Trident Techlabs IPO: Check GMP, subscription status on day 3, other key details
Trident Techlabs IPO: The initial public offering (IPO) of small and medium-sized enterprises (SME) Trident Techlabs received strong response from investors on Tuesday, December 26, as the issue was subscribed 502.64 times on the third and final day of bidding. Trident Techlabs opened for subscription on December 21 and closes on Tuesday, December 26. Trident Techlabs IPO received overwhelming response from retail investors, non-institutional investors (NIIs) and qualified institutional buyers (QIBs) on day two.
All three portions were fully subscribed on the final day. The issue was subscribed 121.07 times on the second day of bidding. Also Read: Trident Techlabs IPO; Know price band, issue size, date, GMP and other details Trident Techlabs provides technology-based solutions to the aerospace, defence, automotive, telecommunications, semiconductor, and power distribution industries.
The company has two verticals - engineering solutions and power system solutions. Trident Techlabs IPO has received bids for 2,30,21,00,000 shares against 45,80,000 shares on the offer, according to NSE data. Trident Techlabs has reserved not more than 33.8 per cent of the shares in the public issue for retail investors, not less than 14.5 per cent for NIIs, not less than 17.55 per cent for QIBs, not less than 7.86 per cent for market maker, and not less than 26.29 per cent for the anchor investors.
On the third and final day, the portion reserved for retail investors was subscribed over 1,000 times. Trident Techlabs IPOs' retail investors' portion received bids for 1,63,99,96,000 shares against 15,48,000 shares on offer for this segment. The portion reserved for NIIs was subscribed over 800 times.
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