Trident Techlabs Limited is stepping into the spotlight with its SME IPO on NSE Emerge, signaling a new phase for investors eyeing the tech solution space. With an issue size of Rs 1603 Cr, it’s all a fresh issue, and I’m here to dive into what this means for you.
From December 21 to 26, 2023, you’ll have the chance to be part of Trident’s journey, a company that’s carving a niche in industries like aerospace and telecommunications. With shares at Rs 33 to Rs 35 and a minimum lot of 4000 shares, it’s an opportunity that’s got the market buzzing. Let’s explore why this IPO could be a game-changer.
Trident Techlabs IPO Details
Understanding the specifics of an IPO is crucial for any investor, and that’s particularly true with Trident Techlabs Limited’s offering. Their SME IPO is set to create waves on the NSE Emerge platform, marking a significant step for the company and prospective investors. The issue size of the IPO stands at Rs 1603 Cr, underscoring the ambitious scale of this venture.
In the realm of IPOs, pricing is often the fulcrum that balances investor interest with company valuation. Trident has hit the sweet spot with a price band of ₹33 to ₹35 per share, making it an accessible entry point for varied investors. Let’s take a more granular look at some key figures that paint the full picture:
|IPO Opening Date
|December 21, 2023
|IPO Closing Date
|December 26, 2023
|₹10 per share
|₹33 to ₹35 per share
|Total Issue Size
In context, the lot size of 4000 shares indicates that investors need to purchase at least this many to gain a foothold in the IPO. This aligns well with the overall structure and aims of the issue.
Every IPO has a narrative, and for Trident Techlabs, it’s all about advancing its stake in the aerospace and telecommunications sectors. With the fresh issue of shares, they are set on fueling growth and innovation. Post-issue, the shareholding will scale from 12,701,064 to 17,281,064 shares.
The fact that there’s a market maker portion, specifically 360,000 shares allocated to Giriraj Stock Broking, offers an additional layer of confidence, ensuring liquidity and price stabilization post-listing.
When it comes to the listing date, that’s a detail that remains eagerly anticipated by many. With everything structured for a book-built issue IPO format, there’s an undercurrent of excitement as we edge closer to the opening day.
Remember, with any investment, it’s essential to conduct due diligence. While certain details may captivate, the full scope of Trident Techlabs Limited’s IPO offering holds key insights for making an informed decision.
Trident Techlabs IPO Timeline
When considering an investment, knowing the key dates and deadlines is crucial. Here’s the Trident Techlabs Limited IPO timeline to keep investors well-informed.
The anticipation begins on Thursday, December 21, 2023, notably marking the IPO Open Date. This is the day from which you can start submitting your bids. Prospective investors should note that the window for this opportunity won’t stay open long, with the IPO Close Date set for Tuesday, December 26, 2023. That gives us a tight five-day period to make our investment decisions.
For those who dive in, the Basis of Allotment will occur promptly the next day, on Wednesday, December 27, 2023. It’s important to keep an eye on this date as it determines how many shares one will be allotted based on the bids received.
Following the allotment, if there’s any instance of oversubscription or you don’t receive as many shares as you’d hoped for, rest assured the Initiation of Refunds happens quickly on Thursday, December 28, 2023. This efficiency is a significant plus, ensuring that your funds aren’t tied up unnecessarily.
Simultaneously on December 28, the Credit of Shares to Demat accounts is expected to take place. This step is pivotal as it formally includes the shares in your investment portfolio, thus paving the way for trading, which is anticipated to commence soon after this step.
The process culminates with the Listing Date, a key milestone when the shares officially hit the public market, slated for Friday, December 29, 2023. This is when the true value and potential of your investment will start to become apparent as the shares begin trading openly on the NSE Emerge platform.
For those opting to use UPI as a payment method, be advised that the Cut-off time for UPI mandate confirmation is by 5 PM on December 26, 2023. Meeting this deadline is essential to ensure a smooth transaction without any hitches.
|IPO Open Date
|Thursday, December 21, 2023
|IPO Close Date
|Tuesday, December 26, 2023
|Basis of Allotment
|Wednesday, December 27, 2023
Trident Techlabs IPO Lot Size
When looking at the investment potential of the Trident Techlabs Limited IPO, it’s crucial to understand the lot size, which dictates the minimum number of shares an investor can apply for. The IPO lot size can impact your investment strategy and potential returns. Here’s what I’ve gathered about the lot size for this particular IPO.
Retail investors have a clearly defined path when it comes to participating in the Trident Techlabs Limited IPO. The minimum lot size is set at 4,000 shares, meaning that at the lower end of the price band, retail investors need to shell out at least ₹140,000 if they wish to enter the fray. For those looking to maximize their retail application, it’s important to know that the maximum lot size remains the same as the minimum lot size in this case: one lot of 4,000 shares for ₹140,000.
High Net Worth Individuals (HNIs), on the other hand, have different thresholds. The minimum lot size doubles for HNIs to two lots, which aggregates to 8,000 shares. Consequently, the minimum amount they would need to invest jumps to ₹280,000.
The delineation of lot sizes across investor categories is common practice in IPOs, and it’s structured to balance the interests of retail and HNI investors. Here’s a breakdown of the lot information:
Given the total issue size of ₹1603 Cr, the lot size is critical for investors to factor into their decision-making process. It’s also worth considering how the lot size interacts with the price band of ₹33 to ₹35 per share, as it will influence the total investment and the number of shares one can apply for. Keep in mind that these investments are not without risk, and one should always conduct thorough research or consult with a financial advisor before making any investment decisions.
Trident Techlabs IPO Promoter Holding
When delving into Trident Techlabs Limited’s initial public offering (IPO), it’s crucial to understand the dynamics of the promoter holding, as it often offers insights into the management’s confidence in the company. For Trident Techlabs, the promoters, Mr. Sukesh Chandra Naithani and Mr. Praveen Kapoor, are the guiding force behind the venture and significant shareholders.
Pre-IPO, their combined shareholding stood at a substantial 92.48%, reflecting their strong commitment to the company’s success. This significant stake by the promoters usually signals a positive sentiment to potential investors, mirroring the founders’ trust in the business’s trajectory.
Post-IPO, while there will naturally be a dilution of their stake owing to the nature of public offerings, the fact remains that they are likely to retain a sizeable portion of the equity. This sustained ownership can offer a measure of assurance regarding the continued stewardship of the company by those who know it best. What’s also noteworthy is that the IPO does not include an offer for sale (OFS), meaning the promoters are not looking to offload their shares but instead are focusing on raising fresh capital to fuel the growth of Trident Techlabs.
As detailed earlier, the proceeds from the fresh issue are pegged between INR 15.11 – 16.03 crore, equating to an issuance of approximately 4.58 million shares. This capital influx is set to bolster the company’s two main verticals: Engineering Solutions and Power System Solutions, both of which play a pivotal role in Trident Techlabs’ market offering.
The promoters exhibit confidence in their business model and its potential by maintaining a considerable stake post-IPO. This investor confidence bodes well for the company’s prospects as it transitions from a private entity to a public one, subject to market forces and shareholder expectations.
Trident Techlabs IPO Anchor Investors Details
When it comes to initial public offerings (IPOs), anchor investors play a crucial role, often setting the tone for the demand and success of the IPO. With that in mind, it’s worth looking into the anchor investor portion of the Trident Techlabs Limited IPO. Prior to the opening of the public offering, the company secured significant funding from these institutional players.
The IPO’s anchor portion size amounted to a robust INR 421 crore, indicating strong initial interest. These anchor investors were able to bid on December 20, 2023, a day before the IPO officially opened for subscription. What’s more, these investors committed to holding a portion of their allocation for set periods post-listing, offering a stabilizing effect on the stock post-IPO.
|Anchor Portion Size (In Cr.)
|Anchor Lock-in Period (50% Shares)
|Anchor Lock-in Period (Remaining Shares)
|Dec 20, 2023
|Feb 7, 2024
|May 1, 2024
Half of the anchor investors’ shares are locked in until February 7, 2024, providing a 30-day holding period that securitizes a stable introductory phase in the market. The remaining shares have a longer lock-in period ending on May 1, 2024, totaling 90 days of commitment from the anchors. These strategic lock-in periods are designed to mitigate early sell-off risks, potentially bolstering investor confidence.
The anchor investors’ segment of Trident Techlabs’ offering encompasses a predetermined number of shares that will not hit the open market immediately. This could lead to a limited supply of stock initially available for public trading, which often piques the interest of other categories of investors, including retail and high-net-worth individuals (HNIs). Understanding the dynamics involving anchor investors’ contributions and commitments is vital for anyone considering participation in this IPO.
Trident Techlabs IPO Reservation
Trident Techlabs Limited’s IPO is structured to accommodate various investor categories, with a deliberate share distribution plan that aims to ensure a wide base of investor support. The reservation of shares for each investor category has explicit percentages, which help to maintain a balanced approach towards the diverse investment community interested in the IPO.
Central to the IPOs are the Qualified Institutional Buyers (QIBs), who are offered a significant share of the pie. As per the company’s prospectus, not more than 50% of the Net Issue is reserved for QIBs. This allocation caters to the needs of large investors such as mutual funds, pension funds, and insurance companies that bring stability and a measure of confidence to the IPO due to their rigorous due diligence and long-term investment horizons.
Non-Institutional Investors, often referred to as High Net Worth Individuals (HNIs), are entitled to not less than 15% of the Net Issue. This segment includes individuals and entities that invest significant sums, capable of substantially impacting the subscription levels and ensuring the success of the IPO.
Lastly, the IPO extends an invitation to Retail Investors, ensuring that not less than 35% of the Net Issue is available to them. Retail investors play a vital role in the market, representing public trust and participation in the company’s future. It’s essential to remember that these investors can apply for a minimum lot size of 4,000 shares.
The structured allocation demonstrates Trident Techlabs’ intent to achieve a diverse shareholder base while also honoring the regulations set forth by the stock exchange.
|QIB Shares Offered
|Not more than 50% of the Net Issue
|Retail Shares Offered
|Not less than 35% of the Net Issue
|NII (HNI) Shares Offered
|Not less than 15% of the Net Issue
These carefully considered reservations contribute to a balanced and fair opportunity for all types of investors, boosting confidence toward the Trident Techlabs IPO. Understandably, the allure for investors lies in these proportions and the company’s prospects, including its services across Engineering Solutions and Power Systems Solutions. This blend of strategic share distribution and strong business fundamentals offers a compelling narrative to potential investors.
Trident Techlabs IPO Financial Information
When looking at an IPO, it’s crucial to examine the company’s financial health. Trident Techlabs’ financials present an interesting narrative of growth and stability. I’ve zeroed in on their financial metrics over the last few years to give you a well-rounded view of their performance.
From October 2023 to March 2023, Trident Techlabs saw a notable increase in assets, from ₹4,981.46 lakhs to ₹6,144.08 lakhs. This uptick is a clear indicator of the company’s expanding resource base. As for the revenue showed an impressive rise in March 2023 at ₹6,824.16 lakhs compared to the previous year’s ₹2,987.80 lakhs.
Let’s talk profit after tax (PAT)— often a deal-maker or breaker. Trident Techlabs has showcased a robust profit trajectory with a PAT of ₹266.13 lakhs as of October 2023, a considerable surge from just ₹64.49 lakhs in March 2022. This leap is a testament to the company’s ability to generate revenue and translate it into actual profits.
Here’s a snapshot of the financial data for a clearer picture:
|Profit After Tax
|Reserves and Surplus
|31 Oct 2023
|31 Mar 2023
|31 Mar 2022
|31 Mar 2021
About Trident Techlabs Limited
I’ve come to recognize that Trident Techlabs Limited stands out as a beacon in the technology solutions sector. Established in 2000, they’ve been at the forefront of innovation and service for over two decades. Their core competence lies in providing comprehensive and multifaceted technology solutions across a spectrum of industries, notably including aerospace, defense, semiconductors, and power distribution. Expertise and innovation are the pillars that have supported their steadfast growth.
I find their 360-degree approach particularly compelling as it encapsulates a blend of deep industry knowledge with cutting-edge technological solutions. This strategic mixture is designed to ensure winning business outcomes for their clientele, which I view as a testament to their mission’s success. Their nationwide network is indicative of their scale, with offices in key Indian cities like Bengaluru, Hyderabad, Kolkata, and Pune, ensuring that their solutions are within reach for companies across the country.
The talent pool at Trident Techlabs can’t be overlooked either. They employ over 150 skilled professionals, all masterminds in engineering and technology, contributing to their dynamic corporate fabric. Their professional expertise across various domains drives the company forward and cements its reputation as an industry leader.
In delving into Trident Techlabs’ market presence, one can’t help but be impressed by their sustained operations and expansion across multiple locations. This proves their established status within the tech landscape even as they step into the new venture of an SME IPO at NSE Emerge. Their undisclosed financial intricacies and IPO date remain a topic of intrigue and a reminder of the ever-evolving nature of the tech industry.
For those keen to journey deeper into what Trident Techlabs offers, their welcoming website is a portal to a world of technological possibilities. This path could unlock the next level of success for businesses eager to leverage the power of technological progression.
The broader picture clearly shows that while Trident Techlabs is one key player, the broader technology sector is a vast tapestry, evolving and expanding with each passing day. It’s imperative to keep our finger on the pulse of this growth and embrace the advancements that lie ahead.
Trident Techlabs IPO Review
When assessing the Trident Techlabs Limited IPO, diving into the company’s foray into the public market is pivotal. Launching the IPO, which possesses an aggregate value of Rs 16.03 crores, represents a substantial step forward for Trident Techlabs. It’s a move that suggests a transition from a privately held entity to one that embraces the scrutiny and expectations that come with public shareholders.
The IPO opens on December 21, 2023, and interested investors have until December 26, 2023, to subscribe. It’s important to note that the price band is fairly narrow, ranging from ₹33 to ₹35 per share. For retail investors, the minimum investment stands at ₹140,000, which equates to a lot size of 4000 shares.
|Total IPO Value
|Rs 16.03 Crores
|Number of Shares
|45.8 Lakh Shares
|₹33 to ₹35 per share
|Retail Investor Minimum Investment
|IPO Opening Date
|December 21, 2023
|IPO Closing Date
|December 26, 2023
|Allotment Finalization Date
|December 27, 2023
|Tentative Listing Date
|December 29, 2023
With the tentative listing date set for December 29, 2023, those who secure an allotment could potentially see their investment reflected on the NSE SME platform. As a company that spans across high-demand sectors like aerospace, defense, and automotive, the attraction to Trident Techlabs’ expertise is undeniable.
It’s also crucial to recognize the parties involved in facilitating this IPO. GYR Capital Advisors Private Limited and Maashitla Securities Private Limited provide the necessary financial oversight. Meanwhile, Giriraj Stock Broking Private Limited acts as the market maker, ensuring liquidity and price stability as Trident Techlabs embarks on this new chapter.
Trident Techlabs IPO Strengths and Weaknesses
As we look at the upcoming SME IPO for Trident Techlabs Limited,, the company’s strong foothold in critical sectors positions it well for future growth. With a price band that’s accessible to serious investors and a clear timeline for subscription and listing, the opportunity to invest is well-defined. It’s worth noting the involvement of experienced financial entities, which adds a layer of credibility to the offering. Keep in mind the minimum investment threshold as it indicates the level of commitment expected. As with any financial decision, it’s crucial to weigh the potential of Trident Techlabs against your investment strategy. Stay tuned for the listing on December 29 to see how the market responds to this promising entrant.
How to Apply for Trident Techlabs IPO in Zerodha
To apply for an IPO in Zerodha, you can follow these steps:
- Log in to your Zerodha account.
- Click on the “Bids” option.
- Click on the “IPO” option and select the IPO.
- Click on “Apply”.
- Select the investor type.
- Enter the UPI ID.
- Enter the quantity in multiples of the lot size.
- Enter the price within the issue price range.
- Click on the undertaking checkbox and click on “Submit.”
- Accept the mandate on the UPI app.