In a remarkable display of investor confidence, the Trident Techlabs IPO has achieved an astounding subscription rate of 119.76 times on the second day of bidding, December 22, 2023.
**Category-wise Subscription Breakdown:**
1. **QIB (Qualified Institutional Buyers):**
– Subscription: 3.07 times
– Shares Offered: 8,04,000
– Shares Bid For: 24,68,000
2. **NII (Non-Institutional Investors):**
– Subscription: 68.34 times
– Shares Offered: 6,64,000
– Shares Bid For: 4,53,76,000
3. **Retail Investors:**
– Subscription: 202.42 times
– Shares Offered: 15,48,000
– Shares Bid For: 31,33,44,000
**Overall Subscription Summary:**
– Total Subscription: 119.76 times
– Total Shares Offered: 30,16,000
– Total Shares Bid For: 36,11,88,000
The Trident Techlabs IPO has received an overwhelming response, with retail investors leading the way by subscribing a staggering 202.42 times. Non-Institutional Investors also showed significant interest, subscribing 68.34 times. While the QIB category witnessed a comparatively lower subscription of 3.07 times, the overall subscription rate of 119.76 times indicates robust demand for the IPO.
The total number of applications for the Trident Techlabs IPO stands at an impressive 78,336, underscoring the widespread interest and high demand among investors.
As the subscription period concludes, market participants eagerly anticipate the allotment process, and the IPO is poised for an exciting listing in the stock market. The exceptional subscription figures reflect positive market sentiment, and investors will closely monitor the performance of Trident Techlabs in the days to come.
