Trident Techlabs IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Dec 27, 2023Let’s have a detailed review of the company and analytics of the Trident Techlabs IPO release date, IPO offer price, subscription, Trident Techlabs Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 33 to Rs 35 |
| Listing At | NSE, SME |
| Min. Order Quantity | 4000 Shares |
| Listing Date | December 29, 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1603 Lakh |
| IPO Size | Rs 1603 Lakh |
| Tick Size | 1 |
Trident Techlabs IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Trident Techlabs Share Price |
Trident Techlabs IPO – Summary
They offer custom-built technology solutions to corporates in the aerospace, defence, automotive, telecom, semiconductor and power distribution sectors. Also, they have two business verticals i.e. Engineering Solutions and Power System Solutions.
They deliver winning business outcomes through their deep industry experience and a 360-degree view of “Business through Technology” helping clients create successful and adaptive businesses.
The Promoter of this company is MR. SUKESH CHANDRA NAITHANI AND MR. PRAVEEN KAPOOR. The lead manager of the issue is GYR Capital Advisors Private Limited, and the Registrar of this issue is Maashitla Securities Private Limited.
Trident Techlabs IPO Date
The opening and closing dates of Trident Techlabs IPO are December 21, 2023, and December 26, 2023, respectively.
Trident Techlabs IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 21st Dec | 1.05x | 17.05x | 67.20x | 38.53x |
| 2nd Day – 22nd Dec | 3.07x | 68.83x | 204.78x | 121.07x |
| 3rd Day – 26th Dec | 117.91x | 854.37x | 1,059.43x | 763.30x |
| Shares Offered or Net Issue | 804,000 | 664,000 | 1,548,000 | 4,580,000 |
The shares subscribed by the public will be updated here.
Trident Techlabs IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Trident Techlabs Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | December 27, 2023 |
| Refunds Initiation | December 28, 2023 |
| Credit of Shares to Demat Account | December 28, 2023 |
| Share Listing Date | December 29, 2023 |
Trident Techlabs IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 33 to Rs 35
Trident Techlabs IPO Equity Size
This Initial Public Issue of 4,580,000 Equity Shares of Rs.10 each for cash at a price of Rs 33 to Rs 35 per equity share aggregating to Rs.1603 Lakh.
Trident Techlabs IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 4,580,000 Equity Shares of Rs.10/ each.
Issue Size: 4,580,000 Equity Shares of Rs.10 each, aggregating to Rs.1603 Lakh
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Trident Techlabs IPO – Live Performance
The listing date of this IPO is December 29, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Trident Techlabs Share Price |
Trident Techlabs IPO Grey Market Premium
The Trident Techlabs Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Trident Techlabs IPO – Company Overview
Their Engineering Solutions portfolio of products and related services encompass a diverse spectrum of solutions viz. system-level electronics design, chip-level electronics design, embedded design, hydraulics/ pneumatics system, system modelling, reliability and quality, design automation, power electronics, PCB designing and electromagnetic simulations.
Also, their design services include consulting and engineering services that help companies innovate better, with services spanning the entire product development lifecycle, including strategy and user research, design and engineering, pre-launch testing and post-launch maintenance, and service delivery and optimization.
Their Power Solutions portfolio of products and related services helps power distribution utilities that face new challenges due to the ever-changing nature of the industry and the increasing pressure on network reliability.
Trident Techlabs IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Oct-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 6,144.08 | 4,981.46 | 5,544.66 | 5,913.69 |
| *Total Revenue | 2,114.33 | 6,824.16 | 2,987.80 | 2,833.98 |
| Total Expense | 1,755.30 | 6,076.68 | 2,897.87 | 2,874.18 |
| Profit After Tax | 266.13 | 554.81 | 64.49 | (32.69) |
Earnings per Equity Share (in Lakh)
| 31-Oct-23 | 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 2.23 | 4.72 | 0.55 | (0.28) |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 554.81 Lakh, Rs. 64.49 Lakh and Rs. (32.69) Lakh respectively.
Trident Techlabs IPO – Promoters
The Promoter of this company is:
- MR. SUKESH CHANDRA NAITHANI
- MR. PRAVEEN KAPOOR
List of Related Parties (Key Managerial Personnel)
- Sukesh Chandra Naithani, Executive Director
- Praveen Kapoor, Managing Director
- Sarad Chandra Naithani, Non-Executive Director and Chairman
- Tushar Bhanudas Borole, Non Exceutive Director
Trident Techlabs IPO – Promoters Holding
- Pre-Issue Share Holding – 92.48%
- Post-Issue Share Holding – %
Trident Techlabs IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 45,80,000 Equity Shares aggregating up to Rs.1603 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 3,60,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 42,20,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 15,48,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 6,64,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,27,01,064 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Trident Techlabs IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding the working capital requirements of their Company; and
- General corporate purposes
Trident Techlabs IPO – Business Strategy
- Long-term business strategies of the company
- Industrial solution
- Defence
- Education
- Power
Trident Techlabs IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Scaled platform with a strong track record of growth and market leadership;
- Experienced management team, backed by a strong board and marquee shareholders, along with strong culture of compliance;
- Deeply entrenched, long-standing client relationships with a diversified and expanding client base.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 4.72 | 29.36% | 67.56 |
| 31-Mar-22 | 2.34 | 4.73% | 49.47 |
| Mar-21 | 0.60 | 1.27% | 47.13 |
Trident Techlabs IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Trident Techlabs Limited | 10 | [●] | – | – | – |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Trident Techlabs IPO Lead Managers
| Lead Managers |
| GYR Capital Advisors Private Limited 428, Gala Empire, Near JB Tower, Drive in Road, Thaltej, Ahmedabad-380 054, Gujarat, India. Telephone: +91 8777564648 E-mail Iid: info@gyrcapitaladvisors.com Website: www.gyrcapitaladvisors.com Investor Grievance email: investors@gyrcapitaladvisors.com Contact Person: Mohit Baid SEBI RegistrationNumber: INM000012810 CIN: U67200GJ2017PTC096908 |
Trident Techlabs IPO Registrar to offer
| Registrar to the Offer |
| Maashitla Securities Private Limited 451, Krishna Apra Business Square, Netaji Subhash Place, Pitampura, Delhi -110034, India Telephone: 011-45121795 Email: ipo@maashitla.com Investor Grievance e-mail: ig@maashitla.com Website: www.maashitla.com Contact Person: Mr. Mukul Agarwal SEBI registration number: INR000004370 |
Trident Techlabs IPO – Other Details
- Statutory Auditor – M/s. APV & Associates, Chartered Accountants
- Legal Counsel to the Company – Desai & Diwanji (MSME Division)
- Bankers to the Company – NA
Trident Techlabs IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Trident Techlabs Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Trident Techlabs IPO Review FAQs
Check out various FAQs related to Trident Techlabs IPO:
What is the Issue Size of Trident Techlabs IPO?
The Company is making an initial public offer of 4,580,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Trident Techlabs IPO?
The price band for this particular IPO ranges between Rs 33 to Rs 35. As far as the face value of the share is concerned, it is Rs. 10 per share.
What is the Trident Techlabs IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on December 21, 2023, while the closing date is set at December 26, 2023.
What is the Trident Techlabs IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on December 27, 2023, refund initiation is on December 28, 2023, credit of shares is on December 28, 2023, and share listing date is on December 29, 2023.
What is the Trident Techlabs IPO Listing Date?
Shares of this company shall be listed in the exchanges on December 29, 2023. The date, when the listing would be done, is stagnant on December 29, 2023.
Who is the Registrar of Trident Techlabs IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Maashitla Securities Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Trident Techlabs IPO?
Here are the promoters of this IPO – MR. SUKESH CHANDRA NAITHANI AND MR. PRAVEEN KAPOOR. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Trident Techlabs IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Trident Techlabs IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Trident Techlabs Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 554.81, 2022 is 64.49, and 2021 is (32.69). PAT from Oct 2023 is 266.13.
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