Trident Techlabs IPO Overview | Upcoming IPO | moneymultiple.in
1. Price Band: Rs 33 to Rs 35 per share.
2. Subscription Dates: December 21 to December 26.
3. Lot Size: 4,000 shares.
4. Minimum Bid: Investors can bid for a minimum of 4,000 shares and in multiples thereof.
Company Information:
1. Business Verticals: Trident Techlabs provides custom-built technology solutions to businesses in semiconductor, automotive, telecom, aerospace, defence, and power distribution industries.
2. RHP Statement: According to the Red Herring Prospectus, there are no listed companies in India engaged in a business similar to Trident Techlabs.
IPO Details:
1. Offer Size: Rs 16.03 crore, with a fresh issue of 4,580,000 equity shares and no Offer for Sale (OFS) component.
2. Use of Proceeds: Net proceeds will be used for general corporate purposes and working capital needs.
IPO Allocation:
1. Reservation:
- Qualified Institutional Buyers (QIB): Not more than 50%.
- Non-Institutional Investors (NII): Not less than 15%.
- Retail Investors: Not less than 35%.
- Market Maker Portion: Up to 7.86% of the issue.
2. Basis of Allotment: Tentatively finalized on December 27.
3. Refund Initiation: Scheduled for December 28.
4. Listing Date: Shares expected to be listed on NSE SME on December 29.
Grey Market Premium (GMP):
- GMP Today: Rs 0, indicating shares were trading at the issue price of Rs 35 with no premium or discount.
Disclaimer:
Please note that market conditions may change, and it's advisable to stay updated with the latest information before making any investment decisions.