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Kalahridhaan Trendz IPO vs Trust Fintech IPO

Comparison between Kalahridhaan Trendz IPO and Trust Fintech IPO.

IPO Details

Kalahridhaan Trendz 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.

 Kalahridhaan Trendz IPOTrust Fintech IPO
LogoKalahridhaan Trendz IPO LogoTrust Fintech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersInteractive Financial Services Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.SS Corporate Securities 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 Kalahridhaan Trendz IPO is up to ₹21.36 Cr whereas the issue size of the Trust Fintech IPO is up to ₹60.24 Cr. The final issue price of Kalahridhaan Trendz IPO is ₹45.00 per share and of Trust Fintech IPO is ₹101.00 per share.

 Kalahridhaan Trendz IPOTrust Fintech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹101.00 per share
Issue Price (Final)₹45.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size47,46,000 shares59,64,000 shares
Fresh Issue Size (Amount)up to ₹21.36 Crup to ₹60.24 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,46,000 shares59,64,000 shares
Issue Size Total (Amount)up to ₹21.36 Crup to ₹60.24 Cr

IPO Timetable

Kalahridhaan Trendz IPO opens on Feb 15, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Kalahridhaan Trendz IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.

 Kalahridhaan Trendz IPOTrust Fintech IPO
Anchor Bid DateMar 22, 2024
Issue OpenFeb 15, 2024Mar 26, 2024
Issue CloseFeb 20, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Apr 02, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Apr 03, 2024
Credit of Share (Tentative)Feb 22, 2024Apr 03, 2024
Listing date (Tentative)Feb 23, 2024Apr 04, 2024
Anchor Lockin End date 1May 02, 2024
Anchor Lockin End date 2Jul 01, 2024

Financials & KPIs

Kalahridhaan Trendz IPO P/E ratio is 8.24, as compared to Trust Fintech IPO P/E ratio of 44.05.

 Kalahridhaan Trendz IPOTrust Fintech IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets109.79109.63102.9859.79
Total Income84.35184.17183.90132.36
Profit After Tax4.796.662.461.11
NET Worth22.9112.035.372.91
Reserves and Surplus10.7212.035.372.91
Total Borrowing67.0261.0552.5031.46
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets39.8931.1919.5915.90
Total Income18.8322.7018.0024.18
Profit After Tax7.284.021.342.20
NET Worth34.4727.1915.1613.83
Reserves and Surplus29.2822.009.988.64
Total Borrowing-0.34-0.041.19-0.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.2293.51
Promoter Shareholding (Post-Issue)68.2468.85
P/E Ratio8.2444.05
Market Cap₹77.34 Cr.₹240.63 Cr.
ROE42.09%23.61%
ROCE17.39%28.54%
Debt/Equity3.19
EPS₹5.46₹2.29
RoNW36.75%27.51%

Shares Offered

In the Kalahridhaan Trendz IPO Retail Individual Investors (RII) are offered 23,73,000 shares while in Trust Fintech IPO retail investors are offered 23,73,000 shares. Qualified Institutional Buyers (QIB) are offered in Kalahridhaan Trendz IPO and 11,92,800 shares in Trust Fintech IPO.

 Kalahridhaan Trendz IPOTrust Fintech IPO
Anchor Investor Reservation17,88,000 shares
Market Maker Reservation2,52,000 shares3,18,000 shares
QIB11,92,800 shares
NII23,73,000 shares8,95,200 shares
RII23,73,000 shares20,88,000 shares
Employee
Others
Total47,46,000 shares59,64,000 shares

Bids Received (Subscription)

Kalahridhaan Trendz IPO subscribed 8.15x in total, whereas Trust Fintech IPO subscribed 108.63x.

 Kalahridhaan Trendz IPOTrust Fintech IPO
QIB (times)65.38x
NII (times)6.66x244.48x
Big NII (times)
Small NII (times)
RII (times)9.63x75.10x
Employee (times)
Other (times)
Total (times)8.15x108.63x

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Compare:

Kalahridhaan Trendz IPO Vs Trust Fintech IPO