Trident Techlabs Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

21 Dec 2023

Close Date

26 Dec 2023

Allotment

27 Dec 2023

Listing Date

29 Dec 2023

Exchange

NSE SME

Price Band

₹35

Listing Price

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Allotment Status

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Price Band

₹35

Per share

Face Value

₹10 per share

Lot Size

4,000 Shares

per lot

Issue Size

45,80,000 shares (aggregating up to ₹16.03 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹140,000

1 lot

Pre-IPO Holding

1,27,01,064 shares

Promoters

Post-IPO Holding

1,72,81,064 shares

Promoters

P/E (Pre)

7.42x

P/E (Post)

13.62x

EPS (Pre)

₹4.72

UPI Deadline

2023-12-26

Mandate

Anchor AllotmentWed, 20 Dec 2023

Basis of AllotmentWed, 27 Dec 2023

Refund InitiationThu, 28 Dec 2023

Demat CreditThu, 28 Dec 2023

Listing DayFri, 29 Dec 2023

UPI Mandate Deadline2023-12-26

Sale TypeFresh Capital

Net Offer to Public42,20,000 shares (aggregating up to ₹14.77 Cr)

Market Maker Quota3,60,000 shares (aggregating up to ₹1.26 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Trident Techlabs Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 26 Dec 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	360,000	—	₹1.26
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	4,580,000	100%	₹16.03

IPO Shares Offered

Trident Techlabs Ltd IPO total issue size: ₹16.03 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	360,000	₹1.26	7.86%
Total	4,580,000	₹16.03	100.00%

* Based on upper price band ₹35 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹35.00

Upper Band

Min Investment

₹140,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹280,000
Retail (Max — 13 Lots)	13	52,000	₹1,820,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,960,000
B-HNI (Min — 68 Lots)	68	272,000	₹9,520,000

* Issue Price ₹35 × Lot Size 4,000 shares

IPO Schedule

Anchor

20 Dec 2023

✓ Done

IPO Open

21 Dec 2023

✓ Done

IPO Close

26 Dec 2023

✓ Done

Allotment

27 Dec 2023

✓ Done

Refunds

28 Dec 2023

✓ Done

Demat Credit

28 Dec 2023

✓ Done

Listing Day

29 Dec 2023

✓ Done

₹35.00

INR · NSE

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Issue ₹35.00 Live Price

About Trident Techlabs Ltd

Incorporated in 2000, Trident Techlabs Limited provides technology-based solutions to the aerospace, defense, 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 modeling, 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 aging 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.

Objects of the Issue

Funding the working capital requirements of the Company; and

General corporate purposes.

Trident Techlabs Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,987.8

31 Mar 2022

₹6,824.2

31 Mar 2023

₹2,114.3

31 Oct 2023

Profit After Tax (PAT)

₹64.5

31 Mar 2022

₹554.8

31 Mar 2023

₹266.1

31 Oct 2023

Particulars	31 Oct 2023	31 Mar 2023	31 Mar 2022
Revenue from Operations	2114.33	6824.16	2987.80
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	266.13	554.81	64.49
Net Worth	2470.68	1653.73	1383.57
Total Assets	6144.08	4981.46	5544.66
Reserves & Surplus	1200.57	1609.86	1055.05
Borrowings	2532.47	2299.60	2959.99
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

34.41%

RoCE

23.67%

RoNW

29.36%

Debt/Equity

0.84

Issue Structure & Shareholding

Total Shares Offered45,80,000 (100.00%)

Net Offer to Public42,20,000 shares (aggregating up to ₹14.77 Cr)

Reserved for Market Maker3,60,000 shares (aggregating up to ₹1.26 Cr)

Pre-Issue Promoter Holding1,27,01,064 shares

Post-Issue Promoter Holding1,72,81,064 shares

P/BV RatioN/A

RoE34.41%

RoCE23.67%

Debt / Equity0.84

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Maashitla Securities Pvt.Ltd.

+91-11-45121795-96

investor.ipo@maashitla.com

https://maashitla.com/allotment-status/public-issues

Check Allotment

Book Running Lead Managers

GYR Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Trident Techlabs Ltd IPO subscribed? ▲

Trident Techlabs Ltd IPO is subscribed 1.00 times by Dec 26, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Trident Techlabs Ltd IPO retail subscription status? ▼

The Trident Techlabs Ltd IPO retail category is subscribed 1.00 times as of 26 Dec 2023. The retail portion is oversubscribed.

How to subscribe Trident Techlabs Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 21 Dec 2023 and closes 26 Dec 2023. Min investment: ₹140,000 (1 lot = 4,000 shares). UPI mandate: 2023-12-26.

How many times Trident Techlabs Ltd IPO subscribed? ▼

The Trident Techlabs Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Trident Techlabs Ltd IPO allotment? ▼

Check allotment on the registrar website (Maashitla Securities Pvt.Ltd.) at https://maashitla.com/allotment-status/public-issues. Enter your PAN, application number or DP/Client ID. Allotment date: 27 Dec 2023. Refunds: on 28 Dec 2023.

When Trident Techlabs Ltd IPO will be listed? ▼

The Trident Techlabs Ltd IPO listing date is 29 Dec 2023, Friday. Listed on: NSE SME. Issue price: ₹35. Estimated listing: ₹35. GMP: NIL.

When Trident Techlabs Ltd IPO close? ▼

The Trident Techlabs Ltd IPO closes on 26 Dec 2023, Tuesday. UPI mandate: 2023-12-26. Allotment: 27 Dec 2023. Listing: 29 Dec 2023.

Quick Actions

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Live Price LIVE

Last Price₹35.00

Change—

Issue Price₹35.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹35

Face Value₹10

Lot Size4,000 Sh

Min. Amount₹140,000

GMPNIL

Est. Listing₹35

Subscribed1.00x

Open Date21 Dec 2023

Close Date26 Dec 2023

Allotment27 Dec 2023

Listing Date29 Dec 2023

ExchangeNSE SME

UPI Deadline2023-12-26