Forcas Studio IPO vs Rapid Multimodal Logistics IPO

Comparision between Forcas Studio IPO and Rapid Multimodal Logistics IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Rapid Multimodal Logistics IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Forcas Studio IPO	Rapid Multimodal Logistics 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	Horizon Management Private Limited	Gretex Corporate Services Limited
Registrar	Mas Services Limited	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Gretex Share Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Rapid Multimodal Logistics IPO is up to ₹8.49 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Rapid Multimodal Logistics IPO is ₹84.00 per share.

	Forcas Studio IPO	Rapid Multimodal Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹77.00 per share
Issue Price (Upper)	₹80.00 per share
Issue Price (Final)	₹80.00 per share	₹84.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	46,80,000 shares	10,11,200 shares
Fresh Issue Size (Amount)	up to ₹37.44 Cr	up to ₹8.49 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,80,000 shares	10,11,200 shares
Issue Size Total (Amount)	up to ₹37.44 Cr	up to ₹8.49 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Rapid Multimodal Logistics IPO opens on Aug 22, 2024. The closing date of Forcas Studio IPO and Rapid Multimodal Logistics IPO is Aug 21, 2024, and Aug 27, 2024, respectively.

	Forcas Studio IPO	Rapid Multimodal Logistics IPO
Anchor Bid Date	Aug 16, 2024	Aug 21, 2024
Issue Open	Aug 19, 2024	Aug 22, 2024
Issue Close	Aug 21, 2024	Aug 27, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 28, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 29, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 29, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 30, 2024
Anchor Lockin End date 1	Sep 21, 2024	Sep 27, 2024
Anchor Lockin End date 2	Nov 20, 2024	Nov 26, 2024

Financials

Forcas Studio IPO P/E ratio is 90.09, as compared to Rapid Multimodal Logistics IPO P/E ratio of 13.12.

Forcas Studio IPO

Rapid Multimodal Logistics 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

Rapid Multimodal Logistics Limited Financial Information (Restated)

Rapid Multimodal Logistics Limited's revenue decreased by -2% and profit after tax (PAT) dropped by -11% 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	839.76	699.14	673.51
Revenue	7,184.25	7,296.17	4,774.4
Profit After Tax	179.23	200.48	95.43
Net Worth	471.55	300.59	100.11
Reserves and Surplus	191.55	295.59	95.11
Total Borrowing	201.07	227.88	357.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17%

100%

Promoter Shareholding (Post-Issue)

60.30%

73.47%

P/E Ratio

90.09

13.12

Market Cap

₹140.64 Cr.

₹32.01 Cr.

ROE

27.06%%

46.42%%

ROCE

18.54%%

48.98%%

Debt/Equity

1.5

0.19

EPS

₹0.89

₹6.40

RoNW

27.06%%

38.01%%

Shares Offered

In the Forcas Studio IPO retail investors (RII) are offered 15,56,800 shares while in Rapid Multimodal Logistics IPO retail investors are offered 15,56,800 shares. Qualified institutional buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and 0 shares in Rapid Multimodal Logistics IPO.

	Forcas Studio IPO	Rapid Multimodal Logistics IPO
Anchor Investor Reserveration	13,31,200 shares
Market Maker Reserveration	2,35,200 shares	51,200 shares
QIB	8,89,600 shares	0 shares
NII	6,67,200 shares	4,80,000 shares
RII	15,56,800 shares	4,80,000 shares
Employee	0 shares	0 shares
Others
Total	31,13,600 shares	9,60,000 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Rapid Multimodal Logistics IPO subscribed 350.50x.

	Forcas Studio IPO	Rapid Multimodal Logistics IPO
QIB (times)	205.39x
NII (times)	701.85x	512.80x
Big NII (times)
Small NII (times)
RII (times)	415.82x	172.55x
Employee (times)
Other (times)
Total (times)	416.99x	350.50x

Compare with others

Forcas Studio IPO	Rapid Multimodal Logistics IPO
Rapid Multimodal Logistics IPO	Boss Packaging Solutions IPO
Indian Phosphate IPO	Vdeal System IPO
Resourceful Automobile IPO	Aeron Composite IPO
Ideal Technoplast Industries IPO	Paramatrix Technologies IPO
QVC Exports IPO	Jay Bee Laminations IPO
Solve Plastic Products IPO	Indian Phosphate IPO
Broach Lifecare Hospital IPO	Resourceful Automobile IPO
Brace Port Logistics IPO	Ideal Technoplast Industries IPO
Sunlite Recycling Industries IPO	QVC Exports IPO
Positron Energy IPO	Forcas Studio IPO

Comments

Add a public comment...