Forcas Studio IPO vs Indian Phosphate IPO

Comparision between Forcas Studio IPO and Indian Phosphate IPO.

IPO Details

Forcas Studio IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Indian Phosphate IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forcas Studio IPO	Indian Phosphate IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Mas Services Limited	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Spread X Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
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 Indian Phosphate IPO is up to ₹67.36 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Indian Phosphate IPO is .

	Forcas Studio IPO	Indian Phosphate IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹77.00 per share	₹94.00 per share
Issue Price (Upper)	₹80.00 per share	₹99.00 per share
Issue Price (Final)	₹80.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	46,80,000 shares	68,04,000 shares
Fresh Issue Size (Amount)	up to ₹37.44 Cr	up to ₹67.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,80,000 shares	68,04,000 shares
Issue Size Total (Amount)	up to ₹37.44 Cr	up to ₹67.36 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Indian Phosphate IPO opens on Aug 26, 2024. The closing date of Forcas Studio IPO and Indian Phosphate IPO is Aug 21, 2024, and Aug 29, 2024, respectively.

	Forcas Studio IPO	Indian Phosphate IPO
Anchor Bid Date	Aug 16, 2024	Aug 23, 2024
Issue Open	Aug 19, 2024	Aug 26, 2024
Issue Close	Aug 21, 2024	Aug 29, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 30, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Sep 02, 2024
Credit of Share (Tentative)	Aug 23, 2024	Sep 02, 2024
Listing date (Tentative)	Aug 26, 2024	Sep 03, 2024
Anchor Lockin End date 1	Sep 21, 2024	Sep 29, 2024
Anchor Lockin End date 2	Nov 20, 2024	Nov 28, 2024

Financials

Forcas Studio IPO P/E ratio is 58.82, as compared to Indian Phosphate IPO P/E ratio of 14.88.

Forcas Studio IPO

Indian Phosphate 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

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	25,518.6	17,407.45	10,789.93	6,313.71
Revenue	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves and Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17%

100.00%

Promoter Shareholding (Post-Issue)

60.30%

P/E Ratio

58.82

14.88

Market Cap

₹247.40 Cr.

ROE

27.06%%

18.14%%

ROCE

18.54%%

20.93%%

Debt/Equity

1.5

EPS

₹1.36

₹6.65

RoNW

27.06%%

16.63%%

Shares Offered

In the Forcas Studio IPO retail investors (RII) are offered 15,56,800 shares while in Indian Phosphate IPO retail investors are offered 15,56,800 shares. Qualified institutional buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and in Indian Phosphate IPO.

	Forcas Studio IPO	Indian Phosphate IPO
Anchor Investor Reserveration	13,31,200 shares	1,91,28,400 shares
Market Maker Reserveration	2,35,200 shares	3,73,200 shares
QIB	8,89,600 shares
NII	6,67,200 shares
RII	15,56,800 shares
Employee	0 shares
Others
Total	31,13,600 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Indian Phosphate IPO subscribed .

	Forcas Studio IPO	Indian Phosphate IPO
QIB (times)	205.39x
NII (times)	701.85x
Big NII (times)
Small NII (times)
RII (times)	415.82x
Employee (times)
Other (times)
Total (times)	416.99x

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Forcas Studio IPO	Indian Phosphate IPO
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Indian Phosphate IPO	Aeron Composite IPO
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