The Trident Techlabs IPO (Initial Public Offering) is a significant financial event where the company aims to raise funds by issuing new shares to the public. Let’s break down the key details and understand some terms:
1. **Issue Details:**
– The IPO opens for subscription from December 21 to December 26, 2023.
– It consists of a fresh issue of 45.8 lakh shares, aggregating up to Rs 16.03 crores.
– The price band is set at ₹33 to ₹35 per share.
– Minimum lot size for application is 4000 shares, requiring a minimum investment of ₹140,000 for retail investors.
2. **Timeline:**
– The allotment is expected to be finalized on December 27, 2023.
– The tentative listing date on NSE SME is December 29, 2023.
3. **Financials:**
– Trident Techlabs, established in 2000, provides technology-based solutions across various industries.
– Two key verticals: Engineering Solutions and Power System Solutions.
– Financial performance shows substantial growth, with revenue increasing by 128.4% and profit after tax rising by 760.3% between March 2022 and March 2023.
4. **Promoter Holding:**
– Promoters of the company are Mr. Sukesh Chandra Naithani and Mr. Praveen Kapoor.
– Shareholding pre-issue is 92.48%.
5. **Objects of the Issue:**
– The company plans to use the net proceeds for funding working capital requirements and general corporate purposes.
6. **Key Performance Indicators:**
– P/E (Price to Earnings ratio): 7.42
– ROE (Return on Equity): 34.41%
– ROCE (Return on Capital Employed): 23.67%
– EPS (Earnings per Share): ₹4.72
– RoNW (Return on Net Worth): 28.33%
7. **Trident Techlabs IPO Prospectus:**
– Detailed information about the IPO is available in the RHP (Red Herring Prospectus).
8. **Reservation and Allocation:**
– QIB (Qualified Institutional Buyers) are offered not more than 50% of the net issue.
– Retail investors are offered not less than 35% of the net issue.
– HNI (Non-Institutional Investors) are offered not less than 15% of the net issue.
9. **Market Participants:**
– GYR Capital Advisors Private Limited is the book running lead manager.
– Maashitla Securities Private Limited is the registrar for the issue.
– Giriraj Stock Broking is the market maker.
In summary, Trident Techlabs is tapping into the public market to raise capital for various purposes, and investors can participate in the IPO during the specified subscription period. The detailed prospectus provides comprehensive information for potential investors.
