AccelerateBS IPO vs Tridhya Tech IPO

Comparison between AccelerateBS IPO and Tridhya Tech IPO.

IPO Details

AccelerateBS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Tridhya Tech IPO is a SME Bookbuilding proposed to list at NSE SME.

	AccelerateBS IPO	Tridhya Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Ltd.	Interactive Financial Services Ltd.
Registrar	Bigshare Services Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Shreni Shares Ltd.	Econo Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹25.09 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	AccelerateBS IPO	Tridhya Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹35.00 per share
Issue Price (Upper)		₹42.00 per share
Issue Price (Final)	₹90.00 per share	₹42.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	1,55,200 shares	59,73,000 shares
Fresh Issue Size (Amount)	up to ₹1.40 Cr	up to ₹25.09 Cr
OFS Issue Size	4,43,200 shares	0 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr	up to ₹0.00 Cr
Issue Size Total	5,98,400 shares	59,73,000 shares
Issue Size Total (Amount)	up to ₹5.39 Cr	up to ₹25.09 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of AccelerateBS IPO and Tridhya Tech IPO is Jul 11, 2023, and Jul 05, 2023, respectively.

	AccelerateBS IPO	Tridhya Tech IPO
Anchor Bid Date		Jun 27, 2023
Issue Open	Jul 06, 2023	Jun 30, 2023
Issue Close	Jul 11, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 14, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 17, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 18, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 19, 2023	Jul 13, 2023
Anchor Lockin End date 1		Aug 09, 2023
Anchor Lockin End date 2		Oct 08, 2023

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Tridhya Tech IPO P/E ratio of 26.09.

AccelerateBS IPO

Tridhya Tech IPO

Financials

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

80.8

Promoter Shareholding (Post-Issue)

70.59

58.98

P/E Ratio

27.27

26.09

Market Cap

₹19.34 Cr.

₹97.81 Cr.

ROE

15.80%

2.85%

ROCE

19.44%

9.69%

Debt/Equity

0.16

1.23

EPS

₹1.38

₹44.44

RoNW

12.77%

65.52%

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Tridhya Tech IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered in AccelerateBS IPO and 11,94,000 shares in Tridhya Tech IPO.

	AccelerateBS IPO	Tridhya Tech IPO
Anchor Investor Reserveration		17,91,000 shares
Market Maker Reserveration	33,600 shares	3,15,000 shares
QIB		11,94,000 shares
NII	2,99,200 shares	8,97,000 shares
RII	2,99,200 shares	20,91,000 shares
Employee
Others
Total	5,98,400 shares	59,73,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.19x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	AccelerateBS IPO	Tridhya Tech IPO
QIB (times)		15.62x
NII (times)	39.25x	181.72x
Big NII (times)
Small NII (times)
RII (times)	59.11x	67.62x
Employee (times)
Other (times)
Total (times)	49.19x	72.38x

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