Archean Chemical IPO vs Bikaji Foods IPO

Comparision between Archean Chemical IPO and Bikaji Foods IPO.

IPO Details

Archean Chemical IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bikaji Foods IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Archean Chemical IPO	Bikaji Foods 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	Iifl Securities Ltd ICICI Securities Limited Jm Financial Limited	Jm Financial Limited Axis Capital Limited Iifl Securities Ltd Intensive Fiscal Services Private Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private 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 Archean Chemical IPO is up to ₹1,462.31 Cr whereas the issue size of the Bikaji Foods IPO is up to ₹881.22 Cr. The final issue price of Archean Chemical IPO is ₹407.00 per share and of Bikaji Foods IPO is ₹300.00 per share.

	Archean Chemical IPO	Bikaji Foods IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹386.00 per share	₹285.00 per share
Issue Price (Upper)	₹407.00 per share	₹300.00 per share
Issue Price (Final)	₹407.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)		₹15.00 per share
Market Lot Size	36 shares	50 shares
Fresh Issue Size	1,97,78,870 shares
Fresh Issue Size (Amount)	up to ₹805.00 Cr
OFS Issue Size	1,61,50,000 shares	2,93,73,984 shares
OFS Issue Size (Amount)	up to ₹657.31 Cr	up to ₹881.22 Cr
Issue Size Total	3,59,28,870 shares	2,93,73,984 shares
Issue Size Total (Amount)	up to ₹1,462.31 Cr	up to ₹881.22 Cr

IPO Timetable

Archean Chemical IPO opens on Nov 09, 2022, while Bikaji Foods IPO opens on Nov 03, 2022. The closing date of Archean Chemical IPO and Bikaji Foods IPO is Nov 11, 2022, and Nov 07, 2022, respectively.

	Archean Chemical IPO	Bikaji Foods IPO
Anchor Bid Date
Issue Open	Nov 09, 2022	Nov 03, 2022
Issue Close	Nov 11, 2022	Nov 07, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Nov 11, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Nov 14, 2022
Credit of Share (Tentative)	Nov 18, 2022	Nov 15, 2022
Listing date (Tentative)	Nov 21, 2022	Nov 16, 2022
Anchor Lockin End date 1	Dec 16, 2022	Dec 11, 2022
Anchor Lockin End date 2	Feb 14, 2023	Feb 09, 2023

Financials

Archean Chemical IPO P/E ratio is 16.78, as compared to Bikaji Foods IPO P/E ratio of 119.05.

Archean Chemical IPO

Bikaji Foods IPO

Financial

Archean Chemical Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1260.51	572.91	39.97	42.37	772.02
31-Mar-20	1428.6	617	-36.24	5.97	929.26
31-Mar-22	1529.68	1142.83	188.58	261.06	921.87
30-Jun-22	1606.65	408.82	84.41	345.44	915.58
Amount in ₹ Crore

Bikaji Foods International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	630.9	910.65	50.93	469.77	72.31
31-Mar-20	676.64	1082.9	56.37	529.16	52.3
31-Mar-21	817.15	1322.21	90.34	604.1	86.15
30-Jun-21	871.96	337.08	12.41	618.45	101.13
31-Mar-22	1102.13	1621.45	76.03	819.26	141.23
30-Jun-22	1146.28	423.82	15.7	834.8	156.39
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

65.58%

77.97%

Promoter Shareholding (Post-Issue)

53.41%

75.96%

P/E Ratio

16.78

119.05

Market Cap

₹5665.56 Cr.

₹7485.30 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Archean Chemical IPO retail investors (RII) are offered 37,00,492 shares while in Bikaji Foods IPO retail investors are offered 37,00,492 shares. Qualified institutional buyers (QIB) are offered 1,07,06,095 shares in Archean Chemical IPO and 58,24,797 shares in Bikaji Foods IPO.

	Archean Chemical IPO	Bikaji Foods IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,07,06,095 shares	58,24,797 shares
NII	55,50,738 shares	43,68,598 shares
RII	37,00,492 shares	1,01,93,395 shares
Employee	0 shares	2,50,000 shares
Others
Total	1,99,57,325 shares	2,06,36,790 shares

Bids Received (Subscription)

Archean Chemical IPO subscribed 32.23x in total, whereas Bikaji Foods IPO subscribed 26.67x.

	Archean Chemical IPO	Bikaji Foods IPO
QIB (times)	48.91x	80.63x
NII (times)	14.90x	7.10x
Big NII (times)	16.90x	7.47x
Small NII (times)	10.92x	6.34x
RII (times)	9.96x	4.77x
Employee (times)		4.38x
Other (times)
Total (times)	32.23x	26.67x

Compare with others

Archean Chemical IPO	Bikaji Foods IPO
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Keystone Realtors IPO	Inox Green Energy IPO
Inox Green Energy IPO	Archean Chemical IPO
Bikaji Foods IPO	Fusion Micro Finance IPO
Fusion Micro Finance IPO	Global Health IPO
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Five Star Business Finance IPO	Uniparts India IPO
Uniparts India IPO	Kaynes Technology IPO

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