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Forcas Studio IPO vs Resourceful Automobile IPO

Comparison between Forcas Studio IPO and Resourceful Automobile IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price IPO proposed to list at NSE SME while Resourceful Automobile IPO is a SME Fixed Price proposed to list at BSE SME.

 Forcas Studio IPOResourceful Automobile IPO
LogoForcas Studio IPO LogoResourceful Automobile IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHorizon Management Pvt.Ltd.Swastika Investmart Ltd.
RegistrarMAS Services Ltd.Cameo Corporate Services Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Nikunj Stock Brokers 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 Resourceful Automobile IPO is up to ₹11.39 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Resourceful Automobile IPO is ₹117.00 per share.

 Forcas Studio IPOResourceful Automobile 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₹117.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size44,44,800 shares9,73,200 shares
Fresh Issue Size (Amount)up to ₹35.56 Crup to ₹11.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total44,44,800 shares9,73,200 shares
Issue Size Total (Amount)up to ₹35.56 Crup to ₹11.39 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Resourceful Automobile IPO opens on Aug 22, 2024. The closing date of Forcas Studio IPO and Resourceful Automobile IPO is Aug 21, 2024, and Aug 26, 2024, respectively.

 Forcas Studio IPOResourceful Automobile IPO
Anchor Bid DateAug 16, 2024
Issue OpenAug 19, 2024Aug 22, 2024
Issue CloseAug 21, 2024Aug 26, 2024
Basis Of Allotment (Tentative)Aug 22, 2024Aug 27, 2024
Initiation of Refunds (Tentative)Aug 23, 2024Aug 28, 2024
Credit of Share (Tentative)Aug 23, 2024Aug 28, 2024
Listing date (Tentative)Aug 26, 2024Aug 29, 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 Resourceful Automobile IPO P/E ratio of 45.99.

 Forcas Studio IPOResourceful Automobile 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

Resourceful Automobile Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,451.411,000.491,008.58429.46
Total Income1,723.641,938.261,250.11,127.26
Profit After Tax152.2441.528.730.16
Net Worth315.78163.5674.7846.05
Reserves and Surplus152.6766.2724.78-3.95
Total Borrowing992.34747.77673.73269.81
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)82.17100.00
Promoter Shareholding (Post-Issue)60.3061.41
P/E Ratio90.0945.99
Market Cap₹140.64 Cr.₹31.07 Cr.
ROE27.06%0.48
ROCE18.54%31.22
Debt/Equity1.50
EPS₹0.89₹2.54
RoNW27.06%0.48

Shares Offered

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

 Forcas Studio IPOResourceful Automobile IPO
Anchor Investor Reserveration13,31,200 shares
Market Maker Reserveration2,35,200 shares51,600 shares
QIB8,89,600 shares
NII6,67,200 shares4,75,200 shares
RII15,56,800 shares4,98,000 shares
Employee
Others
Total44,44,800 shares9,73,200 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Resourceful Automobile IPO subscribed 418.82x.

 Forcas Studio IPOResourceful Automobile IPO
QIB (times)205.39x
NII (times)701.85x315.61x
Big NII (times)
Small NII (times)
RII (times)415.82x496.22x
Employee (times)
Other (times)
Total (times)416.99x418.82x