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People are in shock over the IPO of a small company Trident Techlabs. People have invested a lot of money on the company’s IPO. The quota of retail investors in Trident Techlabs IPO has been subscribed more than 1000 times. At the same time, a total of more than 763 bets have been placed on the company’s IPO. Shares of Trident Techlabs are roaring even in the gray market. The company’s shares are currently trading at a premium of over 140 percent on the gray market.
More than 140% profit on listing day
Trident Techlabs IPO Price Band Rs. 33 to 35 is. At the same time, the company’s shares are trading at a premium of Rs 50 in the gray market. Rs. At the upper price band of 35, shares of Trident Techlabs traded at Rs. 85 may be listed around. That is, investors who will be allotted shares of the company in the IPO can expect a profit of around 143% on the day of listing. Trident Techlabs’ IPO opened for subscription on December 21 and remains open till December 26, 2023. Allotment of shares in the company’s IPO may be finalized on December 27. At the same time, Trident TechLabs shares may list on December 29.
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The retail quota has been subscribed more than 1000 times
Trident Techlabs IPO has been subscribed a total of 763.30 times. At the same time, retail investors have subscribed 1059.43 times the quota in the company’s IPO. While the stake in the Non-Institutional Investors (NII) category is 854.37 times. The IPO was oversubscribed by 117.91 times in the category of eligible institutional buyers. Trident TechLab was started in the year 2000. The company provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor and power distribution industries.
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