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Forcas Studio IPO vs Ideal Technoplast IPO

Comparison between Forcas Studio IPO and Ideal Technoplast IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price IPO proposed to list at NSE SME while Ideal Technoplast IPO is a SME Fixed Price proposed to list at NSE SME.

 Forcas Studio IPOIdeal Technoplast IPO
LogoForcas Studio IPO LogoIdeal Technoplast IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersHorizon Management Pvt.Ltd.Swastika Investmart Ltd.
RegistrarMAS Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Forcas Studio IPO is up to ₹35.56 Cr whereas the issue size of the Ideal Technoplast IPO is up to ₹15.22 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Ideal Technoplast IPO is ₹121.00 per share.

 Forcas Studio IPOIdeal Technoplast IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹77.00 per share
Issue Price (Upper)₹80.00 per share
Issue Price (Final)₹80.00 per share₹121.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1000 shares
Fresh Issue Size44,44,800 shares12,58,000 shares
Fresh Issue Size (Amount)up to ₹35.56 Crup to ₹15.22 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total44,44,800 shares12,58,000 shares
Issue Size Total (Amount)up to ₹35.56 Crup to ₹15.22 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Ideal Technoplast IPO opens on Aug 21, 2024. The closing date of Forcas Studio IPO and Ideal Technoplast IPO is Aug 21, 2024, and Aug 23, 2024, respectively.

 Forcas Studio IPOIdeal Technoplast IPO
Anchor Bid DateAug 16, 2024
Issue OpenAug 19, 2024Aug 21, 2024
Issue CloseAug 21, 2024Aug 23, 2024
Basis Of Allotment (Tentative)Aug 22, 2024Aug 26, 2024
Initiation of Refunds (Tentative)Aug 23, 2024Aug 27, 2024
Credit of Share (Tentative)Aug 23, 2024Aug 27, 2024
Listing date (Tentative)Aug 26, 2024Aug 28, 2024
Anchor Lockin End date 1Sep 21, 2024
Anchor Lockin End date 2Nov 20, 2024

Financials & KPIs

Forcas Studio IPO P/E ratio is 90.09, as compared to Ideal Technoplast IPO P/E ratio of 12.47.

 Forcas Studio IPOIdeal Technoplast IPO
Financials

Company Financials (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets123.7939.2443.3348.91
Total Income96.4971.6253.8051.13
Profit After Tax5.531.150.780.56
NET Worth19.028.608.317.12
Reserves and Surplus6.12
Total Borrowing28.6123.2524.2024.38
Amount in ₹ Crore

Company Financials (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets15.099.783.573.01
Total Income24.2412.005.685.69
Profit After Tax3.270.510.110.10
NET Worth7.431.891.381.27
Reserves and Surplus3.760.49-0.02-0.12
Total Borrowing4.575.861.471.19
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)82.17%100%
Promoter Shareholding (Post-Issue)60.3%73.5%
P/E Ratio90.0912.47
Market Cap₹140.64 Cr.₹60.50 Cr.
ROE27.0643.95
ROCE18.5432.95
Debt/Equity1.50
EPS₹0.89₹9.70
RoNW27.0643.95

Shares Offered

In the Forcas Studio IPO Retail Individual Investors (RII) are offered 15,56,800 shares while in Ideal Technoplast IPO retail investors are offered 15,56,800 shares. Qualified Institutional Buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and in Ideal Technoplast IPO.

 Forcas Studio IPOIdeal Technoplast IPO
Anchor Investor Reservation13,31,200 shares
Market Maker Reservation2,35,200 shares67,000 shares
QIB8,89,600 shares
NII6,67,200 shares6,27,000 shares
RII15,56,800 shares6,31,000 shares
Total44,44,800 shares12,58,000 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 292.10x in total, whereas Ideal Technoplast IPO subscribed 112.03x.

 Forcas Studio IPOIdeal Technoplast IPO
QIB (times)205.39x
NII (times)701.85x108.84x
RII (times)415.82x115.20x
Total (times)292.10x112.03x

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Compare:

Forcas Studio IPO Vs Ideal Technoplast IPO