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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 Tridhya Tech IPO Logo 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 EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-222,548.771,407.48339.461,457.981,309.84705.46
31-Dec-225,969.661,507.92284.972,030.661,860.353,090.04
Amount in ₹ Lakhs
Veefin Solutions Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-221,607.93655.1970.01925.10923.86346.32
31-Jan-234,821.701,262.36350.024,293.212,459.4350.81
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

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