AMIC Forging IPO vs Rockingdeals Circular Economy IPO

Comparision between AMIC Forging IPO and Rockingdeals Circular Economy IPO.

IPO Details

AMIC Forging IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Rockingdeals Circular Economy IPO is a SME Book Built Issue proposed to list at NSE SME.

	AMIC Forging IPO	Rockingdeals Circular Economy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Ss Corporate Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹34.80 Cr whereas the issue size of the Rockingdeals Circular Economy IPO is up to ₹21.00 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Rockingdeals Circular Economy IPO is ₹140.00 per share.

	AMIC Forging IPO	Rockingdeals Circular Economy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹136.00 per share
Issue Price (Upper)	₹126.00 per share	₹140.00 per share
Issue Price (Final)	₹126.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	27,62,000 shares	15,00,000 shares
Fresh Issue Size (Amount)	up to ₹34.80 Cr	up to ₹21.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,62,000 shares	15,00,000 shares
Issue Size Total (Amount)	up to ₹34.80 Cr	up to ₹21.00 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Rockingdeals Circular Economy IPO opens on Nov 22, 2023. The closing date of AMIC Forging IPO and Rockingdeals Circular Economy IPO is Dec 01, 2023, and Nov 24, 2023, respectively.

	AMIC Forging IPO	Rockingdeals Circular Economy IPO
Anchor Bid Date	Nov 28, 2023	Nov 21, 2023
Issue Open	Nov 29, 2023	Nov 22, 2023
Issue Close	Dec 01, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Dec 04, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Dec 05, 2023	Nov 29, 2023
Credit of Share (Tentative)	Dec 05, 2023	Nov 29, 2023
Listing date (Tentative)	Dec 06, 2023	Nov 30, 2023
Anchor Lockin End date 1	Jan 03, 2024	Dec 28, 2023
Anchor Lockin End date 2	Mar 03, 2024	Feb 26, 2024

Financials

AMIC Forging IPO P/E ratio is 1.01, as compared to Rockingdeals Circular Economy IPO P/E ratio of 33.33.

AMIC Forging IPO

Rockingdeals Circular Economy IPO

Financial

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,367.84	6,107.99	3,163.87	1,622.07
Revenue	2,979.32	11,683.01	7,138.82	2,643.37
Profit After Tax	359.94	980.01	86.59	56.27
Net Worth	2,338.43	1,983.75	767.28	680.69
Reserves and Surplus	2,252.58	1,897.90	696.21	609.62
Total Borrowing	287.37	385.17	1,071.32	436.50
Amount in ₹ Lakhs

Rocking Deals Circular Economy Limited Financial Information (Restated)

Rocking Deals Circular Economy Limited's revenue decreased by -1.01% and profit after tax (PAT) rose by 974.19% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,437.45	1,226.60	1,397.27	1,863.09
Revenue	958.15	1,517.53	1,533.08	1,069.62
Profit After Tax	125.15	154.34	14.37	-1.48
Net Worth	818.46	693.31	538.97	539.48
Reserves and Surplus	450.58	681.05	526.71	527.21
Total Borrowing	372.81	393.20	406.10	411.85
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.38%

88.45%

Promoter Shareholding (Post-Issue)

57.74%

65.00%

P/E Ratio

1.01

33.33

Market Cap

₹132.15 Cr.

₹79.23 Cr.

ROE

71.25%%

25.05%%

ROCE

55.78%%

22.73%%

Debt/Equity

0.26

EPS

₹12.83

₹4.20

RoNW

49.40%%

22.26%%

Shares Offered

In the AMIC Forging IPO retail investors (RII) are offered 9,19,000 shares while in Rockingdeals Circular Economy IPO retail investors are offered 9,19,000 shares. Qualified institutional buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 2,80,000 shares in Rockingdeals Circular Economy IPO.

	AMIC Forging IPO	Rockingdeals Circular Economy IPO
Anchor Investor Reserveration	7,86,000 shares	4,20,000 shares
Market Maker Reserveration	1,39,000 shares	85,000 shares
QIB	5,24,000 shares	2,80,000 shares
NII	3,94,000 shares	2,15,000 shares
RII	9,19,000 shares	5,00,000 shares
Employee	0 shares	0 shares
Others
Total	18,37,000 shares	9,95,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Rockingdeals Circular Economy IPO subscribed 213.64x.

	AMIC Forging IPO	Rockingdeals Circular Economy IPO
QIB (times)	91.43x	47.38x
NII (times)	589.27x	458.60x
Big NII (times)
Small NII (times)
RII (times)	273.01x	201.42x
Employee (times)
Other (times)
Total (times)	289.05x	213.64x

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Rockingdeals Circular Economy IPO	Sunrest Lifescience IPO
Arrowhead Seperation Engineering IPO	Sheetal Universal IPO

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