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Forcas Studio IPO vs Rapid Multimodal Logistics IPO

Comparison between Forcas Studio IPO and Rapid Multimodal Logistics IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price IPO proposed to list at NSE SME while Rapid Multimodal Logistics IPO is a SME Fixed Price proposed to list at BSE SME.

 Forcas Studio IPORapid Multimodal Logistics IPO
LogoForcas Studio IPO LogoRapid Multimodal Logistics IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHorizon Management Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarMAS Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Gretex Share Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
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 Rapid Multimodal Logistics IPO is up to ₹8.06 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Rapid Multimodal Logistics IPO is ₹84.00 per share.

 Forcas Studio IPORapid Multimodal Logistics 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₹84.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size44,44,800 shares9,60,000 shares
Fresh Issue Size (Amount)up to ₹35.56 Crup to ₹8.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total44,44,800 shares9,60,000 shares
Issue Size Total (Amount)up to ₹35.56 Crup to ₹8.06 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Rapid Multimodal Logistics IPO opens on Aug 22, 2024. The closing date of Forcas Studio IPO and Rapid Multimodal Logistics IPO is Aug 21, 2024, and Aug 27, 2024, respectively.

 Forcas Studio IPORapid Multimodal Logistics IPO
Anchor Bid DateAug 16, 2024
Issue OpenAug 19, 2024Aug 22, 2024
Issue CloseAug 21, 2024Aug 27, 2024
Basis Of Allotment (Tentative)Aug 22, 2024Aug 28, 2024
Initiation of Refunds (Tentative)Aug 23, 2024Aug 29, 2024
Credit of Share (Tentative)Aug 23, 2024Aug 29, 2024
Listing date (Tentative)Aug 26, 2024Aug 30, 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 Rapid Multimodal Logistics IPO P/E ratio of 13.12.

 Forcas Studio IPORapid Multimodal Logistics IPO
Financials

Forcas Studio Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets12,379.433,923.854,333.274,890.73
Total Income9,648.787,162.425,380.445,113.14
Profit After Tax553.31114.5578.4455.55
Net Worth1,901.97860.26830.84711.94
Reserves and Surplus611.97
Total Borrowing2,861.042,325.262,419.992,437.92
Amount in ₹ Lakhs

Rapid Multimodal Logistics Limited Financial Information (Restated)

Rapid Multimodal Logistics Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -11% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets839.76699.14673.51
Total Income7,184.257,296.174,774.4
Profit After Tax179.23200.4895.43
Net Worth471.55300.59100.11
Reserves and Surplus191.55295.5995.11
Total Borrowing201.07227.88357.59
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)82.17100
Promoter Shareholding (Post-Issue)60.3073.47
P/E Ratio90.0913.12
Market Cap₹140.64 Cr.₹32.01 Cr.
ROE27.06%46.42%
ROCE18.54%48.98%
Debt/Equity1.500.19
EPS₹0.89₹6.40
RoNW27.06%38.01%

Shares Offered

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

 Forcas Studio IPORapid Multimodal Logistics IPO
Anchor Investor Reserveration13,31,200 shares
Market Maker Reserveration2,35,200 shares51,200 shares
QIB8,89,600 shares
NII6,67,200 shares4,80,000 shares
RII15,56,800 shares4,80,000 shares
Employee
Others
Total44,44,800 shares9,60,000 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Rapid Multimodal Logistics IPO subscribed 350.50x.

 Forcas Studio IPORapid Multimodal Logistics IPO
QIB (times)205.39x
NII (times)701.85x512.80x
Big NII (times)
Small NII (times)
RII (times)415.82x172.55x
Employee (times)
Other (times)
Total (times)416.99x350.50x