Siyaram Recycling Industries IPO vs Trident Techlabs IPO

Comparison between Siyaram Recycling Industries IPO and Trident Techlabs IPO.

IPO Details

Siyaram Recycling Industries 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.

	Siyaram Recycling Industries IPO	Trident Techlabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Siyaram Recycling Industries IPO is up to ₹21.80 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹14.77 Cr. The final issue price of Siyaram Recycling Industries IPO is ₹46.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

	Siyaram Recycling Industries IPO	Trident Techlabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹43.00 per share	₹33.00 per share
Issue Price (Upper)	₹46.00 per share	₹35.00 per share
Issue Price (Final)	₹46.00 per share	₹35.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	3000 shares	4000 shares
Fresh Issue Size	47,40,000 shares	42,20,000 shares
Fresh Issue Size (Amount)	up to ₹21.80 Cr	up to ₹14.77 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	47,40,000 shares	42,20,000 shares
Issue Size Total (Amount)	up to ₹21.80 Cr	up to ₹14.77 Cr

IPO Timetable

Siyaram Recycling Industries IPO opens on Dec 14, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of Siyaram Recycling Industries IPO and Trident Techlabs IPO is Dec 18, 2023, and Dec 26, 2023, respectively.

	Siyaram Recycling Industries IPO	Trident Techlabs IPO
Anchor Bid Date	Dec 13, 2023	Dec 20, 2023
Issue Open	Dec 14, 2023	Dec 21, 2023
Issue Close	Dec 18, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 20, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 21, 2023	Dec 29, 2023
Anchor Lockin End date 1	Jan 18, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 18, 2024	Mar 26, 2024

Financials & KPIs

Siyaram Recycling Industries IPO P/E ratio is 8.3, as compared to Trident Techlabs IPO P/E ratio of 7.42.

Siyaram Recycling Industries IPO

Trident Techlabs IPO

Financials

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	15,136.31	9,851.35	9,823.59
Total Income	49,786.27	42,644.34	13,972.93
Profit After Tax	765.42	322.47	142.28
Net Worth	4,642.12	3,876.71	3,554.23
Reserves and Surplus	3,261.57	2,496.16	2,173.68
Total Borrowing	6,706.95	2,821.02	2,931.72
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 Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,144.08	4,981.46	5,544.66	5,913.69
Total Income	2,114.33	6,824.16	2,987.80	2,833.98
Profit After Tax	266.13	554.81	64.49	-32.69
Net Worth	2,470.68	1,653.73	1,383.57	1,318.11
Reserves and Surplus	1,200.57	1,609.86	1,055.05	990.56
Total Borrowing	2,532.47	2,299.60	2,959.99	3,044.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

92.48

Promoter Shareholding (Post-Issue)

P/E Ratio

8.3

7.42

Market Cap

₹86.47 Cr.

₹60.48 Cr.

ROE

17.97%

34.41%

ROCE

13.42%

23.67%

Debt/Equity

1.44

0.84

EPS

₹5.54

₹4.72

RoNW

16.49%

29.36%

Shares Offered

In the Siyaram Recycling Industries IPO Retail Individual Investors (RII) are offered 16,59,000 shares while in Trident Techlabs IPO retail investors are offered 16,59,000 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Siyaram Recycling Industries IPO and 8,04,000 shares in Trident Techlabs IPO.

	Siyaram Recycling Industries IPO	Trident Techlabs IPO
Anchor Investor Reserveration	14,22,000 shares	12,04,000 shares
Market Maker Reserveration	2,52,000 shares	3,60,000 shares
QIB	9,48,000 shares	8,04,000 shares
NII	7,11,000 shares	6,64,000 shares
RII	16,59,000 shares	15,48,000 shares
Employee
Others
Total	47,40,000 shares	42,20,000 shares

Bids Received (Subscription)

Siyaram Recycling Industries IPO subscribed 385.19x in total, whereas Trident Techlabs IPO subscribed 763.30x.

	Siyaram Recycling Industries IPO	Trident Techlabs IPO
QIB (times)	96.43x	117.91x
NII (times)	597.72x	854.37x
Big NII (times)
Small NII (times)
RII (times)	459.11x	1,059.43x
Employee (times)
Other (times)
Total (times)	385.19x	763.30x

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Siyaram Recycling Industries IPO	Trident Techlabs IPO
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