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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 IPOTrident Techlabs IPO
LogoIndifra IPO LogoTrident Techlabs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO 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 IPOTrident 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 Size2000 shares4000 shares
Fresh Issue Size20,52,000 shares42,20,000 shares
Fresh Issue Size (Amount)up to ₹13.34 Crup to ₹14.77 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,52,000 shares42,20,000 shares
Issue Size Total (Amount)up to ₹13.34 Crup 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 IPOTrident Techlabs IPO
Anchor Bid DateDec 20, 2023
Issue OpenDec 21, 2023Dec 21, 2023
Issue CloseDec 26, 2023Dec 26, 2023
Basis Of Allotment (Tentative)Dec 27, 2023Dec 27, 2023
Initiation of Refunds (Tentative)Dec 28, 2023Dec 28, 2023
Credit of Share (Tentative)Dec 28, 2023Dec 28, 2023
Listing date (Tentative)Dec 29, 2023Dec 29, 2023
Anchor Lockin End date 1Jan 26, 2024
Anchor Lockin End date 2Mar 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 IPOTrident Techlabs IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets6.303.124.202.30
Total Income0.6410.0210.923.07
Profit After Tax0.040.990.400.11
NET Worth5.331.700.710.31
Reserves and Surplus0.201.690.700.30
Total Borrowing0.380.510.45
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.4449.8155.4559.14
Total Income21.1468.2429.8828.34
Profit After Tax2.665.550.64-0.33
NET Worth24.7116.5413.8413.18
Reserves and Surplus12.0116.1010.559.91
Total Borrowing25.3223.0029.6030.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)9692.48
Promoter Shareholding (Post-Issue)67.55
P/E Ratio11.237.42
Market Cap₹47.39 Cr.₹60.48 Cr.
ROE82.45%34.41%
ROCE86.21%23.67%
Debt/Equity0.84
EPS₹5.79₹4.72
RoNW82.45%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 IPOTrident Techlabs IPO
Anchor Investor Reservation12,04,000 shares
Market Maker Reservation1,08,000 shares3,60,000 shares
QIB8,04,000 shares
NII10,26,000 shares6,64,000 shares
RII10,26,000 shares15,48,000 shares
Employee
Others
Total20,52,000 shares42,20,000 shares

Bids Received (Subscription)

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

 Indifra IPOTrident Techlabs IPO
QIB (times)117.91x
NII (times)2.34x854.37x
Big NII (times)
Small NII (times)
RII (times)12.07x1,059.43x
Employee (times)
Other (times)
Total (times)7.21x763.30x

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Compare:

Indifra IPO Vs Trident Techlabs IPO