ideaForge Technology IPO vs Nexus Select Trust REIT

Comparision between ideaForge Technology IPO and Nexus Select Trust REIT.

IPO Details

ideaForge Technology IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nexus Select Trust REIT is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ideaForge Technology IPO	Nexus Select Trust REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Iifl Securities Ltd	Bofa Securities India Limited Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets 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 Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of ideaForge Technology IPO is ₹672.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

	ideaForge Technology IPO	Nexus Select Trust REIT
Face Value	₹10 per share
Issue Price (Lower)	₹638.00 per share	₹95.00 per share
Issue Price (Upper)	₹672.00 per share	₹100.00 per share
Issue Price (Final)	₹672.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)	₹32.00 per share
Market Lot Size	22 shares	150 shares
Fresh Issue Size	35,72,052 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹1,400.00 Cr
OFS Issue Size	48,69,712 shares
OFS Issue Size (Amount)	up to ₹327.25 Cr	up to ₹1,800.00 Cr
Issue Size Total	84,41,764 shares
Issue Size Total (Amount)	up to ₹567.29 Cr	up to ₹3,200.00 Cr

IPO Timetable

ideaForge Technology IPO opens on Jun 26, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of ideaForge Technology IPO and Nexus Select Trust REIT is Jun 30, 2023, and May 11, 2023, respectively.

	ideaForge Technology IPO	Nexus Select Trust REIT
Anchor Bid Date	Jun 23, 2023	May 08, 2023
Issue Open	Jun 26, 2023	May 09, 2023
Issue Close	Jun 30, 2023	May 11, 2023
Basis Of Allotment (Tentative)	Jul 05, 2023	May 16, 2023
Initiation of Refunds (Tentative)	Jul 06, 2023	May 17, 2023
Credit of Share (Tentative)	Jul 07, 2023	May 18, 2023
Listing date (Tentative)	Jul 07, 2023	May 19, 2023
Anchor Lockin End date 1	Aug 04, 2023	Jun 15, 2023
Anchor Lockin End date 2	Oct 03, 2023	Aug 14, 2023

Financials

ideaForge Technology IPO P/E ratio is 87.5, as compared to Nexus Select Trust REIT P/E ratio of .

ideaForge Technology IPO

Nexus Select Trust REIT

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

Nexus Select Trust Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus	Total Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

33.37%

Promoter Shareholding (Post-Issue)

30.19%

P/E Ratio

87.5

Market Cap

₹2800.20 Cr.

ROE

13.11%%

ROCE

12.51%%

Debt/Equity

0.27

EPS

₹8.12

RoNW

9.85%%

Shares Offered

In the ideaForge Technology IPO retail investors (RII) are offered 8,42,865 shares while in Nexus Select Trust REIT retail investors are offered 8,42,865 shares. Qualified institutional buyers (QIB) are offered 25,28,596 shares in ideaForge Technology IPO and 10,10,52,450 shares in Nexus Select Trust REIT.

	ideaForge Technology IPO	Nexus Select Trust REIT
Anchor Investor Reserveration		14,39,99,850 shares
Market Maker Reserveration
QIB	25,28,596 shares	10,10,52,450 shares
NII	12,64,297 shares	0 shares
RII	8,42,865 shares	0 shares
Employee	13,112 shares	0 shares
Others
Total	46,48,870 shares	18,52,63,050 shares

Bids Received (Subscription)

ideaForge Technology IPO subscribed 106.06x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

	ideaForge Technology IPO	Nexus Select Trust REIT
QIB (times)	125.81x	4.81x
NII (times)	80.58x
Big NII (times)	81.99x
Small NII (times)	77.77x
RII (times)	85.20x
Employee (times)	96.65x
Other (times)		6.23x
Total (times)	106.06x	5.45x

Compare with others

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

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