Steelman Telecom IPO vs Trident Lifeline IPO

Comparision between Steelman Telecom IPO and Trident Lifeline IPO.

IPO Details

Steelman Telecom 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.

	Steelman Telecom 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	Gretex Corporate Services 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 Steelman Telecom IPO is up to ₹26.02 Cr whereas the issue size of the Trident Lifeline IPO is up to ₹35.34 Cr. The final issue price of Steelman Telecom IPO is ₹96.00 per share and of Trident Lifeline IPO is ₹101.00 per share.

	Steelman Telecom IPO	Trident Lifeline IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹96.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	18,97,200 shares	34,99,200 shares
Fresh Issue Size (Amount)	up to ₹18.21 Cr	up to ₹35.34 Cr
OFS Issue Size	8,13,600 shares
OFS Issue Size (Amount)	up to ₹7.81 Cr
Issue Size Total	27,10,800 shares	34,99,200 shares
Issue Size Total (Amount)	up to ₹26.02 Cr	up to ₹35.34 Cr

IPO Timetable

Steelman Telecom IPO opens on Sep 26, 2022, while Trident Lifeline IPO opens on Sep 26, 2022. The closing date of Steelman Telecom IPO and Trident Lifeline IPO is Sep 29, 2022, and Sep 29, 2022, respectively.

	Steelman Telecom IPO	Trident Lifeline IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Sep 26, 2022
Issue Close	Sep 29, 2022	Sep 29, 2022
Basis Of Allotment (Tentative)	Oct 07, 2022	Oct 04, 2022
Initiation of Refunds (Tentative)	Oct 10, 2022	Oct 06, 2022
Credit of Share (Tentative)	Oct 10, 2022	Oct 07, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 10, 2022
Anchor Lockin End date 1	Nov 06, 2022	Nov 03, 2022
Anchor Lockin End date 2	Jan 05, 2023	Jan 02, 2023

Financials

Steelman Telecom IPO P/E ratio is 23.41, as compared to Trident Lifeline IPO P/E ratio of 51.53.

Steelman Telecom IPO

Trident Lifeline IPO

Financial

Steelman Telecom Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus
31-Mar-20	3621.76	8794.62	-22.91	985.21	486.61
31-Mar-21	3698.44	9015.5	137.64	1149.14	650.54
31-Mar-22	4525.76	10116.31	396.58	1540.72	1042.12
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)

71.98%

69.57%

P/E Ratio

23.41

51.53

Market Cap

₹92.89 Cr.

₹116.14 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Steelman Telecom IPO retail investors (RII) are offered 9,02,400 shares while in Trident Lifeline IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 12,86,400 shares in Steelman Telecom IPO and in Trident Lifeline IPO.

	Steelman Telecom IPO	Trident Lifeline IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,35,600 shares	1,75,200 shares
QIB	12,86,400 shares
NII	3,86,400 shares	16,62,000 shares
RII	9,02,400 shares	16,62,000 shares
Employee
Others
Total	25,75,200 shares	33,24,000 shares

Bids Received (Subscription)

Steelman Telecom IPO subscribed 22.40x in total, whereas Trident Lifeline IPO subscribed 1.34x.

	Steelman Telecom IPO	Trident Lifeline IPO
QIB (times)	7.78x
NII (times)	70.09x	1.69x
Big NII (times)
Small NII (times)
RII (times)	22.82x	0.98x
Employee (times)
Other (times)
Total (times)	22.40x	1.34x

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