ideaForge Technology IPO vs Netweb Technologies India IPO

Comparision between ideaForge Technology IPO and Netweb Technologies India IPO.

IPO Details

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

	ideaForge Technology IPO	Netweb Technologies India 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	Equirus Capital Private Limited Iifl Securities Ltd
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 Netweb Technologies India IPO is up to ₹631.00 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Netweb Technologies India IPO is ₹500.00 per share.

	ideaForge Technology IPO	Netweb Technologies India 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	₹25.00 per share
Market Lot Size	22 shares	30 shares
Fresh Issue Size	35,72,052 shares	41,20,000 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹206.00 Cr
OFS Issue Size	48,69,712 shares	85,00,000 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr	up to ₹425.00 Cr
Issue Size Total	84,41,764 shares	1,26,20,000 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹631.00 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Netweb Technologies India IPO opens on Jul 17, 2023. The closing date of ideaForge Technology IPO and Netweb Technologies India IPO is Jun 30, 2023, and Jul 19, 2023, respectively.

	ideaForge Technology IPO	Netweb Technologies India IPO
Anchor Bid Date	Jun 23, 2023	Jul 14, 2023
Issue Open	Jun 26, 2023	Jul 17, 2023
Issue Close	Jun 30, 2023	Jul 19, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Jul 24, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Jul 25, 2023
Credit of Share (Tentative)	Jul 07, 2023	Jul 26, 2023
Listing date (Tentative)	Jul 07, 2023	Jul 27, 2023
Anchor Lockin End date 1	Aug 04, 2023	Aug 23, 2023
Anchor Lockin End date 2	Oct 03, 2023	Oct 22, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Netweb Technologies India IPO P/E ratio of 59.67.

ideaForge Technology IPO

Netweb Technologies India 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

Netweb Technologies India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	50.59	157.23	3.91	13.65	7.99	15.23
31-Mar-21	110.20	144.29	8.23	21.82	16.15	30.54
31-Mar-22	148.61	247.94	22.45	44.37	38.71	34.48
31-Mar-23	265.95	445.65	46.94	93.67	83.48	35.60
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

33.37%

97.80%

Promoter Shareholding (Post-Issue)

30.19%

75.45%

P/E Ratio

87.5

59.67

Market Cap

₹2800.20 Cr.

₹2803.20 Cr.

ROE

13.11%%

68.01%%

ROCE

12.51%%

64.42%%

Debt/Equity

0.27

0.3

EPS

₹8.12

₹9.22

RoNW

9.85%%

68.01%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Netweb Technologies India IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 25,20,200 shares in Netweb Technologies India IPO.

	ideaForge Technology IPO	Netweb Technologies India IPO
Anchor Investor Reserveration		37,80,300 shares
Market Maker Reserveration
QIB	25,28,596 shares	25,20,200 shares
NII	12,64,297 shares	18,90,150 shares
RII	8,42,865 shares	44,10,350 shares
Employee	13,112 shares	19,000 shares
Others
Total	46,48,870 shares	88,39,700 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Netweb Technologies India IPO subscribed 90.55x.

	ideaForge Technology IPO	Netweb Technologies India IPO
QIB (times)	125.81x	220.69x
NII (times)	80.58x	83.21x
Big NII (times)	81.99x	88.29x
Small NII (times)	77.77x	73.07x
RII (times)	85.20x	19.48x
Employee (times)	96.65x	55.92x
Other (times)
Total (times)	106.06x	90.55x

Compare with others

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HMA Agro Industries IPO	Utkarsh Small Finance Bank IPO
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Nexus Select Trust REIT	ideaForge Technology IPO
Mankind Pharma IPO	HMA Agro Industries IPO

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