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Steelman Telecom IPO vs Trident Lifeline IPO

Comparision between Steelman Telecom IPO and Trident Lifeline IPO.

IPO Details

Steelman Telecom 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.

  Steelman Telecom IPO Trident Lifeline IPO
Logo Steelman Telecom IPO Logo 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 Steelman Telecom IPO is up to ₹26.02 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

  Steelman Telecom IPO Trident Lifeline IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹96.00 per share ₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1200 shares
Fresh Issue Size 18,97,200 shares 34,99,200 shares
Fresh Issue Size (Amount) up to ₹18.21 Cr up to ₹35.34 Cr
OFS Issue Size 8,13,600 shares
OFS Issue Size (Amount) up to ₹7.81 Cr
Issue Size Total 27,10,800 shares 34,99,200 shares
Issue Size Total (Amount) up to ₹26.02 Cr up to ₹35.34 Cr

IPO Timetable

Steelman Telecom IPO opens on Sep 26, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Steelman Telecom IPO and Trident Lifeline IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

  Steelman Telecom IPO Trident Lifeline IPO
Anchor Bid Date
Issue Open Sep 26, 2022 Sep 26, 2022
Issue Close Sep 29, 2022 Sep 29, 2022
Basis Of Allotment (Tentative) Oct 07, 2022 Oct 04, 2022
Initiation of Refunds (Tentative) Oct 10, 2022 Oct 06, 2022
Credit of Share (Tentative) Oct 10, 2022 Oct 07, 2022
Listing date (Tentative) Oct 10, 2022 Oct 10, 2022
Anchor Lockin End date 1 Nov 06, 2022 Nov 03, 2022
Anchor Lockin End date 2 Jan 05, 2023 Jan 02, 2023

Financials

Steelman Telecom IPO P/E ratio is 23.41, as compared to Trident Lifeline IPO P/E ratio of 51.53.

  Steelman Telecom IPO Trident Lifeline IPO
Financial
Steelman Telecom Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-203621.768794.62-22.91985.21486.61
31-Mar-213698.449015.5137.641149.14650.54
31-Mar-224525.7610116.31396.581540.721042.12
Amount in ₹ Lakhs
Trident Lifeline Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20638.92500.71-79.63-300.03
31-Mar-211144.41978.1363.23-47.07
31-Mar-221385.982237.14227.32480.25
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 100%
Promoter Shareholding (Post-Issue) 71.98% 69.57%
P/E Ratio 23.41 51.53
Market Cap ₹92.89 Cr. ₹116.14 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Steelman Telecom IPO retail investors (RII) are offered 9,02,400 shares while in Trident Lifeline IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 12,86,400 shares in Steelman Telecom IPO and in Trident Lifeline IPO.

  Steelman Telecom IPO Trident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,35,600 shares 1,75,200 shares
QIB 12,86,400 shares
NII 3,86,400 shares 16,62,000 shares
RII 9,02,400 shares 16,62,000 shares
Employee
Others
Total 25,75,200 shares 33,24,000 shares

Bids Received (Subscription)

Steelman Telecom IPO subscribed 22.40x in total, whereas Trident Lifeline IPO subscribed 1.34x.

  Steelman Telecom IPO Trident Lifeline IPO
QIB (times) 7.78x
NII (times) 70.09x 1.69x
Big NII (times)
Small NII (times)
RII (times) 22.82x 0.98x
Employee (times)
Other (times)
Total (times) 22.40x 1.34x

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