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Trust Fintech IPO vs Zenith Drugs IPO

Comparision between Trust Fintech IPO and Zenith Drugs IPO.

IPO Details

Trust Fintech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Zenith Drugs IPO is a SME Book Built Issue proposed to list at NSE SME.

  Trust Fintech IPO Zenith Drugs IPO
Logo Trust Fintech IPO Logo Zenith Drugs IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Corporate Capitalventures Pvt Ltd Gretex Corporate Services Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Ss Corporate Securities Limited Gretex Share Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Trust Fintech IPO is up to ₹63.45 Cr whereas the issue size of the Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Trust Fintech IPO is ₹101.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

  Trust Fintech IPO Zenith Drugs IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹95.00 per share ₹75.00 per share
Issue Price (Upper) ₹101.00 per share ₹79.00 per share
Issue Price (Final) ₹101.00 per share ₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 62,82,000 shares 51,48,800 shares
Fresh Issue Size (Amount) up to ₹63.45 Cr up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 62,82,000 shares 51,48,800 shares
Issue Size Total (Amount) up to ₹63.45 Cr up to ₹40.68 Cr

IPO Timetable

Trust Fintech IPO opens on Mar 26, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Trust Fintech IPO and Zenith Drugs IPO is Mar 28, 2024, and Feb 22, 2024, respectively.

  Trust Fintech IPO Zenith Drugs IPO
Anchor Bid Date Mar 22, 2024 Feb 16, 2024
Issue Open Mar 26, 2024 Feb 19, 2024
Issue Close Mar 28, 2024 Feb 22, 2024
Basis Of Allotment (Tentative) Apr 02, 2024 Feb 23, 2024
Initiation of Refunds (Tentative) Apr 03, 2024 Feb 26, 2024
Credit of Share (Tentative) Apr 03, 2024 Feb 26, 2024
Listing date (Tentative) Apr 04, 2024 Feb 27, 2024
Anchor Lockin End date 1 May 02, 2024 Mar 24, 2024
Anchor Lockin End date 2 Jul 01, 2024 May 23, 2024

Financials

Trust Fintech IPO P/E ratio is 44.05, as compared to Zenith Drugs IPO P/E ratio of 18.4.

  Trust Fintech IPO Zenith Drugs IPO
Financial

Trust Fintech Limited Financial Information (Restated Standalone)

Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,989.433,118.891,958.721,590.01
Revenue1,883.132,270.191,800.002,417.94
Profit After Tax727.95402.21133.66219.66
Net Worth3,446.552,718.601,516.391,382.73
Reserves and Surplus2,928.062,200.11997.90864.25
Total Borrowing-34.32-3.80118.69-44.34
Amount in ₹ Lakhs

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets11,249.049,793.836,858.47
Revenue6,948.4311,569.659,266.63
Profit After Tax539.38515.29312.86
Net Worth2,264.961,724.421,209.09
Reserves and Surplus1,064.961,684.421,169.09
Total Borrowing2,902.812,605.031,880.86
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 93.51% 100.00%
Promoter Shareholding (Post-Issue) 68.85% 69.98%
P/E Ratio 44.05 18.4
Market Cap ₹240.63 Cr. ₹135.48 Cr.
ROE 23.61%% 35.13%%
ROCE 28.54%% 37.29%%
Debt/Equity 1.51
EPS ₹2.29 ₹4.29
RoNW 27.51%% 29.88%%

Shares Offered

In the Trust Fintech IPO retail investors (RII) are offered 20,88,000 shares while in Zenith Drugs IPO retail investors are offered 20,88,000 shares. Qualified institutional buyers (QIB) are offered 11,92,800 shares in Trust Fintech IPO and 8,59,200 shares in Zenith Drugs IPO.

  Trust Fintech IPO Zenith Drugs IPO
Anchor Investor Reserveration 17,88,000 shares 12,88,000 shares
Market Maker Reserveration 3,18,000 shares 8,52,800 shares
QIB 11,92,800 shares 8,59,200 shares
NII 8,95,200 shares 6,44,800 shares
RII 20,88,000 shares 15,04,000 shares
Employee 0 shares 0 shares
Others
Total 41,76,000 shares 30,08,000 shares

Bids Received (Subscription)

Trust Fintech IPO subscribed 108.63x in total, whereas Zenith Drugs IPO subscribed 179.18x.

  Trust Fintech IPO Zenith Drugs IPO
QIB (times) 65.38x 106.72x
NII (times) 244.48x 368.77x
Big NII (times)
Small NII (times)
RII (times) 75.10x 139.28x
Employee (times)
Other (times)
Total (times) 108.63x 179.18x

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