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Trident Lifeline IPO is a fixed price issue of ₹35.34 crores. The issue is entirely a fresh issue of 0.35 crore shares of ₹35.34 crore.
Trident Lifeline IPO bidding started from Sep 26, 2022 and ended on Sep 29, 2022. The allotment for Trident Lifeline IPO was finalized on Oct 4, 2022. The shares got listed on BSE SME on Oct 10, 2022.
Trident Lifeline IPO price is ₹101.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,21,200 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,42,400.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is Sunflower Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹101 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 34,99,200 shares (aggregating up to ₹35.34 Cr) |
| Reserved for Market Maker | 1,75,200 shares Sunflower Broking Pvt.Ltd. (aggregating up to ₹1.77 Cr) |
| Net Offered to Public | 33,24,000 shares (aggregating up to ₹33.57 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 80,00,000 shares |
| Share Holding Post Issue | 1,14,99,200 shares |
Trident Lifeline IPO offers total 34,99,200 shares. Out of which 16,62,000 (47.50%) allocated to NII, 16,62,000 (47.50%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,75,200 (5.01%) |
| NII (HNI) Shares Offered | 16,62,000 (47.50%) |
| Retail Shares Offered | 16,62,000 (47.50%) |
| Total Shares Offered | 34,99,200 (100.00%) |
Trident Lifeline IPO opens on September 26, 2022, and closes on September 29, 2022.
| IPO Open Date | Mon, Sep 26, 2022 |
| IPO Close Date | Thu, Sep 29, 2022 |
| Tentative Allotment | Tue, Oct 4, 2022 |
| Initiation of Refunds | Thu, Oct 6, 2022 |
| Credit of Shares to Demat | Fri, Oct 7, 2022 |
| Tentative Listing Date | Mon, Oct 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Sep 29, 2022 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,21,200 |
| Retail (Max) | 1 | 1,200 | ₹1,21,200 |
| HNI (Min) | 2 | 2,400 | ₹2,42,400 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 ₹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...
| Listing Date | October 10, 2022 |
| BSE Script Code | 543616 |
| NSE Symbol | |
| ISIN | INE0MKA01014 |
| Final Issue Price | ₹101 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹101.00 |
| Open | ₹105.00 |
| Low | ₹105.00 |
| High | ₹110.25 |
| Last Trade | ₹108.15 |
Trident Lifeline Ltd.
2nd Floor, Shop-2004,
North Extension, Falsawadi Begumpura, Nodh-4/1650,
Sahara Darwaja,
Surat, Gujarat, 395003
Phone: 8160276395
Email: compliance@tridentlifeline.com
Website: http://www.tridentlifeline.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: trilife.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Trident Lifeline IPO is a SME IPO of 34,99,200 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.
The IPO opens on September 26, 2022, and closes on September 29, 2022.
MUFG Intime India Pvt.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, and the minimum amount required for application is ₹1,21,200.
You can apply in Trident Lifeline IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Trident Lifeline IPO listing date is on Monday, October 10, 2022.
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