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Tridhya Tech IPO vs Veefin Solutions IPO

Comparison between Tridhya Tech IPO and Veefin Solutions IPO.

IPO Details

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 IPOVeefin Solutions IPO
LogoTridhya Tech IPO LogoVeefin Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersInteractive Financial Services Ltd.Shreni Shares Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerEcono Broking Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOVeefin 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
Market Lot Size3000 shares1600 shares
Fresh Issue Size59,73,000 shares25,61,600 shares
Fresh Issue Size (Amount)up to ₹25.09 Crup to ₹21.01 Cr
OFS Issue Size0 shares28,49,600 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹23.37 Cr
Issue Size Total59,73,000 shares54,11,200 shares
Issue Size Total (Amount)up to ₹25.09 Crup to ₹44.37 Cr

IPO Timetable

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 IPOVeefin Solutions IPO
Anchor Bid DateJun 27, 2023
Issue OpenJun 30, 2023Jun 22, 2023
Issue CloseJul 05, 2023Jun 26, 2023
Basis Of Allotment (Tentative)Jul 10, 2023Jun 30, 2023
Initiation of Refunds (Tentative)Jul 11, 2023Jul 03, 2023
Credit of Share (Tentative)Jul 12, 2023Jul 04, 2023
Listing date (Tentative)Jul 13, 2023Jul 05, 2023
Anchor Lockin End date 1Aug 09, 2023
Anchor Lockin End date 2Oct 08, 2023

Financials & KPIs

Tridhya Tech IPO P/E ratio is 26.09, as compared to Veefin Solutions IPO P/E ratio of 41.41.

 Tridhya Tech IPOVeefin Solutions IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 2022
Assets59.7025.49
Total Income15.0814.07
Profit After Tax2.853.39
NET Worth20.3114.58
Reserves and Surplus18.6013.10
Total Borrowing30.907.05
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Jan 202331 Mar 2022
Assets48.2216.08
Total Income12.626.55
Profit After Tax3.500.70
NET Worth42.939.25
Reserves and Surplus24.599.24
Total Borrowing0.513.46
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)80.8%56.26%
Promoter Shareholding (Post-Issue)58.98%39.84%
P/E Ratio26.0941.41
Market Cap₹97.81 Cr.₹173.74 Cr.
ROE20.9013.42
ROCE26.4011.32
Debt/Equity0.490.01
EPS₹44.44₹0.48
RoNW22.377.57

Shares Offered

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 0 shares in Veefin Solutions IPO.

 Tridhya Tech IPOVeefin Solutions IPO
Anchor Investor Reservation17,91,000 shares0 shares
Market Maker Reservation3,15,000 shares2,88,000 shares
QIB11,94,000 shares0 shares
NII8,97,000 shares27,05,600 shares
RII20,91,000 shares27,05,600 shares
Employee0 shares
Total59,73,000 shares54,11,200 shares

Bids Received (Subscription)

Tridhya Tech IPO subscribed 55.04x in total, whereas Veefin Solutions IPO subscribed 2.45x.

 Tridhya Tech IPOVeefin Solutions IPO
QIB (times)20.33x
NII (times)181.82x3.26x
RII (times)67.61x1.65x
Total (times)55.04x2.45x

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Tridhya Tech IPO Vs Veefin Solutions IPO