Trident Techlabs IPO

Trident Techlabs

₹1,32,000 /4000 sharesMinimum Investment

Trident Techlabs IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹35.00₹98.00₹63.00 (180.00%)

Trident Techlabs IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
21 Dec ‘23 - 26 Dec ‘23₹1,32,0004,000₹33 - ₹35
Issue SizeIPO Doc
16.03Cr
RHP PDF

About Trident Techlabs

Trident TechLabs provides custom-built technology solutions to corporates in the aerospace, defense, automotive, telecom, medical, semiconductor and power distribution sectors. The company operates through two distinct business verticals: Engineering Solutions and Power System Solutions. In the Engineering Solutions domain, Trident TechLabs offers a comprehensive portfolio of products and services. This includes system-level electronics design, chip-level electronics design, embedded design, hydraulics/pneumatics systems, system modelling, reliability and quality services, design automation, power electronics, PCB designing, and electromagnetic simulations. In the Power System Solutions segment, Trident TechLabs provides products and services tailored for power distribution utilities facing challenges in an evolving industry. These challenges include maximizing the capacity of aging transmission infrastructure, managing increased amounts of intermittent renewable generation, and adapting to Smart Grid technologies.;
Parent Organisation
Trident Techlabs
Founded
2000
Managing Director
Mr. Praveen Kapoor

Strengths & Risks

  • Wide product portfolio of customized products, tools and services.
  • The company has strategic partnerships with original equipment manufacturers (OEMs) of various computer-aided engineering tools.
  • It has 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 also contributes a skilled and trained workforce to entities such as government research organizations. This support extends to specific sub-parts of final products, particularly for entities executing turnkey projects.
  • Company promoters have a cumulative experience of 60 years in the industry.
  • Trident Techlabs relies heavily on a small number of clients who have implemented its Engineering and Power Systems Solutions. Top 5 clients contributed 69.32%, 86.73%, 57.21% and 41.63% of aggregate revenues for the period ended on October 31, 2023 and financial year ended March 31, 2023, 2022 and 2021.
  • The company has faced negative cash flow in the past, and this trend may persist in the future, potentially affecting its business, prospects, financial condition, cash flows, and operational results.
  • Trident Techlabs has entered into agreements with certain banks for financing arrangements, including working capital facilities, term loans, and bank guarantees. As of Oct 31, 2023, the company had outstanding borrowings of Rs. 25.3247 crores.
  • Failure to comply with repayment and other covenants in the agreements mentioned earlier or meet debt servicing obligations could adversely affect the company's business, financial condition, cash flows, and credit rating.
  • The company has availed unsecured loans, with Rs. 16.9296 crores outstanding as of October 31, 2023. These loans may be recalled at any time, and if the unsecured lenders demand repayment, Trident Techlabs would need alternative financing sources, which might not be available on commercially reasonable terms or at all.
  • The company's insurance coverage might not be adequate to shield against all potential losses, posing a potential material adverse effect on Trident Techlabs' business, financial condition, and operational results.
  • There have been certain lapses and discrepancies and/or typographical errors in statutory filings. The company cannot assure that no regulatory action will be initiated against them and that no penalties will be imposed on account of these lapses.
  • Relevant copies of educational qualifications of some of the company’s directors and promoters are not traceable.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular33 - 35₹2 Lakh
High Networth Individual33 - 35₹2 - 5 Lakh
For Trident Techlabs IPO, eligible investors can apply as Regular.
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