Forcas Studio IPO vs Ideal Technoplast Industries IPO

Comparision between Forcas Studio IPO and Ideal Technoplast Industries IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Ideal Technoplast Industries IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Forcas Studio IPO	Ideal Technoplast Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Swastika Investmart Ltd
Registrar	Mas Services Limited	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Forcas Studio IPO is up to ₹37.44 Cr whereas the issue size of the Ideal Technoplast Industries IPO is up to ₹16.03 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Ideal Technoplast Industries IPO is ₹121.00 per share.

	Forcas Studio IPO	Ideal Technoplast Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹77.00 per share
Issue Price (Upper)	₹80.00 per share
Issue Price (Final)	₹80.00 per share	₹121.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	46,80,000 shares	13,25,000 shares
Fresh Issue Size (Amount)	up to ₹37.44 Cr	up to ₹16.03 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,80,000 shares	13,25,000 shares
Issue Size Total (Amount)	up to ₹37.44 Cr	up to ₹16.03 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Ideal Technoplast Industries IPO opens on Aug 21, 2024. The closing date of Forcas Studio IPO and Ideal Technoplast Industries IPO is Aug 21, 2024, and Aug 23, 2024, respectively.

	Forcas Studio IPO	Ideal Technoplast Industries IPO
Anchor Bid Date	Aug 16, 2024
Issue Open	Aug 19, 2024	Aug 21, 2024
Issue Close	Aug 21, 2024	Aug 23, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 26, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 27, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 27, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 28, 2024
Anchor Lockin End date 1	Sep 21, 2024
Anchor Lockin End date 2	Nov 20, 2024

Financials

Forcas Studio IPO P/E ratio is 90.09, as compared to Ideal Technoplast Industries IPO P/E ratio of 12.47.

Forcas Studio IPO

Ideal Technoplast Industries IPO

Financial

Forcas Studio Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,379.43	3,923.85	4,333.27	4,890.73
Revenue	9,648.78	7,162.42	5,380.44	5,113.14
Profit After Tax	553.31	114.55	78.44	55.55
Net Worth	1,901.97	860.26	830.84	711.94
Reserves and Surplus	611.97
Total Borrowing	2,861.04	2,325.26	2,419.99	2,437.92
Amount in ₹ Lakhs

Ideal Technoplast Industries Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,508.51	978	356.78	300.86
Revenue	2,424.11	1,199.79	568.13	569.47
Profit After Tax	326.61	50.62	10.53	9.82
Net Worth	743.07	188.6	137.98	127.45
Reserves and Surplus	375.57	48.95	-1.67	-12.19
Total Borrowing	456.89	586.04	146.56	118.62
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17%

100.00%

Promoter Shareholding (Post-Issue)

60.30%

73.50%

P/E Ratio

90.09

12.47

Market Cap

₹140.64 Cr.

₹60.50 Cr.

ROE

27.06%%

43.95%

ROCE

18.54%%

32.95%

Debt/Equity

1.5

EPS

₹0.89

₹9.70

RoNW

27.06%%

43.95%

Shares Offered

In the Forcas Studio IPO retail investors (RII) are offered 15,56,800 shares while in Ideal Technoplast 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 0 shares in Ideal Technoplast Industries IPO.

	Forcas Studio IPO	Ideal Technoplast Industries IPO
Anchor Investor Reserveration	13,31,200 shares
Market Maker Reserveration	2,35,200 shares	67,000 shares
QIB	8,89,600 shares	0 shares
NII	6,67,200 shares	6,29,000 shares
RII	15,56,800 shares	6,29,000 shares
Employee	0 shares	0 shares
Others
Total	31,13,600 shares	12,58,000 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Ideal Technoplast Industries IPO subscribed 116.75x.

	Forcas Studio IPO	Ideal Technoplast Industries IPO
QIB (times)	205.39x
NII (times)	701.85x	108.49x
Big NII (times)
Small NII (times)
RII (times)	415.82x	115.57x
Employee (times)
Other (times)
Total (times)	416.99x	116.75x

Compare with others

Forcas Studio IPO	Ideal Technoplast Industries IPO
Rapid Multimodal Logistics IPO	Paramatrix Technologies IPO
Indian Phosphate IPO	Jay Bee Laminations IPO
Resourceful Automobile IPO	Rapid Multimodal Logistics IPO
Ideal Technoplast Industries IPO	Indian Phosphate IPO
QVC Exports IPO	Resourceful Automobile IPO
Solve Plastic Products IPO	QVC Exports IPO
Broach Lifecare Hospital IPO	Forcas Studio IPO
Brace Port Logistics IPO	Solve Plastic Products IPO
Sunlite Recycling Industries IPO	Broach Lifecare Hospital IPO
Positron Energy IPO	Brace Port Logistics IPO

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