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Trident Lifeline IPO vs Vedant Asset IPO

Comparision between Trident Lifeline IPO and Vedant Asset IPO.

IPO Details

Trident Lifeline IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Vedant Asset IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Trident Lifeline IPO Vedant Asset IPO
Logo Trident Lifeline IPO Logo Vedant Asset 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 Beeline Capital Advisors Pvt Ltd Hem Securities Limited
Registrar Link Intime India Private Ltd Bigshare Services Pvt 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 Trident Lifeline IPO is up to ₹35.34 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Trident Lifeline IPO is ₹101.00 per share and of Vedant Asset IPO is ₹40.00 per share.

  Trident Lifeline IPO Vedant Asset IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹101.00 per share ₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 3000 shares
Fresh Issue Size 34,99,200 shares 7,50,000 shares
Fresh Issue Size (Amount) up to ₹35.34 Cr up to ₹3.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 34,99,200 shares 7,50,000 shares
Issue Size Total (Amount) up to ₹35.34 Cr up to ₹3.00 Cr

IPO Timetable

Trident Lifeline IPO opens on Sep 26, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Trident Lifeline IPO and Vedant Asset IPO is Sep 29, 2022, and Oct 04, 2022, respectively.

  Trident Lifeline IPO Vedant Asset IPO
Anchor Bid Date
Issue Open Sep 26, 2022 Sep 30, 2022
Issue Close Sep 29, 2022 Oct 04, 2022
Basis Of Allotment (Tentative) Oct 04, 2022 Oct 10, 2022
Initiation of Refunds (Tentative) Oct 06, 2022 Oct 11, 2022
Credit of Share (Tentative) Oct 07, 2022 Oct 12, 2022
Listing date (Tentative) Oct 10, 2022 Oct 12, 2022
Anchor Lockin End date 1 Nov 03, 2022 Nov 09, 2022
Anchor Lockin End date 2 Jan 02, 2023 Jan 08, 2023

Financials

Trident Lifeline IPO P/E ratio is 51.53, as compared to Vedant Asset IPO P/E ratio of 80.

  Trident Lifeline IPO Vedant Asset IPO
Financial
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
Vedant Asset Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2083.1361.233.45.384.3874.32
31-Mar-21239.16113.478.68214.2213.0617.4
31-Mar-22254.63167.2313.81228.0326.870
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 99.99%
Promoter Shareholding (Post-Issue) 69.57% 72.83%
P/E Ratio 51.53 80
Market Cap ₹116.14 Cr. ₹11.05 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Trident Lifeline IPO retail investors (RII) are offered 16,62,000 shares while in Vedant Asset IPO retail investors are offered 16,62,000 shares. Qualified institutional buyers (QIB) are offered in Trident Lifeline IPO and in Vedant Asset IPO.

  Trident Lifeline IPO Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,75,200 shares 42,000 shares
QIB
NII 16,62,000 shares 3,54,000 shares
RII 16,62,000 shares 3,54,000 shares
Employee
Others
Total 33,24,000 shares 7,08,000 shares

Bids Received (Subscription)

Trident Lifeline IPO subscribed 1.34x in total, whereas Vedant Asset IPO subscribed 49.07x.

  Trident Lifeline IPO Vedant Asset IPO
QIB (times)
NII (times) 1.69x 42.98x
Big NII (times)
Small NII (times)
RII (times) 0.98x 55.16x
Employee (times)
Other (times)
Total (times) 1.34x 49.07x

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