This share is trading at bumper GMP of 128%, you can bid in IPO now, tremendous listing is expected

trident Subscriptions have not yet closed in Techlabs’ IPO (Trident Techlabs SME IPO) and this share is showing huge profits in the gray market. This IPO was open for subscription on 21 December. Investors will be able to bid in this IPO till December 26. The company has fixed the price band of Rs 33 to Rs 35 per share in the IPO. This IPO of Trident Techlabs is worth Rs 16.03 crore. If we believe the gray market premium (Trident Techlabs GMP), then investors can get bumper listing gains in this IPO.

Huge premium in gray market

Trident Techlabs shares are seen trading at a huge premium in the gray market. This share was seen trading at a gray market premium of Rs 45 on Saturday. Accordingly, this share can be listed on the stock exchanges at Rs 80 with a premium of 128.57 percent.

can place bets

You can still invest money in Trident Techlabs IPO. This IPO can be subscribed till 26 December. Retail investors can bid for 1 lot in this IPO. There are 4000 shares in one lot. To subscribe to this IPO you will have to invest a minimum of Rs 1,40,000.

What does the company do?

The allotment of shares in the IPO will take place on December 27. These shares can be listed on the stock exchanges on December 29. These shares will be listed on NSE SME Exchange. The company provides technology based solutions to aerospace, defence, automotive, telecommunications, semiconductor and power distribution industries.

(This is information only. Not investment advice. Investing in the stock market is risky. Consult your investment advisor before investing money)