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Interiors and More IPO vs Trust Fintech IPO

Comparision between Interiors and More IPO and Trust Fintech IPO.

IPO Details

Interiors and More 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.

  Interiors and More IPO Trust Fintech IPO
Logo Interiors and More IPO Logo Trust Fintech IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Gretex Corporate Services Limited Corporate Capitalventures Pvt Ltd
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Gretex Share Broking Private Limited Ss Corporate Securities Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Interiors and More IPO is up to ₹42.00 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Interiors and More IPO is ₹227.00 per share and of Trust Fintech IPO is ₹101.00 per share.

  Interiors and More IPO Trust Fintech IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹216.00 per share ₹95.00 per share
Issue Price (Upper) ₹227.00 per share ₹101.00 per share
Issue Price (Final) ₹227.00 per share ₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 600 shares 1200 shares
Fresh Issue Size 18,50,400 shares 62,82,000 shares
Fresh Issue Size (Amount) up to ₹42.00 Cr up to ₹63.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 18,50,400 shares 62,82,000 shares
Issue Size Total (Amount) up to ₹42.00 Cr up to ₹63.45 Cr

IPO Timetable

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

  Interiors and More 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 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 Mar 22, 2024 May 02, 2024
Anchor Lockin End date 2 May 21, 2024 Jul 01, 2024

Financials

Interiors and More IPO P/E ratio is 19.7, as compared to Trust Fintech IPO P/E ratio of 44.05.

  Interiors and More IPO Trust Fintech IPO
Financial

Interiors and More Limited Financial Information (Restated)

Interiors and More Limited's revenue increased by 153.09% and profit after tax (PAT) rose by 467.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,722.593,094.631,952.131,478.30
Revenue1,853.782,527.17998.53663.10
Profit After Tax354.57592.84104.4443.33
Net Worth1,349.78995.21405.07300.63
Reserves and Surplus835.28823.71233.57129.13
Total Borrowing1,645.861,439.771,297.33904.02
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) 95.08% 93.51%
Promoter Shareholding (Post-Issue) 69.93% 68.85%
P/E Ratio 19.7 44.05
Market Cap ₹158.80 Cr. ₹240.63 Cr.
ROE 84.68%% 23.61%%
ROCE 75.58%% 28.54%%
Debt/Equity 1.45
EPS ₹11.52 ₹2.29
RoNW 59.57%% 27.51%%

Shares Offered

In the Interiors and More IPO retail investors (RII) are offered 6,15,600 shares while in Trust Fintech IPO retail investors are offered 6,15,600 shares. Qualified institutional buyers (QIB) are offered 3,51,600 shares in Interiors and More IPO and 11,92,800 shares in Trust Fintech IPO.

  Interiors and More IPO Trust Fintech IPO
Anchor Investor Reserveration 5,26,200 shares 17,88,000 shares
Market Maker Reserveration 93,000 shares 3,18,000 shares
QIB 3,51,600 shares 11,92,800 shares
NII 2,64,000 shares 8,95,200 shares
RII 6,15,600 shares 20,88,000 shares
Employee 0 shares 0 shares
Others
Total 12,31,200 shares 41,76,000 shares

Bids Received (Subscription)

Interiors and More IPO subscribed 11.22x in total, whereas Trust Fintech IPO subscribed 108.63x.

  Interiors and More IPO Trust Fintech IPO
QIB (times) 3.54x 65.38x
NII (times) 30.32x 244.48x
Big NII (times)
Small NII (times)
RII (times) 7.41x 75.10x
Employee (times)
Other (times)
Total (times) 11.22x 108.63x

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