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
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 Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,722.59	3,094.63	1,952.13	1,478.30
Revenue	1,853.78	2,527.17	998.53	663.10
Profit After Tax	354.57	592.84	104.44	43.33
Net Worth	1,349.78	995.21	405.07	300.63
Reserves and Surplus	835.28	823.71	233.57	129.13
Total Borrowing	1,645.86	1,439.77	1,297.33	904.02
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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,989.43	3,118.89	1,958.72	1,590.01
Revenue	1,883.13	2,270.19	1,800.00	2,417.94
Profit After Tax	727.95	402.21	133.66	219.66
Net Worth	3,446.55	2,718.60	1,516.39	1,382.73
Reserves and Surplus	2,928.06	2,200.11	997.90	864.25
Total Borrowing	-34.32	-3.80	118.69	-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

Compare with others

Interiors and More IPO	Trust Fintech IPO
Sadhav Shipping IPO	Purv Flexipack IPO
Deem Roll Tech IPO	Sadhav Shipping IPO
Zenith Drugs IPO	Deem Roll Tech IPO
Esconet Technologies IPO	Zenith Drugs IPO
Trust Fintech IPO	Esconet Technologies IPO
Atmastco IPO	Interiors and More IPO
Thaai Casting IPO	Atmastco IPO
Kalahridhaan Trendz IPO	Thaai Casting IPO
Polysil Irrigation Systems IPO	Kalahridhaan Trendz IPO
Rudra Gas Enterprise IPO	Polysil Irrigation Systems IPO

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