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Atmastco IPO vs Trust Fintech IPO

Comparision between Atmastco IPO and Trust Fintech IPO.

IPO Details

Atmastco IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Trust Fintech IPO is a SME Book Built Issue proposed to list at NSE SME.

  Atmastco IPO Trust Fintech IPO
Logo Atmastco IPO Logo Trust Fintech IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Affinity Global Capital Market Private Limited Corporate Capitalventures Pvt Ltd
Registrar Cameo Corporate Services Limited Bigshare Services Pvt Ltd
Market Maker Asnani Stock Broker Private Limited Ss Corporate Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Atmastco IPO is up to ₹56.25 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Trust Fintech IPO is ₹101.00 per share.

  Atmastco IPO Trust Fintech IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹95.00 per share
Issue Price (Upper) ₹101.00 per share
Issue Price (Final) ₹77.00 per share ₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 54,80,000 shares 62,82,000 shares
Fresh Issue Size (Amount) up to ₹42.20 Cr up to ₹63.45 Cr
OFS Issue Size 18,25,600 shares
OFS Issue Size (Amount) up to ₹14.06 Cr
Issue Size Total 73,05,600 shares 62,82,000 shares
Issue Size Total (Amount) up to ₹56.25 Cr up to ₹63.45 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Atmastco IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.

  Atmastco IPO Trust Fintech IPO
Anchor Bid Date 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 22, 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 May 02, 2024
Anchor Lockin End date 2 Jul 01, 2024

Financials

Atmastco IPO P/E ratio is 11.6, as compared to Trust Fintech IPO P/E ratio of 44.05.

  Atmastco IPO Trust Fintech IPO
Financial

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets24,391.5623,620.7213,273.9412,036.21
Revenue6,700.1624,278.769,468.146,990.68
Profit After Tax628.741,277.75323.0060.46
Net Worth6,259.035,520.334,235.233,912.23
Reserves and Surplus4,763.724,039.202,754.102,431.10
Total Borrowing7,317.467,125.685,155.925,410.48
Amount in ₹ Lakhs

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.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,989.433,118.891,958.721,590.01
Revenue1,883.132,270.191,800.002,417.94
Profit After Tax727.95402.21133.66219.66
Net Worth3,446.552,718.601,516.391,382.73
Reserves and Surplus2,928.062,200.11997.90864.25
Total Borrowing-34.32-3.80118.69-44.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 97.39% 93.51%
Promoter Shareholding (Post-Issue) 68.43% 68.85%
P/E Ratio 11.6 44.05
Market Cap ₹190.46 Cr. ₹240.63 Cr.
ROE 23.15%% 23.61%%
ROCE 29.91%% 28.54%%
Debt/Equity 0.48
EPS ₹6.64 ₹2.29
RoNW 23.15%% 27.51%%

Shares Offered

In the Atmastco IPO retail investors (RII) are offered 34,69,600 shares while in Trust Fintech IPO retail investors are offered 34,69,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Atmastco IPO and 11,92,800 shares in Trust Fintech IPO.

  Atmastco IPO Trust Fintech IPO
Anchor Investor Reserveration 17,88,000 shares
Market Maker Reserveration 3,66,400 shares 3,18,000 shares
QIB 0 shares 11,92,800 shares
NII 34,69,600 shares 8,95,200 shares
RII 34,69,600 shares 20,88,000 shares
Employee 0 shares 0 shares
Others
Total 69,39,200 shares 41,76,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Trust Fintech IPO subscribed 108.63x.

  Atmastco IPO Trust Fintech IPO
QIB (times) 65.38x
NII (times) 14.92x 244.48x
Big NII (times)
Small NII (times)
RII (times) 18.24x 75.10x
Employee (times)
Other (times)
Total (times) 17.61x 108.63x

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