Northern Arc Capital IPO vs Western Carriers (India) IPO

Comparision between Northern Arc Capital IPO and Western Carriers (India) IPO.

IPO Details

Northern Arc Capital IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Western Carriers (India) IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Northern Arc Capital IPO	Western Carriers (India) 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	ICICI Securities Limited Axis Bank Limited Citigroup Global Markets India Private Limited	Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Link Intime India Private 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 Northern Arc Capital IPO is up to ₹777.00 Cr whereas the issue size of the Western Carriers (India) IPO is up to ₹492.88 Cr. The final issue price of Northern Arc Capital IPO is ₹263.00 per share and of Western Carriers (India) IPO is ₹172.00 per share.

	Northern Arc Capital IPO	Western Carriers (India) IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹249.00 per share	₹163.00 per share
Issue Price (Upper)	₹263.00 per share	₹172.00 per share
Issue Price (Final)	₹263.00 per share	₹172.00 per share
Discount (Retail)
Discount (Employee)	₹24.00 per share
Market Lot Size	57 shares	87 shares
Fresh Issue Size	1,90,11,407 shares	2,32,55,813 shares
Fresh Issue Size (Amount)	up to ₹500.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,05,32,320 shares	54,00,000 shares
OFS Issue Size (Amount)	up to ₹277.00 Cr	up to ₹92.88 Cr
Issue Size Total	2,95,43,727 shares	2,86,55,813 shares
Issue Size Total (Amount)	up to ₹777.00 Cr	up to ₹492.88 Cr

IPO Timetable

Northern Arc Capital IPO opens on Sep 16, 2024, while Western Carriers (India) IPO opens on Sep 13, 2024. The closing date of Northern Arc Capital IPO and Western Carriers (India) IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

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

Financials

Northern Arc Capital IPO P/E ratio is 11.78, as compared to Western Carriers (India) IPO P/E ratio of 16.85.

Northern Arc Capital IPO

Western Carriers (India) IPO

Financial

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

Western Carriers (India) Limited Financial Information (Restated Consolidated)

Western Carriers (India) Limited's revenue increased by 3% and profit after tax (PAT) rose by 12% 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	754.01	604.14	490.33
Revenue	1,691.41	1,637.84	1,475.79
Profit After Tax	80.35	71.57	61.13
Net Worth	398.36	318.61	257.58
Reserves and Surplus	359.01	279.08	157.12
Total Borrowing	266	210.47	150.4
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.99%

Promoter Shareholding (Post-Issue)

71.89%

P/E Ratio

11.78

16.85

Market Cap

₹4242.86 Cr.

₹1753.63 Cr.

ROE

22.41%%

ROCE

29.23%%

Debt/Equity

3.9

0.67

EPS

₹22.32

₹10.21

RoNW

13.32%%

20.17%%

Shares Offered

In the Northern Arc Capital IPO retail investors (RII) are offered 1,01,52,384 shares while in Western Carriers (India) IPO retail investors are offered 1,01,52,384 shares. Qualified institutional buyers (QIB) are offered 58,01,354 shares in Northern Arc Capital IPO and 57,31,163 shares in Western Carriers (India) IPO.

	Northern Arc Capital IPO	Western Carriers (India) IPO
Anchor Investor Reserveration	87,02,031 shares	85,96,743 shares
Market Maker Reserveration
QIB	58,01,354 shares	57,31,163 shares
NII	43,51,016 shares	42,98,372 shares
RII	1,01,52,384 shares	1,00,29,535 shares
Employee	0 shares	0 shares
Others
Total	2,03,04,754 shares	2,00,59,070 shares

Bids Received (Subscription)

Northern Arc Capital IPO subscribed 117.19x in total, whereas Western Carriers (India) IPO subscribed 31.69x.

	Northern Arc Capital IPO	Western Carriers (India) IPO
QIB (times)	242.73x	28.81x
NII (times)	147.58x	46.68x
Big NII (times)	160.48x	41.65x
Small NII (times)	121.79x	56.73x
RII (times)	32.01x	26.92x
Employee (times)
Other (times)
Total (times)	117.19x	31.69x

Compare with others

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

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