Trident Texofab Limited IPO is about to debut on 21 September 2017, with an issue size of 3.53CR. Trident Texofab Limited is an Indian company that was established in 2008. The company specializes in the manufacturing and supply of garment and textile fabrics, offering a diverse range of products such as home furnishing, bedsheets, scarfs, pareos, suiting and shirting, and technical textile fabrics. Their product portfolio includes finished and unfinished fabrics, as well as value-added fabrics.
Trident Texofab Limited adopts a hands-on approach when it comes to manufacturing its products. The company identifies the manufacturer, places purchase orders, and supervise the entire manufacturing process. This includes the purchase of raw materials, stringent quality checks and controls, and scheduled delivery of the final product based on the specific requirements of the customer. Through its commitment to quality and attention to detail, Trident Texofab Limited has established itself as a reliable and trusted provider of textile and garment fabrics.
Industry Overview
India’s textiles industry has been a major contributor to the country’s economy for centuries. It is a labor-intensive industry and employs about 40 million workers, with an additional 60 million indirectly employed. The industry contributes 14% to industrial production and 4% to GDP, and accounts for nearly 15% of total exports. In FY 2015-16, India’s textile exports were valued at $40 billion, and the size of the country’s textile market is expected to reach $226 billion by 2023, growing at a CAGR of 8.7% between 2009 and 2023. The government has established training and design centers to improve technical skills in the apparel industry, and the National Institute of Fashion Technologies has played a pioneering role in the growth of the apparel industry and exports.
Trident Texofab IPO Details
| IPO Date | Sep 21, 2017 to Sep 26, 2017 |
| Listing Date | Oct 5, 2017 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,176,000 shares(aggregating up to ₹3.53 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Company Financials
| 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 |
Objects of the Issue
The objects of the Issue are:
1. Funding of working capital requirements of the Company
2. General Corporate Expenses
3. Issue Expenses
Trident Texofab IPO Prospectus
Company Contact Information
Trident Texofab Ltd
2004 2nd Flr North Extension,
Nodh 4/1650 Sahara Darwaja,
Surat – 395003
Phone: + 91-261-2451284/2451274
Email: info@tridentexofab.com
Website: http://www.tridenttexofab.com
Trident Texofab IPO Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: einward.ris@karvy.com
Website: https://karisma.kfintech.com/
Trident Texofab IPO Lead Manager(s)
- Guiness Corporate Advisors Pvt Ltd (Past IPO Performance)
