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Advance Technoforge IPO vs Icon Facilitators IPO

Comparison between Advance Technoforge IPO and Icon Facilitators IPO.

IPO Details

Advance Technoforge IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Icon Facilitators IPO is a SME Bookbuilding proposed to list at BSE SME.

 Advance Technoforge IPOIcon Facilitators IPO
LogoAdvance Technoforge IPO LogoIcon Facilitators IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersSun Capital Advisory Services Pvt.Ltd.Khambatta Securities Ltd.
RegistrarKfin Technologies Ltd.Maashitla Securities Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP
Anchor Investor
IPO Allotment URLIPO Allotment URL

Issue Size and Price

The total issue size of Advance Technoforge IPO is up to ₹0.00 Cr whereas the issue size of the Icon Facilitators IPO is up to ₹18.15 Cr. The final issue price of Advance Technoforge IPO is and of Icon Facilitators IPO is ₹91.00 per share.

 Advance Technoforge IPOIcon Facilitators IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹85.00 per share
Issue Price (Upper)₹91.00 per share
Issue Price (Final)₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size1200 shares
Fresh Issue Size25,30,000 shares19,94,400 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹18.15 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,30,000 shares19,94,400 shares
Issue Size Total (Amount)up to ₹0.00 Crup to ₹18.15 Cr

IPO Timetable

Advance Technoforge IPO opens on , while Icon Facilitators IPO opens on Jun 24, 2025. The closing date of Advance Technoforge IPO and Icon Facilitators IPO is , and Jun 26, 2025, respectively.

 Advance Technoforge IPOIcon Facilitators IPO
Anchor Bid Date
Issue OpenJun 24, 2025
Issue CloseJun 26, 2025
Basis Of Allotment (Tentative)Jun 27, 2025
Initiation of Refunds (Tentative)Jun 30, 2025
Credit of Share (Tentative)Jun 30, 2025
Listing date (Tentative)Jul 01, 2025
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Advance Technoforge IPO P/E ratio is , as compared to Icon Facilitators IPO P/E ratio of 11.72.

 Advance Technoforge IPOIcon Facilitators IPO
Financials

Advance Technoforge Limited Financial Information (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets33.2829.1522.1722
Total Income26.0148.2437.9131.56
Profit After Tax1.351.70.750.4
Net Worth8.286.935.224.47
Reserves and Surplus1.786.444.733.98
Amount in ₹ Crore

Icon Facilitators Limited Financial Information (Restated)

Icon Facilitators Limited's revenue increased by 16% and profit after tax (PAT) rose by 154% between the financial year ending with March 31, 2025 and March 31, 2024.

Period Ended31 Mar 202531 Mar 202431 Mar 2023
Assets23.9517.6614.93
Total Income58.0749.8542.96
Profit After Tax4.471.761.92
EBITDA6.552.893.12
Net Worth12.695.954.19
Reserves and Surplus6.935.944.18
Total Borrowing0.000.000.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10095.65
Promoter Shareholding (Post-Issue)70.09
P/E Ratio11.72
Market Cap₹71.52 Cr.
ROE24.62%35.23%
ROCE18.07%37.09%
Debt/Equity1.620.35
EPS₹7.76
RoNW24.62%35.23%

Shares Offered

In the Advance Technoforge IPO Retail Individual Investors (RII) are offered while in Icon Facilitators IPO retail investors are offered . Qualified Institutional Buyers (QIB) are offered in Advance Technoforge IPO and in Icon Facilitators IPO.

 Advance Technoforge IPOIcon Facilitators IPO
Anchor Investor Reserveration
Market Maker Reserveration1,05,600 shares
QIB
NII9,46,800 shares
RII9,46,800 shares
Employee
Others
Total19,94,400 shares

Bids Received (Subscription)

Advance Technoforge IPO subscribed in total, whereas Icon Facilitators IPO subscribed 2.49x.

 Advance Technoforge IPOIcon Facilitators IPO
QIB (times)2.18x
NII (times)0.92x
Big NII (times)
Small NII (times)
RII (times)4.10x
Employee (times)
Other (times)
Total (times)2.49x