Forge Auto International IPO vs TechEra Engineering IPO

Comparision between Forge Auto International IPO and TechEra Engineering IPO.

IPO Details

Forge Auto International IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

	Forge Auto International IPO	TechEra Engineering 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	SKI Capital Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	SKI Capital Services 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 TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Forge Auto International IPO is ₹108.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Forge Auto International IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹75.00 per share
Issue Price (Upper)	₹108.00 per share	₹82.00 per share
Issue Price (Final)	₹108.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	28,80,000 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹31.10 Cr	up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	28,80,000 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹31.10 Cr	up to ₹35.90 Cr

IPO Timetable

Forge Auto International IPO opens on Sep 26, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Forge Auto International IPO and TechEra Engineering IPO is Sep 30, 2024, and Sep 27, 2024, respectively.

	Forge Auto International IPO	TechEra Engineering IPO
Anchor Bid Date	Sep 25, 2024	Sep 24, 2024
Issue Open	Sep 26, 2024	Sep 25, 2024
Issue Close	Sep 30, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Oct 01, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Oct 03, 2024	Oct 01, 2024
Credit of Share (Tentative)	Oct 03, 2024	Oct 01, 2024
Listing date (Tentative)	Oct 04, 2024	Oct 03, 2024
Anchor Lockin End date 1	Oct 31, 2024	Oct 30, 2024
Anchor Lockin End date 2	Dec 30, 2024	Dec 29, 2024

Financials

Forge Auto International IPO P/E ratio is 12.98, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Forge Auto International IPO

TechEra Engineering 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

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% 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	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

57.48%

Promoter Shareholding (Post-Issue)

73.63%

P/E Ratio

12.98

20.65

Market Cap

₹117.94 Cr.

₹135.47 Cr.

ROE

35.76%%

30.33%%

ROCE

17.60%%

23..47%%

Debt/Equity

1.94

0.9

EPS

₹8.32

₹3.97

RoNW

32.14%%

30.33%%

Shares Offered

In the Forge Auto International IPO retail investors (RII) are offered 9,57,600 shares while in TechEra Engineering 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 8,32,000 shares in TechEra Engineering IPO.

	Forge Auto International IPO	TechEra Engineering IPO
Anchor Investor Reserveration	8,18,400 shares	12,46,400 shares
Market Maker Reserveration	1,46,400 shares	2,19,200 shares
QIB	5,47,200 shares	8,32,000 shares
NII	4,10,400 shares	6,24,000 shares
RII	9,57,600 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	19,15,200 shares	29,12,000 shares

Bids Received (Subscription)

Forge Auto International IPO subscribed 49.28x in total, whereas TechEra Engineering IPO subscribed 69.80x.

	Forge Auto International IPO	TechEra Engineering IPO
QIB (times)	20.13x	31.22x
NII (times)	58.55x	128.88x
Big NII (times)
Small NII (times)
RII (times)	61.95x	66.52x
Employee (times)
Other (times)
Total (times)	49.28x	69.80x

Compare with others

Forge Auto International IPO	TechEra Engineering IPO
NeoPolitan Pizza and Foods IPO	Forge Auto International IPO
Subam Papers IPO	Sahasra Electronics Solutions IPO
Paramount Dye Tec IPO	Saj Hotels IPO
HVAX Technologies IPO	Thinking Hats Entertainment Solutions IPO
Nexxus Petro Industries IPO	Unilex Colours and Chemicals IPO
Sahasra Electronics Solutions IPO	Divyadhan Recycling Industries IPO
Saj Hotels IPO	Kalana Ispat IPO
Thinking Hats Entertainment Solutions IPO	Avi Ansh Textile IPO
Unilex Colours and Chemicals IPO	Rappid Valves (India) IPO
TechEra Engineering IPO	Phoenix Overseas IPO

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