Tridhya Tech IPO vs Veefin Solutions IPO

Comparision between Tridhya Tech IPO and Veefin Solutions IPO.

IPO Details

Tridhya Tech IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Veefin Solutions IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Tridhya Tech IPO	Veefin Solutions 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	Interactive Financial Services Ltd	Shreni Shares Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Econo Broking Private Limited	Shreni Shares 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 Tridhya Tech IPO is up to ₹26.41 Cr whereas the issue size of the Veefin Solutions IPO is up to ₹46.73 Cr. The final issue price of Tridhya Tech IPO is ₹42.00 per share and of Veefin Solutions IPO is ₹82.00 per share.

	Tridhya Tech IPO	Veefin Solutions 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)	₹42.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	62,88,000 shares	28,49,600 shares
Fresh Issue Size (Amount)	up to ₹26.41 Cr	up to ₹23.37 Cr
OFS Issue Size		28,49,600 shares
OFS Issue Size (Amount)		up to ₹23.37 Cr
Issue Size Total	62,88,000 shares	56,99,200 shares
Issue Size Total (Amount)	up to ₹26.41 Cr	up to ₹46.73 Cr

IPO Timetable

Tridhya Tech IPO opens on Jun 30, 2023, while Veefin Solutions IPO opens on Jun 22, 2023. The closing date of Tridhya Tech IPO and Veefin Solutions IPO is Jul 05, 2023, and Jun 26, 2023, respectively.

	Tridhya Tech IPO	Veefin Solutions IPO
Anchor Bid Date	Jun 27, 2023
Issue Open	Jun 30, 2023	Jun 22, 2023
Issue Close	Jul 05, 2023	Jun 26, 2023
Basis Of Allotment (Tentative)	Jul 10, 2023	Jun 30, 2023
Initiation of Refunds (Tentative)	Jul 11, 2023	Jul 03, 2023
Credit of Share (Tentative)	Jul 12, 2023	Jul 04, 2023
Listing date (Tentative)	Jul 13, 2023	Jul 05, 2023
Anchor Lockin End date 1	Aug 09, 2023	Jul 30, 2023
Anchor Lockin End date 2	Oct 08, 2023	Sep 28, 2023

Financials

Tridhya Tech IPO P/E ratio is 26.09, as compared to Veefin Solutions IPO P/E ratio of 41.41.

Tridhya Tech IPO

Veefin Solutions IPO

Financial

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Veefin Solutions Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	1,607.93	655.19	70.01	925.10	923.86	346.32
31-Jan-23	4,821.70	1,262.36	350.02	4,293.21	2,459.43	50.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.8%

56.26%

Promoter Shareholding (Post-Issue)

58.98%

39.84%

P/E Ratio

26.09

41.41

Market Cap

₹97.81 Cr.

₹173.74 Cr.

ROE

2.85%%

13.42%%

ROCE

9.69%%

11.32%%

Debt/Equity

1.23

0.01

EPS

₹44.44

₹0.48

RoNW

65.52%%

7.57%%

Shares Offered

In the Tridhya Tech IPO retail investors (RII) are offered 20,90,550 shares while in Veefin Solutions IPO retail investors are offered 20,90,550 shares. Qualified institutional buyers (QIB) are offered 15,54,000 shares in Tridhya Tech IPO and 0 shares in Veefin Solutions IPO.

	Tridhya Tech IPO	Veefin Solutions IPO
Anchor Investor Reserveration	14,31,000 shares
Market Maker Reserveration	3,15,000 shares	2,88,000 shares
QIB	15,54,000 shares	0 shares
NII	8,97,450 shares	27,05,600 shares
RII	20,90,550 shares	27,05,600 shares
Employee	0 shares	0 shares
Others
Total	45,42,000 shares	54,11,200 shares

Bids Received (Subscription)

Tridhya Tech IPO subscribed 72.38x in total, whereas Veefin Solutions IPO subscribed 2.46x.

	Tridhya Tech IPO	Veefin Solutions IPO
QIB (times)	15.62x
NII (times)	181.72x	3.26x
Big NII (times)
Small NII (times)
RII (times)	67.62x	1.65x
Employee (times)
Other (times)
Total (times)	72.38x	2.46x

Compare with others

Tridhya Tech IPO	Veefin Solutions IPO
Drone Destination IPO	Alphalogic Industries IPO
AccelerateBS India IPO	Global Pet Industries IPO
Synoptics Technologies IPO	Tridhya Tech IPO
Alphalogic Industries IPO	Magson IPO
Global Pet Industries IPO	Greenchef Appliances IPO
Magson IPO	Pentagon Rubber IPO
Greenchef Appliances IPO	Kaka Industries IPO
Veefin Solutions IPO	Aatmaj Healthcare IPO
Pentagon Rubber IPO	Essen Speciality Films IPO
Kaka Industries IPO	Vilin Bio Med IPO

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