Magson IPO vs Tridhya Tech IPO

Comparision between Magson IPO and Tridhya Tech IPO.

IPO Details

Magson IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Tridhya Tech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Magson IPO	Tridhya Tech 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	Interactive Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Sunflower Broking Private Limited	Econo Broking Private 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 Magson IPO is up to ₹13.74 Cr whereas the issue size of the Tridhya Tech IPO is up to ₹26.41 Cr. The final issue price of Magson IPO is ₹65.00 per share and of Tridhya Tech IPO is ₹42.00 per share.

	Magson IPO	Tridhya Tech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹35.00 per share
Issue Price (Upper)		₹42.00 per share
Issue Price (Final)	₹65.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size	21,14,000 shares	62,88,000 shares
Fresh Issue Size (Amount)	up to ₹13.74 Cr	up to ₹26.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,14,000 shares	62,88,000 shares
Issue Size Total (Amount)	up to ₹13.74 Cr	up to ₹26.41 Cr

IPO Timetable

Magson IPO opens on Jun 23, 2023, while Tridhya Tech IPO opens on Jun 30, 2023. The closing date of Magson IPO and Tridhya Tech IPO is Jun 27, 2023, and Jul 05, 2023, respectively.

	Magson IPO	Tridhya Tech IPO
Anchor Bid Date		Jun 27, 2023
Issue Open	Jun 23, 2023	Jun 30, 2023
Issue Close	Jun 27, 2023	Jul 05, 2023
Basis Of Allotment (Tentative)	Jul 03, 2023	Jul 10, 2023
Initiation of Refunds (Tentative)	Jul 04, 2023	Jul 11, 2023
Credit of Share (Tentative)	Jul 05, 2023	Jul 12, 2023
Listing date (Tentative)	Jul 06, 2023	Jul 13, 2023
Anchor Lockin End date 1	Aug 02, 2023	Aug 09, 2023
Anchor Lockin End date 2	Oct 01, 2023	Oct 08, 2023

Financials

Magson IPO P/E ratio is 20.25, as compared to Tridhya Tech IPO P/E ratio of 26.09.

Magson IPO

Tridhya Tech IPO

Financial

Magson Retail And Distribution Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	833.45	3,241.22	166.31	169.04	168.04	354.00
31-Mar-21	1,283.84	5,358.92	181.75	350.80	349.80	386.60
31-Mar-22	1,494.69	5,566.77	223.36	574.06	573.06	344.72
31-Mar-23	1,999.87	6,301.49	251.88	926.25	352.65	321.95
Amount in ₹ Lakhs

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-22	2,548.77	1,407.48	339.46	1,457.98	1,309.84	705.46
31-Dec-22	5,969.66	1,507.92	284.97	2,030.66	1,860.35	3,090.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.89%

80.8%

Promoter Shareholding (Post-Issue)

70.06%

58.98%

P/E Ratio

20.25

26.09

Market Cap

₹51.03 Cr.

₹97.81 Cr.

ROE

2.85%%

ROCE

9.69%%

Debt/Equity

0.35

1.23

EPS

₹4.96

₹44.44

RoNW

27.19%%

65.52%%

Shares Offered

In the Magson IPO retail investors (RII) are offered 10,04,000 shares while in Tridhya Tech IPO retail investors are offered 10,04,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Magson IPO and 15,54,000 shares in Tridhya Tech IPO.

	Magson IPO	Tridhya Tech IPO
Anchor Investor Reserveration		14,31,000 shares
Market Maker Reserveration	1,06,000 shares	3,15,000 shares
QIB	0 shares	15,54,000 shares
NII	10,04,000 shares	8,97,450 shares
RII	10,04,000 shares	20,90,550 shares
Employee	0 shares	0 shares
Others
Total	20,08,000 shares	45,42,000 shares

Bids Received (Subscription)

Magson IPO subscribed 6.74x in total, whereas Tridhya Tech IPO subscribed 72.38x.

	Magson IPO	Tridhya Tech IPO
QIB (times)		15.62x
NII (times)	6.09x	181.72x
Big NII (times)
Small NII (times)
RII (times)	7.38x	67.62x
Employee (times)
Other (times)
Total (times)	6.74x	72.38x

Compare with others

Magson IPO	Tridhya Tech IPO
AccelerateBS India IPO	Drone Destination IPO
Synoptics Technologies IPO	AccelerateBS India IPO
Alphalogic Industries IPO	Synoptics Technologies IPO
Global Pet Industries IPO	Alphalogic Industries IPO
Tridhya Tech IPO	Global Pet Industries IPO
Greenchef Appliances IPO	Magson IPO
Veefin Solutions IPO	Greenchef Appliances IPO
Pentagon Rubber IPO	Veefin Solutions IPO
Kaka Industries IPO	Pentagon Rubber IPO
Aatmaj Healthcare IPO	Kaka Industries IPO

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