Trident Techlabs IPO GMP

Trident Techlabs Limited, a prominent player in the technology solutions sector, is all set to launch its SME IPO on the NSE Emerge platform. With a total issue size of Rs 16.03 Crores, comprised entirely of fresh shares, this IPO presents an exciting investment opportunity. In this blog, we will delve into the Grey Market Premium (GMP) of Trident Techlabs IPO, its significance, and provide an analysis of the IPO’s key details.

Also See: All IPO GMP Price Today

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Understanding the Trident Techlabs IPO

Issue Size: Rs 16.03 Crores
Face Value: Rs 10 per share
Price Band: Rs 33 to Rs 35 per share
Minimum Lot: 4000 shares (or multiples thereof)

The IPO is open for subscription from December 21, 2023, to December 26, 2023. Investors can apply for shares by purchasing at least one lot of 4000 shares at the specified issue price.

Trident Techlabs IPO Grey Market Premium (GMP)

Grey Market Premium (GMP) is an unofficial market where shares of an IPO are traded before their official listing on the stock exchange. It is an indicator of market sentiment and gives potential investors an idea of how the IPO might perform on the listing day.

As of the latest available data, the GMP for Trident Techlabs SME IPO stands at ₹40, last updated on December 29, 2023. With a price band of ₹33 to ₹35, the estimated listing price for Trident Techlabs SME IPO can be calculated as ₹75 (cap price + today’s GMP). This suggests an expected percentage gain/loss per share of 114.29%.

Here’s a table showing the GMP trend for the IPO: [ Last Updated: 29 Dec, 2023; 09:45]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
29-12-2023₹35.00₹40121600₹75 (114.29%)
28-12-2023₹35.00₹40121600₹75 (114.29%)
27-12-2023₹35.00₹45136800₹80 (128.57%)
26-12-2023₹35.00₹50152000₹85 (142.86%)
25-12-2023₹35.00₹45136800₹80 (128.57%)
24-12-2023₹35.00₹45136800₹80 (128.57%)
23-12-2023₹35.00₹45136800₹80 (128.57%)
22-12-2023₹35.00₹40121600₹75 (114.29%)
21-12-2023₹35.00₹40121600₹75 (114.29%)
20-12-2023₹35.00₹40121600₹75 (114.29%)
19-12-2023₹35.00₹45136800₹80 (128.57%)
18-12-2023₹35.00₹42127700₹77 (120.00%)
17-12-2023₹35.00₹2885100₹63 (80%)
16-12-2023₹35.00₹1030400₹45 (28.57%)
15-12-2023₹35.00₹515200₹40 (14.29%)
14-12-2023₹0₹ (0%)

Note: GMP is subject to frequent changes, and these figures are accurate as of the mentioned dates.

Also See: Upcoming IPO in India

Significance of IPO Grey Market Premium (GMP)

IPO Grey Market Premium serves as an indicator of market sentiment and can influence investment decisions. A positive GMP suggests that the IPO may list at a profit, while a negative GMP indicates a potential discount on the listing price. However, it’s crucial to note that GMP is not an official or regulated market and is subject to extreme volatility.

Investors should exercise caution and not base their investment decisions solely on GMP. Before investing in the Trident Techlabs SME IPO or any IPO, it is essential to consider all relevant factors, conduct thorough research, and make informed investment decisions.

Also Read: Trident Techlabs Sets IPO Price Range at ₹33-35 per Share, Subscription to Open on December 21

About Trident Techlabs Limited

Trident Techlabs Limited, established in 2000, specializes in providing customized technology solutions to a diverse range of industries, including aerospace, defense, automotive, telecommunications, semiconductor, and power distribution. The company operates through two verticals: Engineering Solutions and Power System Solutions.

Engineering Solutions encompass a wide spectrum of offerings, such as system-level electronics design, chip-level electronics design, embedded design, hydraulic/pneumatic systems, and more. These services span the entire product development lifecycle.

Power System Solutions focus on supporting utilities in addressing challenges related to grid reliability, aging infrastructure, and smart grid technologies.

Also Read: Medi Assist Healthcare Services and Appejay Surrendra Park Hotels Receive SEBI Nod for IPOs

Strengths of Trident Techlabs SME IPO

  1. Diverse product portfolio of customized products, tools, and services.
  2. Strong relationships with a varied customer base.
  3. Customer-centric support services in Engineering and Power Systems Solutions.
  4. Extensive knowledge and experience across various industries.
  5. Experienced promoters and senior management team.

Also Read: Azad Engineering Announces IPO Price Band at Rs 499-524; Subscription to Open on December 20

Trident Techlabs SME IPO Objective

The company intends to utilize the net proceeds from the IPO for:

  1. Funding working capital requirements.
  2. General corporate purposes.

SME IPO Dates

Here are the key dates for Trident Techlabs SME IPO:

  • SME IPO Open Date: December 21, 2023
  • SME IPO Close Date: December 26, 2023
  • Basis of Allotment Finalization Date: December 27, 2023
  • Refunds Initiation Date: December 28, 2023
  • Credit of Shares to Demat Account Date: December 28, 2023
  • SME IPO Listing Date: December 29, 2023
Trident Techlabs IPO

In conclusion, Trident Techlabs Limited’s SME IPO presents an exciting investment opportunity, and the Grey Market Premium can provide valuable insights into market sentiment. However, it’s crucial for investors to conduct comprehensive research and consider various factors before making investment decisions in IPOs.

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