The Trident Techlabs IPO date has been announced from December 21, 2023 and closes on December 26, 2023.
Using an IPO, Trident Techlabs is seeking to raise Rs 16.03 crores. Its price band is set at ₹33 to ₹35 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹140,000. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹280,000.
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Bidding Dates
December 21-26
Price Range
₹33 to ₹35 per share
Face Value
₹10 per share
GMP
₹40
Trident Techlabs IPO GMP
The Trident Techlabs Limited IPO GMP is ₹40.
IPO Overview
Trident Techlabs’ IPO is a book-built offering worth Rs 16.03 crores. The 45.8 lakh share offering is entirely new. Trident Techlabs’ initial public offering (IPO) begins on December 21, 2023 and concludes on December 26, 2023. The Trident Techlabs IPO allotment is planned to be completed on Wednesday, December 27, 2023. Trident Techlabs’ first public offering (IPO) will be listed on the NSE SME on Friday, December 29, 2023. The Trident Techlabs IPO pricing range is set at 33 to 35 cents per share.
A lot size of 4000 shares is required for an application. Retail investors must make a minimum commitment of $140,000. For HNI, the minimum lot size investment is two lots (8,000 shares) totaling $280,000.Trident Techlabs employs more than 100 engineers and professionals.
Trident Techlabs IPO Details
| IPO Date | December 21, 2023 to December 26, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹33 to ₹35 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 4,580,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 4,580,000 shares (aggregating up to ₹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 Limited Financial Information
| 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 |
Trident Techlabs IPO Timeline
| IPO Open Date | Thursday, December 21, 2023 |
| IPO Close Date | Tuesday, December 26, 2023 |
| Basis of Allotment | Wednesday, December 27, 2023 |
| Initiation of Refunds | Thursday, December 28, 2023 |
| Credit of Shares to Demat | Thursday, December 28, 2023 |
| Listing Date | Friday, December 29, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 26, 2023 |
Company Profile
Trident Techlabs Limited, founded in 2000, delivers technology-based solutions to the aerospace, defence, 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.
Registrar Info
| Name | Maashitla Securities Private Limited |
| Phone number | +91-11-45121795-96 |
| Email ID | ipo@maashitla.com |
| Website | maashitla.com |
Contact Details
| Name | Trident Techlabs Limited |
| Phone number | +91 61811100 |
| Email ID | compliance@tridenttechlabs.com |
| Website | tridenttechlabs.com |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
