Comparison between Esconet Technologies IPO and Trust Fintech IPO.
Esconet Technologies 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.
| Esconet Technologies IPO | Trust Fintech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Corporate Capitalventures Pvt.Ltd. | Corporate Capitalventures Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | SS Corporate Securities Ltd. | SS Corporate Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Esconet Technologies IPO is up to ₹26.75 Cr whereas the issue size of the Trust Fintech IPO is up to ₹60.24 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Trust Fintech IPO is ₹101.00 per share.
| Esconet Technologies IPO | Trust Fintech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹80.00 per share | ₹95.00 per share |
| Issue Price (Upper) | ₹84.00 per share | ₹101.00 per share |
| Issue Price (Final) | ₹84.00 per share | ₹101.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 31,84,000 shares | 59,64,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.75 Cr | up to ₹60.24 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 31,84,000 shares | 59,64,000 shares |
| Issue Size Total (Amount) | up to ₹26.75 Cr | up to ₹60.24 Cr |
Esconet Technologies IPO opens on Feb 16, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Esconet Technologies IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.
| Esconet Technologies IPO | Trust Fintech IPO | |
|---|---|---|
| Anchor Bid Date | Feb 15, 2024 | Mar 22, 2024 |
| Issue Open | Feb 16, 2024 | Mar 26, 2024 |
| Issue Close | Feb 20, 2024 | Mar 28, 2024 |
| Basis Of Allotment (Tentative) | Feb 21, 2024 | Apr 02, 2024 |
| Initiation of Refunds (Tentative) | Feb 22, 2024 | Apr 03, 2024 |
| Credit of Share (Tentative) | Feb 22, 2024 | Apr 03, 2024 |
| Listing date (Tentative) | Feb 23, 2024 | Apr 04, 2024 |
| Anchor Lockin End date 1 | Mar 22, 2024 | May 02, 2024 |
| Anchor Lockin End date 2 | May 21, 2024 | Jul 01, 2024 |
Esconet Technologies IPO P/E ratio is 24.87, as compared to Trust Fintech IPO P/E ratio of 44.05.
| Esconet Technologies IPO | Trust Fintech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Esconet Technologies Limited Financial Information (Restated Consolidated)
| 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.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 89.18 | 93.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.94 | 68.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.87 | 44.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹103.82 Cr. | ₹240.63 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 75.54% | 23.61% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 59.11% | 28.54% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹39.63 | ₹2.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 54.83% | 27.51% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Esconet Technologies IPO Retail Individual Investors (RII) are offered 11,15,200 shares while in Trust Fintech IPO retail investors are offered 11,15,200 shares. Qualified Institutional Buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 11,92,800 shares in Trust Fintech IPO.
| Esconet Technologies IPO | Trust Fintech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 9,53,600 shares | 17,88,000 shares |
| Market Maker Reserveration | 1,76,000 shares | 3,18,000 shares |
| QIB | 6,36,800 shares | 11,92,800 shares |
| NII | 4,78,400 shares | 8,95,200 shares |
| RII | 11,15,200 shares | 20,88,000 shares |
| Employee | ||
| Others | ||
| Total | 31,84,000 shares | 59,64,000 shares |
Esconet Technologies IPO subscribed 507.24x in total, whereas Trust Fintech IPO subscribed 108.63x.
| Esconet Technologies IPO | Trust Fintech IPO | |
|---|---|---|
| QIB (times) | 156.02x | 65.38x |
| NII (times) | 868.05x | 244.48x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 553.02x | 75.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 507.24x | 108.63x |
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