The Trident Techlabs Limited IPO is poised to open its subscription window from December 21st to December 26th, 2023. Focused on delivering tailor-made technology solutions, the company's offering entails a fresh issue of 4,580,000 shares valued at Rs. 16.03 crore. Share allotment is scheduled for December 27th, with the IPO slated for listing on stock exchanges by December 29th.
With a price band set between Rs. 33 to Rs. 35 per share and a lot size established at 4000 shares, this IPO provides an opportunity for potential investors to partake in the company's growth trajectory.
Handling the book-running lead management for this IPO is GYR Capital Advisors Private Limited, while Maashitla Securities Private Limited assumes the crucial role of registrar, ensuring a seamless execution of this public offering. The Trident Techlabs Limited IPO not only signifies the company's expansion but also presents an investment avenue within the realm of technology solutions.
Established in 2000, Trident Techlabs Limited specializes in delivering bespoke technology solutions across diverse sectors such as aerospace, defence, automotive, telecom, semiconductor, and power distribution industries.
Operating within two distinct business segments:
1. Engineering Solutions: Encompasses a spectrum of services including system-level electronics design, chip-level electronics design, embedded design, hydraulics/pneumatics system development, system modeling, reliability and quality assessments, design automation, power electronics, PCB designing, and electromagnetic simulations.
2. Power System Solutions: Focuses on optimizing aging transmission infrastructure, managing escalating levels of intermittent renewable generation, and implementing Smart Grid technologies.
With years of industry expertise, Trident Techlabs leverages a comprehensive understanding of technology's role in business operations. Embracing a holistic approach encapsulated by their 360-degree view of "Business through Technology," the company aids enterprises in enhancing their operational efficiency. This strategic alignment between technology and business objectives underscores Trident Techlabs' commitment to driving efficiency and innovation across industries.
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Trident Techlabs Limited is gearing up for its IPO scheduled to be available for subscription from December 21st to December 26th, 2023. Allocation of shares is set for December 27th, 2023, with the IPO slated for listing on the stock exchanges on December 29th, 2023.
IPO Opening Date: The IPO subscription for Trident Techlabs Limited begins on Thursday, December 21, 2023.
IPO Closing Date: Investors can subscribe to the IPO until Tuesday, December 26, 2023.
Basis of Allotment: The basis of allotment for the IPO will be determined on Wednesday, December 27, 2023.
Initiation of Refunds: Refunds for the IPO will be initiated starting Thursday, December 28, 2023.
Credit of Shares to Demat: Share allotments will be credited to Demat accounts on Thursday, December 28, 2023.
Listing Date: Trident Techlabs Limited's IPO is set to be listed on Friday, December 29, 2023.
Cut-off Time for UPI Mandate Confirmation: The deadline for confirming UPI mandates is 5 PM on December 26, 2023, ensuring timely processing for interested investors.
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| IPO Date | 21st to 26th December 2023 |
| Listing Date | 29th December 2023 |
| Face Value | Rs. 10 per share |
| Price Band | Rs. 33 to Rs. 35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,580,000 shares (aggregating up to Rs. 16.03 Cr) |
| Fresh Issue | 4,580,000 shares (aggregating up to Rs. 16.03 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 12,701,064 |
| Share holding post issue | 17,281,064 |
| Market Maker portion | 360,000 shares |
Trident Techlabs Ltd. witnessed a remarkable 128.4% revenue surge and an impressive 760.3% rise in profit after tax (PAT) from March 31, 2022, to March 31, 2023, showcasing substantial financial growth within the fiscal year.
| 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 |
| Revenue | 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 Rs. Lakhs | ||||
What is Trident Techlabs IPO?
The Trident Techlabs IPO comprises 4,580,000 equity shares at Rs. 10 face value, totaling Rs. 16.03 Crores. Priced between Rs. 33 to Rs. 35 per share, the minimum order quantity stands at 4000 shares. Opening on December 21, 2023, the IPO subscription window concludes on December 26, 2023.
When Trident Techlabs IPO will open for apply?
The Trident Techlabs IPO is scheduled to open for application on December 21, 2023.
What are the minimum lot size and investment needed for participating in the Trident Techlabs IPO?
The Trident Techlabs IPO mandates a minimum lot size of 4000 shares, necessitating an investment totaling Rs. 1,32,000.
When is Trident Techlabs IPO allotment date?
The allotment date for the Trident Techlabs IPO is expected to be finalized on Wednesday, December 27, 2023.
What is the Trident Techlabs IPO listing date?
The Trident Techlabs IPO is anticipated to be listed on the NSE SME platform with a tentative listing date set for Friday, December 29, 2023.
What is the price band of Trident Techlabs IPO?
The price band for the Trident Techlabs IPO is set between Rs. 33 to Rs. 35 per share.
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