AMIC Forging IPO vs Swashthik Plascon IPO

Comparision between AMIC Forging IPO and Swashthik Plascon IPO.

IPO Details

AMIC Forging IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Swashthik Plascon IPO is a SME Book Built Issue proposed to list at BSE SME.

	AMIC Forging IPO	Swashthik Plascon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Nikunj Stock Brokers 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 Swashthik Plascon IPO is up to ₹40.76 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

	AMIC Forging IPO	Swashthik Plascon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹80.00 per share
Issue Price (Upper)	₹126.00 per share	₹86.00 per share
Issue Price (Final)	₹126.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	27,62,000 shares	47,39,200 shares
Fresh Issue Size (Amount)	up to ₹34.80 Cr	up to ₹40.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,62,000 shares	47,39,200 shares
Issue Size Total (Amount)	up to ₹34.80 Cr	up to ₹40.76 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of AMIC Forging IPO and Swashthik Plascon IPO is Dec 01, 2023, and Nov 29, 2023, respectively.

	AMIC Forging IPO	Swashthik Plascon IPO
Anchor Bid Date	Nov 28, 2023	Nov 23, 2023
Issue Open	Nov 29, 2023	Nov 24, 2023
Issue Close	Dec 01, 2023	Nov 29, 2023
Basis Of Allotment (Tentative)	Dec 04, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Dec 05, 2023	Dec 05, 2023
Credit of Share (Tentative)	Dec 05, 2023	Dec 05, 2023
Listing date (Tentative)	Dec 06, 2023	Dec 05, 2023
Anchor Lockin End date 1	Jan 03, 2024	Jan 03, 2024
Anchor Lockin End date 2	Mar 03, 2024	Mar 03, 2024

Financials

AMIC Forging IPO P/E ratio is 1.01, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

AMIC Forging IPO

Swashthik Plascon 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

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Revenue	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.38%

60.00%

Promoter Shareholding (Post-Issue)

57.74%

43.81%

P/E Ratio

1.01

17.23

Market Cap

₹132.15 Cr.

₹151.05 Cr.

ROE

71.25%%

22.78%%

ROCE

55.78%%

17.30%%

Debt/Equity

0.26

2.89

EPS

₹12.83

₹4.99

RoNW

49.40%%

14.95%%

Shares Offered

In the AMIC Forging IPO retail investors (RII) are offered 9,19,000 shares while in Swashthik Plascon IPO retail investors are offered 9,19,000 shares. Qualified institutional buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 9,00,800 shares in Swashthik Plascon IPO.

	AMIC Forging IPO	Swashthik Plascon IPO
Anchor Investor Reserveration	7,86,000 shares	13,48,800 shares
Market Maker Reserveration	1,39,000 shares	2,38,400 shares
QIB	5,24,000 shares	9,00,800 shares
NII	3,94,000 shares	6,75,200 shares
RII	9,19,000 shares	15,76,000 shares
Employee	0 shares	0 shares
Others
Total	18,37,000 shares	31,52,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

	AMIC Forging IPO	Swashthik Plascon IPO
QIB (times)	91.43x	3.42x
NII (times)	589.27x	35.76x
Big NII (times)
Small NII (times)
RII (times)	273.01x	13.58x
Employee (times)
Other (times)
Total (times)	289.05x	15.43x

Compare with others

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Accent Microcell IPO	Graphisads IPO
Marinetrans India IPO	AMIC Forging IPO
Shanti Spintex IPO	Net Avenue Technologies IPO
Graphisads IPO	Deepak Chemtex IPO
Net Avenue Technologies IPO	Rockingdeals Circular Economy IPO
Deepak Chemtex IPO	Arrowhead Seperation Engineering IPO
Swashthik Plascon IPO	Kalyani Cast Tech IPO
Rockingdeals Circular Economy IPO	ROX Hi-Tech IPO
Arrowhead Seperation Engineering IPO	Sunrest Lifescience IPO

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