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Sadhav Shipping IPO vs Trust Fintech IPO

Comparison between Sadhav Shipping IPO and Trust Fintech IPO.

IPO Details

Sadhav Shipping 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.

 Sadhav Shipping IPOTrust Fintech IPO
LogoSadhav Shipping IPO LogoTrust Fintech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersISK Advisors Pvt.Ltd.Corporate Capital Ventures Pvt.Ltd.
RegistrarMaashitla Securities Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.SS Corporate Securities 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 Sadhav Shipping IPO is up to ₹36.25 Cr whereas the issue size of the Trust Fintech IPO is up to ₹60.24 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Trust Fintech IPO is ₹101.00 per share.

 Sadhav Shipping IPOTrust 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)₹95.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size38,16,000 shares59,64,000 shares
Fresh Issue Size (Amount)up to ₹36.25 Crup to ₹60.24 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,16,000 shares59,64,000 shares
Issue Size Total (Amount)up to ₹36.25 Crup to ₹60.24 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Sadhav Shipping IPO and Trust Fintech IPO is Feb 27, 2024, and Mar 28, 2024, respectively.

 Sadhav Shipping IPOTrust Fintech IPO
Anchor Bid DateMar 22, 2024
Issue OpenFeb 23, 2024Mar 26, 2024
Issue CloseFeb 27, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Feb 28, 2024Apr 02, 2024
Initiation of Refunds (Tentative)Feb 29, 2024Apr 03, 2024
Credit of Share (Tentative)Feb 29, 2024Apr 03, 2024
Listing date (Tentative)Mar 01, 2024Apr 04, 2024
Anchor Lockin End date 1May 02, 2024
Anchor Lockin End date 2Jul 01, 2024

Financials & KPIs

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Trust Fintech IPO P/E ratio of 44.05.

 Sadhav Shipping IPOTrust Fintech IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets131.13116.2969.0961.18
Total Income33.8678.9169.7861.24
Profit After Tax4.077.753.013.31
NET Worth45.0140.9435.0432.06
Reserves and Surplus42.0637.9932.0829.10
Total Borrowing66.8255.2720.8317.76
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets39.8931.1919.5915.90
Total Income18.8322.7018.0024.18
Profit After Tax7.284.021.342.20
NET Worth34.4727.1915.1613.83
Reserves and Surplus29.2822.009.988.64
Total Borrowing-0.34-0.041.19-0.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.4493.51
Promoter Shareholding (Post-Issue)69.4468.85
P/E Ratio12.6644.05
Market Cap₹136.35 Cr.₹240.63 Cr.
ROE20.4123.61
ROCE14.3628.54
Debt/Equity
EPS₹7.50₹2.29
RoNW18.9427.51

Shares Offered

In the Sadhav Shipping IPO Retail Individual Investors (RII) are offered 19,08,000 shares while in Trust Fintech IPO retail investors are offered 19,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Sadhav Shipping IPO and 11,92,800 shares in Trust Fintech IPO.

 Sadhav Shipping IPOTrust Fintech IPO
Anchor Investor Reservation17,88,000 shares
Market Maker Reservation2,02,800 shares3,18,000 shares
QIB11,92,800 shares
NII19,08,000 shares8,95,200 shares
RII19,08,000 shares20,88,000 shares
Employee
Others
Total38,16,000 shares59,64,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 125.05x in total, whereas Trust Fintech IPO subscribed 76.06x.

 Sadhav Shipping IPOTrust Fintech IPO
QIB (times)65.38x
NII (times)184.58x244.48x
Big NII (times)
Small NII (times)
RII (times)65.52x75.10x
Employee (times)
Other (times)
Total (times)125.05x76.06x

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Compare:

Sadhav Shipping IPO Vs Trust Fintech IPO