ideaForge Technology IPO vs IKIO Lighting IPO

Comparision between ideaForge Technology IPO and IKIO Lighting IPO.

IPO Details

ideaForge Technology IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IKIO Lighting IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ideaForge Technology IPO	IKIO Lighting 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	Motilal Oswal Investment Advisors 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 IKIO Lighting IPO is up to ₹606.50 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of IKIO Lighting IPO is ₹285.00 per share.

	ideaForge Technology IPO	IKIO Lighting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹638.00 per share	₹270.00 per share
Issue Price (Upper)	₹672.00 per share	₹285.00 per share
Issue Price (Final)	₹672.00 per share	₹285.00 per share
Discount (Retail)
Discount (Employee)	₹32.00 per share
Market Lot Size	22 shares	52 shares
Fresh Issue Size	35,72,052 shares	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹350.00 Cr
OFS Issue Size	48,69,712 shares	90,00,000 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr	up to ₹256.50 Cr
Issue Size Total	84,41,764 shares	2,12,80,701 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹606.50 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while IKIO Lighting IPO opens on Jun 06, 2023. The closing date of ideaForge Technology IPO and IKIO Lighting IPO is Jun 30, 2023, and Jun 08, 2023, respectively.

	ideaForge Technology IPO	IKIO Lighting IPO
Anchor Bid Date	Jun 23, 2023	Jun 05, 2023
Issue Open	Jun 26, 2023	Jun 06, 2023
Issue Close	Jun 30, 2023	Jun 08, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	Jun 13, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	Jun 14, 2023
Credit of Share (Tentative)	Jul 07, 2023	Jun 15, 2023
Listing date (Tentative)	Jul 07, 2023	Jun 16, 2023
Anchor Lockin End date 1	Aug 04, 2023	Jul 13, 2023
Anchor Lockin End date 2	Oct 03, 2023	Sep 11, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to IKIO Lighting IPO P/E ratio of 32.13.

ideaForge Technology IPO

IKIO Lighting IPO

Financial

ideaForge Technology Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	79.79	16.32	-13.45	68.12	68.05	5.30
31-Mar-21	123.74	36.34	-14.63	59.63	59.63	50.57
31-Mar-22	222.33	161.45	44.01	163.30	110.28	5.68
31-Mar-23	487.93	196.40	31.99	324.72		86.50
Amount in ₹ Crore

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

33.37%

100.00%

Promoter Shareholding (Post-Issue)

30.19%

72.46%

P/E Ratio

87.5

32.13

Market Cap

₹2800.20 Cr.

₹2202.50 Cr.

ROE

13.11%%

36.00%%

ROCE

12.51%%

26.00%%

Debt/Equity

0.27

1.03

EPS

₹8.12

₹7.90

RoNW

9.85%%

36.46%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in IKIO Lighting IPO retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 42,56,140 shares in IKIO Lighting IPO.

	ideaForge Technology IPO	IKIO Lighting IPO
Anchor Investor Reserveration		63,84,209 shares
Market Maker Reserveration
QIB	25,28,596 shares	42,56,140 shares
NII	12,64,297 shares	31,92,107 shares
RII	8,42,865 shares	74,48,246 shares
Employee	13,112 shares	0 shares
Others
Total	46,48,870 shares	1,48,96,493 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas IKIO Lighting IPO subscribed 67.75x.

	ideaForge Technology IPO	IKIO Lighting IPO
QIB (times)	125.81x	163.06x
NII (times)	80.58x	65.38x
Big NII (times)	81.99x	69.01x
Small NII (times)	77.77x	58.13x
RII (times)	85.20x	14.31x
Employee (times)	96.65x
Other (times)
Total (times)	106.06x	67.75x

Compare with others

ideaForge Technology IPO	IKIO Lighting IPO
Yatharth Hospital IPO	Utkarsh Small Finance Bank IPO
Netweb Technologies India IPO	Senco Gold IPO
Utkarsh Small Finance Bank IPO	Cyient DLM IPO
Senco Gold IPO	ideaForge Technology IPO
Cyient DLM IPO	HMA Agro Industries IPO
HMA Agro Industries IPO	Tata Technologies IPO
IKIO Lighting IPO	Nexus Select Trust REIT
Tata Technologies IPO	Mankind Pharma IPO
Nexus Select Trust REIT	Avalon Technologies IPO
Mankind Pharma IPO	Udayshivakumar Infra IPO

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