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Atmastco IPO vs Trust Fintech IPO

Comparison between Atmastco IPO and Trust Fintech IPO.

IPO Details

Atmastco IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trust Fintech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Atmastco IPOTrust Fintech IPO
LogoAtmastco IPO LogoTrust Fintech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersAffinity Global Capital Market Pvt.Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarCameo Corporate Services Ltd.Bigshare Services Pvt.Ltd.
Market MakerAsnani Stock Broker Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Atmastco IPO is up to ₹53.43 Cr whereas the issue size of the Trust Fintech IPO is up to ₹60.24 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Trust Fintech IPO is ₹101.00 per share.

 Atmastco IPOTrust Fintech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹101.00 per share
Issue Price (Final)₹77.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size51,13,600 shares59,64,000 shares
Fresh Issue Size (Amount)up to ₹39.37 Crup to ₹60.24 Cr
OFS Issue Size18,25,600 shares0 shares
OFS Issue Size (Amount)up to ₹14.06 Crup to ₹0.00 Cr
Issue Size Total69,39,200 shares59,64,000 shares
Issue Size Total (Amount)up to ₹53.43 Crup to ₹60.24 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Atmastco IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.

 Atmastco IPOTrust Fintech IPO
Anchor Bid DateMar 22, 2024
Issue OpenFeb 15, 2024Mar 26, 2024
Issue CloseFeb 20, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Apr 02, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Apr 03, 2024
Credit of Share (Tentative)Feb 22, 2024Apr 03, 2024
Listing date (Tentative)Feb 23, 2024Apr 04, 2024
Anchor Lockin End date 1May 02, 2024
Anchor Lockin End date 2Jul 01, 2024

Financials & KPIs

Atmastco IPO P/E ratio is 11.6, as compared to Trust Fintech IPO P/E ratio of 44.05.

 Atmastco IPOTrust Fintech IPO
Financials

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets24,391.5623,620.7213,273.9412,036.21
Total Income6,700.1624,278.769,468.146,990.68
Profit After Tax628.741,277.75323.0060.46
Net Worth6,259.035,520.334,235.233,912.23
Reserves and Surplus4,763.724,039.202,754.102,431.10
Total Borrowing7,317.467,125.685,155.925,410.48
Amount in ₹ Lakhs

Trust Fintech Limited Financial Information (Restated Standalone)

Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,989.433,118.891,958.721,590.01
Total Income1,883.132,270.191,800.002,417.94
Profit After Tax727.95402.21133.66219.66
Net Worth3,446.552,718.601,516.391,382.73
Reserves and Surplus2,928.062,200.11997.90864.25
Total Borrowing-34.32-3.80118.69-44.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.3993.51
Promoter Shareholding (Post-Issue)68.4368.85
P/E Ratio11.644.05
Market Cap₹190.46 Cr.₹240.63 Cr.
ROE23.15%23.61%
ROCE29.91%28.54%
Debt/Equity0.48
EPS₹6.64₹2.29
RoNW23.15%27.51%

Shares Offered

In the Atmastco IPO Retail Individual Investors (RII) are offered 34,69,600 shares while in Trust Fintech IPO retail investors are offered 34,69,600 shares. Qualified Institutional Buyers (QIB) are offered in Atmastco IPO and 11,92,800 shares in Trust Fintech IPO.

 Atmastco IPOTrust Fintech IPO
Anchor Investor Reserveration17,88,000 shares
Market Maker Reserveration3,66,400 shares3,18,000 shares
QIB11,92,800 shares
NII34,69,600 shares8,95,200 shares
RII34,69,600 shares20,88,000 shares
Employee
Others
Total69,39,200 shares59,64,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Trust Fintech IPO subscribed 108.63x.

 Atmastco IPOTrust Fintech IPO
QIB (times)65.38x
NII (times)14.92x244.48x
Big NII (times)
Small NII (times)
RII (times)18.24x75.10x
Employee (times)
Other (times)
Total (times)17.61x108.63x