Total	15,52,000 shares	26,13,000 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas Baheti Recycling Industries IPO subscribed 347.53x.

	Arihant Academy IPO	Baheti Recycling Industries IPO
QIB (times)
NII (times)	242.89x	259.21x
Big NII (times)
Small NII (times)
RII (times)	228.85x	435.65x
Employee (times)
Other (times)
Total (times)	235.87x	347.53x

Compare with others

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All E Technologies IPO	Amiable Logistics IPO
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Baheti Recycling Industries IPO	Rite Zone Chemcon IPO

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