Diffusion Engineers IPO vs Northern Arc Capital IPO

Comparision between Diffusion Engineers IPO and Northern Arc Capital IPO.

IPO Details

Diffusion Engineers 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.

	Diffusion Engineers 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	Unistone Capital Pvt Ltd	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 Diffusion Engineers IPO is up to ₹158.00 Cr whereas the issue size of the Northern Arc Capital IPO is up to ₹777.00 Cr. The final issue price of Diffusion Engineers IPO is ₹168.00 per share and of Northern Arc Capital IPO is ₹263.00 per share.

	Diffusion Engineers IPO	Northern Arc Capital IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹159.00 per share	₹249.00 per share
Issue Price (Upper)	₹168.00 per share	₹263.00 per share
Issue Price (Final)	₹168.00 per share	₹263.00 per share
Discount (Retail)
Discount (Employee)	₹8.00 per share	₹24.00 per share
Market Lot Size	88 shares	57 shares
Fresh Issue Size	94,05,000 shares	1,90,11,407 shares
Fresh Issue Size (Amount)	up to ₹158.00 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	94,05,000 shares	2,95,43,727 shares
Issue Size Total (Amount)	up to ₹158.00 Cr	up to ₹777.00 Cr

IPO Timetable

Diffusion Engineers IPO opens on Sep 26, 2024, while Northern Arc Capital IPO opens on Sep 16, 2024. The closing date of Diffusion Engineers IPO and Northern Arc Capital IPO is Sep 30, 2024, and Sep 19, 2024, respectively.

	Diffusion Engineers IPO	Northern Arc Capital IPO
Anchor Bid Date	Sep 25, 2024	Sep 13, 2024
Issue Open	Sep 26, 2024	Sep 16, 2024
Issue Close	Sep 30, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Sep 23, 2024
Credit of Share (Tentative)	Oct 03, 2024	Sep 23, 2024
Listing date (Tentative)	Oct 04, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 18, 2024

Financials

Diffusion Engineers IPO P/E ratio is 15.28, as compared to Northern Arc Capital IPO P/E ratio of 11.78.

Diffusion Engineers IPO

Northern Arc Capital IPO

Financial

Diffusion Engineers Limited Financial Information (Restated Consolidated)

Diffusion Engineers Limited's revenue increased by 10% and profit after tax (PAT) rose by 39% 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	275.59	230.34	189.55
Revenue	285.56	258.67	208.75
Profit After Tax	30.8	22.15	17.05
Net Worth	190.7	142	120.65
Reserves and Surplus	163.03	138.39	117.34
Total Borrowing	34.44	48.09	24.6
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)

93.10%

Promoter Shareholding (Post-Issue)

69.70%

P/E Ratio

15.28

11.78

Market Cap

₹628.76 Cr.

₹4242.86 Cr.

ROE

18.52%%

ROCE

20.63%%

Debt/Equity

0.18

3.9

EPS

₹10.99

₹22.32

RoNW

18.52%%

13.32%%

Shares Offered

In the Diffusion Engineers IPO retail investors (RII) are offered 32,74,250 shares while in Northern Arc Capital IPO retail investors are offered 32,74,250 shares. Qualified institutional buyers (QIB) are offered 18,71,000 shares in Diffusion Engineers IPO and 58,01,354 shares in Northern Arc Capital IPO.

	Diffusion Engineers IPO	Northern Arc Capital IPO
Anchor Investor Reserveration	28,06,500 shares	87,02,031 shares
Market Maker Reserveration
QIB	18,71,000 shares	58,01,354 shares
NII	14,03,250 shares	43,51,016 shares
RII	32,74,250 shares	1,01,52,384 shares
Employee	50,000 shares	0 shares
Others
Total	65,98,500 shares	2,03,04,754 shares

Bids Received (Subscription)

Diffusion Engineers IPO subscribed 114.50x in total, whereas Northern Arc Capital IPO subscribed 117.19x.

	Diffusion Engineers IPO	Northern Arc Capital IPO
QIB (times)	95.74x	242.73x
NII (times)	207.60x	147.58x
Big NII (times)	203.34x	160.48x
Small NII (times)	216.13x	121.79x
RII (times)	85.61x	32.01x
Employee (times)	95.05x
Other (times)
Total (times)	114.50x	117.19x

Compare with others

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

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