Trident Techlabs Ltd’s initial public offering (IPO) has created waves in the market, with an astounding 204.92 times subscription, reflecting a robust investor response. The grey market, too, is abuzz with anticipation, with unlisted shares trading at a Rs 50 premium, signaling a potential 142.86% listing gain.
| Parameter | Details |
|---|---|
| IPO Size | Rs 16.03 crore |
| Issue Price | Rs 33-35 per share |
| Subscription Period | December 21 to December 26 |
| Allotment Date | December 27 |
| Listing Date | December 29 (NSE SME) |
| Minimum Lot Size | 4000 shares |
Subscription Breakdown:
- Total Subscription: 204.92 times
- Non-Institutional Investors: 140.42 times
- Retail Individual Investors (RIIs): 337.41 times
- Qualified Institutional Buyers (QIBs): 3.11 times
Trident Techlabs IPO GMP (Grey Market Premium):
Trident Techlabs IPO GMP currently stands at Rs 50, indicating a 142.86% potential listing gain. The GMP, subject to market sentiments, serves as an indicator of the perceived value in the grey market
Conclusion:
Trident Techlabs IPO’s unprecedented subscription and the notable GMP in the grey market signal strong investor confidence and market optimism. As the IPO journey concludes, all eyes are on the listing date, December 29, when the company is poised to debut on NSE SME. The substantial interest from both institutional and retail investors positions Trident Techlabs for a potentially stellar market entry. Investors await the unfolding of what could be a remarkable success story in the IPO landscape.