Trident Techlabs Limited IPO Detail
Incorporated in May 2000 Trident Techlabs primarily has two divisions.
(i) Engineering Solutions Division: The Engineering Solutions Division provides custom technology solutions to companies in the aerospace, defense, automotive, telecommunications, semiconductor and power distribution industries. The Engineering Solutions portfolio offers a comprehensive range of products and services. These include electronic system and chip designs, embedded designs, hydraulic and pneumatic systems, system modeling, reliability and quality, design automation, power electronics, PCB design and electromagnetic simulations.
(ii) Power Solutions division: The company offers a range of services to improve the efficiency and reliability of power transmission and distribution systems. The company offers GPS-based grid mapping and the creation of a geographic information system. In addition, the company offers consulting services to improve the overall functionality of the systems. The company has a nationwide network of offices and a team of over 100 engineers and professionals providing technical solutions to customers in India and abroad. The company provides services to customers from over 300 organizations in Engineering Solutions and more than 150 organizations in Power Systems Solutions. These clients are located in India and other parts of the world such as South East Asia, Middle East, China, Bangladesh and Sri Lanka.
(i) Engineering Solutions Division: The Engineering Solutions Division provides custom technology solutions to companies in the aerospace, defense, automotive, telecommunications, semiconductor and power distribution industries. The Engineering Solutions portfolio offers a comprehensive range of products and services. These include electronic system and chip designs, embedded designs, hydraulic and pneumatic systems, system modeling, reliability and quality, design automation, power electronics, PCB design and electromagnetic simulations.
(ii) Power Solutions division: The company offers a range of services to improve the efficiency and reliability of power transmission and distribution systems. The company offers GPS-based grid mapping and the creation of a geographic information system. In addition, the company offers consulting services to improve the overall functionality of the systems. The company has a nationwide network of offices and a team of over 100 engineers and professionals providing technical solutions to customers in India and abroad. The company provides services to customers from over 300 organizations in Engineering Solutions and more than 150 organizations in Power Systems Solutions. These clients are located in India and other parts of the world such as South East Asia, Middle East, China, Bangladesh and Sri Lanka.
Company Promoters
Mr Sukesh Chandra Naithani and Mr. Praveen KapoorIPO Details
| IPO Opening Date | Dec 21, 2023 |
| IPO Closing Date | Dec 26, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹33 - 35 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹16.03 Cr |
| Fresh Issue | ₹16.03 Cr |
| Offer for Sale | - |
| Retail Portion | 35% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 1.05x | - | - | 16.83x | 65.42x | 37.56x |
| Day 2 | 3.07x | - | - | 68.83x | 204.78x | 121.07x |
| Day 3 | 117.91x | - | - | 854.37x | 1,059.43x | 660.77x |
IPO Tentative Timetable
The Trident Techlabs Limited IPO open date is Dec 21, 2023, and the close date is Dec 26, 2023. The issue may list on Dec 29, 2023.
| IPO Open Date | Dec 21, 2023 |
| IPO Close Date | Dec 26, 2023 |
| Basis of Allotment Date | Dec 27, 2023 |
| Initiation of Refunds | Dec 28, 2023 |
| Credit of Shares to Demat Account | Dec 28, 2023 |
| IPO Listing Date | Dec 29, 2023 |
IPO Lot Size
The Trident Techlabs Limited IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹140000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹140000 |
| Maximum | 1 | 4000 | ₹140000 |
IPO Promoter Holding
| Pre Issue Share Holding | 92.48% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 5897.08 | 2833.98 | 16.70 |
| 31-Mar-22 | 5527.72 | 2987.80 | 65.47 |
| 31-Mar-23 | 4966.90 | 6823.24 | 547.76 |
Objects of the Issue:
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 IPO Registrar:
Maashitla Securities Pvt. Limited
Trident Techlabs Limited IPO Lead Manager(s):
GYR Capital Advisors Private Limited
Company Contact Information:
Trident Techlabs Limited
1/18-20, 2 nd floor, White House
Rani Jhansi Road,
New Delhi -110055,
