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 Dates 21 – 26 September 2017
IPO Price band INR30 per share
Fresh issue 1,176,000 shares (INR3.53 crore)
Offer for sale Nil
Total IPO size 1,176,000 shares (INR3.53 crore)
Minimum bid (lot size) 4,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform

Trident Texofab’s financial performance (in INR lakh)

FY2013 FY2014 FY2015 FY2016 FY2017
Total revenue 3,449.2 6,052.0 6,265.4 6,603.3 7,619.2
Total expenses 3,424.4 6,022.4 6,237.5 6,573.3 7,561.3
Profit after tax 12.2 22.3 18.0 5.9 34.1

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]


Subscription (no. of times)

Day 1 0.01
Day 2 0.23
Day 3 1.36
Day 4 7.70


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 
 +91 40 2343 1551 
[email protected]

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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