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Trident Lifeline IPO vs Vital Chemtech IPO

Comparison between Trident Lifeline IPO and Vital Chemtech IPO.

IPO Details

Trident Lifeline IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vital Chemtech IPO is a SME Bookbuilding proposed to list at NSE SME.

 Trident Lifeline IPOVital Chemtech IPO
LogoTrident Lifeline IPO LogoVital Chemtech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Sunflower 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 Trident Lifeline IPO is up to ₹33.57 Cr whereas the issue size of the Vital Chemtech IPO is up to ₹61.40 Cr. The final issue price of Trident Lifeline IPO is ₹101.00 per share and of Vital Chemtech IPO is ₹101.00 per share.

 Trident Lifeline IPOVital Chemtech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share
Issue Price (Upper)₹101.00 per share
Issue Price (Final)₹101.00 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 Size33,24,000 shares60,79,200 shares
Fresh Issue Size (Amount)up to ₹33.57 Crup to ₹61.40 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total33,24,000 shares60,79,200 shares
Issue Size Total (Amount)up to ₹33.57 Crup to ₹61.40 Cr

IPO Timetable

Trident Lifeline IPO opens on Sep 26, 2022, while Vital Chemtech IPO opens on Oct 31, 2022. The closing date of Trident Lifeline IPO and Vital Chemtech IPO is Sep 29, 2022, and Nov 03, 2022, respectively.

 Trident Lifeline IPOVital Chemtech IPO
Anchor Bid DateOct 30, 2022
Issue OpenSep 26, 2022Oct 31, 2022
Issue CloseSep 29, 2022Nov 03, 2022
Basis Of Allotment (Tentative)Oct 04, 2022Nov 09, 2022
Initiation of Refunds (Tentative)Oct 06, 2022Nov 10, 2022
Credit of Share (Tentative)Oct 07, 2022Nov 11, 2022
Listing date (Tentative)Oct 10, 2022Nov 14, 2022
Anchor Lockin End date 1Dec 09, 2022
Anchor Lockin End date 2Feb 07, 2023

Financials & KPIs

Trident Lifeline IPO P/E ratio is 51.53, as compared to Vital Chemtech IPO P/E ratio of 14.94.

 Trident Lifeline IPOVital Chemtech IPO
Financials
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
Vital Chemtech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202318.614161.24105.38303.750953.91
31-Mar-213041.344768.46293.78597.5201005.86
24-Nov-216408.98604.27784.5672.0601636.22
31-Mar-228093.715786.96670.941337.32670.943500.09
30-Apr-228991.921080.07135.181472.5806.123418.84
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)10099.99
Promoter Shareholding (Post-Issue)69.57
P/E Ratio51.5314.94
Market Cap₹116.14 Cr.₹241.91 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Trident Lifeline IPO Retail Individual Investors (RII) are offered 16,62,000 shares while in Vital Chemtech IPO retail investors are offered 16,62,000 shares. Qualified Institutional Buyers (QIB) are offered in Trident Lifeline IPO and 12,19,200 shares in Vital Chemtech IPO.

 Trident Lifeline IPOVital Chemtech IPO
Anchor Investor Reserveration18,18,000 shares
Market Maker Reserveration1,75,200 shares3,20,400 shares
QIB12,19,200 shares
NII16,62,000 shares9,12,000 shares
RII16,62,000 shares21,30,000 shares
Employee
Others
Total33,24,000 shares60,79,200 shares

Bids Received (Subscription)

Trident Lifeline IPO subscribed 1.34x in total, whereas Vital Chemtech IPO subscribed 79.33x.

 Trident Lifeline IPOVital Chemtech IPO
QIB (times)15.48x
NII (times)1.69x204.05x
Big NII (times)
Small NII (times)
RII (times)0.98x116.98x
Employee (times)
Other (times)
Total (times)1.34x79.33x