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:
- Mr.Hardik J. Desai (Designation: Managing Director)
- Mr.Chetan C. Jariwala (Designation: Whole-time Director)
- 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 |
