Forge Auto International IPO vs Thinking Hats Entertainment Solutions IPO

Comparision between Forge Auto International IPO and Thinking Hats Entertainment Solutions IPO.

IPO Details

Forge Auto International IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thinking Hats Entertainment Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forge Auto International IPO	Thinking Hats Entertainment Solutions 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	Hem Securities Limited	Horizon Financial Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Hem Finlease Private Limited	Giriraj Stock 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 Forge Auto International IPO is up to ₹31.10 Cr whereas the issue size of the Thinking Hats Entertainment Solutions IPO is up to ₹15.09 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Thinking Hats Entertainment Solutions IPO is ₹44.00 per share.

	Forge Auto International IPO	Thinking Hats Entertainment Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹42.00 per share
Issue Price (Upper)	₹108.00 per share	₹44.00 per share
Issue Price (Final)	₹108.00 per share	₹44.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	28,80,000 shares	34,29,000 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹15.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	34,29,000 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹15.09 Cr

IPO Timetable

Forge Auto International IPO opens on Sep 26, 2024, while Thinking Hats Entertainment Solutions IPO opens on Sep 25, 2024. The closing date of Forge Auto International IPO and Thinking Hats Entertainment Solutions IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

	Forge Auto International IPO	Thinking Hats Entertainment Solutions IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 25, 2024
Issue Close	Sep 30, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 03, 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 Thinking Hats Entertainment Solutions IPO P/E ratio of 12.89.

Forge Auto International IPO

Thinking Hats Entertainment Solutions 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

Thinking Hats Entertainment Solutions Limited Financial Information (Restated)

Thinking Hats Entertainment Solutions Limited's revenue increased by 20% and profit after tax (PAT) rose by 54% 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	2,403.22	1,456.81	641.14
Revenue	2,670.1	2,227.8	1,245.2
Profit After Tax	309.16	200.79	37.21
Net Worth	1,099.86	573.26	372.47
Reserves and Surplus	1,012.28	497.01	296.22
Total Borrowing	543.46	413.65	29.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

78.29%

Promoter Shareholding (Post-Issue)

73.63%

P/E Ratio

12.98

12.89

Market Cap

₹117.94 Cr.

₹54.94 Cr.

ROE

35.76%%

28.11%%

ROCE

17.60%%

29.37%%

Debt/Equity

1.94

0.49

EPS

₹8.32

₹3.41

RoNW

32.14%%

28.11%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in Thinking Hats Entertainment Solutions 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 3,24,000 shares in Thinking Hats Entertainment Solutions IPO.

	Forge Auto International IPO	Thinking Hats Entertainment Solutions IPO
Anchor Investor Reserveration	8,18,400 shares
Market Maker Reserveration	1,46,400 shares	1,80,000 shares
QIB	5,47,200 shares	3,24,000 shares
NII	4,10,400 shares	8,76,000 shares
RII	9,57,600 shares	20,49,000 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	32,49,000 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 49.28x in total, whereas Thinking Hats Entertainment Solutions IPO subscribed 322.19x.

	Forge Auto International IPO	Thinking Hats Entertainment Solutions IPO
QIB (times)	20.13x	67.67x
NII (times)	58.55x	356.81x
Big NII (times)
Small NII (times)
RII (times)	61.95x	347.64x
Employee (times)
Other (times)
Total (times)	49.28x	322.19x

Compare with others

Forge Auto International IPO	Thinking Hats Entertainment Solutions IPO
NeoPolitan Pizza and Foods IPO	HVAX Technologies IPO
Subam Papers IPO	Nexxus Petro Industries IPO
Paramount Dye Tec IPO	Forge Auto International IPO
HVAX Technologies IPO	Sahasra Electronics Solutions IPO
Nexxus Petro Industries IPO	Saj Hotels IPO
Sahasra Electronics Solutions IPO	Unilex Colours and Chemicals IPO
Saj Hotels IPO	TechEra Engineering IPO
Thinking Hats Entertainment Solutions IPO	Divyadhan Recycling Industries IPO
Unilex Colours and Chemicals IPO	Kalana Ispat IPO
TechEra Engineering IPO	Avi Ansh Textile IPO

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