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Electro Force IPO vs Trident Techlabs IPO

Comparison between Electro Force IPO and Trident Techlabs IPO.

IPO Details

Electro Force 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.

 Electro Force IPOTrident Techlabs IPO
LogoElectro Force IPO LogoTrident Techlabs IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerArham Shares Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹14.77 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

 Electro Force 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)₹93.00 per share₹35.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares4000 shares
Fresh Issue Size55,64,400 shares42,20,000 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹14.77 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares42,20,000 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹14.77 Cr

IPO Timetable

Electro Force IPO opens on Dec 19, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of Electro Force IPO and Trident Techlabs IPO is Dec 21, 2023, and Dec 26, 2023, respectively.

 Electro Force IPOTrident Techlabs IPO
Anchor Bid DateDec 20, 2023
Issue OpenDec 19, 2023Dec 21, 2023
Issue CloseDec 21, 2023Dec 26, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 27, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 28, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 28, 2023
Listing date (Tentative)Dec 27, 2023Dec 29, 2023
Anchor Lockin End date 1Jan 26, 2024
Anchor Lockin End date 2Mar 26, 2024

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to Trident Techlabs IPO P/E ratio of 7.42.

 Electro Force IPOTrident Techlabs IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets61.4449.8155.4559.14
Total Income21.1468.2429.8828.34
Profit After Tax2.665.550.64-0.33
NET Worth24.7116.5413.8413.18
Reserves and Surplus12.0116.1010.559.91
Total Borrowing25.3223.0029.6030.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0092.48
Promoter Shareholding (Post-Issue)62.93
P/E Ratio20.227.42
Market Cap₹217.62 Cr.₹60.48 Cr.
ROE43.57%34.41%
ROCE58.23%23.67%
Debt/Equity0.84
EPS₹4.60₹4.72
RoNW43.57%29.36%

Shares Offered

In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Trident Techlabs IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and 8,04,000 shares in Trident Techlabs IPO.

 Electro Force IPOTrident Techlabs IPO
Anchor Investor Reservation12,04,000 shares
Market Maker Reservation4,35,600 shares3,60,000 shares
QIB8,04,000 shares
NII41,19,600 shares6,64,000 shares
RII41,19,600 shares15,48,000 shares
Employee
Others
Total82,39,200 shares42,20,000 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas Trident Techlabs IPO subscribed 763.30x.

 Electro Force IPOTrident Techlabs IPO
QIB (times)117.91x
NII (times)2.12x854.37x
Big NII (times)
Small NII (times)
RII (times)6.44x1,059.43x
Employee (times)
Other (times)
Total (times)4.28x763.30x

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Compare:

Electro Force IPO Vs Trident Techlabs IPO