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News Details

22/09/2022 20:00

Trident Lifeline announces launch of initial public offering

Trident Lifeline Ltd. has announced public offering of 3499200 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 91.00 per share. The gross proceeds of the issue are expected to be Rs 3,534.19 lakhs.

The company's initial public offer (IPO) will open on 26 September 2022 and is expected to close on 29 September 2022, subject to customary closing conditions.

The IPO includes a fresh Issue of 3499200 Equity Shares of the Company at an price of Rs 101.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Trident Lifeline Ltd. anticipates using the proceeds of the issue for .

Beeline Capital Advisors Pvt. Ltd. as lead manager & LINK INTIME INDIA PRIVATE LIMITED is the registrar, to the issue.