Sadhav Shipping IPO vs Trust Fintech IPO

Comparision between Sadhav Shipping IPO and Trust Fintech IPO.

IPO Details

Sadhav Shipping 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.

	Sadhav Shipping IPO	Trust Fintech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Isk Advisors Pvt Ltd	Corporate Capitalventures Pvt Ltd
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking Private Limited	Ss Corporate Securities 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 Sadhav Shipping IPO is up to ₹38.18 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Sadhav Shipping IPO is ₹95.00 per share and of Trust Fintech IPO is ₹101.00 per share.

	Sadhav Shipping IPO	Trust Fintech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹95.00 per share
Issue Price (Upper)		₹101.00 per share
Issue Price (Final)	₹95.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	40,18,800 shares	62,82,000 shares
Fresh Issue Size (Amount)	up to ₹38.18 Cr	up to ₹63.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	40,18,800 shares	62,82,000 shares
Issue Size Total (Amount)	up to ₹38.18 Cr	up to ₹63.45 Cr

IPO Timetable

Sadhav Shipping IPO opens on Feb 23, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Sadhav Shipping IPO and Trust Fintech IPO is Feb 27, 2024, and Mar 28, 2024, respectively.

	Sadhav Shipping IPO	Trust Fintech IPO
Anchor Bid Date		Mar 22, 2024
Issue Open	Feb 23, 2024	Mar 26, 2024
Issue Close	Feb 27, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Feb 28, 2024	Apr 02, 2024
Initiation of Refunds (Tentative)	Feb 29, 2024	Apr 03, 2024
Credit of Share (Tentative)	Feb 29, 2024	Apr 03, 2024
Listing date (Tentative)	Mar 01, 2024	Apr 04, 2024
Anchor Lockin End date 1		May 02, 2024
Anchor Lockin End date 2		Jul 01, 2024

Financials

Sadhav Shipping IPO P/E ratio is 12.66, as compared to Trust Fintech IPO P/E ratio of 44.05.

Sadhav Shipping IPO

Trust Fintech IPO

Financial

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% 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	13,113.49	11,628.71	6,909.44	6,117.64
Revenue	3,385.69	7,890.59	6,977.94	6,123.67
Profit After Tax	406.97	775.44	300.93	330.77
Net Worth	4,501.44	4,094.46	3,503.51	3,205.61
Reserves and Surplus	4,206.18	3,799.21	3,208.26	2,910.36
Total Borrowing	6,681.84	5,527.45	2,083.08	1,776.04
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)

96.44%

93.51%

Promoter Shareholding (Post-Issue)

69.44%

68.85%

P/E Ratio

12.66

44.05

Market Cap

₹136.35 Cr.

₹240.63 Cr.

ROE

20.41%%

23.61%%

ROCE

14.36%%

28.54%%

Debt/Equity

EPS

₹7.50

₹2.29

RoNW

18.94%%

27.51%%

Shares Offered

In the Sadhav Shipping IPO retail investors (RII) are offered 19,08,000 shares while in Trust Fintech IPO retail investors are offered 19,08,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Sadhav Shipping IPO and 11,92,800 shares in Trust Fintech IPO.

	Sadhav Shipping IPO	Trust Fintech IPO
Anchor Investor Reserveration		17,88,000 shares
Market Maker Reserveration	2,02,800 shares	3,18,000 shares
QIB	0 shares	11,92,800 shares
NII	19,08,000 shares	8,95,200 shares
RII	19,08,000 shares	20,88,000 shares
Employee	0 shares	0 shares
Others
Total	38,16,000 shares	41,76,000 shares

Bids Received (Subscription)

Sadhav Shipping IPO subscribed 135.69x in total, whereas Trust Fintech IPO subscribed 108.63x.

	Sadhav Shipping IPO	Trust Fintech IPO
QIB (times)		65.38x
NII (times)	184.58x	244.48x
Big NII (times)
Small NII (times)
RII (times)	65.52x	75.10x
Employee (times)
Other (times)
Total (times)	135.69x	108.63x

Compare with others

Sadhav Shipping IPO	Trust Fintech IPO
Sona Machinery IPO	Purv Flexipack IPO
Pune E-Stock Broking IPO	Sadhav Shipping IPO
M.V.K. Agro Food IPO	Deem Roll Tech IPO
Owais Metal and Mineral Processing IPO	Zenith Drugs IPO
Purv Flexipack IPO	Esconet Technologies IPO
Deem Roll Tech IPO	Interiors and More IPO
Zenith Drugs IPO	Atmastco IPO
Esconet Technologies IPO	Thaai Casting IPO
Trust Fintech IPO	Kalahridhaan Trendz IPO
Interiors and More IPO	Polysil Irrigation Systems IPO

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