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AccelerateBS IPO vs Tridhya Tech IPO

Comparison between AccelerateBS IPO and Tridhya Tech IPO.

IPO Details

AccelerateBS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Tridhya Tech IPO is a SME Bookbuilding proposed to list at NSE SME.

 AccelerateBS IPOTridhya Tech IPO
LogoAccelerateBS IPO LogoTridhya Tech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Interactive Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShreni Shares Ltd.Econo Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹25.09 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

 AccelerateBS IPOTridhya Tech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹35.00 per share
Issue Price (Upper)₹42.00 per share
Issue Price (Final)₹90.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares3000 shares
Fresh Issue Size1,55,200 shares59,73,000 shares
Fresh Issue Size (Amount)up to ₹1.40 Crup to ₹25.09 Cr
OFS Issue Size4,43,200 shares0 shares
OFS Issue Size (Amount)up to ₹3.99 Crup to ₹0.00 Cr
Issue Size Total5,98,400 shares59,73,000 shares
Issue Size Total (Amount)up to ₹5.39 Crup to ₹25.09 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of AccelerateBS IPO and Tridhya Tech IPO is Jul 11, 2023, and Jul 05, 2023, respectively.

 AccelerateBS IPOTridhya Tech IPO
Anchor Bid DateJun 27, 2023
Issue OpenJul 06, 2023Jun 30, 2023
Issue CloseJul 11, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 14, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 17, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 18, 2023Jul 12, 2023
Listing date (Tentative)Jul 19, 2023Jul 13, 2023
Anchor Lockin End date 1Aug 09, 2023
Anchor Lockin End date 2Oct 08, 2023

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Tridhya Tech IPO P/E ratio of 26.09.

 AccelerateBS IPOTridhya Tech IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets2.832.011.811.25
Total Income1.653.564.524.93
Profit After Tax0.260.260.430.68
NET Worth2.051.111.020.53
Total Borrowing0.340.450.24
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 2022
Assets59.7025.49
Total Income15.0814.07
Profit After Tax2.853.39
NET Worth20.3114.58
Reserves and Surplus18.6013.10
Total Borrowing30.907.05
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%80.8%
Promoter Shareholding (Post-Issue)70.59%58.98%
P/E Ratio27.2726.09
Market Cap₹19.34 Cr.₹97.81 Cr.
ROE15.8020.90
ROCE19.4426.40
Debt/Equity0.160.49
EPS₹1.38₹44.44
RoNW12.7722.37

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Tridhya Tech IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in AccelerateBS IPO and 11,94,000 shares in Tridhya Tech IPO.

 AccelerateBS IPOTridhya Tech IPO
Anchor Investor Reservation0 shares17,91,000 shares
Market Maker Reservation33,600 shares3,15,000 shares
QIB0 shares11,94,000 shares
NII2,99,200 shares8,97,000 shares
RII2,99,200 shares20,91,000 shares
Employee0 shares
Total5,98,400 shares59,73,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.18x in total, whereas Tridhya Tech IPO subscribed 55.04x.

 AccelerateBS IPOTridhya Tech IPO
QIB (times)20.33x
NII (times)39.25x181.82x
RII (times)59.11x67.61x
Total (times)49.18x55.04x

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Compare:

AccelerateBS IPO Vs Tridhya Tech IPO