Chetana Education IPO vs Trom Industries IPO

Comparision between Chetana Education IPO and Trom Industries IPO.

IPO Details

Chetana Education IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Trom Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Chetana Education IPO	Trom Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Expert Global Consultants Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Hem Finlease Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Chetana Education IPO is up to ₹45.90 Cr whereas the issue size of the Trom Industries IPO is up to ₹31.37 Cr. The final issue price of Chetana Education IPO is ₹85.00 per share and of Trom Industries IPO is ₹115.00 per share.

	Chetana Education IPO	Trom Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹100.00 per share
Issue Price (Upper)	₹85.00 per share	₹115.00 per share
Issue Price (Final)	₹85.00 per share	₹115.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	54,00,000 shares	27,27,600 shares
Fresh Issue Size (Amount)	up to ₹45.90 Cr	up to ₹31.37 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	27,27,600 shares
Issue Size Total (Amount)	up to ₹45.90 Cr	up to ₹31.37 Cr

IPO Timetable

Chetana Education IPO opens on Jul 24, 2024, while Trom Industries IPO opens on Jul 25, 2024. The closing date of Chetana Education IPO and Trom Industries IPO is Jul 26, 2024, and Jul 29, 2024, respectively.

	Chetana Education IPO	Trom Industries IPO
Anchor Bid Date	Jul 23, 2024	Jul 24, 2024
Issue Open	Jul 24, 2024	Jul 25, 2024
Issue Close	Jul 26, 2024	Jul 29, 2024
Basis Of Allotment (Tentative)	Jul 29, 2024	Jul 30, 2024
Initiation of Refunds (Tentative)	Jul 30, 2024	Jul 31, 2024
Credit of Share (Tentative)	Jul 30, 2024	Jul 31, 2024
Listing date (Tentative)	Jul 31, 2024	Aug 01, 2024
Anchor Lockin End date 1	Aug 28, 2024	Aug 29, 2024
Anchor Lockin End date 2	Oct 27, 2024	Oct 28, 2024

Financials

Chetana Education IPO P/E ratio is 10.59, as compared to Trom Industries IPO P/E ratio of 12.98.

Chetana Education IPO

Trom Industries IPO

Financial

Chetana Education Limited Financial Information (Restated Standalone)

Chetana Education Limited's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,475.09	8,315.08	7,605.82	6,825.10
Revenue	9,367.06	7,560.77	4,312.21	3,270.96
Profit After Tax	1,203.47	685.47	168.06	280.30
Net Worth	2,524.55	2,281.92	1,947.33	2,091.10
Reserves and Surplus	1,024.55
Total Borrowing	5,128.73	4,299.50	3,876.03	3,487.85
Amount in ₹ Lakhs

Trom Industries Limited Financial Information (Restated)

Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,919.93	2,155.35	1,854.32
Revenue	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves and Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

98.84%

Promoter Shareholding (Post-Issue)

73.53%

69.52%

P/E Ratio

10.59

12.98

Market Cap

₹173.40 Cr.

₹105.74 Cr.

ROE

50.08%%

77.82%%

ROCE

26.87%%

47.11%%

Debt/Equity

0.47

EPS

₹8.02

₹8.86

RoNW

47.67%%

77.82%%

Shares Offered

In the Chetana Education IPO retail investors (RII) are offered 17,95,200 shares while in Trom Industries IPO retail investors are offered 17,95,200 shares. Qualified institutional buyers (QIB) are offered 10,25,600 shares in Chetana Education IPO and 5,18,400 shares in Trom Industries IPO.

	Chetana Education IPO	Trom Industries IPO
Anchor Investor Reserveration	15,36,000 shares	7,76,400 shares
Market Maker Reserveration	2,73,600 shares	1,36,800 shares
QIB	10,25,600 shares	5,18,400 shares
NII	7,69,600 shares	3,88,800 shares
RII	17,95,200 shares	9,07,200 shares
Employee	0 shares	0 shares
Others
Total	35,90,400 shares	18,14,400 shares

Bids Received (Subscription)

Chetana Education IPO subscribed 196.87x in total, whereas Trom Industries IPO subscribed 459.00x.

	Chetana Education IPO	Trom Industries IPO
QIB (times)	101.22x	197.07x
NII (times)	468.42x	751.90x
Big NII (times)
Small NII (times)
RII (times)	135.11x	483.14x
Employee (times)
Other (times)
Total (times)	196.87x	459.00x

Compare with others

Chetana Education IPO	Trom Industries IPO
Trom Industries IPO	Kizi Apparels IPO
Esprit Stones IPO	Ashapura Logistics IPO
S A Tech Software India IPO	Rajputana Industries IPO
Aprameya Engineering IPO	Bulkcorp IPO
Manglam Infra And Engineering IPO	Sathlokhar Synergys E&C Global IPO
Clinitech Laboratory IPO	Esprit Stones IPO
VVIP Infratech IPO	S A Tech Software India IPO
V.L.Infraprojects IPO	Aprameya Engineering IPO
RNFI Services IPO	Manglam Infra And Engineering IPO
Macobs Technologies IPO	Chetana Education IPO

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