Arihant Academy IPO vs Homesfy Realty IPO

Comparision between Arihant Academy IPO and Homesfy Realty IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Homesfy Realty IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arihant Academy IPO	Homesfy Realty 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	Sarthi Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Rikhav Securities 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 Homesfy Realty IPO is up to ₹15.86 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of Homesfy Realty IPO is ₹197.00 per share.

	Arihant Academy IPO	Homesfy Realty IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹197.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	16,35,200 shares	8,05,200 shares
Fresh Issue Size (Amount)	up to ₹14.72 Cr	up to ₹15.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,35,200 shares	8,05,200 shares
Issue Size Total (Amount)	up to ₹14.72 Cr	up to ₹15.86 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while Homesfy Realty IPO opens on Dec 21, 2022. The closing date of Arihant Academy IPO and Homesfy Realty IPO is Dec 21, 2022, and Dec 23, 2022, respectively.

	Arihant Academy IPO	Homesfy Realty IPO
Anchor Bid Date
Issue Open	Dec 16, 2022	Dec 21, 2022
Issue Close	Dec 21, 2022	Dec 23, 2022
Basis Of Allotment (Tentative)	Dec 26, 2022	Dec 28, 2022
Initiation of Refunds (Tentative)	Dec 27, 2022	Dec 29, 2022
Credit of Share (Tentative)	Dec 28, 2022	Dec 30, 2022
Listing date (Tentative)	Dec 29, 2022	Jan 02, 2023
Anchor Lockin End date 1	Jan 25, 2023	Jan 27, 2023
Anchor Lockin End date 2	Mar 26, 2023	Mar 28, 2023

Financials

Arihant Academy IPO P/E ratio is 19.11, as compared to Homesfy Realty IPO P/E ratio of 10.87.

Arihant Academy IPO

Homesfy Realty 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

Homesfy Realty Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	793.63	1193.1	91.35	427.89	0
31-Mar-21	1224.23	1475.92	199.14	627.04	0
31-Mar-22	1718.99	3039.93	318.41	945.45	22.32
30-Jun-22	1948.61	1239.34	138.51	1083.96	21.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

71.69%

Promoter Shareholding (Post-Issue)

73.00%

52.80%

P/E Ratio

19.11

10.87

Market Cap

₹54.50 Cr.

₹60.19 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 Homesfy Realty IPO retail investors are offered 7,76,000 shares. Qualified institutional buyers (QIB) are offered in Arihant Academy IPO and in Homesfy Realty IPO.

	Arihant Academy IPO	Homesfy Realty IPO
Anchor Investor Reserveration
Market Maker Reserveration	83,200 shares	40,800 shares
QIB
NII	7,76,000 shares	3,82,200 shares
RII	7,76,000 shares	3,82,200 shares
Employee
Others
Total	15,52,000 shares	7,64,400 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas Homesfy Realty IPO subscribed 21.69x.

	Arihant Academy IPO	Homesfy Realty IPO
QIB (times)
NII (times)	242.89x	26.82x
Big NII (times)
Small NII (times)
RII (times)	228.85x	16.55x
Employee (times)
Other (times)
Total (times)	235.87x	21.69x

Compare with others

Arihant Academy IPO	Homesfy Realty IPO
Moxsh Overseas Educon IPO	Rex Sealing and Packing Industries IPO
RBM Infracon IPO	SVS Ventures IPO
Homesfy Realty IPO	Anlon Technology Solutions IPO
Dollex Agrotech IPO	Moxsh Overseas Educon IPO
Uma Converter IPO	RBM Infracon IPO
PNGS Gargi Fashion Jewellery IPO	Dollex Agrotech IPO
Droneacharya Aerial Innovations IPO	Uma Converter IPO
All E Technologies IPO	Arihant Academy IPO
Arham Technologies IPO	PNGS Gargi Fashion Jewellery IPO
Baheti Recycling Industries IPO	Droneacharya Aerial Innovations IPO

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