Comparison between Happy Forgings IPO and Suraj Estate Developers IPO.
Happy Forgings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.
| Happy Forgings IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹5 per share |
| Issue Price (Lower) | ₹808.00 per share | ₹340.00 per share |
| Issue Price (Upper) | ₹850.00 per share | ₹360.00 per share |
| Issue Price (Final) | ₹850.00 per share | ₹360.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 17 shares | 41 shares |
| Fresh Issue Size | 47,05,882 shares | 1,11,11,111 shares |
| Fresh Issue Size (Amount) | up to ₹400.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 71,59,920 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹608.59 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,18,65,802 shares | 1,11,11,111 shares |
| Issue Size Total (Amount) | up to ₹1,008.59 Cr | up to ₹400.00 Cr |
Happy Forgings IPO opens on Dec 19, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Happy Forgings IPO and Suraj Estate Developers IPO is Dec 21, 2023, and Dec 20, 2023, respectively.
| Happy Forgings IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Dec 15, 2023 |
| Issue Open | Dec 19, 2023 | Dec 18, 2023 |
| Issue Close | Dec 21, 2023 | Dec 20, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 21, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 26, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Jan 20, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 20, 2024 |
Happy Forgings IPO P/E ratio is 36.45, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.
| Happy Forgings IPO | Suraj Estate Developers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.24 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 78.60 | 74.95 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 36.45 | 35.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8007.42 Cr. | ₹1597.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.12% | 58.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.24% | 21.93% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 8.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.32 | ₹10.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.12% | 58.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Forgings IPO Retail Individual Investors (RII) are offered 41,53,031 shares while in Suraj Estate Developers IPO retail investors are offered 41,53,031 shares. Qualified Institutional Buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 22,22,222 shares in Suraj Estate Developers IPO.
| Happy Forgings IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Anchor Investor Reservation | 35,59,740 shares | 33,33,333 shares |
| Market Maker Reservation | ||
| QIB | 23,73,160 shares | 22,22,222 shares |
| NII | 17,79,871 shares | 16,66,667 shares |
| RII | 41,53,031 shares | 38,88,889 shares |
| Employee | ||
| Others | ||
| Total | 1,18,65,802 shares | 1,11,11,111 shares |
Happy Forgings IPO subscribed 82.63x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.
| Happy Forgings IPO | Suraj Estate Developers IPO | |
|---|---|---|
| QIB (times) | 214.65x | 25.74x |
| NII (times) | 63.45x | 20.02x |
| Big NII (times) | 69.87x | 18.37x |
| Small NII (times) | 50.61x | 23.31x |
| RII (times) | 15.40x | 9.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 82.63x | 16.57x |
