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Forcas Studio IPO vs Sunlite Recycling Industries IPO

Comparison between Forcas Studio IPO and Sunlite Recycling Industries IPO.

IPO Details

Forcas Studio IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

 Forcas Studio IPOSunlite Recycling Industries IPO
LogoForcas Studio IPO LogoSunlite Recycling Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersHorizon Management Pvt.Ltd.Hem Securities Ltd.
RegistrarMAS Services Ltd.Cameo Corporate Services Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Forcas Studio IPO is up to ₹35.56 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹28.68 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

 Forcas Studio IPOSunlite Recycling Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹77.00 per share₹100.00 per share
Issue Price (Upper)₹80.00 per share₹105.00 per share
Issue Price (Final)₹80.00 per share₹105.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size44,44,800 shares27,31,200 shares
Fresh Issue Size (Amount)up to ₹35.56 Crup to ₹28.68 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total44,44,800 shares27,31,200 shares
Issue Size Total (Amount)up to ₹35.56 Crup to ₹28.68 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Forcas Studio IPO and Sunlite Recycling Industries IPO is Aug 21, 2024, and Aug 14, 2024, respectively.

 Forcas Studio IPOSunlite Recycling Industries IPO
Anchor Bid DateAug 16, 2024Aug 09, 2024
Issue OpenAug 19, 2024Aug 12, 2024
Issue CloseAug 21, 2024Aug 14, 2024
Basis Of Allotment (Tentative)Aug 22, 2024Aug 16, 2024
Initiation of Refunds (Tentative)Aug 23, 2024Aug 19, 2024
Credit of Share (Tentative)Aug 23, 2024Aug 19, 2024
Listing date (Tentative)Aug 26, 2024Aug 20, 2024
Anchor Lockin End date 1Sep 21, 2024Sep 15, 2024
Anchor Lockin End date 2Nov 20, 2024Nov 14, 2024

Financials & KPIs

Forcas Studio IPO P/E ratio is 90.09, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.

 Forcas Studio IPOSunlite Recycling Industries IPO
Financials

Forcas Studio Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets12,379.433,923.854,333.274,890.73
Total Income9,648.787,162.425,380.445,113.14
Profit After Tax553.31114.5578.4455.55
Net Worth1,901.97860.26830.84711.94
Reserves and Surplus611.97
Total Borrowing2,861.042,325.262,419.992,437.92
Amount in ₹ Lakhs

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets6,321.247,162.564,802.053,743.20
Total Income116,655.09115,039.9193,791.8039,400.84
Profit After Tax890.36560.27426.03252.55
Net Worth2,003.90362.081,158.58622.18
Reserves and Surplus1,203.90312.08
Total Borrowing3,491.744,646.822,532.381,711.39
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)82.17100.00
Promoter Shareholding (Post-Issue)60.3073.53
P/E Ratio90.099.43
Market Cap₹140.64 Cr.₹114.24 Cr.
ROE27.06%75.26%
ROCE18.54%29.49%
Debt/Equity1.501.74
EPS₹0.89₹11.13
RoNW27.06%44.43%

Shares Offered

In the Forcas Studio IPO Retail Individual Investors (RII) are offered 15,56,800 shares while in Sunlite Recycling Industries IPO retail investors are offered 15,56,800 shares. Qualified Institutional Buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

 Forcas Studio IPOSunlite Recycling Industries IPO
Anchor Investor Reserveration13,31,200 shares8,18,400 shares
Market Maker Reserveration2,35,200 shares1,48,800 shares
QIB8,89,600 shares5,46,000 shares
NII6,67,200 shares4,10,400 shares
RII15,56,800 shares9,56,400 shares
Employee
Others
Total44,44,800 shares27,31,200 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

 Forcas Studio IPOSunlite Recycling Industries IPO
QIB (times)205.39x109.05x
NII (times)701.85x584.10x
Big NII (times)
Small NII (times)
RII (times)415.82x252.00x
Employee (times)
Other (times)
Total (times)416.99x282.45x