Sahara Maritime IPO vs Trident Techlabs IPO

Comparision between Sahara Maritime IPO and Trident Techlabs IPO.

IPO Details

Sahara Maritime 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.

	Sahara Maritime IPO	Trident Techlabs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Swaraj shares and securities private limited	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Shreni Shares Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Sahara Maritime IPO is up to ₹6.88 Cr whereas the issue size of the Trident Techlabs IPO is up to ₹16.03 Cr. The final issue price of Sahara Maritime IPO is ₹81.00 per share and of Trident Techlabs IPO is ₹35.00 per share.

	Sahara Maritime IPO	Trident Techlabs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹33.00 per share
Issue Price (Upper)		₹35.00 per share
Issue Price (Final)	₹81.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	4000 shares
Fresh Issue Size	8,49,600 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹6.88 Cr	up to ₹16.03 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,49,600 shares	45,80,000 shares
Issue Size Total (Amount)	up to ₹6.88 Cr	up to ₹16.03 Cr

IPO Timetable

Sahara Maritime IPO opens on Dec 18, 2023, while Trident Techlabs IPO opens on Dec 21, 2023. The closing date of Sahara Maritime IPO and Trident Techlabs IPO is Dec 20, 2023, and Dec 26, 2023, respectively.

	Sahara Maritime IPO	Trident Techlabs IPO
Anchor Bid Date		Dec 20, 2023
Issue Open	Dec 18, 2023	Dec 21, 2023
Issue Close	Dec 20, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 21, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 22, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 22, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 26, 2023	Dec 29, 2023
Anchor Lockin End date 1	Jan 20, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 20, 2024	Mar 26, 2024

Financials

Sahara Maritime IPO P/E ratio is 15.03, as compared to Trident Techlabs IPO P/E ratio of 7.42.

Sahara Maritime IPO

Trident Techlabs IPO

Financial

Sahara Maritime Limited Financial Information (Restated)

Sahara Maritime Limited's revenue increased by 24.07% and profit after tax (PAT) rose by 130.64% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	880.95	964.52	733.57	535.74
Revenue	531.99	2,611.12	2,104.52	1,021.64
Profit After Tax	1.04	120.74	52.35	64.78
Net Worth	531.58	530.54	365.69	313.34
Reserves and Surplus	309.47	308.43	364.69	312.34
Total Borrowing	163.81	173.26	11.97	38.72
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 Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,144.08	4,981.46	5,544.66	5,913.69
Revenue	2,114.33	6,824.16	2,987.80	2,833.98
Profit After Tax	266.13	554.81	64.49	-32.69
Net Worth	2,470.68	1,653.73	1,383.57	1,318.11
Reserves and Surplus	1,200.57	1,609.86	1,055.05	990.56
Total Borrowing	2,532.47	2,299.60	2,959.99	3,044.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

92.48%

Promoter Shareholding (Post-Issue)

72.32%

P/E Ratio

15.03

7.42

Market Cap

₹24.87 Cr.

₹60.48 Cr.

ROE

26.72%%

34.41%%

ROCE

32.77%%

23.67%%

Debt/Equity

0.33

0.84

EPS

₹5.44

₹4.72

RoNW

22.76%%

29.36%%

Shares Offered

In the Sahara Maritime IPO retail investors (RII) are offered 4,03,200 shares while in Trident Techlabs IPO retail investors are offered 4,03,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sahara Maritime IPO and 8,04,000 shares in Trident Techlabs IPO.

	Sahara Maritime IPO	Trident Techlabs IPO
Anchor Investor Reserveration		12,04,000 shares
Market Maker Reserveration	43,200 shares	3,60,000 shares
QIB	0 shares	8,04,000 shares
NII	4,03,200 shares	6,64,000 shares
RII	4,03,200 shares	15,48,000 shares
Employee	0 shares	0 shares
Others
Total	8,06,400 shares	30,16,000 shares

Bids Received (Subscription)

Sahara Maritime IPO subscribed 22.67x in total, whereas Trident Techlabs IPO subscribed 763.30x.

	Sahara Maritime IPO	Trident Techlabs IPO
QIB (times)		117.91x
NII (times)	8.98x	854.37x
Big NII (times)
Small NII (times)
RII (times)	36.35x	1,059.43x
Employee (times)
Other (times)
Total (times)	22.67x	763.30x

Compare with others

Sahara Maritime IPO	Trident Techlabs IPO
Balaji Valve Components IPO	Indifra IPO
AIK Pipes And Polymers IPO	Sameera Agro IPO
Indifra IPO	Supreme Power Equipment IPO
Sameera Agro IPO	Sahara Maritime IPO
Supreme Power Equipment IPO	Electro Force India IPO
Electro Force India IPO	Shree OSFM E-Mobility IPO
Trident Techlabs IPO	Siyaram Recycling IPO
Shree OSFM E-Mobility IPO	Presstonic Engineering IPO
Siyaram Recycling IPO	S J Logistics IPO
Presstonic Engineering IPO	Accent Microcell IPO

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