Archean Chemical IPO vs Sula Vineyards IPO

Comparision between Archean Chemical IPO and Sula Vineyards IPO.

IPO Details

Archean Chemical IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sula Vineyards IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Archean Chemical IPO	Sula Vineyards 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	Iifl Securities Ltd ICICI Securities Limited Jm Financial Limited	Kotak Mahindra Capital Company Limited Clsa India Private Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	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 Archean Chemical IPO is up to ₹1,462.31 Cr whereas the issue size of the Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Archean Chemical IPO is ₹407.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

	Archean Chemical IPO	Sula Vineyards IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹386.00 per share	₹340.00 per share
Issue Price (Upper)	₹407.00 per share	₹357.00 per share
Issue Price (Final)	₹407.00 per share	₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	36 shares	42 shares
Fresh Issue Size	1,97,78,870 shares
Fresh Issue Size (Amount)	up to ₹805.00 Cr
OFS Issue Size	1,61,50,000 shares	2,69,00,530 shares
OFS Issue Size (Amount)	up to ₹657.31 Cr	up to ₹960.35 Cr
Issue Size Total	3,59,28,870 shares	2,69,00,530 shares
Issue Size Total (Amount)	up to ₹1,462.31 Cr	up to ₹960.35 Cr

IPO Timetable

Archean Chemical IPO opens on Nov 09, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Archean Chemical IPO and Sula Vineyards IPO is Nov 11, 2022, and Dec 14, 2022, respectively.

	Archean Chemical IPO	Sula Vineyards IPO
Anchor Bid Date		Dec 09, 2022
Issue Open	Nov 09, 2022	Dec 12, 2022
Issue Close	Nov 11, 2022	Dec 14, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Dec 19, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Dec 20, 2022
Credit of Share (Tentative)	Nov 18, 2022	Dec 21, 2022
Listing date (Tentative)	Nov 21, 2022	Dec 22, 2022
Anchor Lockin End date 1	Dec 16, 2022	Jan 18, 2023
Anchor Lockin End date 2	Feb 14, 2023	Mar 19, 2023

Financials

Archean Chemical IPO P/E ratio is 16.78, as compared to Sula Vineyards IPO P/E ratio of 49.24.

Archean Chemical IPO

Sula Vineyards IPO

Financial

Archean Chemical Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1260.51	572.91	39.97	42.37	772.02
31-Mar-20	1428.6	617	-36.24	5.97	929.26
31-Mar-22	1529.68	1142.83	188.58	261.06	921.87
30-Jun-22	1606.65	408.82	84.41	345.44	915.58
Amount in ₹ Crore

Sula Vineyards Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	831.04	523.21	-15.94	299.95	368.24
31-Mar-21	751.6	421.53	3.01	304.74	301.26
30-Sep-21	717.55	160.46	4.53	344.32	262.45
31-Mar-22	758.56	456.7	52.14	395.26	228.93
30-Sep-22	770.95	225.76	30.51	449.18	214.64
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

65.58%

28.44%

Promoter Shareholding (Post-Issue)

53.41%

27.33%

P/E Ratio

16.78

49.24

Market Cap

₹5665.56 Cr.

₹3005.90 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Archean Chemical IPO retail investors (RII) are offered 37,00,492 shares while in Sula Vineyards IPO retail investors are offered 37,00,492 shares. Qualified institutional buyers (QIB) are offered 1,07,06,095 shares in Archean Chemical IPO and 53,80,106 shares in Sula Vineyards IPO.

	Archean Chemical IPO	Sula Vineyards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,07,06,095 shares	53,80,106 shares
NII	55,50,738 shares	40,35,080 shares
RII	37,00,492 shares	94,15,186 shares
Employee	0 shares	0 shares
Others
Total	1,99,57,325 shares	1,88,30,372 shares

Bids Received (Subscription)

Archean Chemical IPO subscribed 32.23x in total, whereas Sula Vineyards IPO subscribed 2.33x.

	Archean Chemical IPO	Sula Vineyards IPO
QIB (times)	48.91x	4.13x
NII (times)	14.90x	1.51x
Big NII (times)	16.90x	1.69x
Small NII (times)	10.92x	1.15x
RII (times)	9.96x	1.65x
Employee (times)
Other (times)
Total (times)	32.23x	2.33x

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