Kalahridhaan Trendz IPO vs Trust Fintech IPO

Comparision between Kalahridhaan Trendz IPO and Trust Fintech IPO.

IPO Details

Kalahridhaan Trendz 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.

	Kalahridhaan Trendz 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	Interactive Financial Services Ltd	Corporate Capitalventures Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking 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 Kalahridhaan Trendz IPO is up to ₹22.49 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Kalahridhaan Trendz IPO is ₹45.00 per share and of Trust Fintech IPO is ₹101.00 per share.

	Kalahridhaan Trendz 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)	₹45.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	49,98,000 shares	62,82,000 shares
Fresh Issue Size (Amount)	up to ₹22.49 Cr	up to ₹63.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,98,000 shares	62,82,000 shares
Issue Size Total (Amount)	up to ₹22.49 Cr	up to ₹63.45 Cr

IPO Timetable

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

	Kalahridhaan Trendz 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

Kalahridhaan Trendz IPO P/E ratio is 8.24, as compared to Trust Fintech IPO P/E ratio of 44.05.

Kalahridhaan Trendz IPO

Trust Fintech IPO

Financial

Kalahridhaan Trendz Limited Financial Information (Restated)

Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% 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	10,979.30	10,962.55	10,297.94	5,979.36
Revenue	8,434.54	18,417.01	18,390.46	13,235.91
Profit After Tax	478.72	666.01	246.20	110.54
Net Worth	2,290.94	1,202.78	536.77	290.56
Reserves and Surplus	1,072.04	1,202.78	536.77	290.56
Total Borrowing	6,702.43	6,105.33	5,249.90	3,145.56
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)

96.22%

93.51%

Promoter Shareholding (Post-Issue)

68.24%

68.85%

P/E Ratio

8.24

44.05

Market Cap

₹77.34 Cr.

₹240.63 Cr.

ROE

42.09%%

23.61%%

ROCE

17.39%%

28.54%%

Debt/Equity

3.19

EPS

₹5.46

₹2.29

RoNW

36.75%%

27.51%%

Shares Offered

In the Kalahridhaan Trendz IPO retail investors (RII) are offered 23,73,000 shares while in Trust Fintech IPO retail investors are offered 23,73,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Kalahridhaan Trendz IPO and 11,92,800 shares in Trust Fintech IPO.

	Kalahridhaan Trendz IPO	Trust Fintech IPO
Anchor Investor Reserveration		17,88,000 shares
Market Maker Reserveration	2,52,000 shares	3,18,000 shares
QIB	0 shares	11,92,800 shares
NII	23,73,000 shares	8,95,200 shares
RII	23,73,000 shares	20,88,000 shares
Employee	0 shares	0 shares
Others
Total	47,46,000 shares	41,76,000 shares

Bids Received (Subscription)

Kalahridhaan Trendz IPO subscribed 8.15x in total, whereas Trust Fintech IPO subscribed 108.63x.

	Kalahridhaan Trendz IPO	Trust Fintech IPO
QIB (times)		65.38x
NII (times)	6.66x	244.48x
Big NII (times)
Small NII (times)
RII (times)	9.63x	75.10x
Employee (times)
Other (times)
Total (times)	8.15x	108.63x

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