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 name | Trident Techlabs Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.tridenttechlabs.com/ |
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 date | 21 December 2023 |
| IPO Closing | 26 December 2023 |
| Basis of Allotment | 27 December 2023 |
| Initiation Refund | 28 December 2023 |
| Credit to Demat Account | 28 December 2023 |
| Listing Date | 29 December 2023 |
Trident Techlabs IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹16.03 Cr – 4,580,000 shares |
| Fresh Issue | ₹16.03 Cr – 4,580,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹33 to ₹35 per share |
| Lot size | 4000 Shares |
| Market Maker portion | 360,000 shares |
| Shareholding pre-issue | 12,701,064 |
| Shareholding post-issue | 17,281,064 |
| Listing Exchange | NSE SME |
Trident Techlabs IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |
Trident Techlabs IPO Reservation Details
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,204,000 (26.29%) |
| Market Maker Shares Offered | 360,000 (7.86%) |
| QIB Shares Offered | 804,000 (17.55%) |
| NII (HNI) Shares Offered | 664,000 (14.50%) |
| Retail Shares Offered | 1,548,000 (33.80%) |
| Total Shares Offered | 4,580,000 (100%) |
Trident Techlabs Financial Performance
| FY 2021 | FY 2022 | FY 2023 | 7M FY 2024 | |
| Revenue | 28.20 | 29.74 | 67.35 | 21.02 |
| Expenses | 28.74 | 28.98 | 60.77 | 17.55 |
| Net income | (0.33) | 0.65 | 5.55 | 2.66 |
Trident Techlabs Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 0.60 | 2.34 | 4.72 |
| PE ratio | – | – | 6.99 – 7.42 |
| RONW (%) | 1.27 | 4.73 | 29.36 |
| NAV | 47.13 | 49.47 | 67.56 |
| ROCE (%) | 8.85 | 8.25 | 23.67 |
| EBITDA (%) | 17.54 | 15.13 | 15.86 |
| Debt/Equity | 0.66 | 1.32 | 0.84 |
Company Promoters
- Mr Sukesh Chandra Naithani
- Mr. Praveen Kapoor
Promoter Holding
| Pre Issue Share Holding | 92.48% |
| Post Issue Share Holding |
Trident Techlabs IPO Lead Manager(s)
GYR CAPITAL ADVISORS PRIVATE LIMITED
428, Gala Empire, Near JB Tower,
Drive in Road, Thaltej
Ahmedabad-380 054, Gujarat, India
Phone:+91 8777564648
Email: info@gyrcapitaladvisors.com
Website: www.gyrcapitaladvisors.com
Trident Techlabs Registrar
MAASHITLA SECURITIES PRIVATE LIMITED
451, Krishna Apra Business Square,
Netaji Subhash Place, Pitampura, Delhi – 110034
Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com
Trident Techlabs Contact Details
TRIDENT TECHLABS LIMITED
1/18-20, 2nd floor, White House,
RaniJhansi Road, New Delhi-110055, India
Phone: +91 61811100-11
E-mail: compliance@tridenttechlabs.com
Website: www.tridenttechlabs.com
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
