Indifra IPO vs Trident Techlabs IPO

Comparison between Indifra IPO and Trident Techlabs IPO.

IPO Details

Indifra IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trident Techlabs IPO is a SME Bookbuilding proposed to list at NSE SME.

	Indifra IPO	Trident Techlabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Giriraj Stock 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 Indifra IPO is up to ₹13.34 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹14.77 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

	Indifra IPO	Trident Techlabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹33.00 per share
Issue Price (Upper)		₹35.00 per share
Issue Price (Final)	₹65.00 per share	₹35.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	20,52,000 shares	42,20,000 shares
Fresh Issue Size (Amount)	up to ₹13.34 Cr	up to ₹14.77 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	20,52,000 shares	42,20,000 shares
Issue Size Total (Amount)	up to ₹13.34 Cr	up to ₹14.77 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of Indifra IPO and Trident Techlabs IPO is Dec 26, 2023, and Dec 26, 2023, respectively.

	Indifra IPO	Trident Techlabs IPO
Anchor Bid Date		Dec 20, 2023
Issue Open	Dec 21, 2023	Dec 21, 2023
Issue Close	Dec 26, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 28, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 28, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 29, 2023	Dec 29, 2023
Anchor Lockin End date 1		Jan 26, 2024
Anchor Lockin End date 2		Mar 26, 2024

Financials & KPIs

Indifra IPO P/E ratio is 11.23, as compared to Trident Techlabs IPO P/E ratio of 7.42.

Indifra IPO

Trident Techlabs IPO

Financials

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	630.24	312.46	420.10	229.63
Total Income	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
Amount in ₹ Lakhs

Trident Techlabs Limited Financial Information (Restated)

Trident Techlabs Limited's revenue increased by 128.4% and profit after tax (PAT) rose by 760.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,144.08	4,981.46	5,544.66	5,913.69
Total Income	2,114.33	6,824.16	2,987.80	2,833.98
Profit After Tax	266.13	554.81	64.49	-32.69
Net Worth	2,470.68	1,653.73	1,383.57	1,318.11
Reserves and Surplus	1,200.57	1,609.86	1,055.05	990.56
Total Borrowing	2,532.47	2,299.60	2,959.99	3,044.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.48

Promoter Shareholding (Post-Issue)

67.55

P/E Ratio

11.23

7.42

Market Cap

₹47.39 Cr.

₹60.48 Cr.

ROE

82.45%

34.41%

ROCE

86.21%

23.67%

Debt/Equity

0.84

EPS

₹5.79

₹4.72

RoNW

82.45%

29.36%

Shares Offered

In the Indifra IPO Retail Individual Investors (RII) are offered 10,26,000 shares while in Trident Techlabs IPO retail investors are offered 10,26,000 shares. Qualified Institutional Buyers (QIB) are offered in Indifra IPO and 8,04,000 shares in Trident Techlabs IPO.

	Indifra IPO	Trident Techlabs IPO
Anchor Investor Reserveration		12,04,000 shares
Market Maker Reserveration	1,08,000 shares	3,60,000 shares
QIB		8,04,000 shares
NII	10,26,000 shares	6,64,000 shares
RII	10,26,000 shares	15,48,000 shares
Employee
Others
Total	20,52,000 shares	42,20,000 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas Trident Techlabs IPO subscribed 763.30x.

	Indifra IPO	Trident Techlabs IPO
QIB (times)		117.91x
NII (times)	2.34x	854.37x
Big NII (times)
Small NII (times)
RII (times)	12.07x	1,059.43x
Employee (times)
Other (times)
Total (times)	7.21x	763.30x

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