Forcas Studio IPO vs Solve Plastic Products IPO

Comparision between Forcas Studio IPO and Solve Plastic Products IPO.

IPO Details

Forcas Studio IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Solve Plastic Products IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Forcas Studio IPO	Solve Plastic Products IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Private Limited	Finshore Management Services Limited
Registrar	Mas Services Limited	Integrated Registry Management Services Private Limited
Market Maker	Giriraj Stock Broking Private Limited	Black Fox Financial Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
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 Solve Plastic Products IPO is up to ₹11.85 Cr. The final issue price of Forcas Studio IPO is and of Solve Plastic Products IPO is ₹91.00 per share.

	Forcas Studio IPO	Solve Plastic Products 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)		₹91.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	46,80,000 shares	13,02,000 shares
Fresh Issue Size (Amount)	up to ₹37.44 Cr	up to ₹11.85 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,80,000 shares	13,02,000 shares
Issue Size Total (Amount)	up to ₹37.44 Cr	up to ₹11.85 Cr

IPO Timetable

Forcas Studio IPO opens on Aug 19, 2024, while Solve Plastic Products IPO opens on Aug 13, 2024. The closing date of Forcas Studio IPO and Solve Plastic Products IPO is Aug 21, 2024, and Aug 16, 2024, respectively.

	Forcas Studio IPO	Solve Plastic Products IPO
Anchor Bid Date	Aug 16, 2024
Issue Open	Aug 19, 2024	Aug 13, 2024
Issue Close	Aug 21, 2024	Aug 16, 2024
Basis Of Allotment (Tentative)	Aug 22, 2024	Aug 19, 2024
Initiation of Refunds (Tentative)	Aug 23, 2024	Aug 20, 2024
Credit of Share (Tentative)	Aug 23, 2024	Aug 20, 2024
Listing date (Tentative)	Aug 26, 2024	Aug 21, 2024
Anchor Lockin End date 1	Sep 21, 2024
Anchor Lockin End date 2	Nov 20, 2024

Financials

Forcas Studio IPO P/E ratio is 58.82, as compared to Solve Plastic Products IPO P/E ratio of 23.2.

Forcas Studio IPO

Solve Plastic Products 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

Solve Plastic Products Limited Financial Information (Restated)

Solve Plastic Products Limited's revenue decreased by -24% and profit after tax (PAT) rose by 18% 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	2,211.53	1,874.27	1,822.99
Revenue	4,715.73	6,225.43	5,577.89
Profit After Tax	142.48	120.27	-40.71
Net Worth	438.79	192.56	72.29
Reserves and Surplus	132.16	-110.94	-231.21
Total Borrowing	1,136.42	1,053.42	1,030.43
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17%

90.22%

Promoter Shareholding (Post-Issue)

60.30%

63.33%

P/E Ratio

58.82

23.2

Market Cap

₹39.75 Cr.

ROE

27.06%%

ROCE

18.54%%

Debt/Equity

1.5

2.83

EPS

₹1.36

₹3.92

RoNW

27.06%%

32.47%%

Shares Offered

In the Forcas Studio IPO retail investors (RII) are offered while in Solve Plastic Products IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Forcas Studio IPO and 0 shares in Solve Plastic Products IPO.

	Forcas Studio IPO	Solve Plastic Products IPO
Anchor Investor Reserveration	13,31,200 shares
Market Maker Reserveration	2,35,200 shares	66,000 shares
QIB		0 shares
NII		6,18,000 shares
RII		6,18,000 shares
Employee		0 shares
Others
Total		12,36,000 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed in total, whereas Solve Plastic Products IPO subscribed 16.18x.

	Forcas Studio IPO	Solve Plastic Products IPO
QIB (times)
NII (times)		5.44x
Big NII (times)
Small NII (times)
RII (times)		26.81x
Employee (times)
Other (times)
Total (times)		16.18x

Compare with others

Forcas Studio IPO	Solve Plastic Products IPO
Solve Plastic Products IPO	Forcas Studio IPO
Broach Lifecare Hospital IPO	Broach Lifecare Hospital IPO
Brace Port Logistics IPO	Brace Port Logistics IPO
Sunlite Recycling Industries IPO	Sunlite Recycling Industries IPO
Positron Energy IPO	Positron Energy IPO
	Aesthetik Engineers IPO

Comments

Add a public comment...