Atmastco IPO vs Trust Fintech IPO

Comparision between Atmastco IPO and Trust Fintech IPO.

IPO Details

Atmastco IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Trust Fintech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Atmastco IPO	Trust Fintech 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	Affinity Global Capital Market Private Limited	Corporate Capitalventures Pvt Ltd
Registrar	Cameo Corporate Services Limited	Bigshare Services Pvt Ltd
Market Maker	Asnani Stock Broker Private Limited	Ss Corporate Securities 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 Atmastco IPO is up to ₹56.25 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Atmastco IPO is ₹77.00 per share and of Trust Fintech IPO is ₹101.00 per share.

	Atmastco IPO	Trust Fintech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹95.00 per share
Issue Price (Upper)		₹101.00 per share
Issue Price (Final)	₹77.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	54,80,000 shares	62,82,000 shares
Fresh Issue Size (Amount)	up to ₹42.20 Cr	up to ₹63.45 Cr
OFS Issue Size	18,25,600 shares
OFS Issue Size (Amount)	up to ₹14.06 Cr
Issue Size Total	73,05,600 shares	62,82,000 shares
Issue Size Total (Amount)	up to ₹56.25 Cr	up to ₹63.45 Cr

IPO Timetable

Atmastco IPO opens on Feb 15, 2024, while Trust Fintech IPO opens on Mar 26, 2024. The closing date of Atmastco IPO and Trust Fintech IPO is Feb 20, 2024, and Mar 28, 2024, respectively.

	Atmastco IPO	Trust Fintech IPO
Anchor Bid Date		Mar 22, 2024
Issue Open	Feb 15, 2024	Mar 26, 2024
Issue Close	Feb 20, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Apr 02, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Apr 03, 2024
Credit of Share (Tentative)	Feb 22, 2024	Apr 03, 2024
Listing date (Tentative)	Feb 23, 2024	Apr 04, 2024
Anchor Lockin End date 1		May 02, 2024
Anchor Lockin End date 2		Jul 01, 2024

Financials

Atmastco IPO P/E ratio is 11.6, as compared to Trust Fintech IPO P/E ratio of 44.05.

Atmastco IPO

Trust Fintech IPO

Financial

Atmastco Limited Financial Information (Restated Consolidated)

Atmastco Limited's revenue increased by 156.43% and profit after tax (PAT) rose by 295.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	24,391.56	23,620.72	13,273.94	12,036.21
Revenue	6,700.16	24,278.76	9,468.14	6,990.68
Profit After Tax	628.74	1,277.75	323.00	60.46
Net Worth	6,259.03	5,520.33	4,235.23	3,912.23
Reserves and Surplus	4,763.72	4,039.20	2,754.10	2,431.10
Total Borrowing	7,317.46	7,125.68	5,155.92	5,410.48
Amount in ₹ Lakhs

Trust Fintech Limited Financial Information (Restated Standalone)

Trust Fintech Limited's revenue increased by 26.12% and profit after tax (PAT) rose by 200.92% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,989.43	3,118.89	1,958.72	1,590.01
Revenue	1,883.13	2,270.19	1,800.00	2,417.94
Profit After Tax	727.95	402.21	133.66	219.66
Net Worth	3,446.55	2,718.60	1,516.39	1,382.73
Reserves and Surplus	2,928.06	2,200.11	997.90	864.25
Total Borrowing	-34.32	-3.80	118.69	-44.34
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.39%

93.51%

Promoter Shareholding (Post-Issue)

68.43%

68.85%

P/E Ratio

11.6

44.05

Market Cap

₹190.46 Cr.

₹240.63 Cr.

ROE

23.15%%

23.61%%

ROCE

29.91%%

28.54%%

Debt/Equity

0.48

EPS

₹6.64

₹2.29

RoNW

23.15%%

27.51%%

Shares Offered

In the Atmastco IPO retail investors (RII) are offered 34,69,600 shares while in Trust Fintech IPO retail investors are offered 34,69,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Atmastco IPO and 11,92,800 shares in Trust Fintech IPO.

	Atmastco IPO	Trust Fintech IPO
Anchor Investor Reserveration		17,88,000 shares
Market Maker Reserveration	3,66,400 shares	3,18,000 shares
QIB	0 shares	11,92,800 shares
NII	34,69,600 shares	8,95,200 shares
RII	34,69,600 shares	20,88,000 shares
Employee	0 shares	0 shares
Others
Total	69,39,200 shares	41,76,000 shares

Bids Received (Subscription)

Atmastco IPO subscribed 17.61x in total, whereas Trust Fintech IPO subscribed 108.63x.

	Atmastco IPO	Trust Fintech IPO
QIB (times)		65.38x
NII (times)	14.92x	244.48x
Big NII (times)
Small NII (times)
RII (times)	18.24x	75.10x
Employee (times)
Other (times)
Total (times)	17.61x	108.63x

Compare with others

Atmastco IPO	Trust Fintech IPO
Deem Roll Tech IPO	Purv Flexipack IPO
Zenith Drugs IPO	Sadhav Shipping IPO
Esconet Technologies IPO	Deem Roll Tech IPO
Trust Fintech IPO	Zenith Drugs IPO
Interiors and More IPO	Esconet Technologies IPO
Thaai Casting IPO	Interiors and More IPO
Kalahridhaan Trendz IPO	Atmastco IPO
Polysil Irrigation Systems IPO	Thaai Casting IPO
Rudra Gas Enterprise IPO	Kalahridhaan Trendz IPO
WTI Cabs IPO	Polysil Irrigation Systems IPO

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