Comparison between Forge Auto International IPO and Nexxus Petro Industries IPO.
Forge Auto International IPO is a SME Fixed Price IPO proposed to list at NSE SME while Nexxus Petro Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| Forge Auto International IPO | Nexxus Petro Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Srujan Alpha Capital Advisors LLP |
| Registrar | Bigshare Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Gretex Share Broking 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 Forge Auto International IPO is up to ₹29.52 Cr whereas the issue size of the Nexxus Petro Industries IPO is up to ₹18.45 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Nexxus Petro Industries IPO is ₹105.00 per share.
| Forge Auto International IPO | Nexxus Petro Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹102.00 per share | |
| Issue Price (Upper) | ₹108.00 per share | |
| Issue Price (Final) | ₹108.00 per share | ₹105.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 27,33,600 shares | 17,56,800 shares |
| Fresh Issue Size (Amount) | up to ₹29.52 Cr | up to ₹18.45 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 | 17,56,800 shares |
| Issue Size Total (Amount) | up to ₹29.52 Cr | up to ₹18.45 Cr |
Forge Auto International IPO opens on Sep 26, 2024, while Nexxus Petro Industries IPO opens on Sep 26, 2024. The closing date of Forge Auto International IPO and Nexxus Petro Industries IPO is Sep 30, 2024, and Sep 30, 2024, respectively.
| Forge Auto International IPO | Nexxus Petro Industries IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | |
| Issue Open | Sep 26, 2024 | Sep 26, 2024 |
| Issue Close | Sep 30, 2024 | Sep 30, 2024 |
| Basis Of Allotment (Tentative) | Oct 01, 2024 | Oct 01, 2024 |
| Initiation of Refunds (Tentative) | Oct 03, 2024 | Oct 03, 2024 |
| Credit of Share (Tentative) | Oct 03, 2024 | Oct 03, 2024 |
| Listing date (Tentative) | Oct 04, 2024 | Oct 04, 2024 |
| Anchor Lockin End date 1 | Oct 31, 2024 | |
| Anchor Lockin End date 2 | Dec 30, 2024 |
Forge Auto International IPO P/E ratio is 12.98, as compared to Nexxus Petro Industries IPO P/E ratio of 15.37.
| Forge Auto International IPO | Nexxus Petro Industries 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.
| Nexxus Petro Industries Limited Financial Information (Restated)Nexxus Petro Industries Limited's revenue increased by 67% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.63 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.98 | 15.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹117.94 Cr. | ₹72.98 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.76% | 61.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.60% | 20.81% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.94 | 2.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.32 | ₹6.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.14% | 40.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forge Auto International IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Nexxus Petro Industries 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 in Nexxus Petro Industries IPO.
| Forge Auto International IPO | Nexxus Petro Industries IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,18,400 shares | |
| Market Maker Reserveration | 1,46,400 shares | 93,600 shares |
| QIB | 5,47,200 shares | |
| NII | 4,10,400 shares | 8,78,400 shares |
| RII | 9,57,600 shares | 8,78,400 shares |
| Employee | ||
| Others | ||
| Total | 27,33,600 shares | 17,56,800 shares |
Forge Auto International IPO subscribed 49.28x in total, whereas Nexxus Petro Industries IPO subscribed 8.44x.
| Forge Auto International IPO | Nexxus Petro Industries IPO | |
|---|---|---|
| QIB (times) | 20.13x | |
| NII (times) | 58.55x | 8.41x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 61.95x | 8.48x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 49.28x | 8.44x |
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