Bookbuilding IPO | ₹16 Cr | Listed at NSE SME | Thu, Dec 21, 2023 - Tue, Dec 26, 2023
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 per share. The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,40,000 (4000 shares) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Dec 21, 2023
IPO Close
Tue, Dec 26, 2023
Issue Price
₹35 per share
Market Cap (Pre-IPO)
₹60.48 Cr
| IPO Date | 21 to 26 Dec, 2023 |
| Listed on | Fri, Dec 29, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 |
| Issue Price | ₹35 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 45,80,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 3,60,000 shares Giriraj Stock Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 42,20,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 42,20,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 1,27,01,064 shares |
| Share Holding Post Issue | 1,72,81,064 shares |
| NSE Symbol | TECHLABS |
| ISIN | INE0QD201012 |
Trident Techlabs IPO comprises a total issue size of 45,80,000 shares. The net offer to the public is 42,20,000 shares, after excluding 3,60,000 shares allotted on a firm basis. Of the Net offer 20,08,000 (47.58%) are allocated to QIB, 6,64,000 (15.73%) allocated to NII 15,48,000 (36.68%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 20,08,000 | 47.58% | 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 | 15.73% | 14.50% |
| Retail Shares Offered | 15,48,000 | 36.68% | 33.80% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,60,000 | 7.86% | |
| Total Shares Offered | 45,80,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| 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 |
Trident Techlabs IPO raises ₹4.21 crore from anchor investors. Trident Techlabs IPO Anchor bid date is December 20, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Dec 20, 2023 |
| Shares Offered | 12,04,000 |
| Anchor Portion (₹ Cr.) | 4.21 |
| Anchor lock-in period end date for 50% shares (30 Days) | Fri, Jan 26, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Tue, Mar 26, 2024 |
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.
| Period Ended | 31 Oct 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|---|
| Assets | 61.44 | 49.81 | 55.45 | 59.14 |
| Total Income | 21.14 | 68.24 | 29.88 | 28.34 |
| Profit After Tax | 2.66 | 5.55 | 0.64 | -0.33 |
| NET Worth | 24.71 | 16.54 | 13.84 | 13.18 |
| Reserves and Surplus | 12.01 | 16.10 | 10.55 | 9.91 |
| Total Borrowing | 25.32 | 23.00 | 29.60 | 30.44 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working capital requirements of the Company | 12.00 |
| 2 | General corporate purposes | 2.46 |
| KPI | |
|---|---|
| ROE | 34.41% |
| ROCE | 23.67% |
| Debt/Equity | 0.84 |
| RoNW | 29.36% |
| PAT Margin | 8.24% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.72 | |
| P/E (x) | 7.42 | 13.62 |
| Promoter Holding | 92.48% | |
| Market Cap | ₹60.48 Cr. |
The Trident Techlabs IPO is subscribed 763.3 times on December 26, 2023 6:48:00 PM (Day 3). The public issue subscribed 1,059.43 times in the retail category, 117.91 times in the QIB category, and 854.37 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 117.91 | 8,04,000 | 9,48,00,000 |
| NII* | 854.37 | 6,64,000 | 56,73,04,000 |
| Retail | 1,059.43 | 15,48,000 | 1,63,99,96,000 |
| Total | 763.3 | 30,16,000 | 2,30,21,00,000 |
Total Application : 4,09,999
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Underwriting fees and payment to other intermediaries such as Legal Advisors, Registrars and other out of pocket expenses | 0.25 |
| 2 | Advertising and Marketing Expenses | 0.03 |
| 3 | Fees payable to the stock exchange(s) | 0.06 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.02 |
| 5 | Brokerage and selling commission | 0.01 |
| 6 | Underwriting Commission | 0.80 |
| 7 | ROC Fees | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹35.00 |
| Open | ₹98.15 |
| Low | ₹93.25 |
| High | ₹103.05 |
| Last Trade | ₹103.05 |
Lead Manager Reports
Trident Techlabs IPO is a SME IPO of 45,80,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹35 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Dec 21, 2023, and closes on Tue, Dec 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 Thu, Dec 21, 2023 and closes on Tue, Dec 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 Thu, Dec 28, 2023. Check the Trident Techlabs IPO allotment status.
The Trident Techlabs IPO listing date is on Fri, Dec 29, 2023.
