Trident Techlabs IPO Set for 23 December 2023

Trident Techlabs IPO: An Exciting Opportunity for Investors!

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Trident Techlabs, a leading technology solutions provider, has recently announced the opening of its Initial Public Offering (IPO) for investment. The IPO will be open for subscription from December 21, 2023, to December 26, 2023. This is an excellent opportunity for investors to become a part of Trident Techlabs’ growth story.

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Trident Techlabs has set the share price band for its IPO at ₹33 to ₹35 per share. The company’s shares are already performing exceptionally well in the grey market, trading at a premium of 115%. This indicates strong investor interest and confidence in Trident Techlabs’ future prospects.

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The total size of the IPO is ₹160.3 crores. It is expected that Trident Techlabs’ shares may list around ₹75 per share, according to market experts. Currently, in the grey market, the company’s shares are trading at a premium of ₹40. If the shares are allotted at the upper end of the price band (₹35), investors can expect a listing price of around ₹75 per share.

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Investors who are allotted shares in the IPO can potentially earn up to 115% returns on the first day of stock listing. The IPO is open to retail investors, who can purchase a minimum of one lot. Each lot consists of 4,000 shares, requiring a minimum investment of ₹1,40,000.

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The distribution of Trident Techlabs’ shares will take place on Wednesday, December 27. The stock will be listed on Friday, December 29, 2023, on the Stock Exchange. The company’s shares will be listed on the NSE SME Exchange.

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Trident Techlabs primarily operates in the aerospace, defense, automotive, telecommunications, semiconductor, and energy distribution industries, providing technological services. The company’s expertise in these sectors positions it as a promising player in the market.

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With Trident Techlabs’ IPO, investors have a chance to be a part of a growing business and potentially earn substantial returns. Don’t miss out on this exciting opportunity to invest in Trident Techlabs and be a part of its success story!

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(Note: This news article is purely for informational purposes and should not be considered as financial advice. Investors are advised to conduct their due diligence before making any investment decisions.)

Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.