Kross IPO vs Northern Arc Capital IPO

Comparision between Kross IPO and Northern Arc Capital IPO.

IPO Details

Kross 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.

	Kross 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	Equirus Capital Private Limited	ICICI Securities Limited Axis Bank Limited Citigroup Global Markets India Private Limited
Registrar	Kfin Technologies Limited	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 Kross IPO is up to ₹500.00 Cr whereas the issue size of the Northern Arc Capital IPO is up to ₹777.00 Cr. The final issue price of Kross IPO is ₹240.00 per share and of Northern Arc Capital IPO is ₹263.00 per share.

	Kross IPO	Northern Arc Capital IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹228.00 per share	₹249.00 per share
Issue Price (Upper)	₹240.00 per share	₹263.00 per share
Issue Price (Final)	₹240.00 per share	₹263.00 per share
Discount (Retail)
Discount (Employee)		₹24.00 per share
Market Lot Size	62 shares	57 shares
Fresh Issue Size	1,04,16,667 shares	1,90,11,407 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹500.00 Cr
OFS Issue Size	1,04,16,667 shares	1,05,32,320 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹277.00 Cr
Issue Size Total	2,08,33,334 shares	2,95,43,727 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹777.00 Cr

IPO Timetable

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

	Kross IPO	Northern Arc Capital IPO
Anchor Bid Date	Sep 06, 2024	Sep 13, 2024
Issue Open	Sep 09, 2024	Sep 16, 2024
Issue Close	Sep 11, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 11, 2024	Oct 19, 2024
Anchor Lockin End date 2	Dec 10, 2024	Dec 18, 2024

Financials

Kross IPO P/E ratio is 28.93, as compared to Northern Arc Capital IPO P/E ratio of 11.78.

Kross IPO

Northern Arc Capital IPO

Financial

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

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)

100.00%

Promoter Shareholding (Post-Issue)

67.7 %

P/E Ratio

28.93

11.78

Market Cap

₹1548.23 Cr.

₹4242.86 Cr.

ROE

30.57%%

ROCE

28.15%%

Debt/Equity

0.8

3.9

EPS

₹8.30

₹22.32

RoNW

30.57%%

13.32%%

Shares Offered

In the Kross IPO retail investors (RII) are offered 72,91,666 shares while in Northern Arc Capital IPO retail investors are offered 72,91,666 shares. Qualified institutional buyers (QIB) are offered 41,66,667 shares in Kross IPO and 58,01,354 shares in Northern Arc Capital IPO.

	Kross IPO	Northern Arc Capital IPO
Anchor Investor Reserveration	62,49,999 shares	87,02,031 shares
Market Maker Reserveration
QIB	41,66,667 shares	58,01,354 shares
NII	31,25,000 shares	43,51,016 shares
RII	72,91,666 shares	1,01,52,384 shares
Employee	0 shares	0 shares
Others
Total	1,45,83,333 shares	2,03,04,754 shares

Bids Received (Subscription)

Kross IPO subscribed 17.66x in total, whereas Northern Arc Capital IPO subscribed 117.19x.

	Kross IPO	Northern Arc Capital IPO
QIB (times)	24.55x	242.73x
NII (times)	23.40x	147.58x
Big NII (times)	23.21x	160.48x
Small NII (times)	23.77x	121.79x
RII (times)	11.26x	32.01x
Employee (times)
Other (times)
Total (times)	17.66x	117.19x

Compare with others

Kross IPO	Northern Arc Capital IPO
KRN Heat Exchanger IPO	Afcons Infrastructure IPO
Northern Arc Capital IPO	Hyundai Motor IPO
Arkade Developers IPO	Diffusion Engineers IPO
Western Carriers (India) IPO	Manba Finance IPO
P N Gadgil Jewellers IPO	KRN Heat Exchanger IPO
Tolins Tyres IPO	Arkade Developers IPO
Shree Tirupati Balajee IPO	Western Carriers (India) IPO
Gala Precision Engineering IPO	P N Gadgil Jewellers IPO
Baazar Style Retail IPO	Kross IPO
Bajaj Housing Finance IPO	Tolins Tyres IPO

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