Trident Techlabs Limited IPO 💻🚀
ISSUE DETAILS 📊
- IPO Size: Rs. 16.03 Cr (Fresh issue aggregating up to Rs. 16.03 Cr)
- Face Value: Rs. 10 Per Equity Share
- Price Band: Rs. 33-35 Per Share
- Min Investment: 1,40,000 (4000 Shares)
- Listing At: NSE SME
- Registrar: Maashitla Securities Private Limited
The promoters of the company are Mr Sukesh Chandra Naithani and Mr Praveen Kapoor
ABOUT THE COMPANY 🌐🔧
Incorporated in 2000, Trident Techlabs Limited provides 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 modelling, 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 ageing 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.
OFFER BREAKUP 💼
| Category | Allocation | Issue Size (Rs in Cr) |
| QIB | 50% | 8.01 |
| NIB | 15% | 2.40 |
| Retail | 35% | 5.62 |
| Total | 100% | 16.03 |
IPO OBJECTIVES 🎯
The company proposes to utilise the Net Proceeds towards funding the following objects:
- Funding the working capital requirements of the Company; and
- General corporate purposes.
IPO TIMELINE ⏰
| IPO Open Date | 21-Dec -2023 |
| IPO Close Date | 26-Dec -2023 |
| Basis of Allotment Date | 27-Dec -2023 |
| Initiation of Refunds | 28-Dec -2023 |
| Credit of Shares to Demat Account | 28-Dec -2023 |
| IPO Listing Date | 29-Dec -2023 |
IPO STRENGTHS ✔️
- Wide product portfolio of customised products, tools and services.
- Strong relationship with a diverse customer base.
- Strong and customer-centric support services provided in the Engineering and Power Systems Solutions space.
- Deep knowledge and experience in various industries.
- Experienced Promoters and senior management team.
IPO RISKS ⚠️
- Their business is dependent on a few of their clients who contribute to the majority of their revenues from operations. Any loss of business from them may adversely affect their revenues and profitability.
- There are outstanding legal proceedings involving their Company which may adversely affect their business, financial condition and results of operations.
- Their success largely depends upon the knowledge and experience of their Promoters, Directors, and their Key Managerial Personnel. Loss of any of their Directors and key managerial personnel or their ability to attract and retain them could adversely affect their business, operations and financial condition.
- If they fail to innovate in response to changing client needs and adopt and develop new technologies, or adapt to evolving industry standards, their business, financial condition, and results of operations could be adversely affected.
FINANCIAL DATA 💰
| Assets | Revenue | PAT | |
| 2021 | 5913.69 | 2833.98 | -32.69 |
| 2022 | 5544.66 | 2987.80 | 64.49 |
| 2023 | 4981.46 | 6824.16 | 554.81 |
