Comparison between Forcas Studio IPO and Solve Plastic Products IPO.
Forcas Studio IPO is a SME Fixed Price IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price proposed to list at NSE SME.
| Forcas Studio IPO | Solve Plastic Products 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. | Finshore Management Services Ltd. |
| Registrar | MAS Services Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Black Fox Financial Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Forcas Studio IPO is up to ₹35.56 Cr whereas the issue size of the Solve Plastic Products IPO is up to ₹11.25 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Solve Plastic Products IPO is ₹91.00 per share.
| Forcas Studio IPO | Solve Plastic Products 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 | ₹91.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 44,44,800 shares | 12,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹35.56 Cr | up to ₹11.25 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 44,44,800 shares | 12,36,000 shares |
| Issue Size Total (Amount) | up to ₹35.56 Cr | up to ₹11.25 Cr |
Forcas Studio IPO opens on Aug 19, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Forcas Studio IPO and Solve Plastic Products IPO is Aug 21, 2024, and Aug 16, 2024, respectively.
| Forcas Studio IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Bid Date | Aug 16, 2024 | |
| Issue Open | Aug 19, 2024 | Aug 13, 2024 |
| Issue Close | Aug 21, 2024 | Aug 16, 2024 |
| Basis Of Allotment (Tentative) | Aug 22, 2024 | Aug 19, 2024 |
| Initiation of Refunds (Tentative) | Aug 23, 2024 | Aug 20, 2024 |
| Credit of Share (Tentative) | Aug 23, 2024 | Aug 20, 2024 |
| Listing date (Tentative) | Aug 26, 2024 | Aug 21, 2024 |
| Anchor Lockin End date 1 | Sep 21, 2024 | |
| Anchor Lockin End date 2 | Nov 20, 2024 |
Forcas Studio IPO P/E ratio is 90.09, as compared to Solve Plastic Products IPO P/E ratio of 23.2.
| Forcas Studio IPO | Solve Plastic Products IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Forcas Studio Limited Financial Information (Restated)
| Solve Plastic Products Limited Financial Information (Restated)Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 82.17 | 90.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.30 | 63.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 90.09 | 23.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹140.64 Cr. | ₹39.75 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 27.06% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.54% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.50 | 2.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹0.89 | ₹3.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.06% | 32.47% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forcas Studio IPO Retail Individual Investors (RII) are offered 15,56,800 shares while in Solve Plastic Products 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 Solve Plastic Products IPO.
| Forcas Studio IPO | Solve Plastic Products IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,31,200 shares | |
| Market Maker Reserveration | 2,35,200 shares | 66,000 shares |
| QIB | 8,89,600 shares | |
| NII | 6,67,200 shares | 6,18,000 shares |
| RII | 15,56,800 shares | 6,18,000 shares |
| Employee | ||
| Others | ||
| Total | 44,44,800 shares | 12,36,000 shares |
Forcas Studio IPO subscribed 416.99x in total, whereas Solve Plastic Products IPO subscribed 34.23x.
| Forcas Studio IPO | Solve Plastic Products IPO | |
|---|---|---|
| QIB (times) | 205.39x | |
| NII (times) | 701.85x | 19.47x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 415.82x | 46.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 416.99x | 34.23x |
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