Comparison between Forge Auto International IPO and HVAX Technologies IPO.
Forge Auto International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while HVAX Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.
| Forge Auto International IPO | HVAX Technologies IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Hem Securities Ltd. | Fedex Securities Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Forge Auto International IPO is up to ₹29.52 Cr whereas the issue size of the HVAX Technologies IPO is up to ₹31.82 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of HVAX Technologies IPO is ₹458.00 per share.
| Forge Auto International IPO | HVAX Technologies IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹102.00 per share | ₹435.00 per share |
| Issue Price (Upper) | ₹108.00 per share | ₹458.00 per share |
| Issue Price (Final) | ₹108.00 per share | ₹458.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 300 shares |
| Fresh Issue Size | 27,33,600 shares | 6,94,800 shares |
| Fresh Issue Size (Amount) | up to ₹29.52 Cr | up to ₹31.82 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 | 27,33,600 shares | 6,94,800 shares |
| Issue Size Total (Amount) | up to ₹29.52 Cr | up to ₹31.82 Cr |
Forge Auto International IPO opens on Sep 26, 2024, while HVAX Technologies IPO opens on Sep 27, 2024. The closing date of Forge Auto International IPO and HVAX Technologies IPO is Sep 30, 2024, and Oct 01, 2024, respectively.
| Forge Auto International IPO | HVAX Technologies IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | Sep 26, 2024 |
| Issue Open | Sep 26, 2024 | Sep 27, 2024 |
| Issue Close | Sep 30, 2024 | Oct 01, 2024 |
| Basis Of Allotment (Tentative) | Oct 01, 2024 | Oct 03, 2024 |
| Initiation of Refunds (Tentative) | Oct 03, 2024 | Oct 04, 2024 |
| Credit of Share (Tentative) | Oct 03, 2024 | Oct 04, 2024 |
| Listing date (Tentative) | Oct 04, 2024 | Oct 07, 2024 |
| Anchor Lockin End date 1 | Oct 31, 2024 | Nov 01, 2024 |
| Anchor Lockin End date 2 | Dec 30, 2024 | Dec 31, 2024 |
Forge Auto International IPO P/E ratio is 12.98, as compared to HVAX Technologies IPO P/E ratio of 9.97.
| Forge Auto International IPO | HVAX Technologies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Forge Auto International Limited Financial Information (Restated)Forge Auto International Limited's revenue increased by 2% and profit after tax (PAT) rose by 35% between the financial year ending with March 31, 2024 and March 31, 2023.
| HVAX Technologies Limited Financial Information (Restated)HVAX Technologies Limited's revenue increased by 12% and profit after tax (PAT) rose by 80% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 90.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.63 | 66.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.98 | 9.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹117.94 Cr. | ₹127.18 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.76% | 39.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.60% | 25.17% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.94 | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.32 | ₹45.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.14% | 30.69% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forge Auto International IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in HVAX Technologies IPO retail investors are offered 9,57,600 shares. Qualified Institutional Buyers (QIB) are offered 5,47,200 shares in Forge Auto International IPO and 1,38,000 shares in HVAX Technologies IPO.
| Forge Auto International IPO | HVAX Technologies IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,18,400 shares | 2,07,000 shares |
| Market Maker Reserveration | 1,46,400 shares | 37,200 shares |
| QIB | 5,47,200 shares | 1,38,000 shares |
| NII | 4,10,400 shares | 1,05,300 shares |
| RII | 9,57,600 shares | 2,44,500 shares |
| Employee | ||
| Others | ||
| Total | 27,33,600 shares | 6,94,800 shares |
Forge Auto International IPO subscribed 49.28x in total, whereas HVAX Technologies IPO subscribed 34.16x.
| Forge Auto International IPO | HVAX Technologies IPO | |
|---|---|---|
| QIB (times) | 20.13x | 14.02x |
| NII (times) | 58.55x | 77.92x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 61.95x | 26.69x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 49.28x | 34.16x |
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