“Trident Techlabs IPO Opens at ₹33-35 per Share – Should You Subscribe?

Trident Techlabs, a technology-driven company catering to industries such as aerospace, defense, automotive, telecommunications, semiconductors, and power distribution, has opened its Initial Public Offering (IPO) for subscription. The IPO opened today and is set to close on December 26, 2023. This IPO, valued at ₹16.03 crore, comprises a fresh issue of shares totaling 45.8 lakh.

The company specializes in system-level electronic design, chip-level electronic design, embedded design, hydraulic/pneumatic systems, system modeling, reliability and quality, design automation, power electronics, PCB design, salute analysis, and engineering services. With 50% of the issue reserved for Qualified Institutional Buyers (QIB), 35% for non-institutional investors, and the remaining 15% for retail investors, the IPO has a minimum lot size of 4,000 shares.

For retail investors, the minimum investment required is ₹140,000. Trident Techlabs has shown significant growth, with a 128.4% increase in revenue and a staggering 760.3% rise in Profit After Tax (PAT) from March 31, 2022, to March 31, 2023.

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The shares are available for trading on the stock market, and according to market analysts, Trident Techlabs shares are currently trading at a premium of ₹40 in the gray market. With 11.07 times oversubscription or more than ₹174 crore raised, the IPO subscription period for Trident Techlabs ended on Wednesday, December 27, 2023.

The listing date for Trident Techlabs IPO on NSE SME is yet to be confirmed, and further updates will be available on Friday, December 29, 2023.”

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