Comparison between Thaai Casting IPO and Trust Fintech IPO.
Thaai Casting IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trust Fintech IPO is a SME Bookbuilding proposed to list at NSE SME.
| Thaai Casting IPO | Trust Fintech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Corporate Capitalventures Pvt.Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | SS Corporate Securities 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 Thaai Casting IPO is up to ₹44.52 Cr whereas the issue size of the Trust Fintech IPO is up to ₹60.24 Cr. The final issue price of Thaai Casting IPO is ₹77.00 per share and of Trust Fintech IPO is ₹101.00 per share.
| Thaai Casting IPO | Trust Fintech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹73.00 per share | ₹95.00 per share |
| Issue Price (Upper) | ₹77.00 per share | ₹101.00 per share |
| Issue Price (Final) | ₹77.00 per share | ₹101.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 57,82,400 shares | 59,64,000 shares |
| Fresh Issue Size (Amount) | up to ₹44.52 Cr | up to ₹60.24 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 | 57,82,400 shares | 59,64,000 shares |
| Issue Size Total (Amount) | up to ₹44.52 Cr | up to ₹60.24 Cr |
Thaai Casting IPO opens on Feb 15, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Thaai Casting IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.
| Thaai Casting IPO | Trust Fintech IPO | |
|---|---|---|
| Anchor Bid Date | Feb 14, 2024 | Mar 22, 2024 |
| Issue Open | Feb 15, 2024 | Mar 26, 2024 |
| Issue Close | Feb 20, 2024 | Mar 28, 2024 |
| Basis Of Allotment (Tentative) | Feb 21, 2024 | Apr 02, 2024 |
| Initiation of Refunds (Tentative) | Feb 21, 2024 | Apr 03, 2024 |
| Credit of Share (Tentative) | Feb 22, 2024 | Apr 03, 2024 |
| Listing date (Tentative) | Feb 23, 2024 | Apr 04, 2024 |
| Anchor Lockin End date 1 | Mar 21, 2024 | May 02, 2024 |
| Anchor Lockin End date 2 | May 20, 2024 | Jul 01, 2024 |
Thaai Casting IPO P/E ratio is 25.99, as compared to Trust Fintech IPO P/E ratio of 44.05.
| Thaai Casting IPO | Trust Fintech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Thaai Casting Ltd Financial Information (Restated Standalone)Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.
| Trust Fintech Limited Financial Information (Restated Standalone)Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 86.50 | 93.51 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.99 | 44.05 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹178.10 Cr. | ₹240.63 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 13% | 28.54% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.96 | ₹2.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 40.10% | 27.51% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Thaai Casting IPO Retail Individual Investors (RII) are offered 20,24,000 shares while in Trust Fintech IPO retail investors are offered 20,24,000 shares. Qualified Institutional Buyers (QIB) are offered 11,55,200 shares in Thaai Casting IPO and 11,92,800 shares in Trust Fintech IPO.
| Thaai Casting IPO | Trust Fintech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,34,400 shares | 17,88,000 shares |
| Market Maker Reserveration | 3,47,200 shares | 3,18,000 shares |
| QIB | 11,55,200 shares | 11,92,800 shares |
| NII | 8,68,800 shares | 8,95,200 shares |
| RII | 20,24,000 shares | 20,88,000 shares |
| Employee | ||
| Others | ||
| Total | 57,82,400 shares | 59,64,000 shares |
Thaai Casting IPO subscribed 375.43x in total, whereas Trust Fintech IPO subscribed 108.63x.
| Thaai Casting IPO | Trust Fintech IPO | |
|---|---|---|
| QIB (times) | 144.43x | 65.38x |
| NII (times) | 729.72x | 244.48x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 355.66x | 75.10x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 375.43x | 108.63x |
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