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Frog Cellsat IPO vs Trident Lifeline IPO

Comparison between Frog Cellsat IPO and Trident Lifeline IPO.

IPO Details

Frog Cellsat IPO is a SME Fixed Price IPO proposed to list at NSE SME while Trident Lifeline IPO is a SME Fixed Price proposed to list at BSE SME.

 Frog Cellsat IPOTrident Lifeline IPO
LogoFrog Cellsat IPO LogoTrident Lifeline IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersSarthi Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Sunflower Broking Pvt.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 Frog Cellsat IPO is up to ₹39.49 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Frog Cellsat IPO is ₹102.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

 Frog Cellsat IPOTrident Lifeline IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹97.00 per share
Issue Price (Upper)₹102.00 per share
Issue Price (Final)₹102.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size38,71,200 shares33,24,000 shares
Fresh Issue Size (Amount)up to ₹39.49 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 Total38,71,200 shares33,24,000 shares
Issue Size Total (Amount)up to ₹39.49 Crup to ₹33.57 Cr

IPO Timetable

Frog Cellsat IPO opens on Sep 29, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Frog Cellsat IPO and Trident Lifeline IPO is Oct 04, 2022, and Sep 29, 2022, respectively.

 Frog Cellsat IPOTrident Lifeline IPO
Anchor Bid DateSep 28, 2022
Issue OpenSep 29, 2022Sep 26, 2022
Issue CloseOct 04, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 10, 2022Oct 04, 2022
Initiation of Refunds (Tentative)Oct 11, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 12, 2022Oct 07, 2022
Listing date (Tentative)Oct 13, 2022Oct 10, 2022
Anchor Lockin End date 1Nov 09, 2022
Anchor Lockin End date 2Jan 08, 2023

Financials & KPIs

Frog Cellsat IPO P/E ratio is 10.93, as compared to Trident Lifeline IPO P/E ratio of 51.53.

 Frog Cellsat IPOTrident Lifeline IPO
Financials
Frog Cellsat Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-208728.538850.61139.124531.794526.79
31-Mar-219285.2712939.841425.765957.555952.55
31-Mar-229724.6313529.241433.766896.186891.18
Amount in ₹ Lakhs
Trident Lifeline Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20638.92500.71-79.63-300.03
31-Mar-211144.41978.1363.23-47.07
31-Mar-221385.982237.14227.32480.25
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.99100
Promoter Shareholding (Post-Issue)73.4969.57
P/E Ratio10.9351.53
Market Cap₹156.83 Cr.₹116.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Frog Cellsat IPO Retail Individual Investors (RII) are offered 13,56,000 shares while in Trident Lifeline IPO retail investors are offered 13,56,000 shares. Qualified Institutional Buyers (QIB) are offered 7,75,200 shares in Frog Cellsat IPO and in Trident Lifeline IPO.

 Frog Cellsat IPOTrident Lifeline IPO
Anchor Investor Reserveration11,59,200 shares
Market Maker Reserveration2,04,000 shares1,75,200 shares
QIB7,75,200 shares
NII5,80,800 shares16,62,000 shares
RII13,56,000 shares16,62,000 shares
Employee
Others
Total38,71,200 shares33,24,000 shares

Bids Received (Subscription)

Frog Cellsat IPO subscribed 21.06x in total, whereas Trident Lifeline IPO subscribed 1.34x.

 Frog Cellsat IPOTrident Lifeline IPO
QIB (times)5.36x
NII (times)70.94x1.69x
Big NII (times)
Small NII (times)
RII (times)22.10x0.98x
Employee (times)
Other (times)
Total (times)21.06x1.34x