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.

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 (Final)₹103.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
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

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

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets32.4227.861.58
Total Income10.541.721.50
Profit After Tax0.540.070.00
NET Worth26.4925.950.07
Reserves and Surplus8.180.060.06
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202231 Mar 202131 Mar 2020
Assets13.8611.446.39
Total Income22.379.785.01
Profit After Tax2.270.63-0.80
NET Worth4.80-0.47-3.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.12%100%
Promoter Shareholding (Post-Issue)65%69.57%
P/E Ratio429.1651.53
Market Cap₹232.10 Cr.₹116.14 Cr.
ROE2.95
ROCE2.04
Debt/Equity0.14
EPS₹0.30₹3.98
RoNW2.0447.33

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 0 shares in Pace E-Commerce Ventures IPO and in Trident Lifeline IPO.

 Pace E-Commerce Ventures IPOTrident Lifeline IPO
Anchor Investor Reservation0 shares
Market Maker Reservation3,32,400 shares1,75,200 shares
QIB0 shares
NII30,63,600 shares16,62,000 shares
RII30,63,600 shares16,62,000 shares
Employee0 shares
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.

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