Trident Lifeline IPO vs Vedant Asset IPO

Comparision between Trident Lifeline IPO and Vedant Asset IPO.

IPO Details

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

	Trident Lifeline IPO	Vedant Asset 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	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Trident Lifeline IPO is up to ₹35.34 Cr whereas the issue size of the Vedant Asset IPO is up to ₹3.00 Cr. The final issue price of Trident Lifeline IPO is ₹101.00 per share and of Vedant Asset IPO is ₹40.00 per share.

	Trident Lifeline IPO	Vedant Asset IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹101.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	34,99,200 shares	7,50,000 shares
Fresh Issue Size (Amount)	up to ₹35.34 Cr	up to ₹3.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,99,200 shares	7,50,000 shares
Issue Size Total (Amount)	up to ₹35.34 Cr	up to ₹3.00 Cr

IPO Timetable

Trident Lifeline IPO opens on Sep 26, 2022, while Vedant Asset IPO opens on Sep 30, 2022. The closing date of Trident Lifeline IPO and Vedant Asset IPO is Sep 29, 2022, and Oct 04, 2022, respectively.

	Trident Lifeline IPO	Vedant Asset IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Sep 30, 2022
Issue Close	Sep 29, 2022	Oct 04, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Oct 10, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Oct 11, 2022
Credit of Share (Tentative)	Oct 07, 2022	Oct 12, 2022
Listing date (Tentative)	Oct 10, 2022	Oct 12, 2022
Anchor Lockin End date 1	Nov 03, 2022	Nov 09, 2022
Anchor Lockin End date 2	Jan 02, 2023	Jan 08, 2023

Financials

Trident Lifeline IPO P/E ratio is 51.53, as compared to Vedant Asset IPO P/E ratio of 80.

Trident Lifeline IPO

Vedant Asset IPO

Financial

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

Vedant Asset Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	83.13	61.23	3.4	5.38	4.38	74.32
31-Mar-21	239.16	113.47	8.68	214.22	13.06	17.4
31-Mar-22	254.63	167.23	13.81	228.03	26.87	0
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.99%

Promoter Shareholding (Post-Issue)

69.57%

72.83%

P/E Ratio

51.53

Market Cap

₹116.14 Cr.

₹11.05 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Trident Lifeline IPO retail investors (RII) are offered 16,62,000 shares while in Vedant Asset IPO retail investors are offered 16,62,000 shares. Qualified institutional buyers (QIB) are offered in Trident Lifeline IPO and in Vedant Asset IPO.

	Trident Lifeline IPO	Vedant Asset IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,75,200 shares	42,000 shares
QIB
NII	16,62,000 shares	3,54,000 shares
RII	16,62,000 shares	3,54,000 shares
Employee
Others
Total	33,24,000 shares	7,08,000 shares

Bids Received (Subscription)

Trident Lifeline IPO subscribed 1.34x in total, whereas Vedant Asset IPO subscribed 49.07x.

	Trident Lifeline IPO	Vedant Asset IPO
QIB (times)
NII (times)	1.69x	42.98x
Big NII (times)
Small NII (times)
RII (times)	0.98x	55.16x
Employee (times)
Other (times)
Total (times)	1.34x	49.07x

Compare with others

Trident Lifeline IPO	Vedant Asset 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	Cargotrans Maritime 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	Maagh Advertising IPO

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