Trident Texofab Ltd

trident texofab ltd

About the Company:

Trident Texofab Ltd was incorporated in the year 2008 and the promoters of the Company are Hardik J. Desai and Chetan C.Jariwala who have an experience of about two decades in textile industry.

We are a multi-product fabric trading Company and our range includes home furnishing, bedsheets, scarfs, pareos, suiting and shirting and technical textile fabrics, etc.Company’s product portfolio includes finished, unfinished fabrics and value added fabrics.

Company’s proficiency lies in understanding the specific requirement of the customers and based on which they place the order of their products to manufacturers having requisite manufacturing facilities.

They supervise 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.

Company’s producct range includes home furnishing, bedsheets, scarfs, pareos,suiting and shirting and technical textile fabrics, etc.

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Management Team:

  1. Mr.Hardik J. Desai (Designation: Managing Director)
  2. Mr.Chetan C. Jariwala (Designation: Whole-time Director)
  3. Mr.Maniya H. Desai (Designation: Additional Non-Executive Director)


TOP 10 Shareholders:

Sr.No. Shareholder Name Number of Equity Shares held Percentage of Equity Share Capital %
1. Hardik J. Desai 22,85,211 81.04
2. Chetan C. Jariwala 5,07,980 18.01
3. Maniya H. Desai 26,644 0.94
4. Rupal Jariwala 10 Negligible
5. Anjana Desai 10 Negligible
6. Kailashben C. Jariwala 10 Negligible
7. Mohammed Yusuf Karbhari 10 Negligible
Total 28,19,875 100%


Objectives of the Issue:

  • Working capital Requirements.
  • General Corporate Expenses.
  • Issue Expenses.
  • Listing Benefits.


Financials of the Company:

(in Crores) FY 13 FY 14 FY 15 FY 16 FY 17
Revenue 34.49 60.51 62.65 66.03 76.19
Net Profit 0.12 0.22 0.18 0.058 0.34


IPO Details:

Details Info
Issue Opens on 21st September 2017
Issue Closes on:. 26th September 2017
Issue Price Rs.30
Face Value Rs.10
Minimum Lot 4000
Minimum Investment Rs.1,20,000
Issue Constitutes 29.43%
Issue Size Rs.3.52 cr
Market Cap Rs.11.98 cr
Listing at BSE SME
Equity Shares Offered 11,76,000
Equity Shares Prior 28,19,875
Equity Shares after the issue 39,95,875


IPO Valuation Parameters:

Earnings Per Share (EPS) Price To Earnings ratio (PE) Return on Net Worth (RoNW) Net Asset Value (NAV)
1.03 29.13 8.97% 11.47


Markets Guruji Opinion:

IPO View Apply For: Expected listing Gain:
Avoid NA NA