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Siyaram Recycling IPO vs Trident Techlabs IPO

Comparision between Siyaram Recycling IPO and Trident Techlabs IPO.

IPO Details

Siyaram Recycling IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Trident Techlabs IPO is a SME Book Built Issue proposed to list at NSE SME.

  Siyaram Recycling IPO Trident Techlabs IPO
Logo Siyaram Recycling IPO Logo Trident Techlabs IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Hem Securities Limited GYR Capital Advisors Private Limited
Registrar Cameo Corporate Services Limited Maashitla Securities Private Limited
Market Maker Hem Finlease Private Limited Giriraj Stock Broking Private 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 Siyaram Recycling IPO is up to ₹22.96 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹16.03 Cr. The final issue price of Siyaram Recycling IPO is ₹46.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

  Siyaram Recycling IPO Trident Techlabs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹43.00 per share ₹33.00 per share
Issue Price (Upper) ₹46.00 per share ₹35.00 per share
Issue Price (Final) ₹46.00 per share ₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 4000 shares
Fresh Issue Size 49,92,000 shares 45,80,000 shares
Fresh Issue Size (Amount) up to ₹22.96 Cr up to ₹16.03 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,92,000 shares 45,80,000 shares
Issue Size Total (Amount) up to ₹22.96 Cr up to ₹16.03 Cr

IPO Timetable

Siyaram Recycling IPO opens on Dec 14, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of Siyaram Recycling IPO and Trident Techlabs IPO is Dec 18, 2023, and Dec 26, 2023, respectively.

  Siyaram Recycling IPO Trident Techlabs IPO
Anchor Bid Date Dec 20, 2023
Issue Open Dec 14, 2023 Dec 21, 2023
Issue Close Dec 18, 2023 Dec 26, 2023
Basis Of Allotment (Tentative) Dec 19, 2023 Dec 27, 2023
Initiation of Refunds (Tentative) Dec 20, 2023 Dec 28, 2023
Credit of Share (Tentative) Dec 20, 2023 Dec 28, 2023
Listing date (Tentative) Dec 21, 2023 Dec 29, 2023
Anchor Lockin End date 1 Jan 18, 2024 Jan 26, 2024
Anchor Lockin End date 2 Mar 18, 2024 Mar 26, 2024

Financials

Siyaram Recycling IPO P/E ratio is 8.3, as compared to Trident Techlabs IPO P/E ratio of 7.42.

  Siyaram Recycling IPO Trident Techlabs IPO
Financial

Siyaram Recycling Industries Limited Financial Information (Restated)

Siyaram Recycling Industries Limited's revenue increased by 16.75% and profit after tax (PAT) rose by 137.36% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets15,136.319,851.359,823.59
Revenue49,786.2742,644.3413,972.93
Profit After Tax765.42322.47142.28
Net Worth4,642.123,876.713,554.23
Reserves and Surplus3,261.572,496.162,173.68
Total Borrowing6,706.952,821.022,931.72
Amount in ₹ Lakhs

Trident Techlabs Limited Financial Information (Restated)

Trident Techlabs Limited's revenue increased by 128.4% and profit after tax (PAT) rose by 760.3% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,144.084,981.465,544.665,913.69
Revenue2,114.336,824.162,987.802,833.98
Profit After Tax266.13554.8164.49-32.69
Net Worth2,470.681,653.731,383.571,318.11
Reserves and Surplus1,200.571,609.861,055.05990.56
Total Borrowing2,532.472,299.602,959.993,044.34
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 92.48%
Promoter Shareholding (Post-Issue)
P/E Ratio 8.3 7.42
Market Cap ₹86.47 Cr. ₹60.48 Cr.
ROE 17.97%% 34.41%%
ROCE 13.42%% 23.67%%
Debt/Equity 1.44 0.84
EPS ₹5.54 ₹4.72
RoNW 16.49%% 29.36%%

Shares Offered

In the Siyaram Recycling IPO retail investors (RII) are offered 16,59,000 shares while in Trident Techlabs IPO retail investors are offered 16,59,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Siyaram Recycling IPO and 8,04,000 shares in Trident Techlabs IPO.

  Siyaram Recycling IPO Trident Techlabs IPO
Anchor Investor Reserveration 14,22,000 shares 12,04,000 shares
Market Maker Reserveration 2,52,000 shares 3,60,000 shares
QIB 9,48,000 shares 8,04,000 shares
NII 7,11,000 shares 6,64,000 shares
RII 16,59,000 shares 15,48,000 shares
Employee 0 shares 0 shares
Others
Total 33,18,000 shares 30,16,000 shares

Bids Received (Subscription)

Siyaram Recycling IPO subscribed 385.19x in total, whereas Trident Techlabs IPO subscribed 763.30x.

  Siyaram Recycling IPO Trident Techlabs IPO
QIB (times) 96.43x 117.91x
NII (times) 597.72x 854.37x
Big NII (times)
Small NII (times)
RII (times) 459.11x 1,059.43x
Employee (times)
Other (times)
Total (times) 385.19x 763.30x

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