Comparison between Forge Auto International IPO and Saj Hotels IPO.
Forge Auto International IPO is a SME Fixed Price IPO proposed to list at NSE SME while Saj Hotels IPO is a SME Fixed Price proposed to list at NSE SME.
| Forge Auto International IPO | Saj Hotels IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Hem Securities Ltd. | Corpwis Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Satellite Corporate Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | NNM Securities 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 Saj Hotels IPO is up to ₹26.23 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Saj Hotels IPO is ₹65.00 per share.
| Forge Auto International IPO | Saj Hotels 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 | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 27,33,600 shares | 40,36,000 shares |
| Fresh Issue Size (Amount) | up to ₹29.52 Cr | up to ₹26.23 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 | 40,36,000 shares |
| Issue Size Total (Amount) | up to ₹29.52 Cr | up to ₹26.23 Cr |
Forge Auto International IPO opens on Sep 26, 2024, while Saj Hotels IPO opens on Sep 27, 2024. The closing date of Forge Auto International IPO and Saj Hotels IPO is Sep 30, 2024, and Oct 01, 2024, respectively.
| Forge Auto International IPO | Saj Hotels IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 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 | |
| Anchor Lockin End date 2 | Dec 30, 2024 |
Forge Auto International IPO P/E ratio is 12.98, as compared to Saj Hotels IPO P/E ratio of 21.7.
| Forge Auto International IPO | Saj Hotels 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.
| Saj Hotels Limited Financial Information (Restated Consolidated)Saj Hotels Limited's revenue increased by 13.52% and profit after tax (PAT) dropped by -3.11% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 84.12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.63 | 61.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.98 | 21.7 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹117.94 Cr. | ₹104.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.76% | 19.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.60% | 26.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.94 | 0.17 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.32 | ₹3.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.14% | 19.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forge Auto International IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Saj Hotels 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 Saj Hotels IPO.
| Forge Auto International IPO | Saj Hotels IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,18,400 shares | |
| Market Maker Reserveration | 1,46,400 shares | 2,14,000 shares |
| QIB | 5,47,200 shares | |
| NII | 4,10,400 shares | 20,18,000 shares |
| RII | 9,57,600 shares | 20,18,000 shares |
| Employee | ||
| Others | ||
| Total | 27,33,600 shares | 40,36,000 shares |
Forge Auto International IPO subscribed 49.28x in total, whereas Saj Hotels IPO subscribed 5.46x.
| Forge Auto International IPO | Saj Hotels IPO | |
|---|---|---|
| QIB (times) | 20.13x | |
| NII (times) | 58.55x | 2.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 61.95x | 8.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 49.28x | 5.46x |
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