Trident Techlabs IPO entails to raise Rs 16.03 crores. The issue is entirely a fresh issue of 45.8 lakh shares. Trident Techlabs provides technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries.
IPO opens
Dec 21, 2023
IPO Closes
Dec 26, 2023
IPO Size (Rs.)
₹16.03 Cr
IPO Size (shares)
4,580,000 shares
Breakup
Fresh issue only
Face Value:
₹ 10
IPO Price in Rs :
₹33 to ₹35
Minimum Lot
4000 Shares
Listing At
NSE SME
QIB Quota
~50%
NII Quota
~15%
Retail Quota
~35%
Lead Manager
GYR Capital Advisors
Registrar
Maashitla Securities
Market maker
Giriraj Stock Broking
About Trident Techlabs:
Company was originally incorporated as ‘Trident Techlabs Private Limited’ a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 9, 2000,
We offer custom-built technology solutions to corporates in the aerospace, defence, automotive, telecom, medical, semiconductor and power distribution sectors. We have two business verticals i.e. Engineering Solutions and Power System Solutions. We deliver winning business outcomes through our deep industry experience and a 360 degree view of “Business through Technology” helping clients in creating successful and adaptive businesses.
Our Engineering Solutions portfolio of products related services encompasses a diverse spectrum of solutions viz. system- level electronics design, chip-level electronics design, embedded design, hydraulics/ pneumatics system, system modeling, reliability and quality, design automation, power electronics, PCB designing and electromagnetic simulations. Our 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.
Their registered office is situated at Delhi. They have branch offices located in Bangalore, Kolkata and Pune and warehouse located at Delhi taken on leave and license basis from related parties and third parties.
Financials: Trident Techlabs
Particulars/ Rs Lacs
Oct 31,2023
2023
2022
2021
Revenue from Operation
2101.93
6,734.71
2974.34
2819.73
Restated profit
266.13
554.81
65.47
16.7
Share Capital
1270.11
279.68
279.68
279.68
Net Worth
2470.68
1,653.73
1383.57
1318.11
Diluted EPS
2.23
4.72
2.34
0.6
Net Asset Value
19.45
67.56
49.47
47.13
Total Borrowings
2532.47
2299.6
2959.99
3044.34
Post issue Share Capital
1728
FV
10.0
IPO price
35.0
EPS Fy23
3.2
PE Fy23
10.9
EPS Fy24 (annualized)
2.6
PE Fy24 (annualized)
13.3
Market cap in Lacs
6,048.0
Market cap / Sales
0.90
Anchor
Trident Techlabs IPO: Salient Points
Techlabs offers custom-built electronics, mechanical, industrial automation and solutions to corporates.
Key Performance Indicators
Key Performance Indicator
October 31, 2023 (Standalone)
F.Y 2022-23(Standalone)
F.Y 2021-22(Consolidated)
F.Y 2020-21(Consolidated)
Revenue from Operations
2101.92
6,734.71
2,974.34
2,819.73
Total Income
2,114.33
6,824.16
2,987.80
2,833.98
EBITDA
544.32
1007.34
450.01
494.53
Net Profit for the Year / Period
266.13
554.81
65.47
16.70
Return on Net Worth
10.77%
29.36%
4.73%
1.27%
Return on Capital Employed
10.50%
23.67%
8.39%
9.16%
Debt-Equity Ratio
0.59
0.84
1.32
0.66
Company has been successfully serving for the past several years clients, both in India and overseas, like South-East Asia, Middle East, China, Bangladesh and Sri Lanka amongst others.
Company has entered into agreements with various technology partners in emergent technology areas of ASIC, FPGA, Functional verification, PCB, thermal Analysis etc
They have a client-base of over 300 organizations in the Engineering Solutions space and more than 150 organizations in Power Systems Solutions space, located in India and other parts of the world like South-East Asia, Middle East, China, Bangladesh and Sri Lanka etc.
The company has posted a compounded annual growth of over 30% for the period ending fiscal 2023 aided by strong demand traction from the power sector.
The operating margins of the company have remained above 15% for the past three years.
Trident Techlabss IPO is coming at PE of 11x (FY23) and 13x (FY24 annualized).
I intend to apply in Trident Techlabs IPO.
GMP as reported on social media has been around Rs. 53.
GYR Capital Advisors Pvt. Ltd is the Lead Manager to the issue. Past issues handled by them include Maitreya Medicare Limited, Basilic Fly Studio Limited, Srivari Spices and Foods Limited, Essen Speciality Films Limited, MCON Rasayan India Limited, Agarwal Float Glass India Limited, Anlon Technology Solutions Limited, Uma Converter Limited, Sabar Flex India Limited, Mafia Trends Limited, Pritika Engineering Components etc.
SME IPO are more risky and volatile than mainboard IPOs.
Standard disclaimer: I am not a SEBI registered analyst and above analysis is for educational purpose only. Iam a postgraduate in engineering & Management . I have in the past cleared some exams like NISM-Series-V-A: Mutual Fund Distributors Certification, NISM-Series-X-A: Investment Adviser (Level 1) Certification and NISM-Series-X-B: Investment Adviser (Level 2) Examination. This post is my view on the subject matter and is only academic and exploratory in nature. It is not meant to influence investment decisions of investors. I may have bias/vested interest in covered Stock/Mutual Funds/NCD etc. due to my own investment or leaning. Further my understanding of the areas on which I write may be imperfect or incomplete and data could be wrong due to limited time and resources at my disposal. Do check the data from company’s RHP and exchanges before making any decision. Please do your own due diligence as stock market/MF investments have high degree of inherent risk.
