ideaForge Technology IPO vs Senco Gold IPO

Comparision between ideaForge Technology IPO and Senco Gold IPO.

IPO Details

ideaForge Technology IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Senco Gold IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ideaForge Technology IPO	Senco Gold 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 Iifl Securities Ltd	Iifl Securities Ltd Ambit Private Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 ideaForge Technology IPO is up to ₹567.29 Cr whereas the issue size of the Senco Gold IPO is up to ₹405.00 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Senco Gold IPO is ₹317.00 per share.

	ideaForge Technology IPO	Senco Gold IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹638.00 per share	₹301.00 per share
Issue Price (Upper)	₹672.00 per share	₹317.00 per share
Issue Price (Final)	₹672.00 per share	₹317.00 per share
Discount (Retail)
Discount (Employee)	₹32.00 per share
Market Lot Size	22 shares	47 shares
Fresh Issue Size	35,72,052 shares	85,17,350 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹270.00 Cr
OFS Issue Size	48,69,712 shares	42,58,675 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr	up to ₹135.00 Cr
Issue Size Total	84,41,764 shares	1,27,76,025 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹405.00 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Senco Gold IPO opens on Jul 04, 2023. The closing date of ideaForge Technology IPO and Senco Gold IPO is Jun 30, 2023, and Jul 06, 2023, respectively.

	ideaForge Technology IPO	Senco Gold IPO
Anchor Bid Date	Jun 23, 2023	Jul 03, 2023
Issue Open	Jun 26, 2023	Jul 04, 2023
Issue Close	Jun 30, 2023	Jul 06, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Jul 11, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Jul 12, 2023
Credit of Share (Tentative)	Jul 07, 2023	Jul 13, 2023
Listing date (Tentative)	Jul 07, 2023	Jul 14, 2023
Anchor Lockin End date 1	Aug 04, 2023	Aug 10, 2023
Anchor Lockin End date 2	Oct 03, 2023	Oct 09, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Senco Gold IPO P/E ratio of 15.53.

ideaForge Technology IPO

Senco Gold IPO

Financial

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

Senco Gold Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	1,559.30	2,674.92	61.48	602.51	536.53	532.44
31-Mar-22	2,100.19	3,547.41	129.10	725.77	659.46	862.97
31-Mar-23	2,905.32	4,108.54	158.48	944.97	876.27	1,177.17
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

33.37%

76.92%

Promoter Shareholding (Post-Issue)

30.19%

68.48%

P/E Ratio

87.5

15.53

Market Cap

₹2800.20 Cr.

₹2462.00 Cr.

ROE

13.11%%

18.9%%

ROCE

12.51%%

14.2%%

Debt/Equity

0.27

1.25

EPS

₹8.12

₹22.93

RoNW

9.85%%

18.96%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Senco Gold IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 25,55,203 shares in Senco Gold IPO.

	ideaForge Technology IPO	Senco Gold IPO
Anchor Investor Reserveration		38,32,807 shares
Market Maker Reserveration
QIB	25,28,596 shares	25,55,203 shares
NII	12,64,297 shares	19,16,404 shares
RII	8,42,865 shares	44,71,609 shares
Employee	13,112 shares	0 shares
Others
Total	46,48,870 shares	89,43,216 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Senco Gold IPO subscribed 77.25x.

	ideaForge Technology IPO	Senco Gold IPO
QIB (times)	125.81x	190.56x
NII (times)	80.58x	68.44x
Big NII (times)	81.99x	72.05x
Small NII (times)	77.77x	61.23x
RII (times)	85.20x	16.28x
Employee (times)	96.65x
Other (times)
Total (times)	106.06x	77.25x

Compare with others

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

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