KRN Heat Exchanger IPO vs Northern Arc Capital IPO

Comparision between KRN Heat Exchanger IPO and Northern Arc Capital IPO.

IPO Details

KRN Heat Exchanger IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Northern Arc Capital IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	KRN Heat Exchanger IPO	Northern Arc Capital 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	Holani Consultants Private Limited	ICICI Securities Limited Axis Bank Limited Citigroup Global Markets India Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 KRN Heat Exchanger IPO is up to ₹341.95 Cr whereas the issue size of the Northern Arc Capital IPO is up to ₹777.00 Cr. The final issue price of KRN Heat Exchanger IPO is ₹220.00 per share and of Northern Arc Capital IPO is ₹263.00 per share.

	KRN Heat Exchanger IPO	Northern Arc Capital IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹209.00 per share	₹249.00 per share
Issue Price (Upper)	₹220.00 per share	₹263.00 per share
Issue Price (Final)	₹220.00 per share	₹263.00 per share
Discount (Retail)
Discount (Employee)		₹24.00 per share
Market Lot Size	65 shares	57 shares
Fresh Issue Size	1,55,43,000 shares	1,90,11,407 shares
Fresh Issue Size (Amount)	up to ₹341.95 Cr	up to ₹500.00 Cr
OFS Issue Size		1,05,32,320 shares
OFS Issue Size (Amount)		up to ₹277.00 Cr
Issue Size Total	1,55,43,000 shares	2,95,43,727 shares
Issue Size Total (Amount)	up to ₹341.95 Cr	up to ₹777.00 Cr

IPO Timetable

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

	KRN Heat Exchanger IPO	Northern Arc Capital IPO
Anchor Bid Date	Sep 24, 2024	Sep 13, 2024
Issue Open	Sep 25, 2024	Sep 16, 2024
Issue Close	Sep 27, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 30, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Oct 01, 2024	Sep 23, 2024
Credit of Share (Tentative)	Oct 01, 2024	Sep 23, 2024
Listing date (Tentative)	Oct 03, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 30, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 29, 2024	Dec 18, 2024

Financials

KRN Heat Exchanger IPO P/E ratio is 24.78, as compared to Northern Arc Capital IPO P/E ratio of 11.78.

KRN Heat Exchanger IPO

Northern Arc Capital IPO

Financial

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

Period Ended	31 Mar 2024
Assets	258.36
Revenue	313.54
Profit After Tax	39.07
Net Worth	131.65
Total Borrowing	59.69
Amount in ₹ Crore

Northern Arc Capital Limited Financial Information (Restated Consolidated)

Northern Arc Capital Limited's revenue increased by 45% and profit after tax (PAT) rose by 31% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	11,707.66	9,371.57	7,974.12
Revenue	1,906.03	1,311.2	916.55
Profit After Tax	317.69	242.21	181.94
Net Worth	2,314.35	1,955.39	1,739.04
Reserves and Surplus	2,123.37	1,784.22	1,555.3
Total Borrowing	9,047.76	7,034.57	5,982.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.39%

Promoter Shareholding (Post-Issue)

P/E Ratio

24.78

11.78

Market Cap

₹1309.51 Cr.

₹4242.86 Cr.

ROE

40.86%%

ROCE

31.21%%

Debt/Equity

0.45

3.9

EPS

₹8.88

₹22.32

RoNW

29.68%%

13.32%%

Shares Offered

In the KRN Heat Exchanger IPO retail investors (RII) are offered 54,98,330 shares while in Northern Arc Capital IPO retail investors are offered 54,98,330 shares. Qualified institutional buyers (QIB) are offered 31,07,455 shares in KRN Heat Exchanger IPO and 58,01,354 shares in Northern Arc Capital IPO.

	KRN Heat Exchanger IPO	Northern Arc Capital IPO
Anchor Investor Reserveration	45,50,000 shares	87,02,031 shares
Market Maker Reserveration
QIB	31,07,455 shares	58,01,354 shares
NII	23,87,215 shares	43,51,016 shares
RII	54,98,330 shares	1,01,52,384 shares
Employee	0 shares	0 shares
Others
Total	1,09,93,000 shares	2,03,04,754 shares

Bids Received (Subscription)

KRN Heat Exchanger IPO subscribed 213.41x in total, whereas Northern Arc Capital IPO subscribed 117.19x.

	KRN Heat Exchanger IPO	Northern Arc Capital IPO
QIB (times)	253.04x	242.73x
NII (times)	430.54x	147.58x
Big NII (times)	445.31x	160.48x
Small NII (times)	401.01x	121.79x
RII (times)	96.74x	32.01x
Employee (times)
Other (times)
Total (times)	213.41x	117.19x

Compare with others

KRN Heat Exchanger IPO	Northern Arc Capital IPO
Garuda Construction and Engineering IPO	Afcons Infrastructure IPO
Afcons Infrastructure IPO	Hyundai Motor IPO
Hyundai Motor IPO	Diffusion Engineers IPO
Diffusion Engineers IPO	Manba Finance IPO
Manba Finance IPO	KRN Heat Exchanger IPO
Northern Arc Capital IPO	Arkade Developers IPO
Arkade Developers IPO	Western Carriers (India) IPO
Western Carriers (India) IPO	P N Gadgil Jewellers IPO
P N Gadgil Jewellers IPO	Kross IPO
Kross IPO	Tolins Tyres IPO

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