Trident Lifeline IPO vs Vital Chemtech IPO

Comparision between Trident Lifeline IPO and Vital Chemtech IPO.

IPO Details

Trident Lifeline IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Vital Chemtech IPO is a SME Book Built Issue proposed to list at NSE SME.

	Trident Lifeline IPO	Vital Chemtech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker		Sunflower 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 Trident Lifeline IPO is up to ₹35.34 Cr whereas the issue size of the Vital Chemtech IPO is up to ₹64.64 Cr. The final issue price of Trident Lifeline IPO is ₹101.00 per share and of Vital Chemtech IPO is ₹101.00 per share.

	Trident Lifeline IPO	Vital Chemtech 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)	₹101.00 per share	₹101.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	34,99,200 shares	64,00,000 shares
Fresh Issue Size (Amount)	up to ₹35.34 Cr	up to ₹64.64 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,99,200 shares	64,00,000 shares
Issue Size Total (Amount)	up to ₹35.34 Cr	up to ₹64.64 Cr

IPO Timetable

Trident Lifeline IPO opens on Sep 26, 2022, while Vital Chemtech IPO opens on Oct 31, 2022. The closing date of Trident Lifeline IPO and Vital Chemtech IPO is Sep 29, 2022, and Nov 03, 2022, respectively.

	Trident Lifeline IPO	Vital Chemtech IPO
Anchor Bid Date
Issue Open	Sep 26, 2022	Oct 31, 2022
Issue Close	Sep 29, 2022	Nov 03, 2022
Basis Of Allotment (Tentative)	Oct 04, 2022	Nov 09, 2022
Initiation of Refunds (Tentative)	Oct 06, 2022	Nov 10, 2022
Credit of Share (Tentative)	Oct 07, 2022	Nov 11, 2022
Listing date (Tentative)	Oct 10, 2022	Nov 14, 2022
Anchor Lockin End date 1	Nov 03, 2022	Dec 09, 2022
Anchor Lockin End date 2	Jan 02, 2023	Feb 07, 2023

Financials

Trident Lifeline IPO P/E ratio is 51.53, as compared to Vital Chemtech IPO P/E ratio of 14.94.

Trident Lifeline IPO

Vital Chemtech IPO

Financial

Trident Lifeline Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth
31-Mar-20	638.92	500.71	-79.63	-300.03
31-Mar-21	1144.41	978.13	63.23	-47.07
31-Mar-22	1385.98	2237.14	227.32	480.25
Amount in ₹ Lakhs

Vital Chemtech Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2318.61	4161.24	105.38	303.75	0	953.91
31-Mar-21	3041.34	4768.46	293.78	597.52	0	1005.86
24-Nov-21	6408.9	8604.27	784.5	672.06	0	1636.22
31-Mar-22	8093.71	5786.96	670.94	1337.32	670.94	3500.09
30-Apr-22	8991.92	1080.07	135.18	1472.5	806.12	3418.84
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

99.99%

Promoter Shareholding (Post-Issue)

69.57%

P/E Ratio

51.53

14.94

Market Cap

₹116.14 Cr.

₹241.91 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Trident Lifeline IPO retail investors (RII) are offered 16,62,000 shares while in Vital Chemtech IPO retail investors are offered 16,62,000 shares. Qualified institutional buyers (QIB) are offered in Trident Lifeline IPO and 30,37,600 shares in Vital Chemtech IPO.

	Trident Lifeline IPO	Vital Chemtech IPO
Anchor Investor Reserveration		18,18,000 shares
Market Maker Reserveration	1,75,200 shares	3,20,400 shares
QIB		30,37,600 shares
NII	16,62,000 shares	9,12,000 shares
RII	16,62,000 shares	21,30,000 shares
Employee
Others
Total	33,24,000 shares	60,79,600 shares

Bids Received (Subscription)

Trident Lifeline IPO subscribed 1.34x in total, whereas Vital Chemtech IPO subscribed 79.33x.

	Trident Lifeline IPO	Vital Chemtech IPO
QIB (times)		15.48x
NII (times)	1.69x	204.05x
Big NII (times)
Small NII (times)
RII (times)	0.98x	116.98x
Employee (times)
Other (times)
Total (times)	1.34x	79.33x

Compare with others

Trident Lifeline IPO	Vital Chemtech IPO
Vital Chemtech IPO	Amiable Logistics IPO
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Cargotrans Maritime IPO	Pace E-Commerce Ventures IPO
Vedant Asset IPO	Swastik Pipe IPO
Cargosol Logistics IPO	Trident Lifeline IPO

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