Trident Techlabs Ltd IPO Timeline

Trident Techlabs Ltd IPO opens on 21-Dec-2023, and closes on 26-Dec-2023. The Trident Techlabs Ltd IPO bid date is from 21-Dec-2023 to 26-Dec-2023. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Trident Techlabs Ltd IPO Opening Date 21-Dec-2023
Trident Techlabs Ltd IPO Closing Date 26-Dec-2023
Basis of Allotment 27-Dec-2023
Initiation of Refunds 28-Dec-2023
Credit of Shares to Demat 28-Dec-2023
Trident Techlabs Ltd IPO Listing Date 29-Dec-2023

Trident Techlabs Ltd IPO Lot Size

Trident Techlabs Ltd IPO lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or 140000).

Application Lots Shares Amount
Minimum 1 4000 ₹140000
Maximum 1 4000 ₹140000

Trident Techlabs Ltd IPO Details

Trident Techlabs Ltd IPO Date 21-Dec-2023 to 26-Dec-2023
Trident Techlabs Ltd IPO Face Value Shares of ₹10 per share
Trident Techlabs Ltd IPO Price ₹33 to ₹35 per share
Trident Techlabs Ltd IPO Lot Size 4000
Issue Size Shares of ₹10 (aggregating up to ₹16.03 Cr)
Fresh Issue Shares of ₹10 (aggregating up to ₹16.03 Cr)
Offer for Sale -
Issue Type Book Building - SME
Listing At NSE - SME
QIB Shares Offered -
Retail Shares Offered -
NII (HNI) Shares Offered -
Company Promoters Sukesh Chandra Naithani, Praveen Kapoor.

Objects of the Issue

The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:

  • 1 Funding the working capital requirements of the company
  • 2 General corporate purposes

Company Financials

Trident Techlabs Ltd Financial Information (Restated)

Period Ended Total Assets Total Revenue Profit After Tax
03-2024 98.84 73.00 9.37
03-2023 50.09 68.20 4.67
03-2022 55.45 29.88 0.64
Amount in ₹ Crore
  • Scaled platform with 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.
  • Its business is dependent on a few of the company clients who contribute to majority of its revenues from operations. Any loss of business from them may adversely affect itd revenues and profitability.
  • If the company fail to innovate in response to changing client needs and adopt and develop new technologies, or adapt to evolving industry standards, its business, financial condition, and results of operations could be adversely affected.
  • If the company cannot execute its strategy to expand its business into international markets, the company's business and prospects may be materially and adversely affected.
  • If the company is unable to hire, integrate, train and retain its engineers and technical personnel, its business could suffer.
  • Its success depends upon the company's ability to develop new tools, designs, solutions and services.
  • There has been certain lapses and such as discrepancies and/or typographical errors in Statutory filings. The company cannot assure you that no regulatory action will be initiated against it and that no penalties will be imposed on the company on account of these lapses.
  • Failure to implement its growth strategy to provide solutions and services to the defence and aerospace sector.
  • The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company.
  • Relevant copies of educational qualifications of some of its Directors and Promoters are not traceable.
  • There has been instances in past for Non-Provisioning of Gratuity Expenses and failure to obtain the actuarial report for purpose of determining the gratuity liability required as per AS-15 of Employees Benefits which may result into increase/decrease in expenses and gratuity liability.
  • Any delays and/or defaults in clients payments could result in increase of working capital investment and/or reduction of the Company's profits, thereby affecting its operation and financial condition.
  • Any failure of its solutions implemented at the company clients project or business operations may adversely affect its business and results of operations.
  • The Company has experienced negative cash flow in the past and may continue to do so in the future, which could have a material adverse effect on its business, prospects, financial condition, cash flows and results of operations.
  • In past, there has been instances of delayed filing of Statutory Returns.
  • An inability to comply with repayment and other covenants in the financing agreements or otherwise meet its debt servicing obligations could adversely affect its business, financial condition, cash flows and credit rating.
  • The Company has availed certain unsecured loans which may be recalled at any time.
  • Its inability to manage inventory in an effective manner could affect its business.
  • There are outstanding legal proceedings involving the Company which may adversely affect its business, financial condition and results of operations.
  • Its Promoters, Directors and Key Managerial Personnel have interests in the Company other than reimbursement of expenses incurred or normal remuneration or benefits.
  • The requirement of funds in relation to the objects of the Issue has not been appraised.
  • Its Promoters and members of the Promoter Group have significant control over the Company and have the ability to direct its business and affairs; their interests may conflict with your interests as a shareholder.
  • The average cost of acquisition of Equity Shares held by its Promoters could be lower than the Issue Price.
  • Its future fund requirements, in the form of further issue of capital or securities and/or loans taken by it, may be prejudicial to the interest of the Shareholders depending upon the terms on which they are eventually raised.
  • The company has in past entered into related party transactions and its may continue to do so in the future.
  • Its Promoters has extended personal guarantees with respect to various loan facilities availed by the Company. Revocation of any or all of these personal guarantees may adversely affect its business operations and financial condition.
  • The company has not made any alternate arrangements for meeting its capital requirements for the Objects of the Issue. Further, the company has not identified any alternate source of financing the 'objects of the Issue'. Any shortfall in raising / meeting the same could adversely affect its growth plans, operations and financial performance.
  • Its success largely depends upon the knowledge and experience of the company Promoters, Directors, and its Key Managerial Personnel. Loss of any of its Directors and key managerial personnel or its ability to attract and retain them could adversely affect its business, operations and financial condition.
  • Any defect in title/ ownership of owner (s) (including the Promoters/ Promoter Group), from whom the Company has bought space/ taken space on lease, may adversely affect the operations of the Company resulting in loss of business.
  • Relevant copies of educational qualifications of its Promoters, Directors and Senior Management are not traceable.
  • Industry information included in this Red Herring Prospectus has been derived from the CRISIL Report.
  • The requirement of funds in relation to the objects of the Issue has not been appraised.
  • Its funding requirements and proposed deployment of the Net Proceeds are based on management estimates and have not been independently appraised, and may be subject to change based on various factors, some of which are beyond its control.
  • Industry information included in this Red Herring Prospectus has been derived from the CRISIL Report.
  • Its ability to pay dividends in the future may be affected by any material adverse effect on its future earnings, financial condition or cash flows.
  • Its insurance coverage may not be adequate to protect it against all potential losses, which may have a material adverse effect on its business, financial condition and results of operations.
  • The deployment of funds is entirely at its discretion and as per the details mentioned in the chapter titled "Objects of the Issue".
  • The company has not independently verified certain data in this Red Herring Prospectus.
  • The requirements of being a listed company may strain its resources.
  • The Equity Shares have never been publicly traded and the Issue may not result in an active or liquid market for the Equity Shares.
  • There is no guarantee that the Equity Shares issued pursuant to the Issue will be listed on the SME Platform of National Stock Exchange of India Limited in a timely manner or at all.
  • You will not be able to sell immediately on the Stock Exchanges any of the Equity Shares you purchase in the Issue.
  • There is no existing market for its Equity Shares, and the company does not know if one will develop to provide you with adequate liquidity. Further, an active trading market for the Equity Shares may not develop and the price of the Equity Shares may be volatile.
  • The price of the Equity Shares may be highly volatile after the Issue.
  • There are restrictions on daily movements in the trading price of the Equity Shares, which may adversely affect a shareholder's ability to sell Equity Shares or the price at which Equity Shares can be sold at a particular point in time.
  • The price of the Equity Shares may be volatile, which could result in substantial losses for investors acquiring the Equity Shares in the Issue.
  • Any future issuance of Equity Shares, or convertible securities or other equity-linked securities by the Company may dilute your shareholding and any sale of Equity Shares by its Promoters or members of its Promoters Group may adversely affect the trading price of the Equity Shares.
  • Sale of Equity Shares by its Promoters or other significant shareholder(s) may adversely affect the trading price of the Equity Shares.
  • Rights of shareholders under Indian laws may be more limited than under the laws of other jurisdictions.
  • Further expanding our services into the international markets.
  • Expansion of our Power Systems Solutions portfolio.
  • Further expansion and enhancement of our Engineering Solutions in the defence and aerospace sector.
  • Continue to enhance our core strengths by attracting, retaining and training qualified personnel.
  • Focus on increasing revenues by leveraging core competencies and grow our business.

Trident Techlabs Ltd IPO Promoter Holding

Pre Issue Share Holding 72.22%
Post Issue Share Holding 53.08%

Trident Techlabs Ltd IPO Subscription Status (Bidding Detail)

The Trident Techlabs Ltd IPO is subscribed 502.6419 times on Dec 26, 2023 05:00:00 PM. The public issue subscribed - times in the retail category, - times in the QIB category, and - times in the NII category. Check Day by Day Subscription Details (Live Status)

Category QIB NII Retail Employee Total
Subscription (times) - - - - 502.6419

Trident Techlabs Ltd IPO Prospectus

Trident Techlabs Ltd IPO Listing Date

Listing Date 29 Dec 23
BSE Script 92619
NSE Symbol TECHLABS
Listing In NSE - SME
ISIN INE0QD201012
IPO Price ₹35
Face Value ₹10

Trident Techlabs Ltd IPO Registrar

Maashitla Securities Pvt Ltd

Phone: 011-45121795
Email: ipo@maashitla.com
Website: www.maashitla.com

Trident Techlabs Ltd IPO Lead Manager(s)

  1. GYR Capital Advisors Pvt Ltd

FAQs on Trident Techlabs Ltd IPO

Trident Techlabs Ltd IPO, which opens for subscription from 21-Dec-2023 to 26-Dec-2023 has an issue size of ₹16.03 crore. The issue type is book building issue.

In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for Trident Techlabs Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.

Trident Techlabs Ltd IPO Opens for subscription from 21-Dec-2023 to 26-Dec-2023.

The lot size of Trident Techlabs Ltd is 4000 shares. Retail investors can subscribe to minimum 1 lot and maximum 1 lots. The minimum and maximum application value is ₹140000 and ₹140000 respectively.

Allotment date for Trident Techlabs Ltd is 27-Dec-2023 and refund of application amount (in case allotment is not received) will begin from 28-Dec-2023. If your allotment goes through, then shares will be credited in your Demat account by 28-Dec-2023.

The registrar for Trident Techlabs Ltd IPO is Maashitla Securities Pvt Ltd. You can check your IPO allotment status on the registrar's website.

The shares of Trident Techlabs Ltd are proposed to be listed on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

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