Trident Techlabs was incorporated on May 9, 2000. The company offers custom-built technology solutions to corporates in the aerospace, defence, automotive, telecom, semiconductor and power distribution sectors. It has two business verticals, i.e. engineering solutions and power system solutions.
| Bidding Dates |
|---|
| 21 Dec 2023 - 26 Dec 2023 |
| Subscription |
|---|
| 502.64x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 4000 | 4.6 M | ₹33 - ₹35 | 67.69 % | ₹151.1 M - ₹160.3 M | RHP DOC |
Trident Techlabs IPO SUBSCRIPTION STATUS
26 Dec '23Trident Techlabs IPO overall subscription rate was 502.64 times the total available shares
Trident Techlabs IPO retail subscription rate was 1023.08 times in the retail segment
Trident Techlabs IPO non-institutional investor subscription rate was 825.77 times in the non-institutional investor category
Trident Techlabs IPO Qualified Institutional Bidder subscription rate was 41.4 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
26 Dec 2023 (Day 3) | 1023.08x | 825.77x | 41.4x |
22 Dec 2023 (Day 2) | 193.34x | 66.18x | 1.08x |
21 Dec 2023 (Day 1) | 80.59x | 21.49x | 0.5x |
Trident Techlabs FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) | Margins |
| 7MFY24 | 26.6 | 210.2 | 76.1 | 74.8 | 25.9% |
| FY23 | 54.8 | 673.5 | 100.4 | 92.3 | 15.9% |
| FY22 | 6.5 | 297.4 | 24.4 | 24.1 | 15.8% |
| FY21 | 1.7 | 282.0 | -32.1 | -32.2 | 18.7% |
Trident Techlabs IPO SUBSCRIPTION STATUS DETAILS
Trident Techlabs had 4.6 M shares on offer
Trident Techlabs IPO offer price was in the range ₹33 - ₹35
Trident Techlabs IPO minimum Investment was ₹132000
Trident Techlabs IPO issue size was ₹ 151.1 M - ₹ 160.3 M
Trident Techlabs had a minimum lot size of 4000 Shares per application
Trident Techlabs NUMBER OF SHARES ON OFFER
Trident Techlabs IPO IMPORTANT DATES
| Issue Open Date | 21 Dec 2023 |
| Issue close Date | 26 Dec 2023 |
| Allotment Date | 27 Dec 2023 |
| Refund Date | 28 Dec 2023 |
| Demat Account Credit Date | 28 Dec 2023 |
| Listing Date | 29 Dec 2023 |
| Listing on Exchange(s) | NSE |
| Trident Techlabs Allotment Status | Exchange |
Trident Techlabs IPO subscription opened on 21 Dec 2023, and closed on 26 Dec 2023
IPO allotment for Trident Techlabs was finalized on Wednesday, 27 Dec 2023
IPO listing for Trident Techlabs was on NSE on Friday, 29 Dec 2023
Trident Techlabs IPO LISTING GAINS
| Issue Price (adjusted) | 35.0 |
| Listing Open Price | 98.2 |
| Listing Close Price | 103.0 |
| Listing Gain% | 180.4% |
| Current Gain% | 248.3% |
Trident Techlabs Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Trident Techlabs Ltd. | 121.9 | 211.5 | 34.7 | -0.7 | 2.2 | 9.7 | 6.1 | 98.4 | 27.3 | 6.1 | -47.3 | 3.5 | -47 |
| Solar Industries India Ltd. | 18650 | 168764 | 100.6 | 2.6 | 17.2 | 26.7 | 15.4 | 9965.7 | 30.9 | 1677.6 | 38.7 | 185.4 | 38.7 |
| PTC Industries Ltd. | 19076 | 28599.7 | 281.6 | 4.2 | 47.4 | 6.7 | 5.2 | 643.3 | 88 | 101.6 | 66.4 | 67.7 | 66.4 |
| Inox India Ltd. | 1954.7 | 17741.5 | 69.6 | 8 | 11 | 23.1 | 12.8 | 1632.3 | 21.2 | 257.9 | 14.1 | 28.1 | 8.7 |
| Precision Wires India Ltd. | 413.8 | 7564.6 | 48.7 | 0.7 | 1.4 | 20.1 | 6.9 | 5463.4 | 35.4 | 155.3 | 72.4 | 8.5 | 72.4 |
| Kennametal India Ltd. | 3308.6 | 7271.7 | 52.5 | 1.5 | 5.4 | 13.8 | 10.6 | 1184.7 | 6.6 | 102.9 | -6.9 | 63 | 35.9 |
Trident Techlabs INFORMATION ON IPO ISSUE
About Trident Techlabs
Trident Techlabs was incorporated on May 9, 2000. The company offers custom-built technology solutions to corporates in the aerospace, defence, automotive, telecom, semiconductor and power distribution sectors. It has two business verticals, i.e. engineering solutions and power system solutions.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Trident Techlabs - PROMOTERS
| Name |
|---|
| Sukesh Chandra Naithani |
| Praveen Kapoor |
Trident Techlabs Lead Manager of the Issue
GYR Capital Advisors Private Limited
info@gyrcapitaladvisors.com
Trident Techlabs Registrar to the issue
Maashitla Securities Private Limited
ipo@maashitla.com
Trident Techlabs Strengths
Wide product portfolio
The company has a wide portfolio of customised products, tools and services
Strong and customer-centric support services
The company provides strong and customer-centric support services to its clients through bespoke training programmes for its clients' engineers to ensure optimal return on their investment
360-degree knowledge
The company has deep industry experience in various technology sectors like aerospace, defence, automotive, telecom, semiconductor and power distribution
Trident Techlabs Risks
Negative cash flow
The company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on the business
Unsecured loans
The company has availed certain unsecured loans which may be recalled at any time
Legal proceedings
There are outstanding legal proceedings involving the company, which may adversely affect its business, financial condition and results of operations
IPO FAQs
The promoters of the company are Sukesh Chandra Naithani and Praveen Kapoor.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 33.0 - 35.0.
The IPO application opens on Dec 21, 2023 and closes on Dec 26, 2023.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 140,000.0.
This IPO will be allotted on Dec 27, 2023.
The refund will be credited to your account on Dec 28, 2023.
The allotted shares will be credited to your demat on Dec 28, 2023.
Trident Techlabs Ltd.’s shares listed on the stock exchanges on Dec 29, 2023.