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Magson Retail IPO vs Tridhya Tech IPO

Comparison between Magson Retail IPO and Tridhya Tech IPO.

IPO Details

Magson Retail 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.

 Magson Retail IPOTridhya Tech IPO
LogoMagson Retail IPO LogoTridhya Tech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersISK Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Econo 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 Magson Retail IPO is up to ₹13.05 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹25.09 Cr. The final issue price of Magson Retail IPO is ₹65.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

 Magson Retail IPOTridhya Tech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹35.00 per share
Issue Price (Upper)₹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 Size2000 shares3000 shares
Fresh Issue Size20,08,000 shares59,73,000 shares
Fresh Issue Size (Amount)up to ₹13.05 Crup to ₹25.09 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,08,000 shares59,73,000 shares
Issue Size Total (Amount)up to ₹13.05 Crup to ₹25.09 Cr

IPO Timetable

Magson Retail IPO opens on Jun 23, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of Magson Retail IPO and Tridhya Tech IPO is Jun 27, 2023, and Jul 05, 2023, respectively.

 Magson Retail IPOTridhya Tech IPO
Anchor Bid DateJun 27, 2023
Issue OpenJun 23, 2023Jun 30, 2023
Issue CloseJun 27, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 03, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 04, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 05, 2023Jul 12, 2023
Listing date (Tentative)Jul 06, 2023Jul 13, 2023
Anchor Lockin End date 1Aug 09, 2023
Anchor Lockin End date 2Oct 08, 2023

Financials & KPIs

Magson Retail IPO P/E ratio is 20.25, as compared to Tridhya Tech IPO P/E ratio of 26.09.

 Magson Retail IPOTridhya Tech IPO
Financials
Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20833.453,241.22166.31169.04168.04354.00
31-Mar-211,283.845,358.92181.75350.80349.80386.60
31-Mar-221,494.695,566.77223.36574.06573.06344.72
31-Mar-231,999.876,301.49251.88926.25352.65321.95
Amount in ₹ Lakhs
Tridhya Tech Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-222,548.771,407.48339.461,457.981,309.84705.46
31-Dec-225,969.661,507.92284.972,030.661,860.353,090.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)95.8980.8
Promoter Shareholding (Post-Issue)70.0658.98
P/E Ratio20.2526.09
Market Cap₹51.03 Cr.₹97.81 Cr.
ROE2.85%
ROCE9.69%
Debt/Equity0.351.23
EPS₹4.96₹44.44
RoNW27.19%65.52%

Shares Offered

In the Magson Retail IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Tridhya Tech IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Magson Retail IPO and 11,94,000 shares in Tridhya Tech IPO.

 Magson Retail IPOTridhya Tech IPO
Anchor Investor Reserveration17,91,000 shares
Market Maker Reserveration1,06,000 shares3,15,000 shares
QIB11,94,000 shares
NII10,04,000 shares8,97,000 shares
RII10,04,000 shares20,91,000 shares
Employee
Others
Total20,08,000 shares59,73,000 shares

Bids Received (Subscription)

Magson Retail IPO subscribed 6.74x in total, whereas Tridhya Tech IPO subscribed 72.38x.

 Magson Retail IPOTridhya Tech IPO
QIB (times)15.62x
NII (times)6.09x181.72x
Big NII (times)
Small NII (times)
RII (times)7.38x67.62x
Employee (times)
Other (times)
Total (times)6.74x72.38x