As of December 21, 2023, at 1:41 PM (Day 1), the Trident Techlabs IPO has witnessed robust demand from investors, with the subscription status indicating a substantial oversubscription. The subscription details across different investor categories are as follows:
– **QIB (Qualified Institutional Buyers):**
– Subscription: 1.00 times
– Shares Offered: 8,04,000
– Shares Bid For: 8,04,000
– **NII (Non-Institutional Investors):**
– Subscription: 5.23 times
– Shares Offered: 6,64,000
– Shares Bid For: 34,76,000
– **Retail:**
– Subscription: 21.68 times
– Shares Offered: 15,48,000
– Shares Bid For: 3,35,56,000
– **Total:**
– Overall Subscription: 12.55 times
– Total Shares Offered: 30,16,000
– Total Shares Bid For: 3,78,36,000
The Trident Techlabs IPO has received an overwhelming response, especially from retail investors who have subscribed 21.68 times the shares offered in this category. Non-Institutional Investors (NII) have also shown significant interest, subscribing 5.23 times.
The total number of applications received is 8,389, reflecting the strong demand for Trident Techlabs IPO shares. Investors and market participants will be closely monitoring the subscription trends in the coming days to gauge the overall investor sentiment towards the IPO.
