Comparison between Steelman Telecom IPO and Trident Lifeline IPO.
Steelman Telecom 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.
| Steelman Telecom IPO | Trident Lifeline IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Steelman Telecom IPO is up to ₹24.72 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Trident Lifeline IPO is ₹101.00 per share.
| Steelman Telecom IPO | Trident Lifeline IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹96.00 per share | ₹101.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1200 shares |
| Fresh Issue Size | 17,61,600 shares | 33,24,000 shares |
| Fresh Issue Size (Amount) | up to ₹16.91 Cr | up to ₹33.57 Cr |
| OFS Issue Size | 8,13,600 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.81 Cr | up to ₹0.00 Cr |
| Issue Size Total | 25,75,200 shares | 33,24,000 shares |
| Issue Size Total (Amount) | up to ₹24.72 Cr | up to ₹33.57 Cr |
Steelman Telecom IPO opens on Sep 26, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Steelman Telecom IPO and Trident Lifeline IPO is Sep 29, 2022, and Sep 29, 2022, respectively.
| Steelman Telecom IPO | Trident Lifeline IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 26, 2022 | Sep 26, 2022 |
| Issue Close | Sep 29, 2022 | Sep 29, 2022 |
| Basis Of Allotment (Tentative) | Oct 07, 2022 | Oct 04, 2022 |
| Initiation of Refunds (Tentative) | Oct 10, 2022 | Oct 06, 2022 |
| Credit of Share (Tentative) | Oct 10, 2022 | Oct 07, 2022 |
| Listing date (Tentative) | Oct 10, 2022 | Oct 10, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Steelman Telecom IPO P/E ratio is 23.41, as compared to Trident Lifeline IPO P/E ratio of 51.53.
| Steelman Telecom IPO | Trident Lifeline IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 71.98 | 69.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.41 | 51.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹92.89 Cr. | ₹116.14 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 29.49 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 35.78 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.23 | ₹3.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 25.74 | 47.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Steelman Telecom IPO Retail Individual Investors (RII) are offered 9,02,400 shares while in Trident Lifeline IPO retail investors are offered 9,02,400 shares. Qualified Institutional Buyers (QIB) are offered in Steelman Telecom IPO and in Trident Lifeline IPO.
| Steelman Telecom IPO | Trident Lifeline IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,35,600 shares | 1,75,200 shares |
| QIB | ||
| NII | 16,72,800 shares | 16,62,000 shares |
| RII | 9,02,400 shares | 16,62,000 shares |
| Employee | ||
| Others | ||
| Total | 25,75,200 shares | 33,24,000 shares |
Steelman Telecom IPO subscribed 22.40x in total, whereas Trident Lifeline IPO subscribed 1.34x.
| Steelman Telecom IPO | Trident Lifeline IPO | |
|---|---|---|
| QIB (times) | 7.78x | |
| NII (times) | 70.09x | 1.69x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 22.82x | 0.98x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 22.40x | 1.34x |
