DOMS IPO vs Happy Forgings IPO

Comparision between DOMS IPO and Happy Forgings IPO.

IPO Details

DOMS IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Happy Forgings IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DOMS IPO	Happy Forgings IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Bnp Paribas ICICI Securities Limited Iifl Securities Ltd	Jm Financial Limited Axis Capital Limited Equirus Capital Private Limited Motilal Oswal Investment Advisors Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 DOMS IPO is up to ₹1,200.00 Cr whereas the issue size of the Happy Forgings IPO is up to ₹1,008.59 Cr. The final issue price of DOMS IPO is ₹790.00 per share and of Happy Forgings IPO is ₹850.00 per share.

	DOMS IPO	Happy Forgings IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹750.00 per share	₹808.00 per share
Issue Price (Upper)	₹790.00 per share	₹850.00 per share
Issue Price (Final)	₹790.00 per share	₹850.00 per share
Discount (Retail)
Discount (Employee)	₹75.00 per share
Market Lot Size	18 shares	17 shares
Fresh Issue Size	44,30,380 shares	47,05,882 shares
Fresh Issue Size (Amount)	up to ₹350.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,07,59,493 shares	71,59,920 shares
OFS Issue Size (Amount)	up to ₹850.00 Cr	up to ₹608.59 Cr
Issue Size Total	1,51,89,873 shares	1,18,65,802 shares
Issue Size Total (Amount)	up to ₹1,200.00 Cr	up to ₹1,008.59 Cr

IPO Timetable

DOMS IPO opens on Dec 13, 2023, while Happy Forgings IPO opens on Dec 19, 2023. The closing date of DOMS IPO and Happy Forgings IPO is Dec 15, 2023, and Dec 21, 2023, respectively.

	DOMS IPO	Happy Forgings IPO
Anchor Bid Date	Dec 12, 2023	Dec 18, 2023
Issue Open	Dec 13, 2023	Dec 19, 2023
Issue Close	Dec 15, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 18, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 19, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 19, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 20, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 17, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 17, 2024	Mar 21, 2024

Financials

DOMS IPO P/E ratio is 43.19, as compared to Happy Forgings IPO P/E ratio of 36.45.

DOMS IPO

Happy Forgings IPO

Financial

DOMS Industries Limited Financial Information (Restated Consolidated)

DOMS Industries Limited's revenue increased by 77.28% and profit after tax (PAT) rose by 500.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	829.46	639.78	497.46	457.52
Revenue	764.22	1,216.52	686.23	408.79
Profit After Tax	73.91	102.87	17.14	-6.03
Net Worth	397.61	337.43	247.25	233.61
Reserves and Surplus	341.36	337.06	246.87	233.24
Total Borrowing	176.38	100.07	84.90	97.27
Amount in ₹ Crore

Happy Forgings Limited Financial Information (Restated Standalone)

Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,489.80	1,326.17	1,129.87	876.38
Revenue	675.73	1,202.27	866.11	590.81
Profit After Tax	119.30	208.70	142.29	86.45
Net Worth	1,103.33	988.31	787.62	645.16
Reserves and Surplus	1,088.25	978.66	769.72	636.21
Total Borrowing	258.97	218.52	240.35	153.47
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

88.24%

Promoter Shareholding (Post-Issue)

74.97%

78.60%

P/E Ratio

43.19

36.45

Market Cap

₹4793.77 Cr.

₹8007.42 Cr.

ROE

33.54%%

21.12%%

ROCE

33.31%%

24.24%%

Debt/Equity

0.28

EPS

₹18.29

₹23.32

RoNW

28.39%%

21.12%%

Shares Offered

In the DOMS IPO retail investors (RII) are offered 15,12,658 shares while in Happy Forgings IPO retail investors are offered 15,12,658 shares. Qualified institutional buyers (QIB) are offered 45,37,975 shares in DOMS IPO and 23,73,160 shares in Happy Forgings IPO.

	DOMS IPO	Happy Forgings IPO
Anchor Investor Reserveration	68,06,961 shares	35,59,740 shares
Market Maker Reserveration
QIB	45,37,975 shares	23,73,160 shares
NII	22,68,987 shares	17,79,870 shares
RII	15,12,658 shares	41,53,031 shares
Employee	0 shares	0 shares
Others
Total	83,19,620 shares	83,06,061 shares

Bids Received (Subscription)

DOMS IPO subscribed 99.34x in total, whereas Happy Forgings IPO subscribed 82.63x.

	DOMS IPO	Happy Forgings IPO
QIB (times)	122.16x	214.65x
NII (times)	70.06x	63.45x
Big NII (times)	71.27x	69.87x
Small NII (times)	67.65x	50.61x
RII (times)	73.38x	15.40x
Employee (times)
Other (times)
Total (times)	99.34x	82.63x

Compare with others

DOMS IPO	Happy Forgings IPO
RBZ Jewellers IPO	Inox CVA IPO
Motisons Jewellers IPO	Suraj Estate Developers IPO
Mukka Proteins IPO	RBZ Jewellers IPO
Happy Forgings IPO	Motisons Jewellers IPO
Muthoot Microfin IPO	Mukka Proteins IPO
Allied Blenders IPO	Muthoot Microfin IPO
Flair Writing IPO	DOMS IPO
IREDA IPO	Allied Blenders IPO
Fedbank Financial Services IPO	Flair Writing IPO
Gandhar Oil Refinery India IPO	IREDA IPO

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