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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 Swastik Pipe IPO Logo 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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and Surplus
31-Mar-1935607.6572756.38467.979370.138450.03
31-Mar-2033650.7665807.21-1389.257980.917060.78
31-Mar-2133625.8852383.88148.648129.517209.42
31-Mar-2234127.2161219.772041.1114169.4212471.47
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) 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

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