Arkade Developers IPO vs Kross IPO

Comparision between Arkade Developers IPO and Kross IPO.

IPO Details

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

	Arkade Developers IPO	Kross 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	Equirus Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
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 Kross IPO is up to ₹500.00 Cr. The final issue price of Arkade Developers IPO is and of Kross IPO is .

	Arkade Developers IPO	Kross IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)		₹228.00 per share
Issue Price (Upper)		₹240.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size		62 shares
Fresh Issue Size		1,04,16,667 shares
Fresh Issue Size (Amount)	up to ₹410.00 Cr	up to ₹250.00 Cr
OFS Issue Size		1,04,16,667 shares
OFS Issue Size (Amount)		up to ₹250.00 Cr
Issue Size Total		2,08,33,334 shares
Issue Size Total (Amount)	up to ₹410.00 Cr	up to ₹500.00 Cr

IPO Timetable

Arkade Developers IPO opens on Sep 16, 2024, while Kross IPO opens on Sep 09, 2024. The closing date of Arkade Developers IPO and Kross IPO is Sep 19, 2024, and Sep 11, 2024, respectively.

	Arkade Developers IPO	Kross IPO
Anchor Bid Date	Sep 13, 2024	Sep 06, 2024
Issue Open	Sep 16, 2024	Sep 09, 2024
Issue Close	Sep 19, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 12, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 11, 2024

Financials

Arkade Developers IPO P/E ratio is , as compared to Kross IPO P/E ratio of 28.93.

Arkade Developers IPO

Kross 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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	575.01	555.41	369.97
Revenue	635.71	224.01	237.18
Profit After Tax	122.81	50.77	50.84
Net Worth	323.4	200.32	149.5
Reserves and Surplus	171.4	198.32	147.49
Total Borrowing	69.41	149	64.41
Amount in ₹ Crore

Kross Limited Financial Information (Restated)

Kross Limited's revenue increased by 27% and profit after tax (PAT) rose by 45% 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	352	250.57	197.82
Revenue	621.46	489.36	297.88
Profit After Tax	44.88	30.93	12.17
Net Worth	146.81	102.11	72.4
Reserves and Surplus	119.76	88.58	58.88
Total Borrowing	117.9	88.26	86.06
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.58%

100.00%

Promoter Shareholding (Post-Issue)

P/E Ratio

28.93

Market Cap

₹1548.23 Cr.

ROE

46.90%%

30.57%%

ROCE

47.34%%

28.15%%

Debt/Equity

0.21

EPS

₹8.30

RoNW

46.90%%

30.57%%

Shares Offered

In the Arkade Developers IPO retail investors (RII) are offered while in Kross IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Arkade Developers IPO and in Kross IPO.

	Arkade Developers IPO	Kross IPO
Anchor Investor Reserveration		62,49,999 shares
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Arkade Developers IPO subscribed in total, whereas Kross IPO subscribed .

	Arkade Developers IPO	Kross IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Arkade Developers IPO	Kross IPO
Western Carriers (India) IPO	Arkade Developers IPO
P N Gadgil Jewellers IPO	Western Carriers (India) IPO
Kross IPO	P N Gadgil Jewellers IPO
Tolins Tyres IPO	Tolins Tyres IPO
Shree Tirupati Balajee IPO	Shree Tirupati Balajee IPO
	Gala Precision Engineering IPO
	Baazar Style Retail IPO
	Bajaj Housing Finance IPO

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