Comparison between Drone Destination IPO and Tridhya Tech IPO.
Drone Destination IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Tridhya Tech IPO is a SME Bookbuilding proposed to list at NSE SME.
| Drone Destination IPO | Tridhya Tech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Interactive Financial Services Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Econo Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹25.09 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Tridhya Tech IPO is ₹42.00 per share.
| Drone Destination IPO | Tridhya Tech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | ₹35.00 per share |
| Issue Price (Upper) | ₹65.00 per share | ₹42.00 per share |
| Issue Price (Final) | ₹65.00 per share | ₹42.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 63,00,000 shares | 59,73,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.95 Cr | up to ₹25.09 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 | 63,00,000 shares | 59,73,000 shares |
| Issue Size Total (Amount) | up to ₹40.95 Cr | up to ₹25.09 Cr |
Drone Destination IPO opens on Jul 07, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of Drone Destination IPO and Tridhya Tech IPO is Jul 13, 2023, and Jul 05, 2023, respectively.
| Drone Destination IPO | Tridhya Tech IPO | |
|---|---|---|
| Anchor Bid Date | Jul 06, 2023 | Jun 27, 2023 |
| Issue Open | Jul 07, 2023 | Jun 30, 2023 |
| Issue Close | Jul 13, 2023 | Jul 05, 2023 |
| Basis Of Allotment (Tentative) | Jul 18, 2023 | Jul 10, 2023 |
| Initiation of Refunds (Tentative) | Jul 19, 2023 | Jul 11, 2023 |
| Credit of Share (Tentative) | Jul 20, 2023 | Jul 12, 2023 |
| Listing date (Tentative) | Jul 21, 2023 | Jul 13, 2023 |
| Anchor Lockin End date 1 | Aug 17, 2023 | Aug 09, 2023 |
| Anchor Lockin End date 2 | Oct 16, 2023 | Oct 08, 2023 |
Drone Destination IPO P/E ratio is 64.35, as compared to Tridhya Tech IPO P/E ratio of 26.09.
| Drone Destination IPO | Tridhya Tech IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials |
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| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.14 | 80.8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.31 | 58.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 64.35 | 26.09 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹157.95 Cr. | ₹97.81 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.90% | 2.85% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.65% | 9.69% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.06 | 1.23 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹25.80 | ₹44.44 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.90% | 65.52% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Tridhya Tech IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and 11,94,000 shares in Tridhya Tech IPO.
| Drone Destination IPO | Tridhya Tech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 18,88,000 shares | 17,91,000 shares |
| Market Maker Reserveration | 5,00,000 shares | 3,15,000 shares |
| QIB | 12,60,000 shares | 11,94,000 shares |
| NII | 9,46,000 shares | 8,97,000 shares |
| RII | 22,06,000 shares | 20,91,000 shares |
| Employee | ||
| Others | ||
| Total | 63,00,000 shares | 59,73,000 shares |
Drone Destination IPO subscribed 191.65x in total, whereas Tridhya Tech IPO subscribed 72.38x.
| Drone Destination IPO | Tridhya Tech IPO | |
|---|---|---|
| QIB (times) | 50.46x | 15.62x |
| NII (times) | 243.85x | 181.72x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 250.09x | 67.62x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 191.65x | 72.38x |
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