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AMIC Forging IPO vs Rockingdeals Circular IPO

Comparison between AMIC Forging IPO and Rockingdeals Circular IPO.

IPO Details

AMIC Forging IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rockingdeals Circular IPO is a SME Bookbuilding proposed to list at NSE SME.

 AMIC Forging IPORockingdeals Circular IPO
LogoAMIC Forging IPO LogoRockingdeals Circular IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹33.05 Cr whereas the issue size of the Rockingdeals Circular IPO is up to ₹19.81 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Rockingdeals Circular IPO is ₹140.00 per share.

 AMIC Forging IPORockingdeals Circular IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share₹136.00 per share
Issue Price (Upper)₹126.00 per share₹140.00 per share
Issue Price (Final)₹126.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1000 shares
Fresh Issue Size26,23,000 shares14,15,000 shares
Fresh Issue Size (Amount)up to ₹33.05 Crup to ₹19.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,23,000 shares14,15,000 shares
Issue Size Total (Amount)up to ₹33.05 Crup to ₹19.81 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Rockingdeals Circular IPO opens on Nov 22, 2023. The closing date of AMIC Forging IPO and Rockingdeals Circular IPO is Dec 01, 2023, and Nov 24, 2023, respectively.

 AMIC Forging IPORockingdeals Circular IPO
Anchor Bid DateNov 28, 2023Nov 21, 2023
Issue OpenNov 29, 2023Nov 22, 2023
Issue CloseDec 01, 2023Nov 24, 2023
Basis Of Allotment (Tentative)Dec 04, 2023Nov 28, 2023
Initiation of Refunds (Tentative)Dec 05, 2023Nov 29, 2023
Credit of Share (Tentative)Dec 05, 2023Nov 29, 2023
Listing date (Tentative)Dec 06, 2023Nov 30, 2023
Anchor Lockin End date 1Jan 03, 2024Dec 28, 2023
Anchor Lockin End date 2Mar 03, 2024Feb 26, 2024

Financials & KPIs

AMIC Forging IPO P/E ratio is 1.01, as compared to Rockingdeals Circular IPO P/E ratio of 33.33.

 AMIC Forging IPORockingdeals Circular IPO
Financials

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,367.846,107.993,163.871,622.07
Total Income2,979.3211,683.017,138.822,643.37
Profit After Tax359.94980.0186.5956.27
Net Worth2,338.431,983.75767.28680.69
Reserves and Surplus2,252.581,897.90696.21609.62
Total Borrowing287.37385.171,071.32436.50
Amount in ₹ Lakhs

Rocking Deals Circular Economy Limited Financial Information (Restated)

Rocking Deals Circular Economy Limited's revenue decreased by -1.01% and profit after tax (PAT) rose by 974.19% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,437.451,226.601,397.271,863.09
Total Income958.151,517.531,533.081,069.62
Profit After Tax125.15154.3414.37-1.48
Net Worth818.46693.31538.97539.48
Reserves and Surplus450.58681.05526.71527.21
Total Borrowing372.81393.20406.10411.85
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)78.3888.45
Promoter Shareholding (Post-Issue)57.7465.00
P/E Ratio1.0133.33
Market Cap₹132.15 Cr.₹79.23 Cr.
ROE71.25%25.05%
ROCE55.78%22.73%
Debt/Equity0.26
EPS₹12.83₹4.20
RoNW49.40%22.26%

Shares Offered

In the AMIC Forging IPO Retail Individual Investors (RII) are offered 9,19,000 shares while in Rockingdeals Circular IPO retail investors are offered 9,19,000 shares. Qualified Institutional Buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 2,80,000 shares in Rockingdeals Circular IPO.

 AMIC Forging IPORockingdeals Circular IPO
Anchor Investor Reserveration7,86,000 shares4,20,000 shares
Market Maker Reserveration1,39,000 shares85,000 shares
QIB5,24,000 shares2,80,000 shares
NII3,94,000 shares2,15,000 shares
RII9,19,000 shares5,00,000 shares
Employee
Others
Total26,23,000 shares14,15,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Rockingdeals Circular IPO subscribed 213.64x.

 AMIC Forging IPORockingdeals Circular IPO
QIB (times)91.43x47.38x
NII (times)589.27x458.60x
Big NII (times)
Small NII (times)
RII (times)273.01x201.42x
Employee (times)
Other (times)
Total (times)289.05x213.64x