Incorporated in 2014, Trident Lifeline Limited is engaged in the marketing of pharmaceutical products in domestic as well as international market. The company is also engaged in distribution of pharmaceutical products through third-party distribution network.
Trident Lifeline Limited offers a wide range of pharmaceutical formulations and products manufactured on contract manufacturing under a loan licence.
Trident Lifeline product portfolio consists of 832 products, as on May 31, 2022, including Anti Bacterial, Anti Diarrheal, Anti Fungal, Anti Malerial, Anti Diabetic, Dental Cure, Proton Pump Inhibitor, Anti Protozol, Anti Histamine, Anti Hypertensive drugs, Anti Lipidemic Drug, Anti Parasitic, Multivitamin, Multimineral Nyteraceutical and Non-steroidal anti-inflammatory drug (NSAIDs).
Trident Lifeline core business categories:
1. Ethical marketing of pharmaceutical formulation & products in the International Market through a third-party distribution network and sales force under its brand.
2. Getting the approved formulations manufactured through Contract Manufacturers, Source & Supply of Generic Pharma formulation and medicines in Domestic as well as International Market.
The company operate in India as well as African, Latin American and East Indian Countries. The company have a presence through registered products or products under registration in countries like Bolivia, Cambodia, Cameroon, Chile, Ghana, Kenya, Myanmar, Nigeria, Peru, Sudan, Tajikistan, Uzbekistan, and Venuzela.
| Purpose | Amount (₹ Cr) |
|---|---|
| 1 To Meet Working Capital Requirements | ₹21 |
| 2 Product registration in the International Markets | ₹5 |
| 3 General Corporate Purpose | ₹7 |
| 4 Public Issue Expenses | ₹3 |
| Metric | 31-Mar-20 | 31-Mar-21 | 31-Mar-22 |
|---|---|---|---|
| Total Assets | 639 | 1,144 | 1,386 |
| Revenue | 501 | 978 | 2,237 |
| PAT | -80 | 63 | 227 |
| Net Worth | -300 | -47 | 480 |
| Category | Sub (x) | Offered | Bid For |
|---|---|---|---|
| NII / HNI | — | 1,662,000 (48%) | — |
| Retail (RII) | — | 1,662,000 (48%) | — |
| Market Maker | — | 175,200 (5%) | — |
| Total | — | 3,499,200 (100%) | — |
* Amount calculated at upper price band (₹101) · ** Total includes all investor categories
- 1 Initiation of Refund 06 Oct 2022
- 2 Credit of Shares to Demat 07 Oct 2022
- Retail allocation is strong at 48% of the total offering.
- HNI/NII demand is strong at 48%.
- The IPO P/E of 52x reflects a weak valuation relative to typical market ranges.
This IPO shows moderate investor interest. Review financial details and compare valuation with industry peers before investing.
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