Comparison between Forge Auto International IPO and Sahasra Electronic Solutions IPO.
Forge Auto International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sahasra Electronic Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.
| Forge Auto International IPO | Sahasra Electronic Solutions 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. | Hem Securities Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Hem Finlease 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 Sahasra Electronic Solutions IPO is up to ₹176.83 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Sahasra Electronic Solutions IPO is ₹283.00 per share.
| Forge Auto International IPO | Sahasra Electronic Solutions IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹102.00 per share | ₹269.00 per share |
| Issue Price (Upper) | ₹108.00 per share | ₹283.00 per share |
| Issue Price (Final) | ₹108.00 per share | ₹283.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 400 shares |
| Fresh Issue Size | 27,33,600 shares | 57,48,400 shares |
| Fresh Issue Size (Amount) | up to ₹29.52 Cr | up to ₹162.68 Cr |
| OFS Issue Size | 0 shares | 5,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹14.15 Cr |
| Issue Size Total | 27,33,600 shares | 62,48,400 shares |
| Issue Size Total (Amount) | up to ₹29.52 Cr | up to ₹176.83 Cr |
Forge Auto International IPO opens on Sep 26, 2024, while Sahasra Electronic Solutions IPO opens on Sep 26, 2024. The closing date of Forge Auto International IPO and Sahasra Electronic Solutions IPO is Sep 30, 2024, and Sep 30, 2024, respectively.
| Forge Auto International IPO | Sahasra Electronic Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | 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 | Oct 31, 2024 |
| Anchor Lockin End date 2 | Dec 30, 2024 | Dec 30, 2024 |
Forge Auto International IPO P/E ratio is 12.98, as compared to Sahasra Electronic Solutions IPO P/E ratio of 16.41.
| Forge Auto International IPO | Sahasra Electronic Solutions 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.
| Sahasra Electronics Solutions Limited Financial Information (Restated)Sahasra Electronics Solutions Limited's revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 95.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.63 | 69.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.98 | 16.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹117.94 Cr. | ₹707.30 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.76% | 54.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.60% | 42.50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.94 | 0.36 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.32 | ₹17.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.14% | 54.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forge Auto International IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Sahasra Electronic Solutions 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 12,49,600 shares in Sahasra Electronic Solutions IPO.
| Forge Auto International IPO | Sahasra Electronic Solutions IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,18,400 shares | 18,74,000 shares |
| Market Maker Reserveration | 1,46,400 shares | 3,29,600 shares |
| QIB | 5,47,200 shares | 12,49,600 shares |
| NII | 4,10,400 shares | 9,37,600 shares |
| RII | 9,57,600 shares | 21,87,200 shares |
| Employee | ||
| Others | ||
| Total | 27,33,600 shares | 62,48,400 shares |
Forge Auto International IPO subscribed 49.28x in total, whereas Sahasra Electronic Solutions IPO subscribed 122.06x.
| Forge Auto International IPO | Sahasra Electronic Solutions IPO | |
|---|---|---|
| QIB (times) | 20.13x | 100.80x |
| NII (times) | 58.55x | 260.46x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 61.95x | 74.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 49.28x | 122.06x |
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