Reetech International Cargo IPO vs Trident Lifeline IPO

Comparision between Reetech International Cargo IPO and Trident Lifeline IPO.

IPO Details

Reetech International Cargo IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Trident Lifeline IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Reetech International Cargo IPO	Trident Lifeline IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Reetech International Cargo IPO is up to ₹11.71 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 Cr. The final issue price of Reetech International Cargo IPO is ₹105.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

	Reetech International Cargo IPO	Trident Lifeline IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹105.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	5,97,600 shares	34,99,200 shares
Fresh Issue Size (Amount)	up to ₹6.27 Cr	up to ₹35.34 Cr
OFS Issue Size	5,17,200 shares
OFS Issue Size (Amount)	up to ₹5.43 Cr
Issue Size Total	11,14,800 shares	34,99,200 shares
Issue Size Total (Amount)	up to ₹11.71 Cr	up to ₹35.34 Cr

IPO Timetable

Reetech International Cargo IPO opens on Sep 27, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Reetech International Cargo IPO and Trident Lifeline IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

	Reetech International Cargo IPO	Trident Lifeline IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 26, 2022
Issue Close	Sep 29, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 04, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 06, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 03, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 02, 2023

Financials

Reetech International Cargo IPO P/E ratio is 10.64, as compared to Trident Lifeline IPO P/E ratio of 51.53.

Reetech International Cargo IPO

Trident Lifeline IPO

Financial

Reetech International Cargo and Courier Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	396.17	18.99	13.98	325.06	273.21
31-Mar-21	877.78	1842.41	30.1	365.59	313.74
31-Mar-22	1727.52	11689.1	417.29	801.06	749.21
Amount in ₹ Lakhs

Trident Lifeline Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	638.92	500.71	-79.63	-300.03
31-Mar-21	1144.41	978.13	63.23	-47.07
31-Mar-22	1385.98	2237.14	227.32	480.25
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.62%

69.57%

P/E Ratio

10.64

51.53

Market Cap

₹44.39 Cr.

₹116.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Reetech International Cargo IPO retail investors (RII) are offered 5,29,200 shares while in Trident Lifeline IPO retail investors are offered 5,29,200 shares. Qualified institutional buyers (QIB) are offered in Reetech International Cargo IPO and in Trident Lifeline IPO.

	Reetech International Cargo IPO	Trident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration	56,400 shares	1,75,200 shares
QIB
NII	5,29,200 shares	16,62,000 shares
RII	5,29,200 shares	16,62,000 shares
Employee
Others
Total	10,58,400 shares	33,24,000 shares

Bids Received (Subscription)

Reetech International Cargo IPO subscribed 1.67x in total, whereas Trident Lifeline IPO subscribed 1.34x.

	Reetech International Cargo IPO	Trident Lifeline IPO
QIB (times)
NII (times)	1.43x	1.69x
Big NII (times)
Small NII (times)
RII (times)	1.92x	0.98x
Employee (times)
Other (times)
Total (times)	1.67x	1.34x

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Reetech International Cargo IPO	Trident Lifeline IPO
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Swastik Pipe IPO	Frog Cellsat IPO
Trident Lifeline IPO	Pace E-Commerce Ventures IPO
Steelman Telecom IPO	Swastik Pipe IPO
Cargotrans Maritime IPO	Steelman Telecom IPO
Vedant Asset IPO	Reetech International Cargo IPO
Cargosol Logistics IPO	Cargotrans Maritime IPO
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Lloyds Luxuries IPO	Cargosol Logistics IPO

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