Trident Techlabs IPO

Trident Techlabs IPO will open for subscription from 21 December 2023. The company aims for an issue size of ₹16.03 Cr through this IPO.

Company Overview

Full nameTrident Techlabs Limited
SectorInformation Technology
Company Website

About Company

Trident Techlabs provides tailored technological solutions to corporations in the aerospace, defense, automotive, telecom, semiconductor, and power distribution sectors. The organization operates through two business verticals: Engineering Solutions and Power System Solutions. With a workforce exceeding 100 engineers and professionals and a nationwide network of offices, Trident Techlabs delivers technology solutions to clients, serving both domestic and international markets.

The Engineering Solutions portfolio includes a wide range of products and associated services. This encompasses diverse solutions such as system-level electronics design, chip-level electronics design, embedded design, hydraulics/pneumatics systems, system modeling, reliability and quality, design automation, power electronics, PCB designing, and electromagnetic simulations. The Power Solutions portfolio, along with its associated services, aids power distribution utilities in addressing new challenges arising from the dynamic nature of the industry and the growing pressure on network reliability.

Trident Techlabs serves over 300 clients for engineering solutions and over 150 clients for power systems solutions, situated in India, Southeast Asia, the Middle East, China, Bangladesh, and Sri Lanka. Trident Techlabs has collaborated with diverse technology companies in emerging fields like ASIC, FPGA, functional verification, PCB, and thermal analysis. The company provides GPS-based network mapping, creates Geographical Information Systems, and offers consultancy services to enhance the efficiency and reliability of power transmission and distribution systems.

The Objectives of the Issue

  • Funding the working capital requirements of the Company,
  • General corporate purposes.

Trident Techlabs IPO Timetable

IPO Opening date21 December 2023
IPO Closing26 December 2023
Basis of Allotment27 December 2023
Initiation Refund28 December 2023
Credit to Demat Account28 December 2023
Listing Date29 December 2023
(Cut-off time for UPI mandate confirmation – 5 PM on December 26, 2023)

Trident Techlabs IPO details

Issue typeBook Built Issue IPO
IPO issue size₹16.03 Cr – 4,580,000 shares
Fresh Issue₹16.03 Cr – 4,580,000 shares
Offer for saleNil
Face value₹10 per share
Price Band₹33 to ₹35 per share
Lot size4000 Shares
Market Maker portion360,000 shares
Shareholding pre-issue12,701,064
Shareholding post-issue17,281,064
Listing ExchangeNSE SME

Trident Techlabs IPO Lot Size

Retail (Min)14000₹140,000
Retail (Max)14000₹140,000
HNI (Min)28,000₹280,000

Trident Techlabs IPO Reservation Details

Investor CategoryShares Offered
Anchor Investor Shares Offered1,204,000 (26.29%)
Market Maker Shares Offered360,000 (7.86%)
QIB Shares Offered804,000 (17.55%)
NII (HNI) Shares Offered664,000 (14.50%)
Retail Shares Offered1,548,000 (33.80%)
Total Shares Offered4,580,000 (100%)

Trident Techlabs Financial Performance

 FY 2021FY 2022FY 20237M FY 2024
Net income(0.33)0.655.552.66
(Amount in ₹ Crores)

Trident Techlabs Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio6.99 – 7.42
RONW (%)1.274.7329.36
ROCE (%)8.858.2523.67
EBITDA (%)17.5415.1315.86

Company Promoters

  • Mr Sukesh Chandra Naithani
  • Mr. Praveen Kapoor

Promoter Holding

Pre Issue Share Holding92.48%
Post Issue Share Holding

Trident Techlabs IPO Lead Manager(s)

428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648

Trident Techlabs Registrar

451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795

Trident Techlabs Contact Details

1/18-20, 2nd floor, White House,
RaniJhansi Road, New Delhi-110055, India
Phone: +91 61811100-11

Trident Techlabs IPO Allotment Status

Trident Techlabs IPO allotment status will be available on the Maashitla Securities website. Click on Maashitla Securities IPO weblink to get allotment status.

Final thoughts

Trident Techlabs IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.

Happy Investing

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