Thaai Casting IPO vs Trust Fintech IPO

Comparision between Thaai Casting IPO and Trust Fintech IPO.

IPO Details

Thaai Casting 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.

	Thaai Casting IPO	Trust Fintech 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	GYR Capital Advisors Private Limited	Corporate Capitalventures Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Ss Corporate Securities 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 Thaai Casting IPO is up to ₹47.20 Cr whereas the issue size of the Trust Fintech IPO is up to ₹63.45 Cr. The final issue price of Thaai Casting IPO is ₹77.00 per share and of Trust Fintech IPO is ₹101.00 per share.

	Thaai Casting IPO	Trust Fintech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹73.00 per share	₹95.00 per share
Issue Price (Upper)	₹77.00 per share	₹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	61,29,600 shares	62,82,000 shares
Fresh Issue Size (Amount)	up to ₹47.20 Cr	up to ₹63.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	61,29,600 shares	62,82,000 shares
Issue Size Total (Amount)	up to ₹47.20 Cr	up to ₹63.45 Cr

IPO Timetable

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

	Thaai Casting IPO	Trust Fintech IPO
Anchor Bid Date	Feb 14, 2024	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 21, 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	Mar 21, 2024	May 02, 2024
Anchor Lockin End date 2	May 20, 2024	Jul 01, 2024

Financials

Thaai Casting IPO P/E ratio is 25.99, as compared to Trust Fintech IPO P/E ratio of 44.05.

Thaai Casting IPO

Trust Fintech IPO

Financial

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,638.25	5,498.52	3,752.29	2,379.19
Revenue	4,848.91	4,911.64	3,841.94	2,048.70
Profit After Tax	860.93	503.71	115.40	40.33
Net Worth	4,116.94	1,617.31	894.84	473.46
Reserves and Surplus	620.78
Total Borrowing	7,830.03	2,985.10	2,351.15	1,313.51
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)

86.50%

93.51%

Promoter Shareholding (Post-Issue)

68.85%

P/E Ratio

25.99

44.05

Market Cap

₹178.10 Cr.

₹240.63 Cr.

ROE

23.61%%

ROCE

13%%

28.54%%

Debt/Equity

1.85

EPS

₹2.96

₹2.29

RoNW

40.10%%

27.51%%

Shares Offered

In the Thaai Casting IPO retail investors (RII) are offered 20,24,000 shares while in Trust Fintech IPO retail investors are offered 20,24,000 shares. Qualified institutional buyers (QIB) are offered 11,56,800 shares in Thaai Casting IPO and 11,92,800 shares in Trust Fintech IPO.

	Thaai Casting IPO	Trust Fintech IPO
Anchor Investor Reserveration	17,34,400 shares	17,88,000 shares
Market Maker Reserveration	3,47,200 shares	3,18,000 shares
QIB	11,56,800 shares	11,92,800 shares
NII	8,67,200 shares	8,95,200 shares
RII	20,24,000 shares	20,88,000 shares
Employee	0 shares	0 shares
Others
Total	40,48,000 shares	41,76,000 shares

Bids Received (Subscription)

Thaai Casting IPO subscribed 375.43x in total, whereas Trust Fintech IPO subscribed 108.63x.

	Thaai Casting IPO	Trust Fintech IPO
QIB (times)	144.43x	65.38x
NII (times)	729.72x	244.48x
Big NII (times)
Small NII (times)
RII (times)	355.66x	75.10x
Employee (times)
Other (times)
Total (times)	375.43x	108.63x

Compare with others

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

Comments

Add a public comment...