S J Logistics IPO vs Trident Techlabs IPO

Comparison between S J Logistics IPO and Trident Techlabs IPO.

IPO Details

S J Logistics 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.

	S J Logistics IPO	Trident Techlabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of S J Logistics IPO is up to ₹45.59 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹14.77 Cr. The final issue price of S J Logistics IPO is ₹125.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

	S J Logistics IPO	Trident Techlabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹33.00 per share
Issue Price (Upper)	₹125.00 per share	₹35.00 per share
Issue Price (Final)	₹125.00 per share	₹35.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	4000 shares
Fresh Issue Size	36,47,000 shares	42,20,000 shares
Fresh Issue Size (Amount)	up to ₹45.59 Cr	up to ₹14.77 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	36,47,000 shares	42,20,000 shares
Issue Size Total (Amount)	up to ₹45.59 Cr	up to ₹14.77 Cr

IPO Timetable

S J Logistics IPO opens on Dec 12, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of S J Logistics IPO and Trident Techlabs IPO is Dec 14, 2023, and Dec 26, 2023, respectively.

	S J Logistics IPO	Trident Techlabs IPO
Anchor Bid Date	Dec 11, 2023	Dec 20, 2023
Issue Open	Dec 12, 2023	Dec 21, 2023
Issue Close	Dec 14, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 15, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 18, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 18, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 19, 2023	Dec 29, 2023
Anchor Lockin End date 1	Jan 14, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 14, 2024	Mar 26, 2024

Financials & KPIs

S J Logistics IPO P/E ratio is 14.14, as compared to Trident Techlabs IPO P/E ratio of 7.42.

S J Logistics IPO

Trident Techlabs IPO

Financials

S J Logistics (India) Limited Financial Information (Restated Consolidated)

S J Logistics (India) Limited's revenue increased by 29.88% and profit after tax (PAT) rose by 340.23% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,541.07	8,104.32	5,062.51	5,013.55
Total Income	10,338.56	13,500.99	10,395.18	12,402.88
Profit After Tax	931.07	761.56	172.99	82.99
Net Worth	5,640.93	3,120.32
Reserves and Surplus	4,576.62	2,825.15	1,342.14	1,169.15
Total Borrowing	2,952.40	3,356.00
Amount in ₹ Lakhs

Trident Techlabs Limited Financial Information (Restated)

Trident Techlabs Limited's revenue increased by 128.4% and profit after tax (PAT) rose by 760.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,144.08	4,981.46	5,544.66	5,913.69
Total Income	2,114.33	6,824.16	2,987.80	2,833.98
Profit After Tax	266.13	554.81	64.49	-32.69
Net Worth	2,470.68	1,653.73	1,383.57	1,318.11
Reserves and Surplus	1,200.57	1,609.86	1,055.05	990.56
Total Borrowing	2,532.47	2,299.60	2,959.99	3,044.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

67.55

92.48

Promoter Shareholding (Post-Issue)

49.64

P/E Ratio

14.14

7.42

Market Cap

₹181.04 Cr.

₹60.48 Cr.

ROE

24.41%

34.41%

ROCE

18.58%

23.67%

Debt/Equity

1.08

0.84

EPS

₹8.84

₹4.72

RoNW

24.41%

29.36%

Shares Offered

In the S J Logistics IPO Retail Individual Investors (RII) are offered 12,77,000 shares while in Trident Techlabs IPO retail investors are offered 12,77,000 shares. Qualified Institutional Buyers (QIB) are offered 7,30,000 shares in S J Logistics IPO and 8,04,000 shares in Trident Techlabs IPO.

	S J Logistics IPO	Trident Techlabs IPO
Anchor Investor Reserveration	10,92,000 shares	12,04,000 shares
Market Maker Reserveration	1,93,000 shares	3,60,000 shares
QIB	7,30,000 shares	8,04,000 shares
NII	5,48,000 shares	6,64,000 shares
RII	12,77,000 shares	15,48,000 shares
Employee
Others
Total	36,47,000 shares	42,20,000 shares

Bids Received (Subscription)

S J Logistics IPO subscribed 316.26x in total, whereas Trident Techlabs IPO subscribed 763.30x.

	S J Logistics IPO	Trident Techlabs IPO
QIB (times)	116.16x	117.91x
NII (times)	489.45x	854.37x
Big NII (times)
Small NII (times)
RII (times)	356.33x	1,059.43x
Employee (times)
Other (times)
Total (times)	316.26x	763.30x

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