Comparison between Swastik Pipe IPO and Trident Lifeline IPO.
Swastik Pipe IPO is a SME Fixed Price IPO proposed to list at NSE SME while Trident Lifeline IPO is a SME Fixed Price proposed to list at BSE SME.
| Swastik Pipe IPO | Trident Lifeline IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Corporate Capitalventures Pvt.Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | SS Corporate Securities 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 Swastik Pipe IPO is up to ₹59.38 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹33.57 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Trident Lifeline IPO is ₹101.00 per share.
| Swastik Pipe IPO | Trident Lifeline IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹97.00 per share | |
| Issue Price (Upper) | ₹100.00 per share | |
| Issue Price (Final) | ₹100.00 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 | 59,37,600 shares | 33,24,000 shares |
| Fresh Issue Size (Amount) | up to ₹59.38 Cr | up to ₹33.57 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 | 59,37,600 shares | 33,24,000 shares |
| Issue Size Total (Amount) | up to ₹59.38 Cr | up to ₹33.57 Cr |
Swastik Pipe IPO opens on Sep 29, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Swastik Pipe IPO and Trident Lifeline IPO is Oct 03, 2022, and Sep 29, 2022, respectively.
| Swastik Pipe IPO | Trident Lifeline IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 29, 2022 | Sep 26, 2022 |
| Issue Close | Oct 03, 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 11, 2022 | Oct 07, 2022 |
| Listing date (Tentative) | Oct 12, 2022 | Oct 10, 2022 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Swastik Pipe IPO P/E ratio is 11.38, as compared to Trident Lifeline IPO P/E ratio of 51.53.
| Swastik Pipe IPO | Trident Lifeline IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.27 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.51 | 69.57 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.38 | 51.53 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹232.32 Cr. | ₹116.14 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹14.19 | ₹3.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 14.41 | 47.33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Swastik Pipe IPO Retail Individual Investors (RII) are offered 29,68,800 shares while in Trident Lifeline IPO retail investors are offered 29,68,800 shares. Qualified Institutional Buyers (QIB) are offered in Swastik Pipe IPO and in Trident Lifeline IPO.
| Swastik Pipe IPO | Trident Lifeline IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 3,14,400 shares | 1,75,200 shares |
| QIB | ||
| NII | 29,68,800 shares | 16,62,000 shares |
| RII | 29,68,800 shares | 16,62,000 shares |
| Employee | ||
| Others | ||
| Total | 59,37,600 shares | 33,24,000 shares |
Swastik Pipe IPO subscribed 1.35x in total, whereas Trident Lifeline IPO subscribed 1.34x.
| Swastik Pipe IPO | Trident Lifeline IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 1.37x | 1.69x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.33x | 0.98x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.35x | 1.34x |
