Forcas Studio IPO vs QVC Exports IPO

Comparison between Forcas Studio IPO and QVC Exports IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price IPO proposed to list at NSE SME while QVC Exports IPO is a SME Fixed Price proposed to list at NSE SME.

	Forcas Studio IPO	QVC Exports IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Pvt.Ltd.	Khandwala Securities Ltd.
Registrar	MAS Services Ltd.	Cameo Corporate Services Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Aftertrade Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 QVC Exports IPO is up to ₹22.86 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of QVC Exports IPO is ₹86.00 per share.

	Forcas Studio IPO	QVC Exports 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	₹86.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	44,44,800 shares	19,08,800 shares
Fresh Issue Size (Amount)	up to ₹35.56 Cr	up to ₹16.42 Cr
OFS Issue Size	0 shares	7,48,800 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹6.44 Cr
Issue Size Total	44,44,800 shares	26,57,600 shares
Issue Size Total (Amount)	up to ₹35.56 Cr	up to ₹22.86 Cr

IPO Timetable

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

	Forcas Studio IPO	QVC Exports IPO
Anchor Bid Date	Aug 16, 2024
Issue Open	Aug 19, 2024	Aug 21, 2024
Issue Close	Aug 21, 2024	Aug 23, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 26, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 27, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 27, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 28, 2024
Anchor Lockin End date 1	Sep 21, 2024
Anchor Lockin End date 2	Nov 20, 2024

Financials & KPIs

Forcas Studio IPO P/E ratio is 90.09, as compared to QVC Exports IPO P/E ratio of 18.4.

Forcas Studio IPO

QVC Exports IPO

Financials

Forcas Studio Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,379.43	3,923.85	4,333.27	4,890.73
Total Income	9,648.78	7,162.42	5,380.44	5,113.14
Profit After Tax	553.31	114.55	78.44	55.55
Net Worth	1,901.97	860.26	830.84	711.94
Reserves and Surplus	611.97
Total Borrowing	2,861.04	2,325.26	2,419.99	2,437.92
Amount in ₹ Lakhs

QVC Exports Limited Financial Information (Restated Consolidated)

QVC Exports Limited's revenue increased by 112% and profit after tax (PAT) rose by 129% 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	9,386.23	6,489.81	5,461.44
Total Income	45,462.68	21,471.14	12,782.5
Profit After Tax	392.76	171.48	90.54
Net Worth	3,407.9	2,802.99	2,668.09
Reserves and Surplus	2,567.73	2,382.91	2,208.79
Total Borrowing	4,981.73	3,227.57	2,159.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17

99.98

Promoter Shareholding (Post-Issue)

60.30

73.22

P/E Ratio

90.09

18.4

Market Cap

₹140.64 Cr.

₹89.88 Cr.

ROE

27.06%

7.20%

ROCE

18.54%

34.22%

Debt/Equity

1.50

1.46

EPS

₹0.89

₹4.67

RoNW

27.06%

17.75%

Shares Offered

In the Forcas Studio IPO Retail Individual Investors (RII) are offered 15,56,800 shares while in QVC Exports 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 QVC Exports IPO.

	Forcas Studio IPO	QVC Exports IPO
Anchor Investor Reserveration	13,31,200 shares
Market Maker Reserveration	2,35,200 shares	1,40,800 shares
QIB	8,89,600 shares
NII	6,67,200 shares	13,28,000 shares
RII	15,56,800 shares	13,29,600 shares
Employee
Others
Total	44,44,800 shares	26,57,600 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas QVC Exports IPO subscribed 535.00x.

	Forcas Studio IPO	QVC Exports IPO
QIB (times)	205.39x
NII (times)	701.85x	596.57x
Big NII (times)
Small NII (times)
RII (times)	415.82x	418.64x
Employee (times)
Other (times)
Total (times)	416.99x	535.00x

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