Forge Auto International IPO vs Paramount Dye Tec IPO

Comparision between Forge Auto International IPO and Paramount Dye Tec IPO.

IPO Details

Forge Auto International IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Paramount Dye Tec IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forge Auto International IPO	Paramount Dye Tec IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Gretex Corporate Services Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Gretex Share Broking Private Limited
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 Forge Auto International IPO is up to ₹31.10 Cr whereas the issue size of the Paramount Dye Tec IPO is up to ₹28.43 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Paramount Dye Tec IPO is ₹117.00 per share.

	Forge Auto International IPO	Paramount Dye Tec IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹111.00 per share
Issue Price (Upper)	₹108.00 per share	₹117.00 per share
Issue Price (Final)	₹108.00 per share	₹117.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	28,80,000 shares	24,30,000 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹28.43 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	24,30,000 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹28.43 Cr

IPO Timetable

Forge Auto International IPO opens on Sep 26, 2024, while Paramount Dye Tec IPO opens on Sep 30, 2024. The closing date of Forge Auto International IPO and Paramount Dye Tec IPO is Sep 30, 2024, and Oct 03, 2024, respectively.

	Forge Auto International IPO	Paramount Dye Tec IPO
Anchor Bid Date	Sep 25, 2024	Sep 27, 2024
Issue Open	Sep 26, 2024	Sep 30, 2024
Issue Close	Sep 30, 2024	Oct 03, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 04, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 07, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 07, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 08, 2024
Anchor Lockin End date 1	Oct 31, 2024	Nov 03, 2024
Anchor Lockin End date 2	Dec 30, 2024	Jan 02, 2025

Financials

Forge Auto International IPO P/E ratio is 12.98, as compared to Paramount Dye Tec IPO P/E ratio of 14.91.

Forge Auto International IPO

Paramount Dye Tec 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

Paramount Dye Tec Limited Financial Information (Restated)

Period Ended	31 Mar 2024	31 Jan 2024
Assets	5,549.65	3,490.07
Revenue	2,367.9	2,955.91
Profit After Tax	354.09	278.65
Net Worth	3,032.06	1
Reserves and Surplus	3,029.81
Total Borrowing	1,627.37	2,247.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.97%

Promoter Shareholding (Post-Issue)

73.63%

64.97%

P/E Ratio

12.98

14.91

Market Cap

₹117.94 Cr.

₹81.23 Cr.

ROE

35.76%%

11.68%%

ROCE

17.60%%

16.53%%

Debt/Equity

1.94

0.54

EPS

₹8.32

₹7.85

RoNW

32.14%%

11.68%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in Paramount Dye Tec 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 4,60,800 shares in Paramount Dye Tec IPO.

	Forge Auto International IPO	Paramount Dye Tec IPO
Anchor Investor Reserveration	8,18,400 shares	6,91,200 shares
Market Maker Reserveration	1,46,400 shares	1,22,400 shares
QIB	5,47,200 shares	4,60,800 shares
NII	4,10,400 shares	3,46,800 shares
RII	9,57,600 shares	8,08,800 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	16,16,400 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 49.28x in total, whereas Paramount Dye Tec IPO subscribed 50.09x.

	Forge Auto International IPO	Paramount Dye Tec IPO
QIB (times)	20.13x	10.22x
NII (times)	58.55x	135.31x
Big NII (times)
Small NII (times)
RII (times)	61.95x	36.26x
Employee (times)
Other (times)
Total (times)	49.28x	50.09x

Compare with others

Forge Auto International IPO	Paramount Dye Tec IPO
NeoPolitan Pizza and Foods IPO	Pranik Logistics IPO
Subam Papers IPO	Shiv Texchem IPO
Paramount Dye Tec IPO	Khyati Global Ventures IPO
HVAX Technologies IPO	NeoPolitan Pizza and Foods IPO
Nexxus Petro Industries IPO	Subam Papers IPO
Sahasra Electronics Solutions IPO	HVAX Technologies IPO
Saj Hotels IPO	Nexxus Petro Industries IPO
Thinking Hats Entertainment Solutions IPO	Forge Auto International IPO
Unilex Colours and Chemicals IPO	Sahasra Electronics Solutions IPO
TechEra Engineering IPO	Saj Hotels IPO

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