Trident Techlabs Limited IPO

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  1. Industry Focus:
    • The company provides technology solutions to corporates in several sectors, including aerospace, defense, automotive, telecom, semiconductor, and power distribution.
  2. Business Verticals:
    • Engineering Solutions:
      • Offers a diverse spectrum of solutions, including 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.
      • Provides consulting and engineering services covering the entire product development lifecycle, from strategy and user research to design, testing, maintenance, and service delivery.
    • Power System Solutions:
      • Focuses on addressing challenges faced by power distribution utilities.
      • Specializes in areas such as transmission planning and operations, power distribution solutions, integration and energy storage solutions, substation design solutions, and power cable ampacity solutions.
      • Utilizes the latest technology to help clients maximize the reliability of their electric power facilities in an economical manner.
  3. Team and Expertise:
    • The company has a team of about 84 qualified staff members, including 36 engineers and professionals.
    • The team has extensive experience working on advanced tools used in the industry for designing and testing engineering systems.
    • The team shares knowledge and expertise through training programs and seminars at renowned institutes.
  4. Customer Procurement Process:
    • For government sector customers, the company participates in the bidding process based on tender specifications.
    • Tenders are evaluated for technical and financial considerations, and the company bids accordingly based on technical ability, requirements, and manpower availability.
  5. Business Alliances:
    • The company has business alliances with original equipment manufacturers (OEMs) of various computer-aided engineering tools.
    • These alliances involve sourcing tools from OEMs and providing value-added services such as training, maintenance, application to real-life projects, and on-site deployment of manpower.
  6. Technical Education Services:
    • Provides technical education to the technology teams of customers, certain institutions with tie-ups, and newly qualified engineers.
    • This activity serves as a support service to customers and aims to impart knowledge to aspiring technicians.

Objects of the Trident Techlabs Limited IPO:

The company proposes to utilise the Net Proceeds towards funding the following objects: i. Funding the working capital requirements of the Company; and ii. General corporate purposes.
DRHP of Trident Techlabs Limited IPO
RHP of Trident Techlabs Limited IPO

Trident Techlabs Limited IPO Details:

Open Date: Dec 21 2023
Close Date: Dec 26 2023
Total Shares: 4,580,000
Face Value: ₹ 10 Per Equity Share
Issue Type: Book Built Issue IPO
Issue Size: 16.03 Cr.
Lot Size: 4000 Shares
Issue Price: ₹ 33 - 35 Per Equity Share
Listing At: NSE Emerge
Listing Date: Dec 29 2023

Promoters And Management:

Sukesh Chandra Naithani is one of the Promoters, Executive Director, CEO and CFO of the Company. He holds bachelor’s degree in science from Hemvati Nandan Bahuguna Garhwal University in the year 1986. He has been awarded the ‘Most Promising Entrepreneur’ for the year 2011 by Enterprise Asia. He has been the main guiding force behind the growth and business strategy of the Company. He has more than 23 years of experience in dealing in business of Information Technology and Electronics. He is actively involved in strategic marketing of infotech, electronic products and tech education services whereby he is promoting engineering system simulation at numerous engineering colleges, laboratories and private industry. Praveen Kapoor is one of the Promoters and Managing Director in the Company. He holds a bachelor’s degree in electrical engineering from Dayalbagh Educational Institute (Deemed University), Agra on May 30, 1990. His guidance provides directions to business; create a vision and give an international edge to the organisation. He has over 23 years of experience in marketing solutions and services in Electrical and Electronics Engineering. Sarad Chandra Naithani is a Chairman and Non Executive Director of the Company. He was appointed on the Board with effect from 03rd October 2008. He holds Post Graduate degree in Economics from University of Garhwal, Srinagar. He has an experience of over 15 years in of oversee all business development, marketing, and management of account relationships for the Company. His core expertise in tapping prospects, analyzing their requirements and negotiating (commercially) for the orders flourishes the business in new profitable directions  

Financials of Trident Techlabs Limited IPO:

Particulars ( In Lakhs )
2021
2022
2023
7M-FY24
Revenue from Operations 2,820 2,974 6,735 2,102
Other Income 14 13 89 12
Total Revenue 2,834 2,988 6,824 2,114
Direct Expenses 1,125 1,318 4,536 857
Purchase of Stock-in-Trade 589 222 75 196
Changes in Inventories -194 135 20 -111
Employee benefits expenses 448 545 650 358
Other Expenses 393 287 438 265
EBITDA 473 481 1,106 549
Depreciation & Amortisation 108 91 86 19
Finance Cost 405 299 272 171
EBIT 365 389 1,020 530
OPM (%) 16.69% 16.10% 16.21% 25.97%
PBT -40 90 747 359
Tax -8 25 193 93
PAT -33 64 555 266
NPM (%) -1.15% 2.16% 8.13% 12.59%
No.of Shares 172.81 172.81 172.81 172.81
EPS -0.18 0.37 3.21 1.54

Comparison With Peers:

Notes: - There are no listed companies in India that are engaged in a business similar to this Company.

Lead Manager of Trident Techlabs Limited IPO:

  1. GYR CAPITAL ADVISORS PRIVATE LIMITED

Registrar of Trident Techlabs Limited IPO:

  1. Maashitla Securities Pvt. Limited.

Company Address:

Trident Techlabs Limited 1/18-20, 2 nd floor, White House Rani Jhansi Road, New Delhi -110055, Phone: +91 61811100 Email: compliance@tridenttechlabs.com Website: https://www.tridenttechlabs.com/

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