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Trident Techlabs IPO is a book built issue of Rs 16.03 crores. The issue is entirely a fresh issue of 45.8 lakh shares.
Trident Techlabs IPO bidding started from December 21, 2023 and ended on December 26, 2023. The allotment for Trident Techlabs IPO was finalized on Wednesday, December 27, 2023. The shares got listed on NSE SME on December 29, 2023.
Trident Techlabs IPO 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.
GYR Capital Advisors Private Limited is the book running lead manager of the Trident Techlabs IPO, while Maashitla Securities Private Limited is the registrar for the issue. The market maker for Trident Techlabs IPO is Giriraj Stock Broking.
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 |
| 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 Giriraj Stock Broking |
Trident Techlabs IPO offers 4,580,000 shares. 804,000 (17.55%) to QIB, 664,000 (14.50%) to NII, 1,548,000 (33.80%) to RII and 1,204,000 (26.29%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,204,000 (26.29%) |
| Market Maker Shares Offered | 360,000 (7.86%) |
| QIB Shares Offered | 804,000 (17.55%) |
| NII (HNI) Shares Offered | 664,000 (14.50%) |
| Retail Shares Offered | 1,548,000 (33.80%) |
| Total Shares Offered | 4,580,000 (100%) |
Trident Techlabs IPO raises Rs 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 | 1,204,000 |
| 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 | 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 |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹140,000 |
| Retail (Max) | 1 | 4000 | ₹140,000 |
| HNI (Min) | 2 | 8,000 | ₹280,000 |
| Lot Size Calculator | |||
The promoters of the company are being Mr Sukesh Chandra Naithani and Mr. Praveen Kapoor
| Share Holding Pre Issue | 92.48% |
| 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 |
| 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 ₹ Lakhs | ||||
The market capitalization of Trident Techlabs IPO is Rs 60.48 Cr.
| KPI | Values |
|---|---|
| ROE | 34.41% |
| ROCE | 23.67% |
| Debt/Equity | 0.84 |
| RoNW | 29.36% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 4.72 | |
| P/E (x) | 7.42 | 13.62 |
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...
The Trident Techlabs IPO is subscribed 763.30 times on December 26, 2023 6:48:00 PM. 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) |
|---|---|
| QIB | 117.91 |
| NII | 854.37 |
| Retail | 1,059.43 |
| Total | 763.30 |
Total Application : 409,999 (1,059.43 times)
| Listing Date | December 29, 2023 |
| BSE Script Code | |
| NSE Symbol | TECHLABS |
| ISIN | INE0QD201012 |
| Final Issue Price | ₹35 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹35.00 |
| ₹98.15 |
| ₹93.25 |
| ₹103.05 |
| ₹103.05 |
Trident Techlabs Limited
1/18-20, 2 nd floor, White House
Rani Jhansi Road,
New Delhi -110055,
Phone: +91 61811100
Email: compliance@tridenttechlabs.com
Website: https://www.tridenttechlabs.com/
Maashitla Securities Private Limited
Phone: +91-11-45121795-96
Email: investor.ipo@maashitla.com
Website: https://maashitla.com/allotment-status/public-issues
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Check our SME IPO Guide 
Trident Techlabs IPO is a SME IPO of 4,580,000 equity shares of the face value of ₹10 aggregating up to ₹16.03 Crores. The issue is priced at ₹33 to ₹35 per share. The minimum order quantity is 4000 Shares.
The IPO opens on December 21, 2023, and closes on December 26, 2023.
Maashitla Securities Private Limited 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 Shares, and the minimum amount required is ₹140,000.
You can apply in Trident Techlabs IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, 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.
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📌BULK deals update:-
➢SELVAMURTHY AKILANDESWARI Bought 1.2L shares at Rs.98.15.🔥
➢LAROIA MONA bought 1L shares at Rs.103.04.🔥
📌FY24:- 7 Month PAT: 2.66Cr
➡️FY24 expected PAT is 12-13Cr🔥 (based on industry information and investor chatter)
📌Promoter was classmate of AJIT DOVAL 😮🔥 (National Security Advisor of India to Prime Minister Narendra Modi)
( INFO is heard from the street, this info can be completely wrong, pls do your due diligence)
📌📌 ➡️ ➡️
▪️Incorporated in 2000, Trident Techlabs Limited✅ provides technology-based solutions to the Aerospace🚀, Defense, automotive, telecommunications, semiconductor, and power distribution industries.
▪️It provides tailor made engineering and power system solutions to its customers.💫
📌The company has two verticals:-
▪️1)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.✅
➢Its 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. 🔥
▪️2)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.✅
➢TTL's solutions and services dwell on the latest technology to enable clients in maximizing the reliability of their electric power facilities in the most economical manner. 🔥
▪️The company delivers winning business outcomes through its deep industry experience and a 360-degree view of "Business through Technology" helping clients in creating successful and adaptive businesses.💫
📍➡️Their USP in Engineering Solutions:-
➢Broadest range of design tools which allows selection of tool optimal for a given application area.💫
➢Best-in-class design tools at affordable prices.✅
➢Top-end technical support to the users on how to best use the design tool.
📍➡️Their USP in Power Solutions:-
➢Best-in-class analysis tools.✅
➢Tool-based analysis of safety of installed equip & operating personnel.
➢Services for preparation of requested database and computer model of network.
▪️The Company has business alliances with the OEMs of various computer-aided engineering tools, from whom these tools are sourced by Company and supplied to the market in India in with a variety of value-added services, ranging from training on usage of the tool, its maintenance in the IT ecosystem of the users, its application to real-life projects as well as on-site deployment of manpower for accomplishment of client's projects, in part or total, etc.
➢Trident Techlabs employs more than 100 engineers and professionals.
📌📌
▪️IPO price: Rs.35
▪️IPO size: 16.03CR
▪️CMP:Rs.113
▪️Market cap:196 CR
▪️P/E:43 (annualized)
▪️52 Wk High: 113.6
▪️52 Wk Low: 93.25
▪️ROE: 34.41%
▪️ROCE: 23.67%
▪️RoNW: 29.36%
▪️Debt/Equity: 0.84
▪️Assets:61.44Cr
▪️Total Borrowing:25.32Cr (Reserves and Surplus:12Cr)
▪️Share Holding Pre Issue:92.48%
▪️Share Holding Post Issue:67.97%
📌FINANCIALS:
▪️FY24:-7 Month Rev: 21.14Cr
▪️FY24:-7 Month PAT: 2.66Cr
▪️FY23 revenue is 68.24Cr as compared to 29.87 CR(FY22), 128 %✅ growth yoy.
▪️FY23 PAT is 5.54 CR as compared to 0.645 CR(FY22), 758%✅ growth yoy.
▪️140% growth in revenue in last 2 years.
(PAT margins of 0.59% (FY21), 2.20% (FY22), 8.24% (FY23), 12.66% (M7-FY24)✅)
▪️Revenue from India :98-99%
▪️Revenue outside India: 1-2% (South-East Asia, Middle East, China, Bangladesh and Sri Lanka etc)
📌IPO funds:
From the net proceeds of the IPO funds, it will utilize Rs. 12.00 cr. for working capital, and the rest for general corporate purposes.
📌PEERS:
As per offer document, the company has no listed peers to compare with.
(In CRISIL report they have shown SIEMENS INDIA and ETAP(US) as peers)✅
📌SECTOR GROWTH:
▪️Government's outlay for the power sector has increased by 24% for fiscal 2024 over the revised estimates of fiscal 2023 whereas infrastructure related spending has increased by 17% as per the latest union budget.💫
▪️CRISIL Research projects investments of Rs 25.5-26 trillion in the power sector in six years.✅
▪️Railway electrification, Govt initiatives, Transition to Grid, Transition to EV.(Power demand will rise)
▪️As per Engineering Services global Market 2023, the global engineering services market size will grow from $1,110.21 billion in 2022 to $1,156.5 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. and expected to grow to $1,316.06 billion in 2027 at a CAGR of 3.3%.✅
▪️The E-learning market in private schools is anticipated to increase by 35-40% CAGR between fiscal years 2022 and 2025.✅
📌STRENGTH:
➢Wide product portfolio of customized products, tools and services.💫
➢360-degree knowledge and experience of various industries.✅
➢Strong relationship with a diverse customer base.
➢Strong and customer centric support services provided in the Engineering and Power Systems Solutions space.
➢Experienced Promoters and senior management team.
📌FUTURE PLAN:
▪️Further expanding their services into the international markets.✅
▪️Expansion of their Power Systems Solutions portfolio💫
▪️Further expansion and enhancement of their Engineering Solutions in the defence and aerospace sector.🚀🚀
▪️Focus on increasing revenues by leveraging core competencies and grow their business.
▪️Continue to enhance their core strengths by attracting, retaining and training qualified personnel
📌Disclosure: Not a buy recommendation ,only for study and education purpose. Please consult your financial advisor before investing. Please stop investing blindly. I have no investment in it.🙏