Trident Techlabs IPO: All You Need to Know Before subscribing to the Issue
by Sandip Das on 21 December 2023, 5 min read
Trident Techlabs has opened its IPO for subscription. The issue opened today, December 21, 2023 and will close on December 26, 2023.
About the Company
Trident Techlabs caters to various industries like aerospace, defense, automotive, telecommunications, semiconductor, and power distribution by offering technology-based solutions.
| Symbol | TECHLABS |
|---|---|
| Issue Period | 21-Dec-2023 to 26-Dec-2023 |
| Issue Size | 45,80,000 |
| Issue Type | Book Building |
| Price Range | Rs.33 to Rs.35 |
| Face Value | Rs.10 |
| Tick Size | Re.1 |
| Bid Lot | 4000 Equity Shares and in multiples thereof |
| Minimum Order Quantity | 4000 Equity Shares |
| Maximum Subscription Amount for Retail Investor | Rs. 2,00,000 |
| Maximum Bid Quantity for QIB Investors | 30,16,000 equity shares in multiple of 4,000 Equity Shares (Calculated at Higher end of the Price Band) |
| Maximum Bid Quantity for NIB Investors | 22,12,000 equity shares in multiple of 4,000 Equity Shares (Calculated at Higher end of the Price Band) |
| Book Running Lead Managers | GYR Capital Advisors Private Limited |
| Name of the Registrar | Maashitla Securities Private Limited |
Price Band & Lot Size
The Trident Techlabs IPO has set its price band at Rs 33 to Rs 35 per share, with a minimum lot size of 4000 shares per application. Retail investors need a minimum investment of Rs 1,40,000. The issue is book-built, amounting to Rs 16.03 crore, offering 45.8 lakh shares exclusively as a fresh issue.
Book Running Lead Managers
In the Trident Techlabs IPO, GYR Capital Advisors Private Limited serves as the book-running lead manager, with Maashitla Securities Private Limited acting as the registrar for the issue. Additionally, Giriraj Stock Broking acts as the market maker for the IPO.
Reserved Portion
The allocation reserves approximately 50 percent of the net issue for Qualified Institutional Buyers (QIBs), while ensuring a minimum allotment of 35 percent for retail investors and a maximum of 15 percent for Non-Institutional Investors (NIIs).
Purpose of the Issue
The company intends to utilize the net proceeds for consulting and technical services across various domains including 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.
Company Financials
Trident Techlabs Limited witnessed a remarkable 128 percent surge in revenue. It reported a staggering 760 percent increase in profit after tax (PAT) from the financial year ending March 31, 2023.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.
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