Forge Auto International IPO vs NeoPolitan Pizza and Foods IPO

Comparision between Forge Auto International IPO and NeoPolitan Pizza and Foods IPO.

IPO Details

Forge Auto International IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while NeoPolitan Pizza and Foods IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Forge Auto International IPO	NeoPolitan Pizza and Foods IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Turnaround Corporate Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Mnm Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
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 NeoPolitan Pizza and Foods IPO is up to ₹12.00 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of NeoPolitan Pizza and Foods IPO is ₹20.00 per share.

	Forge Auto International IPO	NeoPolitan Pizza and Foods IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share
Issue Price (Upper)	₹108.00 per share
Issue Price (Final)	₹108.00 per share	₹20.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	6000 shares
Fresh Issue Size	28,80,000 shares	60,00,000 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹12.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	60,00,000 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹12.00 Cr

IPO Timetable

Forge Auto International IPO opens on Sep 26, 2024, while NeoPolitan Pizza and Foods IPO opens on Sep 30, 2024. The closing date of Forge Auto International IPO and NeoPolitan Pizza and Foods IPO is Sep 30, 2024, and Oct 04, 2024, respectively.

	Forge Auto International IPO	NeoPolitan Pizza and Foods IPO
Anchor Bid Date	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 30, 2024
Issue Close	Sep 30, 2024	Oct 04, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 07, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 08, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 08, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 09, 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 NeoPolitan Pizza and Foods IPO P/E ratio of 10.44.

Forge Auto International IPO

NeoPolitan Pizza and Foods 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

NeoPolitan Pizza and Foods Limited Financial Information (Restated Consolidated)

NeoPolitan Pizza and Foods Limited's revenue increased by 120% and profit after tax (PAT) rose by 80% 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	2,040.5	1,811.58	1,300.94
Revenue	4,401.07	2,004.61	1,630.82
Profit After Tax	210.72	116.8	18.44
Net Worth	1,590.86	1,381.61	807.39
Reserves and Surplus	492.33	281.61	-63.9
Total Borrowing	59.19	68.82	259.45
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

72.68%

Promoter Shareholding (Post-Issue)

73.63%

47.03%

P/E Ratio

12.98

10.44

Market Cap

₹117.94 Cr.

₹34.00 Cr.

ROE

35.76%%

13.23%%

ROCE

17.60%%

17.17%%

Debt/Equity

1.94

0.04

EPS

₹8.32

₹1.92

RoNW

32.14%%

13.15%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in NeoPolitan Pizza and Foods 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 in NeoPolitan Pizza and Foods IPO.

	Forge Auto International IPO	NeoPolitan Pizza and Foods IPO
Anchor Investor Reserveration	8,18,400 shares
Market Maker Reserveration	1,46,400 shares	3,00,000 shares
QIB	5,47,200 shares
NII	4,10,400 shares
RII	9,57,600 shares
Employee	0 shares
Others
Total	19,15,200 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 8.26x in total, whereas NeoPolitan Pizza and Foods IPO subscribed .

	Forge Auto International IPO	NeoPolitan Pizza and Foods IPO
QIB (times)	7.39x
NII (times)	4.23x
Big NII (times)
Small NII (times)
RII (times)	10.49x
Employee (times)
Other (times)
Total (times)	8.26x

Compare with others

Forge Auto International IPO	NeoPolitan Pizza and Foods IPO
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Paramount Dye Tec IPO	HVAX Technologies IPO
HVAX Technologies IPO	Nexxus Petro Industries IPO
Nexxus Petro Industries IPO	Forge Auto International IPO
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TechEra Engineering IPO

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