Forge Auto International IPO vs Subam Papers IPO

Comparision between Forge Auto International IPO and Subam Papers IPO.

IPO Details

Forge Auto International IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Subam Papers IPO is a SME Book Built Issue proposed to list at BSE SME.

	Forge Auto International IPO	Subam Papers IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE 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 Subam Papers IPO is up to ₹93.70 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of Subam Papers IPO is ₹152.00 per share.

	Forge Auto International IPO	Subam Papers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹144.00 per share
Issue Price (Upper)	₹108.00 per share	₹152.00 per share
Issue Price (Final)	₹108.00 per share	₹152.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	800 shares
Fresh Issue Size	28,80,000 shares	61,64,800 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹93.70 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	61,64,800 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹93.70 Cr

IPO Timetable

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

	Forge Auto International IPO	Subam Papers 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 Subam Papers IPO P/E ratio of 7.77.

Forge Auto International IPO

Subam Papers 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

Subam Papers Limited Financial Information (Restated Consolidated)

Subam Papers Limited's revenue decreased by -3% and profit after tax (PAT) rose by 12574% 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	46,046.1	41,434.65	39,418.33
Revenue	49,697.31	51,062.36	33,259.87
Profit After Tax	3,341.8	-26.79	2,600.23
Net Worth	19,904.12	16,562.32	16,589.11
Reserves and Surplus	19,741.35	16,399.55	16,426.34
Total Borrowing	18,340.77	16,282.61	15,573.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

94.81%

Promoter Shareholding (Post-Issue)

73.63%

69.67%

P/E Ratio

12.98

7.77

Market Cap

₹117.94 Cr.

₹353.32 Cr.

ROE

35.76%%

16.79%%

ROCE

17.60%%

20.84%%

Debt/Equity

1.94

0.92

EPS

₹8.32

₹19.57

RoNW

32.14%%

16.79%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in Subam Papers 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 11,71,200 shares in Subam Papers IPO.

	Forge Auto International IPO	Subam Papers IPO
Anchor Investor Reserveration	8,18,400 shares	17,56,800 shares
Market Maker Reserveration	1,46,400 shares	3,08,800 shares
QIB	5,47,200 shares	11,71,200 shares
NII	4,10,400 shares	8,78,400 shares
RII	9,57,600 shares	20,49,600 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	40,99,200 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 49.28x in total, whereas Subam Papers IPO subscribed 92.93x.

	Forge Auto International IPO	Subam Papers IPO
QIB (times)	20.13x	57.18x
NII (times)	58.55x	243.16x
Big NII (times)
Small NII (times)
RII (times)	61.95x	48.97x
Employee (times)
Other (times)
Total (times)	49.28x	92.93x

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