How To Check Trident Techlabs IPO Allotment Status

Trident Techlabs, a small and medium-sized enterprise IPO, witnessed an overwhelming response from investors. The subscription rate on the final day reached an impressive 502.64 times. The IPO subscription period spanned from December 21 to December 26. The company is scheduled to finalise the IPO allotment today Dec. 27, you can check the Trident Techlabs IPO allotment status by following these steps.

Checking Allotment Status on Registrar’s Website:

Follow these steps to check Trident Techlabs IPO allotment status

  • Visit the registrar's website.
  • In the “Select IPO” dropdown menu, choose "Trident Techlabs."
  • Select one of the three options to check the status: Application No, Demat Account, or PAN.
  • Enter the details as per the option selected.
  • Input the provided Captcha and click Submit.

If all the details are entered correctly and the allotment has been finalised, the Trident Techlabs IPO allotment status will be visible.

See Also: Most Anticipated IPOs Of 2024 In India: A Guide To Next Year’s Public Market Debuts

IPO Overview: The IPO price band for Trident Techlabs was fixed at ₹33 to ₹35 per share, with a minimum lot size requirement of 4,000 shares. Retail investors were required to make a minimum investment of ₹1,40,000.

Remarkably, the retail investors’ segment experienced an extraordinary subscription rate of over 1,000 times on the third and final day. Similarly, the portion designated for non-institutional investors (NIIs) was subscribed over 800 times, while the qualified institutional buyers (QIBs) segment saw a subscription rate exceeding 110 times.

Trident Techlabs specializes in providing technology-based solutions to a diverse range of industries, including aerospace, defence, automotive, telecommunications, semiconductor, and power distribution. The company operates through two distinct verticals, namely engineering solutions and power system solutions. The overwhelming subscription numbers suggest a robust market appetite for the company’s offerings.

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Posted In: NewsIPOsTrident Techlabs