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
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Trident Texofab IPO details |
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| 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 |
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Trident Texofab’s financial performance (in INR lakh) |
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| 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]
Website: www.tridenttexofab.com
| Day |
Subscription (no. of times) |
| Day 1 | 0.01 |
| Day 2 | 0.23 |
| Day 3 | 1.36 |
| Day 4 | 7.70 |
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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:Â +91 40 6716 2222Â
Fax:Â +91 40 2343 1551Â
Email: [email protected]
Website:Â 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)
