ideaForge Technology IPO vs Tata Technologies IPO

Comparision between ideaForge Technology IPO and Tata Technologies IPO.

IPO Details

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

	ideaForge Technology IPO	Tata Technologies 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	Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India 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 ideaForge Technology IPO is up to ₹567.29 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	ideaForge Technology IPO	Tata Technologies IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹638.00 per share	₹475.00 per share
Issue Price (Upper)	₹672.00 per share	₹500.00 per share
Issue Price (Final)	₹672.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)	₹32.00 per share
Market Lot Size	22 shares	30 shares
Fresh Issue Size	35,72,052 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr
OFS Issue Size	48,69,712 shares	6,08,50,278 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr	up to ₹3,042.51 Cr
Issue Size Total	84,41,764 shares	6,08,50,278 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹3,042.51 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of ideaForge Technology IPO and Tata Technologies IPO is Jun 30, 2023, and Nov 24, 2023, respectively.

	ideaForge Technology IPO	Tata Technologies IPO
Anchor Bid Date	Jun 23, 2023	Nov 21, 2023
Issue Open	Jun 26, 2023	Nov 22, 2023
Issue Close	Jun 30, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Nov 29, 2023
Credit of Share (Tentative)	Jul 07, 2023	Nov 29, 2023
Listing date (Tentative)	Jul 07, 2023	Nov 30, 2023
Anchor Lockin End date 1	Aug 04, 2023	Dec 28, 2023
Anchor Lockin End date 2	Oct 03, 2023	Feb 26, 2024

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Tata Technologies IPO P/E ratio of 32.53.

ideaForge Technology IPO

Tata Technologies 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

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% 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	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

33.37%

66.79%

Promoter Shareholding (Post-Issue)

30.19%

55.39%

P/E Ratio

87.5

32.53

Market Cap

₹2800.20 Cr.

₹20283.43 Cr.

ROE

13.11%%

ROCE

12.51%%

Debt/Equity

0.27

EPS

₹8.12

₹15.37

RoNW

9.85%%

20.87%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Tata Technologies IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 1,05,47,382 shares in Tata Technologies IPO.

	ideaForge Technology IPO	Tata Technologies IPO
Anchor Investor Reserveration		1,58,21,071 shares
Market Maker Reserveration
QIB	25,28,596 shares	1,05,47,382 shares
NII	12,64,297 shares	79,10,537 shares
RII	8,42,865 shares	1,84,57,919 shares
Employee	13,112 shares	20,28,342 shares
Others
Total	46,48,870 shares	4,50,29,207 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Tata Technologies IPO subscribed 69.43x.

	ideaForge Technology IPO	Tata Technologies IPO
QIB (times)	125.81x	203.41x
NII (times)	80.58x	62.11x
Big NII (times)	81.99x	70.67x
Small NII (times)	77.77x	44.98x
RII (times)	85.20x	16.50x
Employee (times)	96.65x	3.70x
Other (times)		29.20x
Total (times)	106.06x	69.43x

Compare with others

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

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