Trinetra Semicon Limited
Electronics Manufacturing · Mainboard IPO
Last updated 2026-08-01 18:30 IST
Key details
- Price band
- Rs 612 – 645
- Face value
- Rs 5
- Lot size
- 23 shares
- Minimum investment
- Rs 14,835
- Issue size
- Rs 2,100 Cr
- Fresh issue
- Rs 1,400 Cr
- Offer for sale
- Rs 700 Cr
- Employee discount
- Rs 60 per share for eligible employees
- Retail quota
- 35% of the issue
- Registrar
- KFin Technologies Limited
- Exchanges
- BSE, NSE
- Opening date
- 24 Jun 2026
- Closing date
- 26 Jun 2026
- Allotment date
- 27 Jun 2026
- Listing date
- 01 Jul 2026
Explain this IPO simply
The same information as the prospectus, written the way you would explain it to a friend.
What the company does
Trinetra Semicon assembles and tests semiconductor packages for automotive and industrial customers under contract manufacturing agreements.
How it earns money
Customers pay per unit assembled and tested, with volumes tied to their own production plans.
Why it is launching an IPO
The issue funded new testing lines and working capital.
Where the IPO money will be used
Capital expenditure on test lines (44%), Working capital (18%), General corporate purposes (5%), Offer for sale to selling shareholders (33%).
Major strengths
Long-standing automotive customers, Capacity expansion underway.
Major risks
Customer concentration, Cyclical demand, Technical business model.
Clarity score: 67 / 100
What this score means
Financial performance
Revenue moved from Rs 2,410 Cr in FY2023 to Rs 3,080 Cr in FY2025. Profit after tax over the same period moved from Rs 168 Cr to Rs 224 Cr. These are past figures only and are not a forecast.
Potential strengths
Long-standing automotive customers
Contracts with vehicle component makers span several years.
Source: RHP, Our Business, page 150
Capacity expansion underway
New test lines increase the volume the company can handle.
Source: RHP, Objects of the Offer, page 102
Potential risks
Customer concentration
A few customers account for most revenue.
Source: RHP, Risk Factors, page 27
Cyclical demand
Orders fall when automotive and industrial production slows.
Source: RHP, Risk Factors, page 40
Technical business model
The operations are harder for a beginner to evaluate than a consumer business.
Source: RHP, Our Business, page 148
Use of IPO funds
Money marked as going to selling shareholders does not reach the company.
Valuation
- 58.2
- 6.8
- Earnings per share
- 11.1
- Return on net worth
- 11.7%
- Net asset value
- 94.8
Peer comparison
| Company | P/E | RoNW |
|---|---|---|
| Elektra Components | 49.4 | 13.2% |
| Circuit Systems India | Data unavailable | Data unavailable |
Peer data is incomplete
Subscription status
- Day 1 total
- 0.62x
- Day 2 total
- 1.44x
- Latest total
- 4.30x
Updated 2026-06-26 17:00 IST
Important documents
IPO timeline
IPO opens
24 Jun 2026
First day you can apply.
IPO closes
26 Jun 2026
Last day to apply, usually by evening.
Allotment
27 Jun 2026
Who gets shares is decided.
Refund / unblock
30 Jun 2026
Blocked money is released if you did not get shares.
Shares in demat
30 Jun 2026
Allotted shares reach your demat account.
Listing day
01 Jul 2026
Shares start trading on the exchange.
Frequently asked questions
Where this information comes from
- Last updated
- 2026-08-01 18:30 IST
- Last verified
- 2026-07-31
- Primary source
- Exchange listing announcement
- Secondary source
- RHP filed with SEBI