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ideaForge Technology IPO vs Utkarsh Small Finance Bank IPO

Comparision between ideaForge Technology IPO and Utkarsh Small Finance Bank IPO.

IPO Details

ideaForge Technology IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Utkarsh Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  ideaForge Technology IPO Utkarsh Small Finance Bank IPO
Logo ideaForge Technology IPO Logo Utkarsh Small Finance Bank IPO Logo
Issue Category Mainline Mainline
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE, NSE BSE, NSE
Lead Managers Jm Financial Limited

Iifl Securities Ltd
ICICI Securities Limited

Kotak Mahindra Capital Company Limited
Registrar Link Intime India Private Ltd Kfin Technologies Limited
Market Maker
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 ideaForge Technology IPO is up to ₹567.29 Cr whereas the issue size of the Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

  ideaForge Technology IPO Utkarsh Small Finance Bank IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹638.00 per share ₹23.00 per share
Issue Price (Upper) ₹672.00 per share ₹25.00 per share
Issue Price (Final) ₹672.00 per share ₹25.00 per share
Discount (Retail)
Discount (Employee) ₹32.00 per share
Market Lot Size 22 shares 600 shares
Fresh Issue Size 35,72,052 shares 20,00,00,000 shares
Fresh Issue Size (Amount) up to ₹240.00 Cr up to ₹500.00 Cr
OFS Issue Size 48,69,712 shares
OFS Issue Size (Amount) up to ₹327.25 Cr
Issue Size Total 84,41,764 shares 20,00,00,000 shares
Issue Size Total (Amount) up to ₹567.29 Cr up to ₹500.00 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of ideaForge Technology IPO and Utkarsh Small Finance Bank IPO is Jun 30, 2023, and Jul 14, 2023, respectively.

  ideaForge Technology IPO Utkarsh Small Finance Bank IPO
Anchor Bid Date Jun 23, 2023 Jul 11, 2023
Issue Open Jun 26, 2023 Jul 12, 2023
Issue Close Jun 30, 2023 Jul 14, 2023
Basis Of Allotment (Tentative) Jul 05, 2023 Jul 19, 2023
Initiation of Refunds (Tentative) Jul 06, 2023 Jul 20, 2023
Credit of Share (Tentative) Jul 07, 2023 Jul 21, 2023
Listing date (Tentative) Jul 07, 2023 Jul 21, 2023
Anchor Lockin End date 1 Aug 04, 2023 Aug 18, 2023
Anchor Lockin End date 2 Oct 03, 2023 Oct 17, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

  ideaForge Technology IPO Utkarsh Small Finance Bank IPO
Financial
ideaForge Technology Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2079.7916.32-13.4568.1268.055.30
31-Mar-21123.7436.34-14.6359.6359.6350.57
31-Mar-22222.33161.4544.01163.30110.285.68
31-Mar-23487.93196.4031.99324.7286.50
Amount in ₹ Crore
Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets9,404.3212,137.9115,063.7719,117.54
Revenue1,406.181,705.842,033.652,804.29
Profit After Tax186.74111.8261.46404.50
Net Worth1,019.501,368.351,572.302,000.32
Reserves and Surplus260.23520.02676.781,104.42
Total Borrowing2,675.042,607.832,571.942,349.48
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 33.37% 84.75%
Promoter Shareholding (Post-Issue) 30.19% 69.28%
P/E Ratio 87.5 6.78
Market Cap ₹2800.20 Cr. ₹2739.76 Cr.
ROE 13.11%% 22.64%%
ROCE 12.51%%
Debt/Equity 0.27 8.03
EPS ₹8.12 ₹4.52
RoNW 9.85%% 20.22%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

  ideaForge Technology IPO Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration 8,91,00,000 shares
Market Maker Reserveration
QIB 25,28,596 shares 5,94,00,000 shares
NII 12,64,297 shares 2,97,00,000 shares
RII 8,42,865 shares 1,98,00,000 shares
Employee 13,112 shares 20,00,000 shares
Others
Total 46,48,870 shares 11,09,00,000 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

  ideaForge Technology IPO Utkarsh Small Finance Bank IPO
QIB (times) 125.81x 135.71x
NII (times) 80.58x 88.74x
Big NII (times) 81.99x 91.83x
Small NII (times) 77.77x 82.57x
RII (times) 85.20x 78.38x
Employee (times) 96.65x 18.02x
Other (times)
Total (times) 106.06x 110.77x

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