Northern Arc Capital IPO vs P N Gadgil Jewellers IPO

Comparision between Northern Arc Capital IPO and P N Gadgil Jewellers IPO.

IPO Details

Northern Arc Capital IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while P N Gadgil Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Northern Arc Capital IPO	P N Gadgil Jewellers 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	Motilal Oswal Investment Advisors Limited Nuvama Wealth Management Limited Bob Capital Markets Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 P N Gadgil Jewellers IPO is up to ₹1,100.00 Cr. The final issue price of Northern Arc Capital IPO is ₹263.00 per share and of P N Gadgil Jewellers IPO is ₹480.00 per share.

	Northern Arc Capital IPO	P N Gadgil Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹249.00 per share	₹456.00 per share
Issue Price (Upper)	₹263.00 per share	₹480.00 per share
Issue Price (Final)	₹263.00 per share	₹480.00 per share
Discount (Retail)
Discount (Employee)	₹24.00 per share
Market Lot Size	57 shares	31 shares
Fresh Issue Size	1,90,11,407 shares	1,77,08,334 shares
Fresh Issue Size (Amount)	up to ₹500.00 Cr	up to ₹850.00 Cr
OFS Issue Size	1,05,32,320 shares	52,08,333 shares
OFS Issue Size (Amount)	up to ₹277.00 Cr	up to ₹250.00 Cr
Issue Size Total	2,95,43,727 shares	2,29,16,667 shares
Issue Size Total (Amount)	up to ₹777.00 Cr	up to ₹1,100.00 Cr

IPO Timetable

Northern Arc Capital IPO opens on Sep 16, 2024, while P N Gadgil Jewellers IPO opens on Sep 10, 2024. The closing date of Northern Arc Capital IPO and P N Gadgil Jewellers IPO is Sep 19, 2024, and Sep 12, 2024, respectively.

	Northern Arc Capital IPO	P N Gadgil Jewellers IPO
Anchor Bid Date	Sep 13, 2024	Sep 09, 2024
Issue Open	Sep 16, 2024	Sep 10, 2024
Issue Close	Sep 19, 2024	Sep 12, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 13, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 16, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 16, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 17, 2024
Anchor Lockin End date 1	Oct 19, 2024	Oct 13, 2024
Anchor Lockin End date 2	Dec 18, 2024	Dec 12, 2024

Financials

Northern Arc Capital IPO P/E ratio is 11.78, as compared to P N Gadgil Jewellers IPO P/E ratio of 36.7.

Northern Arc Capital IPO

P N Gadgil Jewellers 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

P N Gadgil Jewellers Limited Financial Information (Restated Consolidated)

P N Gadgil Jewellers Limited's revenue increased by 34% and profit after tax (PAT) rose by 65% 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	1,464.98	1,062.55	1,110.24
Revenue	6,119.1	4,559.31	2,586.31
Profit After Tax	154.34	93.7	69.52
Net Worth	534.38	365.73	282.01
Reserves and Surplus		255.53	191.22
Total Borrowing	396.5	283.21	294.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

83.11 %

P/E Ratio

11.78

36.7

Market Cap

₹4242.86 Cr.

₹6514.00 Cr.

ROE

28.88%%

ROCE

27.31%%

Debt/Equity

3.9

0.74

EPS

₹22.32

₹13.08

RoNW

13.32%%

28.88%%

Shares Offered

In the Northern Arc Capital IPO retail investors (RII) are offered 1,01,52,384 shares while in P N Gadgil Jewellers 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 48,24,560 shares in P N Gadgil Jewellers IPO.

	Northern Arc Capital IPO	P N Gadgil Jewellers IPO
Anchor Investor Reserveration	87,02,031 shares	68,74,999 shares
Market Maker Reserveration
QIB	58,01,354 shares	48,24,560 shares
NII	43,51,016 shares	36,18,421 shares
RII	1,01,52,384 shares	84,42,983 shares
Employee	0 shares	0 shares
Others
Total	2,03,04,754 shares	1,68,85,964 shares

Bids Received (Subscription)

Northern Arc Capital IPO subscribed 117.19x in total, whereas P N Gadgil Jewellers IPO subscribed 59.41x.

	Northern Arc Capital IPO	P N Gadgil Jewellers IPO
QIB (times)	242.73x	136.85x
NII (times)	147.58x	56.08x
Big NII (times)	160.48x	59.11x
Small NII (times)	121.79x	50.03x
RII (times)	32.01x	16.58x
Employee (times)
Other (times)
Total (times)	117.19x	59.41x

Compare with others

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

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