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Trident Lifeline IPO is a fixed price issue of Rs 35.34 crores. The issue is entirely a fresh issue of 34.99 lakh shares.
Trident Lifeline IPO bidding started from September 26, 2022 and ended on September 29, 2022. The allotment for Trident Lifeline IPO was finalized on Tuesday, October 4, 2022. The shares got listed on BSE SME on October 10, 2022.
Trident Lifeline IPO price is ₹101 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹121,200. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹242,400.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Trident Lifeline IPO, while Link Intime India Private Ltd is the registrar for the issue.
Refer to Trident Lifeline IPO RHP for detailed information.
| IPO Date | September 26, 2022 to September 29, 2022 |
| Listing Date | October 10, 2022 |
| Face Value | ₹10 per share |
| Price | ₹101 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 3,499,200 shares (aggregating up to ₹35.34 Cr) |
| Fresh Issue | 3,499,200 shares (aggregating up to ₹35.34 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 8,000,000 |
| Share holding post issue | 11,499,200 |
| Market Maker portion | 175,200 shares |
Trident Lifeline IPO offers 3,499,200 shares. 1,662,000 (47.50%) to NII, 1,662,000 (47.50%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 175,200 (5.01%) |
| Other Shares Offered | 1,662,000 (47.50%) |
| Retail Shares Offered | 1,662,000 (47.50%) |
| Total Shares Offered | 3,499,200 (100%) |
Trident Lifeline IPO opens on September 26, 2022, and closes on September 29, 2022.
| IPO Open Date | Monday, September 26, 2022 |
| IPO Close Date | Thursday, September 29, 2022 |
| Basis of Allotment | Tuesday, October 4, 2022 |
| Initiation of Refunds | Thursday, October 6, 2022 |
| Credit of Shares to Demat | Friday, October 7, 2022 |
| Listing Date | Monday, October 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 29, 2022 |
Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹121,200 |
| Retail (Max) | 1 | 1200 | ₹121,200 |
| HNI (Min) | 2 | 2,400 | ₹242,400 |
| Lot Size Calculator | |||
Mr. Hardik Jigishkumar Desai, Mr. Mayurkumar Mansukhbhai Gajera, Mrs. Rupaben C Jariwala, Mrs. Rinkal Mayurbhai Gajera, Mr. Tarang Nathabhai Gajera and Mr. Mohak Nathabhai Gajera are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.57% |
Incorporated in 2014, Trident Lifeline Limited is engaged in the marketing of pharmaceutical products in domestic as well as international market. The company is also engaged in distribution of pharmaceutical products through third-party distribution network.
Trident Lifeline Limited offers a wide range of pharmaceutical formulations and products manufactured on contract manufacturing under a loan licence.
Trident Lifeline product portfolio consists of 832 products, as on May 31, 2022, including Anti Bacterial, Anti Diarrheal, Anti Fungal, Anti Malerial, Anti Diabetic, Dental Cure, Proton Pump Inhibitor, Anti Protozol, Anti Histamine, Anti Hypertensive drugs, Anti Lipidemic Drug, Anti Parasitic, Multivitamin, Multimineral Nyteraceutical and Non-steroidal anti-inflammatory drug (NSAIDs).
Trident Lifeline core business categories:
1. Ethical marketing of pharmaceutical formulation & products in the International Market through a third-party distribution network and sales force under its brand.
2. Getting the approved formulations manufactured through Contract Manufacturers, Source & Supply of Generic Pharma formulation and medicines in Domestic as well as International Market.
The company operate in India as well as African, Latin American and East Indian Countries. The company have a presence through registered products or products under registration in countries like Bolivia, Cambodia, Cameroon, Chile, Ghana, Kenya, Myanmar, Nigeria, Peru, Sudan, Tajikistan, Uzbekistan, and Venuzela.
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth |
|---|---|---|---|---|
| 31-Mar-20 | 638.92 | 500.71 | -79.63 | -300.03 |
| 31-Mar-21 | 1144.41 | 978.13 | 63.23 | -47.07 |
| 31-Mar-22 | 1385.98 | 2237.14 | 227.32 | 480.25 |
| Amount in ₹ Lakhs | ||||
The market capitalization of Trident Lifeline IPO is Rs 116.14 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 51.53 |
The Issue Proceeds from the Fresh Issue will be utilized for the following objects:
1. To Meet Working Capital Requirements
2. Product registration in the international markets
3. General Corporate Purpose
4. To meet Public Issue Expenses
[Dilip Davda] TLL is operating in a highly competitive segment with third-party contract manufacturing. Based on FY22 earnings, the issue is aggressively priced. There is no harm in skipping this pricy issue. Read detail review...
The Trident Lifeline IPO is subscribed 1.34 times on September 29, 2022 6:59:00 PM. The public issue subscribed 0.98 times in the retail category, times in the QIB category, and 1.69 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 1.69 |
| Retail | 0.98 |
| Total | 1.34 |
| Listing Date | October 10, 2022 |
| BSE Script Code | 543616 |
| NSE Symbol | |
| ISIN | INE0MKA01014 |
| Final Issue Price | ₹101 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹101.00 |
| ₹105.00 |
| ₹105.00 |
| ₹110.25 |
| ₹108.15 |
Trident Lifeline Limited
2nd Floor, Shop-2004,
North Extension, Falsawadi Begumpura, Nodh-4/1650,
Sahara Darwaja, Surat – 395003
Phone: 8160276395
Email: compliance@tridentlifeline.com
Website: http://www.tridentlifeline.com/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: trilife.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Trident Lifeline IPO is a SME IPO of 3,499,200 equity shares of the face value of ₹10 aggregating up to ₹35.34 Crores. The issue is priced at ₹101 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 26, 2022, and closes on September 29, 2022.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in Trident Lifeline IPO using UPI as a payment gateway. Zerodha customers can apply in Trident Lifeline IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Trident Lifeline IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Trident Lifeline IPO opens on September 26, 2022 and closes on September 29, 2022.
Trident Lifeline IPO lot size is 1200 Shares, and the minimum amount required is ₹121,200.
You can apply in Trident Lifeline IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Trident Lifeline IPO will be done on Tuesday, October 4, 2022, and the allotted shares will be credited to your demat account by Friday, October 7, 2022. Check the Trident Lifeline IPO allotment status.
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