Cargosol Logistics IPO vs Trident Lifeline IPO

Comparison between Cargosol Logistics IPO and Trident Lifeline IPO.

IPO Details

Cargosol Logistics IPO is a SME Fixed Price IPO proposed to list at BSE SME while Trident Lifeline IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Cargosol Logistics IPO is up to ₹7.17 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Cargosol Logistics IPO is ₹28.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

 Cargosol Logistics IPOTrident Lifeline IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹28.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares1200 shares
Fresh Issue Size25,60,000 shares33,24,000 shares
Fresh Issue Size (Amount)up to ₹7.17 Crup to ₹33.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,60,000 shares33,24,000 shares
Issue Size Total (Amount)up to ₹7.17 Crup to ₹33.57 Cr

IPO Timetable

Cargosol Logistics IPO opens on Sep 28, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Cargosol Logistics IPO and Trident Lifeline IPO is Sep 30, 2022, and Sep 29, 2022, respectively.

 Cargosol Logistics IPOTrident Lifeline IPO
Issue OpenSep 28, 2022Sep 26, 2022
Issue CloseSep 30, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 06, 2022Oct 04, 2022
Initiation of Refunds (Tentative)Oct 07, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 10, 2022Oct 07, 2022
Listing date (Tentative)Oct 10, 2022Oct 10, 2022

Financials & KPIs

Cargosol Logistics IPO P/E ratio is 5.15, as compared to Trident Lifeline IPO P/E ratio of 51.53.

 Cargosol Logistics IPOTrident Lifeline IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets57.8241.0829.7226.89
Total Income200.72103.6064.1355.91
Profit After Tax5.541.761.201.02
NET Worth16.009.797.826.57
Reserves and Surplus8.507.296.826.07
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets13.8611.446.39
Total Income22.379.785.01
Profit After Tax2.270.63-0.80
NET Worth4.80-0.47-3.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.52%69.57%
P/E Ratio5.1551.53
Market Cap₹28.56 Cr.₹116.14 Cr.
ROE43
ROCE23.8
Debt/Equity1.41
EPS₹8.28₹3.98
RoNW38.8147.33

Shares Offered

In the Cargosol Logistics IPO Retail Individual Investors (RII) are offered 12,80,000 shares while in Trident Lifeline IPO retail investors are offered 12,80,000 shares. Qualified Institutional Buyers (QIB) are offered in Cargosol Logistics IPO and in Trident Lifeline IPO.

 Cargosol Logistics IPOTrident Lifeline IPO
Market Maker Reservation1,40,000 shares1,75,200 shares
NII12,80,000 shares16,62,000 shares
RII12,80,000 shares16,62,000 shares
Total25,60,000 shares33,24,000 shares

Bids Received (Subscription)

Cargosol Logistics IPO subscribed 55.43x in total, whereas Trident Lifeline IPO subscribed 1.34x.

 Cargosol Logistics IPOTrident Lifeline IPO
NII (times)84.61x1.69x
RII (times)26.26x0.98x
Total (times)55.43x1.34x

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