Pace E-Commerce Ventures IPO vs Trident Lifeline IPO

Comparision between Pace E-Commerce Ventures IPO and Trident Lifeline IPO.

IPO Details

Pace E-Commerce Ventures 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.

	Pace E-Commerce Ventures 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	Interactive Financial Services Ltd	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 Pace E-Commerce Ventures IPO is up to ₹66.53 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 Cr. The final issue price of Pace E-Commerce Ventures IPO is ₹103.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

	Pace E-Commerce Ventures IPO	Trident Lifeline IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹103.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	40,00,000 shares	34,99,200 shares
Fresh Issue Size (Amount)	up to ₹41.20 Cr	up to ₹35.34 Cr
OFS Issue Size	24,59,600 shares
OFS Issue Size (Amount)	up to ₹25.33 Cr
Issue Size Total	64,59,600 shares	34,99,200 shares
Issue Size Total (Amount)	up to ₹66.53 Cr	up to ₹35.34 Cr

IPO Timetable

Pace E-Commerce Ventures IPO opens on Sep 29, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Pace E-Commerce Ventures IPO and Trident Lifeline IPO is Oct 13, 2022, and Sep 29, 2022, respectively.

	Pace E-Commerce Ventures IPO	Trident Lifeline IPO
Anchor Bid Date
Issue Open	Sep 29, 2022	Sep 26, 2022
Issue Close	Oct 13, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 18, 2022	Oct 04, 2022
Initiation of Refunds (Tentative)	Oct 19, 2022	Oct 06, 2022
Credit of Share (Tentative)	Oct 20, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 20, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 17, 2022	Nov 03, 2022
Anchor Lockin End date 2	Jan 16, 2023	Jan 02, 2023

Financials

Pace E-Commerce Ventures IPO P/E ratio is 429.16, as compared to Trident Lifeline IPO P/E ratio of 51.53.

Pace E-Commerce Ventures IPO

Trident Lifeline IPO

Financial

Pace E-Commerce Ventures Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	157.97	150.42	0.34	7.24	6.24
31-Mar-21	2786.01	171.89	7.18	2595.32	6.24
31-Mar-22	3241.71	1054.15	54.12	2649.44	817.54
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)

91.12%

100%

Promoter Shareholding (Post-Issue)

65%

69.57%

P/E Ratio

429.16

51.53

Market Cap

₹232.10 Cr.

₹116.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Pace E-Commerce Ventures IPO retail investors (RII) are offered 30,63,600 shares while in Trident Lifeline IPO retail investors are offered 30,63,600 shares. Qualified institutional buyers (QIB) are offered in Pace E-Commerce Ventures IPO and in Trident Lifeline IPO.

	Pace E-Commerce Ventures IPO	Trident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,32,400 shares	1,75,200 shares
QIB
NII	30,63,600 shares	16,62,000 shares
RII	30,63,600 shares	16,62,000 shares
Employee
Others
Total	61,27,200 shares	33,24,000 shares

Bids Received (Subscription)

Pace E-Commerce Ventures IPO subscribed 1.14x in total, whereas Trident Lifeline IPO subscribed 1.34x.

	Pace E-Commerce Ventures IPO	Trident Lifeline IPO
QIB (times)
NII (times)	1.72x	1.69x
Big NII (times)
Small NII (times)
RII (times)	0.55x	0.98x
Employee (times)
Other (times)
Total (times)	1.14x	1.34x

Compare with others

Pace E-Commerce Ventures IPO	Trident Lifeline IPO
Integrated Personnel Services IPO	Vital Chemtech IPO
Technopack Polymers IPO	Phantom Digital Effects IPO
Vital Chemtech IPO	Frog Cellsat IPO
Phantom Digital Effects IPO	Pace E-Commerce Ventures IPO
Frog Cellsat IPO	Swastik Pipe IPO
Swastik Pipe IPO	Steelman Telecom IPO
Trident Lifeline IPO	Reetech International Cargo IPO
Steelman Telecom IPO	Cargotrans Maritime IPO
Reetech International Cargo IPO	Vedant Asset IPO
Cargotrans Maritime IPO	Cargosol Logistics IPO

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