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Pace E-Commerce Ventures IPO vs Trident Lifeline IPO

Comparison between Pace E-Commerce Ventures IPO and Trident Lifeline IPO.

IPO Details

Pace E-Commerce Ventures IPO is a SME Fixed Price IPO proposed to list at BSE SME while Trident Lifeline IPO is a SME Fixed Price proposed to list at BSE SME.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
LogoPace E-Commerce Ventures IPO LogoTrident Lifeline IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerBeeline Broking Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Pace E-Commerce Ventures IPO is up to ₹63.11 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Pace E-Commerce Ventures IPO is ₹103.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹103.00 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 Size36,67,600 shares33,24,000 shares
Fresh Issue Size (Amount)up to ₹37.78 Crup to ₹33.57 Cr
OFS Issue Size24,59,600 shares0 shares
OFS Issue Size (Amount)up to ₹25.33 Crup to ₹0.00 Cr
Issue Size Total61,27,200 shares33,24,000 shares
Issue Size Total (Amount)up to ₹63.11 Crup to ₹33.57 Cr

IPO Timetable

Pace E-Commerce Ventures IPO opens on Sep 29, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Pace E-Commerce Ventures IPO and Trident Lifeline IPO is Oct 13, 2022, and Sep 29, 2022, respectively.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
Anchor Bid Date
Issue OpenSep 29, 2022Sep 26, 2022
Issue CloseOct 13, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 18, 2022Oct 04, 2022
Initiation of Refunds (Tentative)Oct 19, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 20, 2022Oct 07, 2022
Listing date (Tentative)Oct 20, 2022Oct 10, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Pace E-Commerce Ventures IPO P/E ratio is 429.16, as compared to Trident Lifeline IPO P/E ratio of 51.53.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
Financials
Pace E-Commerce Ventures Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20157.97150.420.347.246.24
31-Mar-212786.01171.897.182595.326.24
31-Mar-223241.711054.1554.122649.44817.54
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)91.12100
Promoter Shareholding (Post-Issue)6569.57
P/E Ratio429.1651.53
Market Cap₹232.10 Cr.₹116.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Pace E-Commerce Ventures IPO Retail Individual Investors (RII) are offered 30,63,600 shares while in Trident Lifeline IPO retail investors are offered 30,63,600 shares. Qualified Institutional Buyers (QIB) are offered in Pace E-Commerce Ventures IPO and in Trident Lifeline IPO.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration3,32,400 shares1,75,200 shares
QIB
NII30,63,600 shares16,62,000 shares
RII30,63,600 shares16,62,000 shares
Employee
Others
Total61,27,200 shares33,24,000 shares

Bids Received (Subscription)

Pace E-Commerce Ventures IPO subscribed 1.14x in total, whereas Trident Lifeline IPO subscribed 1.34x.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
QIB (times)
NII (times)1.72x1.69x
Big NII (times)
Small NII (times)
RII (times)0.55x0.98x
Employee (times)
Other (times)
Total (times)1.14x1.34x