Comparison between Forge Auto International IPO and Subam Papers IPO.
Forge Auto International IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Subam Papers IPO is a SME Bookbuilding proposed to list at BSE SME.
| Forge Auto International IPO | Subam Papers IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Gretex Corporate Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Gretex Share Broking 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 Subam Papers IPO is up to ₹89.01 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Subam Papers IPO is ₹152.00 per share.
| Forge Auto International IPO | Subam Papers IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹102.00 per share | ₹144.00 per share |
| Issue Price (Upper) | ₹108.00 per share | ₹152.00 per share |
| Issue Price (Final) | ₹108.00 per share | ₹152.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 800 shares |
| Fresh Issue Size | 27,33,600 shares | 58,56,000 shares |
| Fresh Issue Size (Amount) | up to ₹29.52 Cr | up to ₹89.01 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 | 58,56,000 shares |
| Issue Size Total (Amount) | up to ₹29.52 Cr | up to ₹89.01 Cr |
Forge Auto International IPO opens on Sep 26, 2024, while Subam Papers IPO opens on Sep 30, 2024. The closing date of Forge Auto International IPO and Subam Papers IPO is Sep 30, 2024, and Oct 03, 2024, respectively.
| Forge Auto International IPO | Subam Papers IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | Sep 27, 2024 |
| Issue Open | Sep 26, 2024 | Sep 30, 2024 |
| Issue Close | Sep 30, 2024 | Oct 03, 2024 |
| Basis Of Allotment (Tentative) | Oct 01, 2024 | Oct 04, 2024 |
| Initiation of Refunds (Tentative) | Oct 03, 2024 | Oct 07, 2024 |
| Credit of Share (Tentative) | Oct 03, 2024 | Oct 07, 2024 |
| Listing date (Tentative) | Oct 04, 2024 | Oct 08, 2024 |
| Anchor Lockin End date 1 | Oct 31, 2024 | Nov 03, 2024 |
| Anchor Lockin End date 2 | Dec 30, 2024 | Jan 02, 2025 |
Forge Auto International IPO P/E ratio is 12.98, as compared to Subam Papers IPO P/E ratio of 7.77.
| Forge Auto International IPO | Subam Papers 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.
| Subam Papers Limited Financial Information (Restated Consolidated)Subam Papers Limited's revenue decreased by -3% and profit after tax (PAT) rose by 12574% between the financial year ending with March 31, 2024 and March 31, 2023.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 94.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.63 | 69.67 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 12.98 | 7.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹117.94 Cr. | ₹353.32 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 35.76% | 16.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.60% | 20.84% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.94 | 0.92 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.32 | ₹19.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.14% | 16.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Forge Auto International IPO Retail Individual Investors (RII) are offered 9,57,600 shares while in Subam Papers 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 11,71,200 shares in Subam Papers IPO.
| Forge Auto International IPO | Subam Papers IPO | |
|---|---|---|
| Anchor Investor Reserveration | 8,18,400 shares | 17,56,800 shares |
| Market Maker Reserveration | 1,46,400 shares | 3,08,800 shares |
| QIB | 5,47,200 shares | 11,71,200 shares |
| NII | 4,10,400 shares | 8,78,400 shares |
| RII | 9,57,600 shares | 20,49,600 shares |
| Employee | ||
| Others | ||
| Total | 27,33,600 shares | 58,56,000 shares |
Forge Auto International IPO subscribed 49.28x in total, whereas Subam Papers IPO subscribed 92.93x.
| Forge Auto International IPO | Subam Papers IPO | |
|---|---|---|
| QIB (times) | 20.13x | 57.18x |
| NII (times) | 58.55x | 243.16x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 61.95x | 48.97x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 49.28x | 92.93x |
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