Swastik Pipe IPO vs Trident Lifeline IPO

Comparision between Swastik Pipe IPO and Trident Lifeline IPO.

IPO Details

Swastik Pipe IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Trident Lifeline IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Swastik Pipe IPO	Trident Lifeline IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private 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 Swastik Pipe IPO is up to ₹62.52 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 Cr. The final issue price of Swastik Pipe IPO is ₹100.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

	Swastik Pipe IPO	Trident Lifeline IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹97.00 per share
Issue Price (Upper)	₹100.00 per share
Issue Price (Final)	₹100.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	62,52,000 shares	34,99,200 shares
Fresh Issue Size (Amount)	up to ₹62.52 Cr	up to ₹35.34 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	62,52,000 shares	34,99,200 shares
Issue Size Total (Amount)	up to ₹62.52 Cr	up to ₹35.34 Cr

IPO Timetable

Swastik Pipe IPO opens on Sep 29, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Swastik Pipe IPO and Trident Lifeline IPO is Oct 03, 2022, and Sep 29, 2022, respectively.

	Swastik Pipe IPO	Trident Lifeline IPO
Anchor Bid Date
Issue Open	Sep 29, 2022	Sep 26, 2022
Issue Close	Oct 03, 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 11, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 12, 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

Swastik Pipe IPO P/E ratio is 11.38, as compared to Trident Lifeline IPO P/E ratio of 51.53.

Swastik Pipe IPO

Trident Lifeline IPO

Financial

Swastik Pipe Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-19	35607.65	72756.38	467.97	9370.13	8450.03
31-Mar-20	33650.76	65807.21	-1389.25	7980.91	7060.78
31-Mar-21	33625.88	52383.88	148.64	8129.51	7209.42
31-Mar-22	34127.21	61219.77	2041.11	14169.42	12471.47
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)

88.27%

100%

Promoter Shareholding (Post-Issue)

64.51%

69.57%

P/E Ratio

11.38

51.53

Market Cap

₹232.32 Cr.

₹116.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Swastik Pipe IPO retail investors (RII) are offered 29,68,800 shares while in Trident Lifeline IPO retail investors are offered 29,68,800 shares. Qualified institutional buyers (QIB) are offered in Swastik Pipe IPO and in Trident Lifeline IPO.

	Swastik Pipe IPO	Trident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,14,400 shares	1,75,200 shares
QIB
NII	29,68,800 shares	16,62,000 shares
RII	29,68,800 shares	16,62,000 shares
Employee
Others
Total	59,37,600 shares	33,24,000 shares

Bids Received (Subscription)

Swastik Pipe IPO subscribed 1.35x in total, whereas Trident Lifeline IPO subscribed 1.34x.

	Swastik Pipe IPO	Trident Lifeline IPO
QIB (times)
NII (times)	1.37x	1.69x
Big NII (times)
Small NII (times)
RII (times)	1.33x	0.98x
Employee (times)
Other (times)
Total (times)	1.35x	1.34x

Compare with others

Swastik Pipe IPO	Trident Lifeline IPO
Technopack Polymers IPO	Vital Chemtech IPO
Vital Chemtech IPO	Phantom Digital Effects IPO
Phantom Digital Effects IPO	Frog Cellsat IPO
Frog Cellsat IPO	Pace E-Commerce Ventures IPO
Pace E-Commerce Ventures IPO	Swastik Pipe IPO
Trident Lifeline IPO	Steelman Telecom IPO
Steelman Telecom IPO	Reetech International Cargo IPO
Reetech International Cargo IPO	Cargotrans Maritime IPO
Cargotrans Maritime IPO	Vedant Asset IPO
Vedant Asset IPO	Cargosol Logistics IPO

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