Comparison between Forcas Studio IPO and Indian Phosphate IPO.
Forcas Studio IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Indian Phosphate IPO is a SME Bookbuilding proposed to list at NSE SME.
| Forcas Studio IPO | Indian Phosphate IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | MAS Services Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Spread X Securities 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 Forcas Studio IPO is up to ₹35.56 Cr whereas the issue size of the Indian Phosphate IPO is up to ₹63.66 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Indian Phosphate IPO is ₹99.00 per share.
| Forcas Studio IPO | Indian Phosphate IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹77.00 per share | ₹94.00 per share |
| Issue Price (Upper) | ₹80.00 per share | ₹99.00 per share |
| Issue Price (Final) | ₹80.00 per share | ₹99.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 44,44,800 shares | 64,30,800 shares |
| Fresh Issue Size (Amount) | up to ₹35.56 Cr | up to ₹63.66 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 | 44,44,800 shares | 64,30,800 shares |
| Issue Size Total (Amount) | up to ₹35.56 Cr | up to ₹63.66 Cr |
Forcas Studio IPO opens on Aug 19, 2024, while Indian Phosphate IPO opens on Aug 26, 2024. The closing date of Forcas Studio IPO and Indian Phosphate IPO is Aug 21, 2024, and Aug 29, 2024, respectively.
| Forcas Studio IPO | Indian Phosphate IPO | |
|---|---|---|
| Anchor Bid Date | Aug 16, 2024 | Aug 23, 2024 |
| Issue Open | Aug 19, 2024 | Aug 26, 2024 |
| Issue Close | Aug 21, 2024 | Aug 29, 2024 |
| Basis Of Allotment (Tentative) | Aug 22, 2024 | Aug 30, 2024 |
| Initiation of Refunds (Tentative) | Aug 23, 2024 | Sep 02, 2024 |
| Credit of Share (Tentative) | Aug 23, 2024 | Sep 02, 2024 |
| Listing date (Tentative) | Aug 26, 2024 | Sep 03, 2024 |
| Anchor Lockin End date 1 | Sep 21, 2024 | Sep 29, 2024 |
| Anchor Lockin End date 2 | Nov 20, 2024 | Nov 28, 2024 |
Forcas Studio IPO P/E ratio is 90.09, as compared to Indian Phosphate IPO P/E ratio of 14.88.
| Forcas Studio IPO | Indian Phosphate IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Forcas Studio Limited Financial Information (Restated)
| Indian Phosphate Limited Financial Information (Restated Consolidated)Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 82.17 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.30 | 72.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 90.09 | 14.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹140.64 Cr. | ₹247.40 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 27.06% | 18.14% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.54% | 20.93% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.50 | 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹0.89 | ₹6.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.06% | 16.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forcas Studio IPO Retail Individual Investors (RII) are offered 15,56,800 shares while in Indian Phosphate IPO retail investors are offered 15,56,800 shares. Qualified Institutional Buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and 12,86,400 shares in Indian Phosphate IPO.
| Forcas Studio IPO | Indian Phosphate IPO | |
|---|---|---|
| Anchor Investor Reserveration | 13,31,200 shares | 19,28,400 shares |
| Market Maker Reserveration | 2,35,200 shares | 3,73,200 shares |
| QIB | 8,89,600 shares | 12,86,400 shares |
| NII | 6,67,200 shares | 9,64,800 shares |
| RII | 15,56,800 shares | 22,51,200 shares |
| Employee | ||
| Others | ||
| Total | 44,44,800 shares | 64,30,800 shares |
Forcas Studio IPO subscribed 416.99x in total, whereas Indian Phosphate IPO subscribed 267.89x.
| Forcas Studio IPO | Indian Phosphate IPO | |
|---|---|---|
| QIB (times) | 205.39x | 181.58x |
| NII (times) | 701.85x | 441.01x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 415.82x | 243.02x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 416.99x | 267.89x |
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