Cargotrans Maritime IPO vs Trident Lifeline IPO

Comparision between Cargotrans Maritime IPO and Trident Lifeline IPO.

IPO Details

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

	Cargotrans Maritime IPO	Trident Lifeline 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	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private 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 Cargotrans Maritime IPO is up to ₹4.86 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 Cr. The final issue price of Cargotrans Maritime IPO is ₹45.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

	Cargotrans Maritime IPO	Trident Lifeline IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹45.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	10,80,000 shares	34,99,200 shares
Fresh Issue Size (Amount)	up to ₹4.86 Cr	up to ₹35.34 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	10,80,000 shares	34,99,200 shares
Issue Size Total (Amount)	up to ₹4.86 Cr	up to ₹35.34 Cr

IPO Timetable

Cargotrans Maritime IPO opens on Sep 27, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Cargotrans Maritime IPO and Trident Lifeline IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

	Cargotrans Maritime IPO	Trident Lifeline IPO
Anchor Bid Date
Issue Open	Sep 27, 2022	Sep 26, 2022
Issue Close	Sep 29, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 04, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 06, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 03, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 02, 2023

Financials

Cargotrans Maritime IPO P/E ratio is 7.77, as compared to Trident Lifeline IPO P/E ratio of 51.53.

Cargotrans Maritime IPO

Trident Lifeline IPO

Financial

Cargotrans Maritime Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	592.68	2058.43	27.56	181	121
31-Mar-21	1071.37	4941.1	115.01	296.01	236.01
31-Mar-22	1157.43	8959.92	236.28	532.29	472.29
Amount in ₹ Lakhs

Trident Lifeline Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	638.92	500.71	-79.63	-300.03
31-Mar-21	1144.41	978.13	63.23	-47.07
31-Mar-22	1385.98	2237.14	227.32	480.25
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

73.53%

69.57%

P/E Ratio

7.77

51.53

Market Cap

₹18.36 Cr.

₹116.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Cargotrans Maritime IPO retail investors (RII) are offered 5,10,000 shares while in Trident Lifeline IPO retail investors are offered 5,10,000 shares. Qualified institutional buyers (QIB) are offered in Cargotrans Maritime IPO and in Trident Lifeline IPO.

	Cargotrans Maritime IPO	Trident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration	60,000 shares	1,75,200 shares
QIB
NII	5,10,000 shares	16,62,000 shares
RII	5,10,000 shares	16,62,000 shares
Employee
Others
Total	10,20,000 shares	33,24,000 shares

Bids Received (Subscription)

Cargotrans Maritime IPO subscribed 148.25x in total, whereas Trident Lifeline IPO subscribed 1.34x.

	Cargotrans Maritime IPO	Trident Lifeline IPO
QIB (times)
NII (times)	129.63x	1.69x
Big NII (times)
Small NII (times)
RII (times)	166.86x	0.98x
Employee (times)
Other (times)
Total (times)	148.25x	1.34x

Compare with others

Cargotrans Maritime IPO	Trident Lifeline IPO
Pace E-Commerce Ventures IPO	Vital Chemtech IPO
Swastik Pipe IPO	Phantom Digital Effects IPO
Trident Lifeline IPO	Frog Cellsat IPO
Steelman Telecom IPO	Pace E-Commerce Ventures IPO
Reetech International Cargo IPO	Swastik Pipe IPO
Vedant Asset IPO	Steelman Telecom IPO
Cargosol Logistics IPO	Reetech International Cargo IPO
Silicon Rental Solutions IPO	Cargotrans Maritime IPO
Lloyds Luxuries IPO	Vedant Asset IPO
Concord Control Systems IPO	Cargosol Logistics IPO

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