Northern Arc Capital IPO vs Tolins Tyres IPO

Comparision between Northern Arc Capital IPO and Tolins Tyres IPO.

IPO Details

Northern Arc Capital IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tolins Tyres IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Northern Arc Capital IPO	Tolins Tyres 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	Saffron Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services 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 Northern Arc Capital IPO is up to ₹777.00 Cr whereas the issue size of the Tolins Tyres IPO is up to ₹230.00 Cr. The final issue price of Northern Arc Capital IPO is ₹263.00 per share and of Tolins Tyres IPO is ₹226.00 per share.

	Northern Arc Capital IPO	Tolins Tyres IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹249.00 per share	₹215.00 per share
Issue Price (Upper)	₹263.00 per share	₹226.00 per share
Issue Price (Final)	₹263.00 per share	₹226.00 per share
Discount (Retail)
Discount (Employee)	₹24.00 per share
Market Lot Size	57 shares	66 shares
Fresh Issue Size	1,90,11,407 shares	88,49,558 shares
Fresh Issue Size (Amount)	up to ₹500.00 Cr	up to ₹200.00 Cr
OFS Issue Size	1,05,32,320 shares	13,27,434 shares
OFS Issue Size (Amount)	up to ₹277.00 Cr	up to ₹30.00 Cr
Issue Size Total	2,95,43,727 shares	1,01,76,992 shares
Issue Size Total (Amount)	up to ₹777.00 Cr	up to ₹230.00 Cr

IPO Timetable

Northern Arc Capital IPO opens on Sep 16, 2024, while Tolins Tyres IPO opens on Sep 09, 2024. The closing date of Northern Arc Capital IPO and Tolins Tyres IPO is Sep 19, 2024, and Sep 11, 2024, respectively.

	Northern Arc Capital IPO	Tolins Tyres IPO
Anchor Bid Date	Sep 13, 2024	Sep 06, 2024
Issue Open	Sep 16, 2024	Sep 09, 2024
Issue Close	Sep 19, 2024	Sep 11, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 12, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 13, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 13, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 16, 2024
Anchor Lockin End date 1	Oct 19, 2024	Oct 12, 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 Tolins Tyres IPO P/E ratio of 26.64.

Northern Arc Capital IPO

Tolins Tyres 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

Tolins Tyres Limited Financial Information (Restated Consolidated)

Period Ended	31 Mar 2024
Assets	221.6
Revenue	228.69
Profit After Tax	26.01
Net Worth	100.53
Reserves and Surplus	85.07
Total Borrowing	78.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

92.64%

Promoter Shareholding (Post-Issue)

68.53%

P/E Ratio

11.78

26.64

Market Cap

₹4242.86 Cr.

₹892.90 Cr.

ROE

25.87%%

ROCE

36.08%%

Debt/Equity

3.9

0.78

EPS

₹22.32

₹8.48

RoNW

13.32%%

25.87%%

Shares Offered

In the Northern Arc Capital IPO retail investors (RII) are offered 1,01,52,384 shares while in Tolins Tyres 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 20,35,398 shares in Tolins Tyres IPO.

	Northern Arc Capital IPO	Tolins Tyres IPO
Anchor Investor Reserveration	87,02,031 shares	30,53,097 shares
Market Maker Reserveration
QIB	58,01,354 shares	20,35,398 shares
NII	43,51,016 shares	15,26,549 shares
RII	1,01,52,384 shares	35,61,947 shares
Employee	0 shares	0 shares
Others
Total	2,03,04,754 shares	71,23,894 shares

Bids Received (Subscription)

Northern Arc Capital IPO subscribed 117.19x in total, whereas Tolins Tyres IPO subscribed 25.03x.

	Northern Arc Capital IPO	Tolins Tyres IPO
QIB (times)	242.73x	26.72x
NII (times)	147.58x	28.80x
Big NII (times)	160.48x	26.39x
Small NII (times)	121.79x	33.63x
RII (times)	32.01x	22.45x
Employee (times)
Other (times)
Total (times)	117.19x	25.03x

Compare with others

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

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