Trident Techlabs Limited has already created a buzz in the stock market even before its listing. In the grey market, there’s a premium of ₹45 over the IPO price of ₹35, which is currently trading at ₹80 according to market experts. The company aims to raise just ₹16 crores, but investors are ready to contribute ₹200 crores. Grey market specialists predict a potential profit of 128% for those subscribing to Trident Techlabs Limited’s IPO within three days.
Trident Techlabs IPO GMP Trend
The examination of the company’s documents in the grey market began on December 11, and the profiles of the company’s founder, Sharad Naithani (Chairman), promoter Praveen Kapoor (Managing Director), and Sukesh Chandra Naithani (CEO and CFO) were verified.
The IPO price was announced on December 15, starting with a ₹5 premium based on available data. By December 16, the premium increased to ₹10, and on December 17, it surged to ₹28. With the company’s valuation completed on December 18, the premium was declared as ₹42. On December 19, the premium rose again to ₹45, dropped to ₹40 on December 20, and remained steady until December 22. On December 23, the premium increased once again to ₹45.
The company intends to sell its shares at ₹35 in the IPO, with room for negotiation up to ₹2. Market specialists suggest that the stock market listing may push the share price to ₹80 on the first day. If this prediction holds true, IPO subscribers could potentially gain a 128% profit on the listing day.
About Trident Techlabs Limited
According to information released by Trident Techlabs Limited in the stock market, the company was established in the year 2000. It primarily provides services to aerospace, defense, automotive, telecommunications, semiconductor, and electricity companies. Trident Techlabs boasts a robust team of over 100 skilled engineers always ready to address any technical challenges in their respective fields.
Trident Techlabs IPO Issue Price Open Close Listing Date Investment
The IPO opens on December 21 and closes on December 26. Allotment refunds will be processed on December 27, and share credits to demat accounts will occur on December 28. The listing date on NSE SME is scheduled for December 29, with a face value of ₹10 per share, a price band of ₹33 to ₹35 per share, a lot size of 4000 shares, and a minimum and maximum investment of ₹140,000.
Trident Techlabs Limited Financial Information
The financial closing data presented by the company covers the period from March 31, 2021, to March 31, 2023. Additionally, figures up to October 31, 2023, have been provided to illustrate the current status. For simplicity, the numbers have been rounded.
– Property reduced from ₹59 crores to ₹50 crores but increased to ₹61 crores by October 31.
– Revenue increased from ₹28 crores to ₹68 crores, with approximately ₹21 crores by October 31.
– Net worth grew from ₹13 crores to ₹16 crores, reaching nearly ₹25 crores by October 31.
– Reserves and surplus rose from ₹9 crores to ₹16 crores, with an estimated ₹20 crores.
– Bank loans and market debt decreased from ₹30 crores to ₹23 crores, with a current debt of ₹25 crores by October 31.
– Profit after tax went from a loss of ₹33 lakhs on March 31, 2021, to a profit of ₹55 crores on March 31, 2023. By October 31, a profit of approximately ₹26 crores had been achieved, suggesting a potential profit of around ₹50 crores by March 31, 2024.
Disclaimer:
Before making any investment decisions, it’s essential to seek advice from your financial advisor. Always remember that when you invest in the stock market, all risks are solely yours.