Comparison between Tridhya Tech IPO and Veefin Solutions IPO.
Tridhya Tech IPO is a SME Fixed Price IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price proposed to list at BSE SME.
| Tridhya Tech IPO | Veefin Solutions IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Interactive Financial Services Ltd. | Shreni Shares Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Econo Broking Pvt.Ltd. | Shreni Shares Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Tridhya Tech IPO is up to ₹25.09 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹44.37 Cr. The final issue price of Tridhya Tech IPO is ₹42.00 per share and of Veefin Solutions IPO is ₹82.00 per share.
| Tridhya Tech IPO | Veefin Solutions 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) | ₹42.00 per share | ₹82.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 3000 shares | 1600 shares |
| Fresh Issue Size | 59,73,000 shares | 25,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹25.09 Cr | up to ₹21.01 Cr |
| OFS Issue Size | 0 shares | 28,49,600 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹23.37 Cr |
| Issue Size Total | 59,73,000 shares | 54,11,200 shares |
| Issue Size Total (Amount) | up to ₹25.09 Cr | up to ₹44.37 Cr |
Tridhya Tech IPO opens on Jun 30, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Tridhya Tech IPO and Veefin Solutions IPO is Jul 05, 2023, and Jun 26, 2023, respectively.
| Tridhya Tech IPO | Veefin Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Jun 27, 2023 | |
| Issue Open | Jun 30, 2023 | Jun 22, 2023 |
| Issue Close | Jul 05, 2023 | Jun 26, 2023 |
| Basis Of Allotment (Tentative) | Jul 10, 2023 | Jun 30, 2023 |
| Initiation of Refunds (Tentative) | Jul 11, 2023 | Jul 03, 2023 |
| Credit of Share (Tentative) | Jul 12, 2023 | Jul 04, 2023 |
| Listing date (Tentative) | Jul 13, 2023 | Jul 05, 2023 |
| Anchor Lockin End date 1 | Aug 09, 2023 | |
| Anchor Lockin End date 2 | Oct 08, 2023 |
Tridhya Tech IPO P/E ratio is 26.09, as compared to Veefin Solutions IPO P/E ratio of 41.41.
| Tridhya Tech IPO | Veefin Solutions IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
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| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 80.8 | 56.26 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 58.98 | 39.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 26.09 | 41.41 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹97.81 Cr. | ₹173.74 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 2.85% | 13.42% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 9.69% | 11.32% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.23 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹44.44 | ₹0.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 65.52% | 7.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Tridhya Tech IPO Retail Individual Investors (RII) are offered 20,91,000 shares while in Veefin Solutions IPO retail investors are offered 20,91,000 shares. Qualified Institutional Buyers (QIB) are offered 11,94,000 shares in Tridhya Tech IPO and in Veefin Solutions IPO.
| Tridhya Tech IPO | Veefin Solutions IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,91,000 shares | |
| Market Maker Reserveration | 3,15,000 shares | 2,88,000 shares |
| QIB | 11,94,000 shares | |
| NII | 8,97,000 shares | 27,05,600 shares |
| RII | 20,91,000 shares | 27,05,600 shares |
| Employee | ||
| Others | ||
| Total | 59,73,000 shares | 54,11,200 shares |
Tridhya Tech IPO subscribed 72.38x in total, whereas Veefin Solutions IPO subscribed 2.46x.
| Tridhya Tech IPO | Veefin Solutions IPO | |
|---|---|---|
| QIB (times) | 15.62x | |
| NII (times) | 181.72x | 3.26x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 67.62x | 1.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 72.38x | 2.46x |
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