Forcas Studio IPO vs Positron Energy IPO

Comparision between Forcas Studio IPO and Positron Energy IPO.

IPO Details

Forcas Studio IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Positron Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forcas Studio IPO	Positron Energy 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	Horizon Management Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Mas Services Limited	Link Intime India Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Spread X Securities 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 Forcas Studio IPO is up to ₹37.44 Cr whereas the issue size of the Positron Energy IPO is up to ₹51.21 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Positron Energy IPO is ₹250.00 per share.

	Forcas Studio IPO	Positron Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹77.00 per share	₹238.00 per share
Issue Price (Upper)	₹80.00 per share	₹250.00 per share
Issue Price (Final)	₹80.00 per share	₹250.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	46,80,000 shares	20,48,400 shares
Fresh Issue Size (Amount)	up to ₹37.44 Cr	up to ₹51.21 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹0.00 Cr
Issue Size Total	46,80,000 shares	20,48,400 shares
Issue Size Total (Amount)	up to ₹37.44 Cr	up to ₹51.21 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Positron Energy IPO opens on Aug 12, 2024. The closing date of Forcas Studio IPO and Positron Energy IPO is Aug 21, 2024, and Aug 14, 2024, respectively.

	Forcas Studio IPO	Positron Energy IPO
Anchor Bid Date	Aug 16, 2024	Aug 09, 2024
Issue Open	Aug 19, 2024	Aug 12, 2024
Issue Close	Aug 21, 2024	Aug 14, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 16, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 19, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 19, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 20, 2024
Anchor Lockin End date 1	Sep 21, 2024	Sep 15, 2024
Anchor Lockin End date 2	Nov 20, 2024	Nov 14, 2024

Financials

Forcas Studio IPO P/E ratio is 90.09, as compared to Positron Energy IPO P/E ratio of 15.79.

Forcas Studio IPO

Positron Energy IPO

Financial

Forcas Studio Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,379.43	3,923.85	4,333.27	4,890.73
Revenue	9,648.78	7,162.42	5,380.44	5,113.14
Profit After Tax	553.31	114.55	78.44	55.55
Net Worth	1,901.97	860.26	830.84	711.94
Reserves and Surplus	611.97
Total Borrowing	2,861.04	2,325.26	2,419.99	2,437.92
Amount in ₹ Lakhs

Positron Energy Limited Financial Information (Restated Consolidated)

Positron Energy Limited's revenue increased by 160.29% and profit after tax (PAT) rose by 312.96% 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	3,789.02	2,476.25	938.90
Revenue	13,541.76	5,202.61	896.85
Profit After Tax	878.78	212.80	57.98
Net Worth	1,489.26	566.87	354.45
Reserves and Surplus	934.06	532.17	319.75
Total Borrowing	1,027.90	741.81	368.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17%

98.56%

Promoter Shareholding (Post-Issue)

60.30%

72.00%

P/E Ratio

90.09

15.79

Market Cap

₹140.64 Cr.

₹190.01 Cr.

ROE

27.06%%

0.85%%

ROCE

18.54%%

0.62%%

Debt/Equity

1.5

0.69

EPS

₹0.89

₹15.83

RoNW

27.06%%

59.01%%

Shares Offered

In the Forcas Studio IPO retail investors (RII) are offered 15,56,800 shares while in Positron Energy IPO retail investors are offered 15,56,800 shares. Qualified institutional buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and 3,88,800 shares in Positron Energy IPO.

	Forcas Studio IPO	Positron Energy IPO
Anchor Investor Reserveration	13,31,200 shares	5,83,200 shares
Market Maker Reserveration	2,35,200 shares	1,02,600 shares
QIB	8,89,600 shares	3,88,800 shares
NII	6,67,200 shares	2,92,200 shares
RII	15,56,800 shares	6,81,600 shares
Employee	0 shares	0 shares
Others
Total	31,13,600 shares	13,62,600 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Positron Energy IPO subscribed 414.86x.

	Forcas Studio IPO	Positron Energy IPO
QIB (times)	205.39x	231.41x
NII (times)	701.85x	805.84x
Big NII (times)
Small NII (times)
RII (times)	415.82x	351.90x
Employee (times)
Other (times)
Total (times)	416.99x	414.86x

Compare with others

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Rapid Multimodal Logistics IPO	Forcas Studio IPO
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Broach Lifecare Hospital IPO	Picture Post Studios IPO
Brace Port Logistics IPO	Afcom Holdings IPO
Sunlite Recycling Industries IPO	Dhariwalcorp IPO
Positron Energy IPO	Utssav Cz Gold Jewels IPO

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