Forge Auto International IPO vs Nexxus Petro Industries IPO

Comparision between Forge Auto International IPO and Nexxus Petro Industries IPO.

IPO Details

Forge Auto International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Nexxus Petro Industries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Forge Auto International IPO	Nexxus Petro Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Srujan Alpha Capital Advisors Llp
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Forge Auto International IPO is up to ₹31.10 Cr whereas the issue size of the Nexxus Petro Industries IPO is up to ₹19.43 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Nexxus Petro Industries IPO is ₹105.00 per share.

	Forge Auto International IPO	Nexxus Petro Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share
Issue Price (Upper)	₹108.00 per share
Issue Price (Final)	₹108.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	28,80,000 shares	18,50,400 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹19.43 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	18,50,400 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹19.43 Cr

IPO Timetable

Forge Auto International IPO opens on Sep 26, 2024, while Nexxus Petro Industries IPO opens on Sep 26, 2024. The closing date of Forge Auto International IPO and Nexxus Petro Industries IPO is Sep 30, 2024, and Sep 30, 2024, respectively.

	Forge Auto International IPO	Nexxus Petro Industries IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 26, 2024
Issue Close	Sep 30, 2024	Sep 30, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 01, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 03, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 03, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 04, 2024
Anchor Lockin End date 1	Oct 31, 2024
Anchor Lockin End date 2	Dec 30, 2024

Financials

Forge Auto International IPO P/E ratio is 12.98, as compared to Nexxus Petro Industries IPO P/E ratio of 15.37.

Forge Auto International IPO

Nexxus Petro Industries IPO

Financial

Forge Auto International Limited Financial Information (Restated)

Forge Auto International Limited's revenue increased by 2% and profit after tax (PAT) rose by 35% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	10,148.67	8,274.29	5,677.94
Revenue	18,157.3	17,764.43	13,400.28
Profit After Tax	668.88	496.29	264.34
Net Worth	2,020.88	1,660.35	1,367.73
Reserves and Surplus	1,276.88
Total Borrowing	4,046	3,183.2	2,620.16
Amount in ₹ Lakhs

Nexxus Petro Industries Limited Financial Information (Restated)

Nexxus Petro Industries Limited's revenue increased by 67% and profit after tax (PAT) rose by 73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,892.55	1,644.96	932.77
Revenue	23,837.57	14,283.95	4,847.02
Profit After Tax	348.47	200.87	54.06
Net Worth	863.4	264.93	54.06
Reserves and Surplus	353.4	254.93	54.06
Total Borrowing	2,161.43	835.1	369.83
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.63%

P/E Ratio

12.98

15.37

Market Cap

₹117.94 Cr.

₹72.98 Cr.

ROE

35.76%%

61.77%%

ROCE

17.60%%

20.81%%

Debt/Equity

1.94

2.5

EPS

₹8.32

₹6.83

RoNW

32.14%%

40.36%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in Nexxus Petro Industries IPO retail investors are offered 9,57,600 shares. Qualified institutional buyers (QIB) are offered 5,47,200 shares in Forge Auto International IPO and 0 shares in Nexxus Petro Industries IPO.

	Forge Auto International IPO	Nexxus Petro Industries IPO
Anchor Investor Reserveration	8,18,400 shares
Market Maker Reserveration	1,46,400 shares	93,600 shares
QIB	5,47,200 shares	0 shares
NII	4,10,400 shares	8,78,400 shares
RII	9,57,600 shares	8,78,400 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	17,56,801 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 5.43x in total, whereas Nexxus Petro Industries IPO subscribed 0.96x.

	Forge Auto International IPO	Nexxus Petro Industries IPO
QIB (times)	6.55x
NII (times)	2.32x	0.01x
Big NII (times)
Small NII (times)
RII (times)	6.13x	1.91x
Employee (times)
Other (times)
Total (times)	5.43x	0.96x

Compare with others

Forge Auto International IPO	Nexxus Petro Industries IPO
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