look news india
New Delhi: Shares of Trident Techlabs have jumped by more than 1900% in 10 months. The IPO of Trident Techlabs came in December last year. The company's share price in IPO was Rs 100. Was 35 years old. On November 1, 2024, the shares of the company will be worth Rs. Closed at 716.80. The market cap of the company is Rs. The figure of Rs 1235 crore has been crossed. Shares of Trident Techlabs hit 52-week high. Is 998. At the same time, the company's shares reached a 52-week low of Rs 93.25.
Trident Techlabs IPO opens on 21st December 2023 and remains open till 26th December, Investors gained 194% on the first day The company's share price in IPO was Rs 100. Was 35 years old. On December 29, 2023, shares of Trident Techlabs will be priced at Rs. Was listed at 98.15. On the day of listing the company's shares rose rapidly to Rs. Reached 103.05. Rupee. Against the issue price of Rs 35, shares of Trident Techlabs gained 194% on the first day. The promoters' stake in the company is 67.97 percent. At the same time, public shareholding is 32.03 percent.
The company's IPO was subscribed 763 times.
The IPO of Trident Techlabs was subscribed a total of 763.30 times. The quota of retail investors in the company's IPO was subscribed 1059.43 times. Thus, the Non-Institutional Investors (NII) category was subscribed 854.37 times. The IPO received 117.91 times subscription from qualified institutional buyers (QIB) category. Trident Techlab was started in the year 2000. Trident TechLabs provides technology-based solutions to the aerospace, defense, automotive, telecommunications, semiconductor and power distribution industries. Engineering Solutions and Power System Solutions are the two verticals of the company. Retail investors can bid for only 1 lot in the Trident Techlabs IPO. One lot of the IPO was 4000 shares. That means retail investors invest Rs 1,000 in the IPO of a company. Had to invest Rs 140000.”,