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Sahara Maritime IPO vs Trident Techlabs IPO

Comparison between Sahara Maritime IPO and Trident Techlabs IPO.

IPO Details

Sahara Maritime IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Trident Techlabs IPO is a SME Bookbuilding proposed to list at NSE SME.

 Sahara Maritime IPOTrident Techlabs IPO
LogoSahara Maritime IPO LogoTrident Techlabs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSwaraj shares & securities Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerShreni Shares Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Sahara Maritime IPO is up to ₹6.53 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹14.77 Cr. The final issue price of Sahara Maritime IPO is ₹81.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

 Sahara Maritime IPOTrident Techlabs IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹33.00 per share
Issue Price (Upper)₹35.00 per share
Issue Price (Final)₹81.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares4000 shares
Fresh Issue Size8,06,400 shares42,20,000 shares
Fresh Issue Size (Amount)up to ₹6.53 Crup to ₹14.77 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total8,06,400 shares42,20,000 shares
Issue Size Total (Amount)up to ₹6.53 Crup to ₹14.77 Cr

IPO Timetable

Sahara Maritime IPO opens on Dec 18, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of Sahara Maritime IPO and Trident Techlabs IPO is Dec 20, 2023, and Dec 26, 2023, respectively.

 Sahara Maritime IPOTrident Techlabs IPO
Anchor Bid DateDec 20, 2023
Issue OpenDec 18, 2023Dec 21, 2023
Issue CloseDec 20, 2023Dec 26, 2023
Basis Of Allotment (Tentative)Dec 21, 2023Dec 27, 2023
Initiation of Refunds (Tentative)Dec 22, 2023Dec 28, 2023
Credit of Share (Tentative)Dec 22, 2023Dec 28, 2023
Listing date (Tentative)Dec 26, 2023Dec 29, 2023
Anchor Lockin End date 1Jan 26, 2024
Anchor Lockin End date 2Mar 26, 2024

Financials & KPIs

Sahara Maritime IPO P/E ratio is 15.03, as compared to Trident Techlabs IPO P/E ratio of 7.42.

 Sahara Maritime IPOTrident Techlabs IPO
Financials

Sahara Maritime Limited Financial Information (Restated)

Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets880.95964.52733.57535.74
Total Income531.992,611.122,104.521,021.64
Profit After Tax1.04120.7452.3564.78
Net Worth531.58530.54365.69313.34
Reserves and Surplus309.47308.43364.69312.34
Total Borrowing163.81173.2611.9738.72
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 Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,144.084,981.465,544.665,913.69
Total Income2,114.336,824.162,987.802,833.98
Profit After Tax266.13554.8164.49-32.69
Net Worth2,470.681,653.731,383.571,318.11
Reserves and Surplus1,200.571,609.861,055.05990.56
Total Borrowing2,532.472,299.602,959.993,044.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0092.48
Promoter Shareholding (Post-Issue)72.32
P/E Ratio15.037.42
Market Cap₹24.87 Cr.₹60.48 Cr.
ROE26.72%34.41%
ROCE32.77%23.67%
Debt/Equity0.330.84
EPS₹5.44₹4.72
RoNW22.76%29.36%

Shares Offered

In the Sahara Maritime IPO Retail Individual Investors (RII) are offered 4,03,200 shares while in Trident Techlabs IPO retail investors are offered 4,03,200 shares. Qualified Institutional Buyers (QIB) are offered in Sahara Maritime IPO and 8,04,000 shares in Trident Techlabs IPO.

 Sahara Maritime IPOTrident Techlabs IPO
Anchor Investor Reserveration12,04,000 shares
Market Maker Reserveration43,200 shares3,60,000 shares
QIB8,04,000 shares
NII4,03,200 shares6,64,000 shares
RII4,03,200 shares15,48,000 shares
Employee
Others
Total8,06,400 shares42,20,000 shares

Bids Received (Subscription)

Sahara Maritime IPO subscribed 22.67x in total, whereas Trident Techlabs IPO subscribed 763.30x.

 Sahara Maritime IPOTrident Techlabs IPO
QIB (times)117.91x
NII (times)8.98x854.37x
Big NII (times)
Small NII (times)
RII (times)36.35x1,059.43x
Employee (times)
Other (times)
Total (times)22.67x763.30x