Forge Auto International IPO vs Sahasra Electronics Solutions IPO

Comparision between Forge Auto International IPO and Sahasra Electronics Solutions IPO.

IPO Details

Forge Auto International IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sahasra Electronics Solutions IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forge Auto International IPO	Sahasra Electronics Solutions 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	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	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 Sahasra Electronics Solutions IPO is up to ₹186.16 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Sahasra Electronics Solutions IPO is ₹283.00 per share.

	Forge Auto International IPO	Sahasra Electronics Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹269.00 per share
Issue Price (Upper)	₹108.00 per share	₹283.00 per share
Issue Price (Final)	₹108.00 per share	₹283.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	400 shares
Fresh Issue Size	28,80,000 shares	60,78,000 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹172.01 Cr
OFS Issue Size		5,00,000 shares
OFS Issue Size (Amount)		up to ₹14.15 Cr
Issue Size Total	28,80,000 shares	65,78,000 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹186.16 Cr

IPO Timetable

Forge Auto International IPO opens on Sep 26, 2024, while Sahasra Electronics Solutions IPO opens on Sep 26, 2024. The closing date of Forge Auto International IPO and Sahasra Electronics Solutions IPO is Sep 30, 2024, and Sep 30, 2024, respectively.

	Forge Auto International IPO	Sahasra Electronics Solutions IPO
Anchor Bid Date	Sep 25, 2024	Sep 25, 2024
Issue Open	Sep 26, 2024	Sep 26, 2024
Issue Close	Sep 30, 2024	Sep 30, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Oct 01, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 03, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 03, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 04, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 31, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 30, 2024

Financials

Forge Auto International IPO P/E ratio is 12.98, as compared to Sahasra Electronics Solutions IPO P/E ratio of 16.41.

Forge Auto International IPO

Sahasra Electronics Solutions 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

Sahasra Electronics Solutions Limited Financial Information (Restated)

Sahasra Electronics Solutions Limited's revenue increased by 866% and profit after tax (PAT) rose by 1315% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023
Assets	10,804.36	4,820.23
Revenue	10,278.79	1,063.91
Profit After Tax	3,262.77	230.55
Net Worth	6,031.69	2,027.5
Reserves and Surplus	4,140.21	230.55
Total Borrowing	2,171.89	689.84
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

95.00%

Promoter Shareholding (Post-Issue)

73.63%

69.90%

P/E Ratio

12.98

16.41

Market Cap

₹117.94 Cr.

₹707.30 Cr.

ROE

35.76%%

54.09%%

ROCE

17.60%%

42.50%%

Debt/Equity

1.94

0.36

EPS

₹8.32

₹17.25

RoNW

32.14%%

54.09%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in Sahasra Electronics Solutions 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 12,49,600 shares in Sahasra Electronics Solutions IPO.

	Forge Auto International IPO	Sahasra Electronics Solutions IPO
Anchor Investor Reserveration	8,18,400 shares	18,74,000 shares
Market Maker Reserveration	1,46,400 shares	3,29,000 shares
QIB	5,47,200 shares	12,49,600 shares
NII	4,10,400 shares	9,38,200 shares
RII	9,57,600 shares	21,87,200 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	43,75,000 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 4.61x in total, whereas Sahasra Electronics Solutions IPO subscribed 5.07x.

	Forge Auto International IPO	Sahasra Electronics Solutions IPO
QIB (times)	6.55x	6.38x
NII (times)	2.35x	2.70x
Big NII (times)
Small NII (times)
RII (times)	4.47x	5.34x
Employee (times)
Other (times)
Total (times)	4.61x	5.07x

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