Trident Techlabs IPO Takes Off: Issue Overbooked 121 Times in Gray Market!
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Trident Techlabs IPO Takes Off: Issue Overbooked 121 Times in Gray Market!

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Trident Techlabs IPO Takes Off: Issue Overbooked 121 Times in Gray Market!

Trident Techlabs IPO: The price range for this offering has been set at Rs 33–35 per share. Shares will be distributed to investors who are successful on December 27 following the subscription. Its listing will happen on NSE SME on December 29 at the same time. An application must have a minimum lot size of 4000 shares.

In a stunning display of investor enthusiasm, the upcoming initial public offering (IPO) of Trident Techlabs has sent shockwaves through the Indian market. The issue, which opened for subscription on Monday, has already been oversubscribed a staggering 121 times in the gray market, surpassing all expectations and hinting at a potential blockbuster listing.

This unprecedented demand has catapulted Trident Techlabs to the forefront of investor attention, making it one of the most hotly anticipated IPOs in recent memory. The gray market, which trades unlisted securities, typically provides an early indication of investor sentiment toward an upcoming IPO. A 121x oversubscription at this stage is unheard of, signifying exceptional confidence in the company’s prospects.

Trident Techlabs IPO Blazes Ahead: Subscriptions Reach 121x in Gray Market
Trident Techlabs IPO Blazes Ahead: Subscriptions Reach 121x in Gray Market (Image Source: Google)

The IPO of Trident Techlabs has gotten great feedback from investors. There have been 121.07 subscriptions to this issue thus far. A total of 36.51 crore shares have been bid for, out of the 30.16 lakh shares that are being offered. The subscription period for this IPO began on December 21 and will end on December 26. The book-built IPO of Trident Techlabs is priced at Rs 16.03 crore. Under this IPO, 45.8 lakh new equity shares have been issued.

State of various categories

Data till December 22 shows that 121.07 times have been subscribed to this initial public offering. In the retail category, the issue has subscriptions 204.78 times. 3.07 times the percentage of eligible institutional purchasers are present. In the NII category, subscriptions were received 68.83 times concurrently. We would like to inform you that today, December 25, the stock market is closed.

Update on the gray market

The IPO of Trident Techlabs is very popular on the gray market. As of today, December 25, it is selling in the unlisted market at a premium of Rs 45. As a result, it is anticipated that the company’s shares will be floated for Rs 80. Investors will make a whopping 128 percent profit if this occurs.

Information about the IPO

For this IPO, a price range of Rs 33–35 per share has been set. Shares will be distributed to investors who are successful on December 27 following the subscription. Its listing will happen on NSE SME on December 29 at the same time. An application must have a minimum lot size of 4000 shares. A minimum investment of Rs 1,40,000 will be required from retail investors.

The registrant of the Trident Techlabs IPO is Mashitala Securities Pvt Ltd, while the book-running lead manager is GYR Capital Advisors Pvt Ltd. Giriraj Stock Broking is the market maker for Trident Techlabs IPO.

Trident Techlabs IPO
Trident Techlabs IPO Takes Off: Issue Overbooked 121 Times in Gray Market! (Image Source: Google)

Driving the Hype

Several factors are contributing to the frenzied excitement surrounding the Trident Techlabs IPO:

  • Booming Tech Sector: The Indian technology sector is witnessing explosive growth, fueled by rising internet penetration, mobile adoption, and government initiatives like Digital India. Trident Techlabs, with its focus on cutting-edge AI and cloud computing solutions, is perfectly positioned to capitalize on this burgeoning market.
  • Strong Financials: The company boasts impressive financials, with consistent revenue growth and healthy profitability. This track record of success further bolsters investor confidence and raises expectations for future performance.
  • Prominent Backers: The IPO is backed by renowned venture capital firms and marquee investors, adding another layer of credibility and appeal to the offering.

Read This Also: Innova Captab IPO Explodes: Issue Subscribed Over 55 Times, Retail & NII Feast!

What Lies Ahead

The gray market buzz is a strong indicator of potential success for the Trident Techlabs IPO on the listing day. However, it’s crucial to remember that gray market prices are not indicative of the final listing price. Investors should conduct thorough due diligence and assess the company’s fundamentals before making any investment decisions.

Despite the hype, one question remains: can Trident Techlabs live up to the sky-high expectations? Only time will tell, but one thing is for sure – this IPO is set to be a landmark event in the Indian technology landscape, watched closely by investors and industry players alike.


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