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Reetech International Cargo IPO vs Trident Lifeline IPO

Comparison between Reetech International Cargo IPO and Trident Lifeline IPO.

IPO Details

Reetech International Cargo 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.

 Reetech International Cargo IPOTrident Lifeline IPO
LogoReetech International Cargo IPO LogoTrident Lifeline IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersGretex Corporate Services Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGretex Share Broking Pvt.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 Reetech International Cargo IPO is up to ₹11.11 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

 Reetech International Cargo IPOTrident Lifeline IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹105.00 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 Size5,41,200 shares33,24,000 shares
Fresh Issue Size (Amount)up to ₹5.68 Crup to ₹33.57 Cr
OFS Issue Size5,17,200 shares0 shares
OFS Issue Size (Amount)up to ₹5.43 Crup to ₹0.00 Cr
Issue Size Total10,58,400 shares33,24,000 shares
Issue Size Total (Amount)up to ₹11.11 Crup to ₹33.57 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Reetech International Cargo IPO and Trident Lifeline IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

 Reetech International Cargo IPOTrident Lifeline IPO
Anchor Bid Date
Issue OpenSep 27, 2022Sep 26, 2022
Issue CloseSep 29, 2022Sep 29, 2022
Basis Of Allotment (Tentative)Oct 04, 2022Oct 04, 2022
Initiation of Refunds (Tentative)Oct 06, 2022Oct 06, 2022
Credit of Share (Tentative)Oct 07, 2022Oct 07, 2022
Listing date (Tentative)Oct 10, 2022Oct 10, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Trident Lifeline IPO P/E ratio of 51.53.

 Reetech International Cargo IPOTrident Lifeline IPO
Financials
Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-20396.1718.9913.98325.06273.21
31-Mar-21877.781842.4130.1365.59313.74
31-Mar-221727.5211689.1417.29801.06749.21
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)99.99100
Promoter Shareholding (Post-Issue)73.6269.57
P/E Ratio10.6451.53
Market Cap₹44.39 Cr.₹116.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Reetech International Cargo IPO Retail Individual Investors (RII) are offered 5,29,200 shares while in Trident Lifeline IPO retail investors are offered 5,29,200 shares. Qualified Institutional Buyers (QIB) are offered in Reetech International Cargo IPO and in Trident Lifeline IPO.

 Reetech International Cargo IPOTrident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration56,400 shares1,75,200 shares
QIB
NII5,29,200 shares16,62,000 shares
RII5,29,200 shares16,62,000 shares
Employee
Others
Total10,58,400 shares33,24,000 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Trident Lifeline IPO subscribed 1.34x.

 Reetech International Cargo IPOTrident Lifeline IPO
QIB (times)
NII (times)1.43x1.69x
Big NII (times)
Small NII (times)
RII (times)1.92x0.98x
Employee (times)
Other (times)
Total (times)1.67x1.34x