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ideaForge Technology IPO vs Tata Technologies IPO

Comparison between ideaForge Technology IPO and Tata Technologies IPO.

IPO Details

ideaForge Technology IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Tata Technologies IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 ideaForge Technology IPOTata Technologies IPO
LogoideaForge Technology IPO LogoTata Technologies IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersIIFL Capital Services Ltd.

JM Financial Ltd.		BOFA Securities India Ltd.

Citigroup Global Markets India Pvt.Ltd.

JM Financial Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of ideaForge Technology IPO is up to ₹567.24 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Tata Technologies IPO is ₹500.00 per share.

 ideaForge Technology IPOTata Technologies IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹638.00 per share₹475.00 per share
Issue Price (Upper)₹672.00 per share₹500.00 per share
Issue Price (Final)₹672.00 per share₹500.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹32.00 per share₹0.00 per share
Market Lot Size22 shares30 shares
Fresh Issue Size35,72,052 shares0 shares
Fresh Issue Size (Amount)up to ₹240.02 Crup to ₹0.00 Cr
OFS Issue Size48,69,712 shares6,08,50,278 shares
OFS Issue Size (Amount)up to ₹327.22 Crup to ₹3,042.51 Cr
Issue Size Total84,41,764 shares6,08,50,278 shares
Issue Size Total (Amount)up to ₹567.24 Crup to ₹3,042.51 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of ideaForge Technology IPO and Tata Technologies IPO is Jun 30, 2023, and Nov 24, 2023, respectively.

 ideaForge Technology IPOTata Technologies IPO
Anchor Bid DateJun 23, 2023Nov 21, 2023
Issue OpenJun 26, 2023Nov 22, 2023
Issue CloseJun 30, 2023Nov 24, 2023
Basis Of Allotment (Tentative)Jul 05, 2023Nov 28, 2023
Initiation of Refunds (Tentative)Jul 06, 2023Nov 29, 2023
Credit of Share (Tentative)Jul 07, 2023Nov 29, 2023
Listing date (Tentative)Jul 07, 2023Nov 30, 2023
Anchor Lockin End date 1Aug 04, 2023Dec 28, 2023
Anchor Lockin End date 2Oct 03, 2023Feb 26, 2024

Financials & KPIs

ideaForge Technology IPO P/E ratio is 87.5, as compared to Tata Technologies IPO P/E ratio of 32.53.

 ideaForge Technology IPOTata Technologies IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets487.93222.33123.7479.79
Total Income196.40161.4536.3416.32
Profit After Tax31.9944.01-14.63-13.45
NET Worth324.72163.3059.6368.12
Reserves and Surplus110.2859.6368.05
Total Borrowing86.505.6850.575.30
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,142.425,201.494,218.003,572.74
Total Income2,587.424,501.933,578.382,425.74
Profit After Tax351.90624.04436.99239.17
NET Worth2,853.132,989.472,280.162,142.15
Reserves and Surplus2,455.292,605.602,028.931,897.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)33.3766.79
Promoter Shareholding (Post-Issue)30.1955.39
P/E Ratio87.532.53
Market Cap₹2800.20 Cr.₹20283.43 Cr.
ROE13.11%
ROCE12.51%
Debt/Equity0.27
EPS₹8.12₹15.37
RoNW9.85%20.87%

Shares Offered

In the ideaForge Technology IPO Retail Individual Investors (RII) are offered 8,42,865 shares while in Tata Technologies IPO retail investors are offered 8,42,865 shares. Qualified Institutional Buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 1,05,47,382 shares in Tata Technologies IPO.

 ideaForge Technology IPOTata Technologies IPO
Anchor Investor Reservation37,92,894 shares1,58,21,071 shares
Market Maker Reservation0 shares
QIB25,28,596 shares1,05,47,382 shares
NII12,64,297 shares79,10,537 shares
RII8,42,865 shares1,84,57,919 shares
Employee13,112 shares20,28,342 shares
Others
Total84,41,764 shares6,08,50,278 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Tata Technologies IPO subscribed 69.43x.

 ideaForge Technology IPOTata Technologies IPO
QIB (times)125.81x203.41x
NII (times)80.58x62.11x
Big NII (times)81.99x70.67x
Small NII (times)77.77x44.98x
RII (times)85.20x16.50x
Employee (times)96.65x3.70x
Other (times)29.20x
Total (times)106.06x69.43x

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