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Arkade Developers IPO vs KRN Heat Exchanger IPO

Comparision between Arkade Developers IPO and KRN Heat Exchanger IPO.

IPO Details

Arkade Developers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KRN Heat Exchanger IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Arkade Developers IPO KRN Heat Exchanger IPO
Logo Arkade Developers IPO Logo KRN Heat Exchanger 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 Unistone Capital Pvt Ltd Holani Consultants Private Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt 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 Arkade Developers IPO is up to ₹410.00 Cr whereas the issue size of the KRN Heat Exchanger IPO is up to ₹341.95 Cr. The final issue price of Arkade Developers IPO is ₹128.00 per share and of KRN Heat Exchanger IPO is ₹220.00 per share.

  Arkade Developers IPO KRN Heat Exchanger IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹121.00 per share ₹209.00 per share
Issue Price (Upper) ₹128.00 per share ₹220.00 per share
Issue Price (Final) ₹128.00 per share ₹220.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 110 shares 65 shares
Fresh Issue Size 3,20,31,250 shares 1,55,43,000 shares
Fresh Issue Size (Amount) up to ₹410.00 Cr up to ₹341.95 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 3,20,31,250 shares 1,55,43,000 shares
Issue Size Total (Amount) up to ₹410.00 Cr up to ₹341.95 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while KRN Heat Exchanger IPO opens on Sep 25, 2024. The closing date of Arkade Developers IPO and KRN Heat Exchanger IPO is Sep 19, 2024, and Sep 27, 2024, respectively.

  Arkade Developers IPO KRN Heat Exchanger IPO
Anchor Bid Date Sep 13, 2024 Sep 24, 2024
Issue Open Sep 16, 2024 Sep 25, 2024
Issue Close Sep 19, 2024 Sep 27, 2024
Basis Of Allotment (Tentative) Sep 20, 2024 Sep 30, 2024
Initiation of Refunds (Tentative) Sep 23, 2024 Oct 01, 2024
Credit of Share (Tentative) Sep 23, 2024 Oct 01, 2024
Listing date (Tentative) Sep 24, 2024 Oct 03, 2024
Anchor Lockin End date 1 Oct 20, 2024 Oct 30, 2024
Anchor Lockin End date 2 Dec 19, 2024 Dec 29, 2024

Financials

Arkade Developers IPO P/E ratio is 16.01, as compared to KRN Heat Exchanger IPO P/E ratio of 24.78.

  Arkade Developers IPO KRN Heat Exchanger IPO
Financial

Arkade Developers Limited Financial Information (Restated Consolidated)

Arkade Developers Limited's revenue increased by 184% and profit after tax (PAT) rose by 142% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets575.01555.41369.97
Revenue635.71224.01237.18
Profit After Tax122.8150.7750.84
Net Worth323.4200.32149.5
Reserves and Surplus171.4198.32147.49
Total Borrowing69.4114964.41
Amount in ₹ Crore

KRN Heat Exchanger and Refrigeration Limited Financial Information (Restated Consolidated)

Period Ended31 Mar 2024
Assets258.36
Revenue313.54
Profit After Tax39.07
Net Worth131.65
Total Borrowing59.69
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 85.58% 94.39%
Promoter Shareholding (Post-Issue) 70.82%
P/E Ratio 16.01 24.78
Market Cap ₹2376.41 Cr. ₹1309.51 Cr.
ROE 46.90%% 40.86%%
ROCE 47.34%% 31.21%%
Debt/Equity 0.21 0.45
EPS ₹7.99 ₹8.88
RoNW 46.90%% 29.68%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered 1,11,56,250 shares while in KRN Heat Exchanger IPO retail investors are offered 1,11,56,250 shares. Qualified institutional buyers (QIB) are offered 63,75,000 shares in Arkade Developers IPO and 31,07,455 shares in KRN Heat Exchanger IPO.

  Arkade Developers IPO KRN Heat Exchanger IPO
Anchor Investor Reserveration 95,62,500 shares 45,50,000 shares
Market Maker Reserveration
QIB 63,75,000 shares 31,07,455 shares
NII 47,81,250 shares 23,87,215 shares
RII 1,11,56,250 shares 54,98,330 shares
Employee 0 shares 0 shares
Others
Total 2,23,12,500 shares 1,09,93,000 shares

Bids Received (Subscription)

Arkade Developers IPO subscribed 113.49x in total, whereas KRN Heat Exchanger IPO subscribed 213.41x.

  Arkade Developers IPO KRN Heat Exchanger IPO
QIB (times) 172.60x 253.04x
NII (times) 172.22x 430.54x
Big NII (times) 169.95x 445.31x
Small NII (times) 176.76x 401.01x
RII (times) 53.78x 96.74x
Employee (times)
Other (times)
Total (times) 113.49x 213.41x

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