Trident Texofab IPO

Trident Texofab IPO

Business description from prospectus - Trident Texofab is a multi-product fabric trading Company and our range includes home furnishing, bedsheets, scarfs, pareos, suiting and shirting and technical textile fabrics, etc. Our product portfolio includes finished, unfinished fabrics and value added fabrics. The Company supervises the entire manufacturing process including selection of yarn, weaving of cloth till dispatch of the goods to customers place, to assure product quality and customer satisfaction. As on date of the prospectus, the company has employed seventeen employees (including skilled, semi-skilled and unskilled employees).

Promoters of Trident Texofab – Hardik J Desai and Chetan C Jariwala

Trident Texofab IPO details

Subscription Dates21 - 26 September 2017
IPO Price bandINR30 per share
Fresh issue 1,176,000 shares (INR3.53 crore)
Offer for sale Nil
Total IPO size1,176,000 shares (INR3.53 crore)
Minimum bid (lot size)4,000 shares
Face Value INR10 per share
Retail Allocation50%
Listing OnBSE SME platform

Trident Texofab's financial performance (in INR lakh)

FY2013FY2014FY2015FY2016FY2017
Total revenue3,449.26,052.06,265.46,603.37,619.2
Total expenses3,424.46,022.46,237.56,573.37,561.3
Profit after tax12.222.318.05.934.1

Trident Texofab Limited
2004, 2nd Floor, North Extension, Falsawadi
Begumpura, Nodh-4/1650,
Sahara Darwaja, Surat-395003

Phone: +91 261 2451 284
Email: [email protected]
Website: www.tridenttexofab.com

Day

Subscription (no. of times)

Day 10.01
Day 20.23
Day 31.36
Day 47.70

 

Earnings Per Share (EPS): INR1.03

Price/Earnings (P/E) ratio: 29.13

Return on Net Worth (RONW): 8.97%

Net Asset Value (NAV): INR11.47 per share

Karvy Computershare Private Limited
Karvy Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana

Phone: +91 40 6716 2222 
Fax:
 +91 40 2343 1551 
Email:
[email protected]
Website: www.karvycomputershare.com

Trident Texofab IPO allotment status is now available on Karvy Computershare’s website. Click on this link to get allotment status. You can also check allotment status using application number on this link.

IPO Opening Date: 21 September 2017

IPO Closing Date: 26 September 2017

Listing Date: 5 October 2017

Listing Price on BSE SME: INR32 per share (up 6.7% from IPO price)

Closing Price on BSE SME: INR36 per share (up 20% from IPO price)

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