Comparison between Advance Technoforge IPO and Icon Facilitators IPO.
Advance Technoforge IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Icon Facilitators IPO is a SME Bookbuilding proposed to list at BSE SME.
| Advance Technoforge IPO | Icon Facilitators IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sun Capital Advisory Services Pvt.Ltd. | Khambatta Securities Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | JSK Securities & Services Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL |
The total issue size of Advance Technoforge IPO is up to ₹22.80 Cr whereas the issue size of the Icon Facilitators IPO is up to ₹18.15 Cr. The final issue price of Advance Technoforge IPO is ₹95.00 per share and of Icon Facilitators IPO is ₹91.00 per share.
| Advance Technoforge IPO | Icon Facilitators IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹85.00 per share | |
| Issue Price (Upper) | ₹91.00 per share | |
| Issue Price (Final) | ₹95.00 per share | ₹91.00 per share |
| Discount (Retail) | ||
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 24,00,000 shares | 19,94,400 shares |
| Fresh Issue Size (Amount) | up to ₹22.80 Cr | up to ₹18.15 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 24,00,000 shares | 19,94,400 shares |
| Issue Size Total (Amount) | up to ₹22.80 Cr | up to ₹18.15 Cr |
Advance Technoforge IPO opens on Jul 27, 2026, while Icon Facilitators IPO opens on Jun 24, 2025. The closing date of Advance Technoforge IPO and Icon Facilitators IPO is Jul 29, 2026, and Jun 26, 2025, respectively.
| Advance Technoforge IPO | Icon Facilitators IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jul 27, 2026 | Jun 24, 2025 |
| Issue Close | Jul 29, 2026 | Jun 26, 2025 |
| Basis Of Allotment (Tentative) | Jul 30, 2026 | Jun 27, 2025 |
| Initiation of Refunds (Tentative) | Jul 31, 2026 | Jun 30, 2025 |
| Credit of Share (Tentative) | Jul 31, 2026 | Jun 30, 2025 |
| Listing date (Tentative) | Aug 03, 2026 | Jul 01, 2025 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Advance Technoforge IPO P/E ratio is 15.22, as compared to Icon Facilitators IPO P/E ratio of 11.72.
| Advance Technoforge IPO | Icon Facilitators IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)Advance Technoforge Ltd.'s revenue decreased by 1% and profit after tax (PAT) rose by 51% between the financial year ending with March 31, 2026 and March 31, 2025.
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100% | 95.65% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.99% | 70.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 15.22 | 11.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹85.78 Cr. | ₹71.52 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 30.33 | 35.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.52 | 37.09 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.29 | 0.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.24 | ₹7.76 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 30.33 | 35.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Advance Technoforge IPO Retail Individual Investors (RII) are offered 12,00,000 shares while in Icon Facilitators IPO retail investors are offered 12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Advance Technoforge IPO and in Icon Facilitators IPO.
| Advance Technoforge IPO | Icon Facilitators IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 1,29,600 shares | 1,05,600 shares |
| QIB | 0 shares | |
| NII | 12,00,000 shares | 9,46,800 shares |
| RII | 12,00,000 shares | 9,46,800 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 24,00,000 shares | 19,94,400 shares |
Advance Technoforge IPO subscribed in total, whereas Icon Facilitators IPO subscribed 2.49x.
| Advance Technoforge IPO | Icon Facilitators IPO | |
|---|---|---|
| QIB (times) | 2.18x | |
| NII (times) | 0.92x | |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 4.10x | |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.49x |
