HMA Agro Industries IPO vs ideaForge Technology IPO

Comparision between HMA Agro Industries IPO and ideaForge Technology IPO.

IPO Details

HMA Agro Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ideaForge Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HMA Agro Industries IPO	ideaForge Technology 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	Aryaman Financial Services Limited	Jm Financial Limited Iifl Securities Ltd
Registrar	Bigshare Services Pvt 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 HMA Agro Industries IPO is up to ₹480.00 Cr whereas the issue size of the ideaForge Technology IPO is up to ₹567.29 Cr. The final issue price of HMA Agro Industries IPO is ₹585.00 per share and of ideaForge Technology IPO is ₹672.00 per share.

	HMA Agro Industries IPO	ideaForge Technology IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹555.00 per share	₹638.00 per share
Issue Price (Upper)	₹585.00 per share	₹672.00 per share
Issue Price (Final)	₹585.00 per share	₹672.00 per share
Discount (Retail)
Discount (Employee)		₹32.00 per share
Market Lot Size	25 shares	22 shares
Fresh Issue Size	25,64,102 shares	35,72,052 shares
Fresh Issue Size (Amount)	up to ₹150.00 Cr	up to ₹240.00 Cr
OFS Issue Size	56,41,025 shares	48,69,712 shares
OFS Issue Size (Amount)	up to ₹330.00 Cr	up to ₹327.25 Cr
Issue Size Total	82,05,127 shares	84,41,764 shares
Issue Size Total (Amount)	up to ₹480.00 Cr	up to ₹567.29 Cr

IPO Timetable

HMA Agro Industries IPO opens on Jun 20, 2023, while ideaForge Technology IPO opens on Jun 26, 2023. The closing date of HMA Agro Industries IPO and ideaForge Technology IPO is Jun 23, 2023, and Jun 30, 2023, respectively.

	HMA Agro Industries IPO	ideaForge Technology IPO
Anchor Bid Date	Jun 19, 2023	Jun 23, 2023
Issue Open	Jun 20, 2023	Jun 26, 2023
Issue Close	Jun 23, 2023	Jun 30, 2023
Basis Of Allotment (Tentative)	Jun 29, 2023	Jul 05, 2023
Initiation of Refunds (Tentative)	Jun 30, 2023	Jul 06, 2023
Credit of Share (Tentative)	Jul 03, 2023	Jul 07, 2023
Listing date (Tentative)	Jul 04, 2023	Jul 07, 2023
Anchor Lockin End date 1	Jul 29, 2023	Aug 04, 2023
Anchor Lockin End date 2	Sep 27, 2023	Oct 03, 2023

Financials

HMA Agro Industries IPO P/E ratio is 19.4, as compared to ideaForge Technology IPO P/E ratio of 87.5.

HMA Agro Industries IPO

ideaForge Technology IPO

Financial

HMA Agro Industries Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-19	549.27	2,784.03	31.17	141.45	137.73	131.98
31-Mar-20	472.85	2,416.61	45.90	187.05	183.32	169.13
31-Mar-21	572.04	1,720.40	71.60	258.69	254.92	181.34
31-Mar-22	856.11	3,138.98	117.62	374.65	327.03	330.02
Amount in ₹ Crore

ideaForge Technology Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	79.79	16.32	-13.45	68.12	68.05	5.30
31-Mar-21	123.74	36.34	-14.63	59.63	59.63	50.57
31-Mar-22	222.33	161.45	44.01	163.30	110.28	5.68
31-Mar-23	487.93	196.40	31.99	324.72		86.50
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

33.37%

Promoter Shareholding (Post-Issue)

30.19%

P/E Ratio

19.4

87.5

Market Cap

₹2929.50 Cr.

₹2800.20 Cr.

ROE

13.11%%

ROCE

0.33%

12.51%%

Debt/Equity

0.75

0.27

EPS

₹18.83

₹8.12

RoNW

28.78%%

9.85%%

Shares Offered

In the HMA Agro Industries IPO retail investors (RII) are offered 30,27,027 shares while in ideaForge Technology IPO retail investors are offered 30,27,027 shares. Qualified institutional buyers (QIB) are offered 17,29,729 shares in HMA Agro Industries IPO and 25,28,596 shares in ideaForge Technology IPO.

	HMA Agro Industries IPO	ideaForge Technology IPO
Anchor Investor Reserveration	24,61,537 shares
Market Maker Reserveration
QIB	17,29,729 shares	25,28,596 shares
NII	12,97,298 shares	12,64,297 shares
RII	30,27,027 shares	8,42,865 shares
Employee	0 shares	13,112 shares
Others
Total	60,54,054 shares	46,48,870 shares

Bids Received (Subscription)

HMA Agro Industries IPO subscribed 1.62x in total, whereas ideaForge Technology IPO subscribed 106.06x.

	HMA Agro Industries IPO	ideaForge Technology IPO
QIB (times)	1.74x	125.81x
NII (times)	2.97x	80.58x
Big NII (times)	3.82x	81.99x
Small NII (times)	1.29x	77.77x
RII (times)	0.96x	85.20x
Employee (times)		96.65x
Other (times)
Total (times)	1.62x	106.06x

Compare with others

HMA Agro Industries IPO	ideaForge Technology IPO
Netweb Technologies India IPO	Yatharth Hospital IPO
Utkarsh Small Finance Bank IPO	Netweb Technologies India IPO
Senco Gold IPO	Utkarsh Small Finance Bank IPO
Cyient DLM IPO	Senco Gold IPO
ideaForge Technology IPO	Cyient DLM IPO
IKIO Lighting IPO	HMA Agro Industries IPO
Tata Technologies IPO	IKIO Lighting IPO
Nexus Select Trust REIT	Tata Technologies IPO
Mankind Pharma IPO	Nexus Select Trust REIT
Avalon Technologies IPO	Mankind Pharma IPO

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