Esconet Technologies IPO vs Trust Fintech IPO

Comparision between Esconet Technologies IPO and Trust Fintech IPO.

IPO Details

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

	Esconet Technologies IPO	Trust Fintech 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	Corporate Capitalventures Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Ss Corporate Securities 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 Esconet Technologies IPO is up to ₹28.22 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Trust Fintech IPO is ₹101.00 per share.

	Esconet Technologies IPO	Trust Fintech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹95.00 per share
Issue Price (Upper)	₹84.00 per share	₹101.00 per share
Issue Price (Final)	₹84.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	33,60,000 shares	62,82,000 shares
Fresh Issue Size (Amount)	up to ₹28.22 Cr	up to ₹63.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,60,000 shares	62,82,000 shares
Issue Size Total (Amount)	up to ₹28.22 Cr	up to ₹63.45 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Esconet Technologies IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.

	Esconet Technologies IPO	Trust Fintech IPO
Anchor Bid Date	Feb 15, 2024	Mar 22, 2024
Issue Open	Feb 16, 2024	Mar 26, 2024
Issue Close	Feb 20, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Apr 02, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Apr 03, 2024
Credit of Share (Tentative)	Feb 22, 2024	Apr 03, 2024
Listing date (Tentative)	Feb 23, 2024	Apr 04, 2024
Anchor Lockin End date 1	Mar 22, 2024	May 02, 2024
Anchor Lockin End date 2	May 21, 2024	Jul 01, 2024

Financials

Esconet Technologies IPO P/E ratio is 24.87, as compared to Trust Fintech IPO P/E ratio of 44.05.

Esconet Technologies IPO

Trust Fintech IPO

Financial

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	4,260.46	2,798.37
Revenue	7,146.71	9,690.84
Profit After Tax	305.47	304.00
Net Worth	902.97	554.47
Reserves and Surplus	825.19	477.48
Total Borrowing	1,008.95	1,103.89
Amount in ₹ Lakhs

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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,989.43	3,118.89	1,958.72	1,590.01
Revenue	1,883.13	2,270.19	1,800.00	2,417.94
Profit After Tax	727.95	402.21	133.66	219.66
Net Worth	3,446.55	2,718.60	1,516.39	1,382.73
Reserves and Surplus	2,928.06	2,200.11	997.90	864.25
Total Borrowing	-34.32	-3.80	118.69	-44.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.18%

93.51%

Promoter Shareholding (Post-Issue)

64.94%

68.85%

P/E Ratio

24.87

44.05

Market Cap

₹103.82 Cr.

₹240.63 Cr.

ROE

75.54%%

23.61%%

ROCE

59.11%%

28.54%%

Debt/Equity

1.99

EPS

₹39.63

₹2.29

RoNW

54.83%%

27.51%%

Shares Offered

In the Esconet Technologies IPO retail investors (RII) are offered 11,15,200 shares while in Trust Fintech IPO retail investors are offered 11,15,200 shares. Qualified institutional buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 11,92,800 shares in Trust Fintech IPO.

	Esconet Technologies IPO	Trust Fintech IPO
Anchor Investor Reserveration	9,53,600 shares	17,88,000 shares
Market Maker Reserveration	1,76,000 shares	3,18,000 shares
QIB	6,36,800 shares	11,92,800 shares
NII	4,78,400 shares	8,95,200 shares
RII	11,15,200 shares	20,88,000 shares
Employee	0 shares	0 shares
Others
Total	22,30,400 shares	41,76,000 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Trust Fintech IPO subscribed 108.63x.

	Esconet Technologies IPO	Trust Fintech IPO
QIB (times)	156.02x	65.38x
NII (times)	868.05x	244.48x
Big NII (times)
Small NII (times)
RII (times)	553.02x	75.10x
Employee (times)
Other (times)
Total (times)	507.24x	108.63x

Compare with others

Esconet Technologies IPO	Trust Fintech IPO
Owais Metal and Mineral Processing IPO	Purv Flexipack IPO
Purv Flexipack IPO	Sadhav Shipping IPO
Sadhav Shipping IPO	Deem Roll Tech IPO
Deem Roll Tech IPO	Zenith Drugs IPO
Zenith Drugs IPO	Esconet Technologies IPO
Trust Fintech IPO	Interiors and More IPO
Interiors and More IPO	Atmastco IPO
Atmastco IPO	Thaai Casting IPO
Thaai Casting IPO	Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO

Comments

Add a public comment...