What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Trident Techlabs Limited IPO allotment date?

The basis of allotment for Trident Techlabs Limited IPO is scheduled to be finalized on 27 Dec 2023.

Where can I check Trident Techlabs Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Maashitla Securities Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 28 Dec 2023.

Trident Techlabs Limited

ListedSME

Emerging SME Services · NSE

Incorporated in 2000, Trident Techlabs Limited provides advanced technology-driven solutions across aerospace, defence, automotive, telecom, semiconductor and power distribution sectors. The company operates through two key verticals. Its Engineering Solutions division offers consulting and technical services in system-level and chip-level electronic design, embedded systems, PCB design, power electronics, hydraulic and pneumatic systems, system modelling, design automation, reliability and electromagnetic simulations. Its Power System Solutions division provides products and services that support utilities in enhancing the performance of ageing power transmission infrastructure, integrating renewable energy, and implementing smart grid technologies. The company has a team of over 100 engineers and skilled professionals.

Price Band

₹33 – ₹35

Issue Size

₹16.03 Cr

Lot Size

4000 shares

GMP

₹40

+114.3%

Est. Listing

₹75

at current GMP

Subscribed

763.30x

overall

Open

21 Dec 2023

26 Dec 2023

Allotment

27 Dec 2023

Refund

28 Dec 2023

Demat Credit

29 Dec 2023

Listing

29 Dec 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Trident Techlabs Limited Allotment Status

Designated Registrar: Maashitla Securities Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

27 Dec 2023

Basis finalization

Refunds Initiate

28 Dec 2023

Mandate release

Demat Credit

29 Dec 2023

Shares in demat

Listing Debut

29 Dec 2023

Trading begins

How to Check Trident Techlabs Limited IPO Allotment Status

Click the Check on Registrar button above to visit Maashitla Securities Private Limited's allotment portal.
Select Trident Techlabs Limited from the dropdown company list.
Choose your lookup mode: PAN Number, Application Number, or DP Client ID.
Enter your details accurately and solve the Captcha code.
Click Submit / Search to view the number of shares applied and allotted to you.

About Trident Techlabs Limited Public Issue & Market Profile

Trident Techlabs Limited is bringing an initial public offering (IPO) in the Emerging SME Services sector with an aggregate issue size of ₹16.03 Crores. The shares are offered at a price band of ₹33 to ₹35 per equity share on NSE. Currently, traders and retail applicants are calculating expected listing gains and break-even points based on unofficial grey market quotations.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 4000 shares (approx. ₹1,40,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Maashitla Securities Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-12-29, while un-allotted funds or UPI block mandates will be released on 2023-12-28.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.