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Trident Techlabs IPO is a book build issue of ₹16.03 crores. The issue is entirely a fresh issue of 0.46 crore shares of ₹16.03 crore.
Trident Techlabs IPO bidding started from Dec 21, 2023 and ended on Dec 26, 2023. The allotment for Trident Techlabs IPO was finalized on Dec 27, 2023. The shares got listed on NSE SME on Dec 29, 2023.
Trident Techlabs IPO price band is set at ₹35.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,32,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,80,000.
GYR Capital Advisors Pvt.Ltd. is the book running lead manager and Maashitla Securities Pvt.Ltd. is the registrar of the issue. The market maker of the company is Giriraj Stock Broking Pvt.Ltd..
Refer to Trident Techlabs IPO RHP for detailed Information.
| IPO Date | December 21, 2023 to December 26, 2023 |
| Listing Date | December 29, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹33 to ₹35 per share |
| Issue Price Final | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 45,80,000 shares (aggregating up to ₹16.03 Cr) |
| Reserved for Market Maker | 3,60,000 shares Giriraj Stock Broking Pvt.Ltd. (aggregating up to ₹1.26 Cr) |
| Net Offered to Public | 42,20,000 shares (aggregating up to ₹14.77 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,27,01,064 shares |
| Share Holding Post Issue | 1,72,81,064 shares |
Trident Techlabs IPO offers total 45,80,000 shares. Out of which 20,08,000 (43.84%) allocated to QIB, 8,04,000 (17.55%) allocated to QIB, 6,64,000 (14.50%) allocated to NII, 15,48,000 (33.80%) allocated to RII and 12,04,000 (26.29%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,60,000 (7.86%) |
| QIB Shares Offered | 20,08,000 (43.84%) |
| − Anchor Investor Shares Offered | 12,04,000 (26.29%) |
| − QIB (Ex. Anchor) Shares Offered | 8,04,000 (17.55%) |
| NII (HNI) Shares Offered | 6,64,000 (14.50%) |
| Retail Shares Offered | 15,48,000 (33.80%) |
| Total Shares Offered | 45,80,000 (100.00%) |
Trident Techlabs IPO raises ₹4.21 crore from anchor investors. Trident Techlabs IPO Anchor bid date is December 20, 2023. Trident Techlabs IPO Anchor Investors list
| Bid Date | December 20, 2023 |
| Shares Offered | 12,04,000 |
| Anchor Portion Size (In Cr.) | 4.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | March 26, 2024 |
Trident Techlabs IPO opens on December 21, 2023, and closes on December 26, 2023.
| IPO Open Date | Thu, Dec 21, 2023 |
| IPO Close Date | Tue, Dec 26, 2023 |
| Tentative Allotment | Wed, Dec 27, 2023 |
| Initiation of Refunds | Thu, Dec 28, 2023 |
| Credit of Shares to Demat | Thu, Dec 28, 2023 |
| Tentative Listing Date | Fri, Dec 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Dec 26, 2023 |
Investors can bid for a minimum of 4,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,40,000 |
| Retail (Max) | 1 | 4,000 | ₹1,40,000 |
| HNI (Min) | 2 | 8,000 | ₹2,80,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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'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 |
| Total Income | 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 | ||||
The market capitalization of Trident Techlabs IPO is ₹60.48 Cr.
| KPI | Values |
|---|---|
| ROE | 34.41% |
| ROCE | 23.67% |
| Debt/Equity | 0.84 |
| RoNW | 29.36% |
The company proposes to utilise the Net Proceeds towards funding the following objects:
[Dilip Davda] The company is a niche player in custom built technology solutions that includes engineering solutions and power system solutions. The sudden boost in its top and bottom lines raises eyebrows. Based on super FY24 annualized earnings, the issue appears fully priced. Well informed investors may park funds for the medium to long term rewards. Read detail review...
| Listing Date | December 29, 2023 |
| BSE Script Code | |
| NSE Symbol | TECHLABS |
| ISIN | INE0QD201012 |
| Final Issue Price | ₹35 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹98.15 |
| Low | ₹93.25 |
| High | ₹103.05 |
| Last Trade | ₹103.05 |
Trident Techlabs Ltd.
1/18-20,
2nd floor, White House
Rani Jhansi Road,
Delhi, New Delhi, 110055
Phone: +91 61811100
Email: compliance@tridenttechlabs.com
Website: https://www.tridenttechlabs.com/
Maashitla Securities Pvt.Ltd.
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
Trident Techlabs IPO is a SME IPO of 45,80,000 equity shares of the face value of ₹10 aggregating up to ₹16.03 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on December 21, 2023, and closes on December 26, 2023.
Maashitla Securities Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Trident Techlabs IPO using UPI as a payment gateway. Zerodha customers can apply in Trident Techlabs IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Trident Techlabs IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Trident Techlabs IPO opens on December 21, 2023 and closes on December 26, 2023.
Trident Techlabs IPO lot size is 4000, and the minimum amount required for application is ₹1,40,000.
You can apply in Trident Techlabs IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Trident Techlabs IPO will be done on Wednesday, December 27, 2023, and the allotted shares will be credited to your demat account by Thursday, December 28, 2023. Check the Trident Techlabs IPO allotment status.
The Trident Techlabs IPO listing date is on Friday, December 29, 2023.
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