Trident Techlabs IPO is a book built issue of Rs 16.03 crores. The issue is entirely a fresh issue of 45.8 lakh shares.
Trident Techlabs IPO opens for subscription on December 21, 2023 and closes on December 26, 2023. The allotment for the Trident Techlabs IPO is expected to be finalized on Wednesday, December 27, 2023. Trident Techlabs IPO will list on NSE SME with tentative listing date fixed as Friday, December 29, 2023.
Trident Techlabs IPO price band is set at ₹33 to ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹280,000.
GYR Capital Advisors Private Limited is the book running lead manager of the Trident Techlabs IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Trident Techlabs IPO is Giriraj Stock Broking.
Refer to Trident Techlabs IPO RHP for detailed information.
Trident Techlabs IPO Details
| IPO Date | December 21, 2023 to December 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,580,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 4,580,000 shares (aggregating up to ₹16.03 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,701,064 |
| Share holding post issue | 17,281,064 |
| Market Maker portion | 360,000 shares Giriraj Stock Broking |
Trident Techlabs IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Trident Techlabs IPO Anchor Investors Details
Trident Techlabs IPO raises Rs 4.21 crore from anchor investors. Trident Techlabs IPO Anchor bid date is December 20, 2023.
| Bid Date | December 20, 2023 |
| Shares Offered | 1,204,000 |
| Anchor Portion Size (In Cr.) | 4.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | February 7, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 1, 2024 |
Trident Techlabs IPO Timeline (Tentative Schedule)
Trident Techlabs IPO opens on December 21, 2023, and closes on December 26, 2023.
| IPO Open Date | Thursday, December 21, 2023 |
| IPO Close Date | Tuesday, December 26, 2023 |
| Basis of Allotment | Wednesday, December 27, 2023 |
| Initiation of Refunds | Thursday, December 28, 2023 |
| Credit of Shares to Demat | Thursday, December 28, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2023 |
Trident Techlabs IPO Lot Size
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |
| Lot Size Calculator |
Trident Techlabs IPO Promoter Holding
The promoters of the company are being Mr Sukesh Chandra Naithani and Mr. Praveen Kapoor
| Share Holding Pre Issue | 92.48% |
| Share Holding Post Issue |
About Trident Techlabs Limited
Incorporated in 2000, Trident Techlabs Limited provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor, and power distribution industries.
The company has two verticals:
Engineering Solutions: Consulting and technical services in system-level electronic design, chip-level electronic design, embedded design, hydraulic/pneumatic systems, system modeling, reliability and quality, design automation, power electronics, PCB design, and electromagnetic simulations.
Power System Solutions: providing products and services to power distribution utilities that help them maximize the capacity of aging transmission infrastructure, manage increasing intermittent generation from renewable energy sources, and deploy smart grid technologies that add complexity to transmission investment decisions.
Trident Techlabs employs more than 100 engineers and professionals.
Trident Techlabs Limited Financial Information (Restated)
Trident Techlabs Limited’s revenue increased by 128.4% and profit after tax (PAT) rose by 760.3% 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 | 6,144.08 | 4,981.46 | 5,544.66 | 5,913.69 |
| Revenue | 2,114.33 | 6,824.16 | 2,987.80 | 2,833.98 |
| Profit After Tax | 266.13 | 554.81 | 64.49 | -32.69 |
| Net Worth | 2,470.68 | 1,653.73 | 1,383.57 | 1,318.11 |
| Reserves and Surplus | 1,200.57 | 1,609.86 | 1,055.05 | 990.56 |
| Total Borrowing | 2,532.47 | 2,299.60 | 2,959.99 | 3,044.34 |
| Amount in ₹ Lakhs |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 7.42 |
| ROE | 34.41% |
| ROCE | 23.67% |
| EPS (Rs) | 4.72 |
| RoNW | 28.33% |
Check Trident Techlabs IPO Peer Comparison here.
Objects of the Issue (Trident Techlabs IPO Objectives)
The company proposes to utilise the Net Proceeds towards funding the following objects:
- Funding the working capital requirements of the Company; and
- General corporate purposes.
Trident Techlabs Limited Contact Details
Trident Techlabs Limited
1/18-20, 2 nd floor, White House
Rani Jhansi Road,
New Delhi -110055,
Phone: +91 61811100
Email: compliance@tridenttechlabs.com
Website: https://www.tridenttechlabs.com/
Trident Techlabs IPO Registrar
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues