Arihant Academy IPO vs RBM Infracon IPO

Comparision between Arihant Academy IPO and RBM Infracon IPO.

IPO Details

Arihant Academy IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while RBM Infracon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Arihant Academy IPO	RBM Infracon IPO
Logo		$RBM Infracon IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Shreni Shares Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Arihant Academy IPO is up to ₹14.72 Cr whereas the issue size of the RBM Infracon IPO is up to ₹8.37 Cr. The final issue price of Arihant Academy IPO is ₹90.00 per share and of RBM Infracon IPO is ₹36.00 per share.

	Arihant Academy IPO	RBM Infracon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹90.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	16,35,200 shares	23,25,000 shares
Fresh Issue Size (Amount)	up to ₹14.72 Cr	up to ₹8.37 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,35,200 shares	23,25,000 shares
Issue Size Total (Amount)	up to ₹14.72 Cr	up to ₹8.37 Cr

IPO Timetable

Arihant Academy IPO opens on Dec 16, 2022, while RBM Infracon IPO opens on Dec 23, 2022. The closing date of Arihant Academy IPO and RBM Infracon IPO is Dec 21, 2022, and Dec 27, 2022, respectively.

	Arihant Academy IPO	RBM Infracon IPO
Anchor Bid Date
Issue Open	Dec 16, 2022	Dec 23, 2022
Issue Close	Dec 21, 2022	Dec 27, 2022
Basis Of Allotment (Tentative)	Dec 26, 2022	Dec 30, 2022
Initiation of Refunds (Tentative)	Dec 27, 2022	Jan 02, 2023
Credit of Share (Tentative)	Dec 28, 2022	Jan 03, 2023
Listing date (Tentative)	Dec 29, 2022	Jan 04, 2023
Anchor Lockin End date 1	Jan 25, 2023	Jan 29, 2023
Anchor Lockin End date 2	Mar 26, 2023	Mar 30, 2023

Financials

Arihant Academy IPO P/E ratio is 19.11, as compared to RBM Infracon IPO P/E ratio of 11.61.

Arihant Academy IPO

RBM Infracon IPO

Financial

Arihant Academy Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	814.3	1921.12	42.09	177.17	177.17	89.38
31-Mar-21	829.09	1409.77	112.56	289.73	289.73	48.98
31-Mar-22	1104.26	1531.97	201.86	491.59	491.59	127.6
Amount in ₹ Lakhs

RBM Infracon Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2115.97	3516.78	-12.03	540.44	488.44	666.85
31-Mar-21	2333.62	3888.74	-133.24	462.54	406.94	813.41
31-Mar-22	2503.6	4763.06	190.99	653.52	597.92	850.9
30-Jun-22	2450.29	1027.2	65.4	718.93	663.33	641.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.00%

72.45%

P/E Ratio

19.11

11.61

Market Cap

₹54.50 Cr.

₹30.39 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Arihant Academy IPO retail investors (RII) are offered 7,76,000 shares while in RBM Infracon IPO retail investors are offered 7,76,000 shares. Qualified institutional buyers (QIB) are offered in Arihant Academy IPO and in RBM Infracon IPO.

	Arihant Academy IPO	RBM Infracon IPO
Anchor Investor Reserveration
Market Maker Reserveration	83,200 shares	1,17,000 shares
QIB
NII	7,76,000 shares	11,04,000 shares
RII	7,76,000 shares	11,04,000 shares
Employee
Others
Total	15,52,000 shares	22,08,000 shares

Bids Received (Subscription)

Arihant Academy IPO subscribed 235.87x in total, whereas RBM Infracon IPO subscribed 40.32x.

	Arihant Academy IPO	RBM Infracon IPO
QIB (times)
NII (times)	242.89x	46.32x
Big NII (times)
Small NII (times)
RII (times)	228.85x	34.33x
Employee (times)
Other (times)
Total (times)	235.87x	40.32x

Compare with others

Arihant Academy IPO	RBM Infracon IPO
Moxsh Overseas Educon IPO	Chaman Metallics IPO
RBM Infracon IPO	Rex Sealing and Packing Industries IPO
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Dollex Agrotech IPO	Anlon Technology Solutions IPO
Uma Converter IPO	Moxsh Overseas Educon IPO
PNGS Gargi Fashion Jewellery IPO	Homesfy Realty IPO
Droneacharya Aerial Innovations IPO	Dollex Agrotech IPO
All E Technologies IPO	Uma Converter IPO
Arham Technologies IPO	Arihant Academy IPO
Baheti Recycling Industries IPO	PNGS Gargi Fashion Jewellery IPO

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