Forcas Studio IPO vs Sunlite Recycling Industries IPO

Comparision between Forcas Studio IPO and Sunlite Recycling Industries IPO.

IPO Details

Forcas Studio IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Sunlite Recycling Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forcas Studio IPO	Sunlite Recycling Industries 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	Hem Securities Limited
Registrar	Mas Services Limited	Cameo Corporate Services Limited
Market Maker	Giriraj Stock Broking Private Limited	Hem Finlease 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 Sunlite Recycling Industries IPO is up to ₹30.24 Cr. The final issue price of Forcas Studio IPO is ₹80.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

	Forcas Studio IPO	Sunlite Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹77.00 per share	₹100.00 per share
Issue Price (Upper)	₹80.00 per share	₹105.00 per share
Issue Price (Final)	₹80.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	46,80,000 shares	28,80,000 shares
Fresh Issue Size (Amount)	up to ₹37.44 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	46,80,000 shares	28,80,000 shares
Issue Size Total (Amount)	up to ₹37.44 Cr	up to ₹30.24 Cr

IPO Timetable

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

	Forcas Studio IPO	Sunlite Recycling Industries 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 Sunlite Recycling Industries IPO P/E ratio of 9.43.

Forcas Studio IPO

Sunlite Recycling Industries 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

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,321.24	7,162.56	4,802.05	3,743.20
Revenue	116,655.09	115,039.91	93,791.80	39,400.84
Profit After Tax	890.36	560.27	426.03	252.55
Net Worth	2,003.90	362.08	1,158.58	622.18
Reserves and Surplus	1,203.90	312.08
Total Borrowing	3,491.74	4,646.82	2,532.38	1,711.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

82.17%

100.00%

Promoter Shareholding (Post-Issue)

60.30%

73.53%

P/E Ratio

90.09

9.43

Market Cap

₹140.64 Cr.

₹114.24 Cr.

ROE

27.06%%

75.26%%

ROCE

18.54%%

29.49%%

Debt/Equity

1.5

1.74

EPS

₹0.89

₹11.13

RoNW

27.06%%

44.43%%

Shares Offered

In the Forcas Studio IPO retail investors (RII) are offered 15,56,800 shares while in Sunlite Recycling Industries IPO retail investors are offered 15,56,800 shares. Qualified institutional buyers (QIB) are offered 8,89,600 shares in Forcas Studio IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

	Forcas Studio IPO	Sunlite Recycling Industries IPO
Anchor Investor Reserveration	13,31,200 shares	8,18,400 shares
Market Maker Reserveration	2,35,200 shares	1,48,800 shares
QIB	8,89,600 shares	5,46,000 shares
NII	6,67,200 shares	4,10,400 shares
RII	15,56,800 shares	9,56,400 shares
Employee	0 shares	0 shares
Others
Total	31,13,600 shares	19,12,800 shares

Bids Received (Subscription)

Forcas Studio IPO subscribed 416.99x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

	Forcas Studio IPO	Sunlite Recycling Industries IPO
QIB (times)	205.39x	109.05x
NII (times)	701.85x	584.10x
Big NII (times)
Small NII (times)
RII (times)	415.82x	252.00x
Employee (times)
Other (times)
Total (times)	416.99x	282.45x

Compare with others

Forcas Studio IPO	Sunlite Recycling Industries IPO
Rapid Multimodal Logistics IPO	QVC Exports IPO
Indian Phosphate IPO	Forcas Studio IPO
Resourceful Automobile IPO	Solve Plastic Products IPO
Ideal Technoplast Industries IPO	Broach Lifecare Hospital IPO
QVC Exports IPO	Brace Port Logistics IPO
Solve Plastic Products IPO	Positron Energy IPO
Broach Lifecare Hospital IPO	Aesthetik Engineers IPO
Brace Port Logistics IPO	Picture Post Studios IPO
Sunlite Recycling Industries IPO	Afcom Holdings IPO
Positron Energy IPO	Dhariwalcorp IPO

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