BUSINESS

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BUSINESS

Trident Techlabs lists at 180% premium

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Trident's stellar debut

Trident Techlabs debuted on the National Stock Exchange's SME platform with a 180.4% premium, opening at Rs. 98.15 per share.

2

Massive IPO subscription

The Rs. 16-crore IPO received over 700x subscriptions, with retail investors subscribing over 1,000 times and NIIs nearing 854 times. QIBs segment saw the least subscription with over 100 bids.

3

About company

Specializing in custom technology solutions, Trident Techlabs serves industries such as aerospace, defense, automotive, and more.

4

IPO proceeds allocation

The company plans to allocate IPO net proceeds toward funding working capital requirements and general corporate purposes.

5

Impressive financials

As of October 2023, Trident Techlabs reported revenue from operations at Rs. 21 crore and a net profit of Rs. 2.66 crore.