Arabian Petroleum IPO vs Rajgor Castor Derivatives IPO

Comparision between Arabian Petroleum IPO and Rajgor Castor Derivatives IPO.

IPO Details

Arabian Petroleum IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Book Built Issue proposed to list at NSE SME.

	Arabian Petroleum IPO	Rajgor Castor Derivatives IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Link Intime India Private Ltd
Market Maker	Hem Finlease Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Arabian Petroleum IPO is up to ₹20.24 Cr whereas the issue size of the Rajgor Castor Derivatives IPO is up to ₹47.81 Cr. The final issue price of Arabian Petroleum IPO is ₹70.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

	Arabian Petroleum IPO	Rajgor Castor Derivatives IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹47.00 per share
Issue Price (Upper)		₹50.00 per share
Issue Price (Final)	₹70.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	28,92,000 shares	88,95,000 shares
Fresh Issue Size (Amount)	up to ₹20.24 Cr	up to ₹44.48 Cr
OFS Issue Size		6,66,000 shares
OFS Issue Size (Amount)		up to ₹3.33 Cr
Issue Size Total	28,92,000 shares	95,61,000 shares
Issue Size Total (Amount)	up to ₹20.24 Cr	up to ₹47.81 Cr

IPO Timetable

Arabian Petroleum IPO opens on Sep 25, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of Arabian Petroleum IPO and Rajgor Castor Derivatives IPO is Sep 27, 2023, and Oct 20, 2023, respectively.

	Arabian Petroleum IPO	Rajgor Castor Derivatives IPO
Anchor Bid Date		Oct 16, 2023
Issue Open	Sep 25, 2023	Oct 17, 2023
Issue Close	Sep 27, 2023	Oct 20, 2023
Basis Of Allotment (Tentative)	Oct 04, 2023	Oct 26, 2023
Initiation of Refunds (Tentative)	Oct 05, 2023	Oct 27, 2023
Credit of Share (Tentative)	Oct 06, 2023	Oct 30, 2023
Listing date (Tentative)	Oct 09, 2023	Oct 31, 2023
Anchor Lockin End date 1	Nov 03, 2023	Nov 25, 2023
Anchor Lockin End date 2	Jan 02, 2024	Jan 24, 2024

Financials

Arabian Petroleum IPO P/E ratio is 11.51, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

Arabian Petroleum IPO

Rajgor Castor Derivatives IPO

Financial

Arabian Petroleum IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,031.88	7,134.94	7,650.88
Revenue	11,024.54	19,159.10	24,394.68
Profit After Tax	287.54	414.34	486.48
Net Worth	1,301.98	1,716.32	2,202.80
Reserves and Surplus	1,101.98	1,516.32	1,402.80
Total Borrowing	2,197.75	2,948.97	3,830.66

Amount in ₹ Lakhs

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	9,847.95	7,782.64	3,753.42	2,578.48	2,645.34
Revenue	11,276.10	42,887.35	4,091.30	1,100.69	1,497.33
Profit After Tax	192.57	554.47	52.19	-180.18	-97.02
Net Worth	2,558.24	2,365.55	201.90	149.71
Reserves and Surplus	2,343.54	2,150.97	190.12	137.93	318.12
Total Borrowing	5,178.96	4,450.93	1,809.51	2,286.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

100%

Promoter Shareholding (Post-Issue)

73.45%

P/E Ratio

11.51

1.66

Market Cap

₹76.24 Cr.

₹119.58 Cr.

ROE

22.08%%

43.19%%

ROCE

32.47%%

22.97%%

Debt/Equity

1.75

1.88

EPS

₹6.08

₹30.06

RoNW

22.08%%

23.44%%

Shares Offered

In the Arabian Petroleum IPO retail investors (RII) are offered 13,72,000 shares while in Rajgor Castor Derivatives IPO retail investors are offered 13,72,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Arabian Petroleum IPO and 17,22,000 shares in Rajgor Castor Derivatives IPO.

	Arabian Petroleum IPO	Rajgor Castor Derivatives IPO
Anchor Investor Reserveration		27,12,000 shares
Market Maker Reserveration	1,48,000 shares	5,01,000 shares
QIB	0 shares	17,22,000 shares
NII	13,72,000 shares	13,62,000 shares
RII	13,72,000 shares	31,42,000 shares
Employee	0 shares	0 shares
Others
Total	27,44,000 shares	62,26,000 shares

Bids Received (Subscription)

Arabian Petroleum IPO subscribed 19.91x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

	Arabian Petroleum IPO	Rajgor Castor Derivatives IPO
QIB (times)		35.52x
NII (times)	15.72x	260.01x
Big NII (times)
Small NII (times)
RII (times)	23.19x	80.70x
Employee (times)
Other (times)
Total (times)	19.91x	107.43x

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