AccelerateBS India IPO vs Tridhya Tech IPO

Comparision between AccelerateBS India IPO and Tridhya Tech IPO.

IPO Details

AccelerateBS India IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Tridhya Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	AccelerateBS India IPO	Tridhya Tech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Shreni Shares Limited	Econo Broking Private 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 AccelerateBS India IPO is up to ₹5.69 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹26.41 Cr. The final issue price of AccelerateBS India IPO is ₹90.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	AccelerateBS India IPO	Tridhya 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)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	1,88,800 shares	62,88,000 shares
Fresh Issue Size (Amount)	up to ₹1.70 Cr	up to ₹26.41 Cr
OFS Issue Size	4,43,200 shares
OFS Issue Size (Amount)	up to ₹3.99 Cr
Issue Size Total	6,32,000 shares	62,88,000 shares
Issue Size Total (Amount)	up to ₹5.69 Cr	up to ₹26.41 Cr

IPO Timetable

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

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

Financials

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

AccelerateBS India IPO

Tridhya Tech IPO

Financial

AccelerateBS India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	125.10	493.35	68.35	53.05
31-Mar-21	180.95	451.92	42.53	102.46	24.00
31-Mar-22	200.65	355.69	25.91	111.03	45.34
31-Jan-23	283.25	164.92	26.22	205.42	33.82
Amount in ₹ Lakhs

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

Promoter Shareholding (Pre-Issue)

100.00%

80.8%

Promoter Shareholding (Post-Issue)

70.59%

58.98%

P/E Ratio

27.27

26.09

Market Cap

₹19.34 Cr.

₹97.81 Cr.

ROE

15.80%%

2.85%%

ROCE

19.44%%

9.69%%

Debt/Equity

0.16

1.23

EPS

₹1.38

₹44.44

RoNW

12.77%%

65.52%%

Shares Offered

In the AccelerateBS India IPO retail 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 India IPO and 15,54,000 shares in Tridhya Tech IPO.

	AccelerateBS India IPO	Tridhya Tech IPO
Anchor Investor Reserveration		14,31,000 shares
Market Maker Reserveration	33,600 shares	3,15,000 shares
QIB	0 shares	15,54,000 shares
NII	2,99,200 shares	8,97,450 shares
RII	2,99,200 shares	20,90,550 shares
Employee	0 shares	0 shares
Others
Total	5,98,400 shares	45,42,000 shares

Bids Received (Subscription)

AccelerateBS India IPO subscribed 49.19x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	AccelerateBS India IPO	Tridhya Tech IPO
QIB (times)		15.62x
NII (times)	39.25x	181.72x
Big NII (times)
Small NII (times)
RII (times)	59.11x	67.62x
Employee (times)
Other (times)
Total (times)	49.19x	72.38x

Compare with others

AccelerateBS India IPO	Tridhya Tech IPO
Srivari Spices and Foods IPO	Drone Destination IPO
Asarfi Hospital IPO	AccelerateBS India IPO
Service Care IPO	Synoptics Technologies IPO
Ahasolar Technologies IPO	Alphalogic Industries IPO
Drone Destination IPO	Global Pet Industries IPO
Synoptics Technologies IPO	Magson IPO
Alphalogic Industries IPO	Greenchef Appliances IPO
Global Pet Industries IPO	Veefin Solutions IPO
Tridhya Tech IPO	Pentagon Rubber IPO
Magson IPO	Kaka Industries IPO

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