Trident Lifeline IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Let’s have a detailed review of the company and analytics of the Trident Lifeline IPO release date, IPO offer price, subscription, Trident Lifeline Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs. 101 |
| Listing At | BSE SME |
| Min. Order Quantity | 1200 Shares |
| Listing Date | Oct 10, 2022 |
| Offer for Sale | – |
| Fresh Issue | Rs. 3,534.19 Lakh |
| IPO Size | Rs. 3,534.19 Lakh |
| Tick Size | 1 |
Trident Lifeline IPO is listed at a Rs. 91 premium. Check out the live share price by clicking on the below link.
Trident Lifeline IPO – Summary
The Company was originally incorporated as “Trident Lifeline Private Limited” as a Private Limited Company under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated January 09, 2014, issued by the Registrar of Companies, Gujarat, Dadra and Nagar Havelli.
Subsequently, their Company was converted into a Public Limited Company pursuant to shareholders resolution passed at Extra-ordinary General 
Meeting of their Company held on June 02, 2022 and the name of their Company was changed to “Trident Lifeline Limited”.
A fresh Certificate of Incorporation consequent upon Conversion from Private Limited Company to Public Limited Company dated June 10, 2022 was issued by the Registrar of Companies, Ahmedabad. The Corporate Identification Number of their Company is U51909GJ2014PLC078227.
The Promoter of this company isMr. Hardik Jigishkumar Desai, Mr. Mayurkumar Mansukhbhai Gajera, Mrs. Rupaben C Jariwala, Mrs. Rinkal Mayurbhai Gajera, Mr. Tarang Nathabhai Gajera and Mr. Mohak Nathabhai Gajera.
The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.
Trident Lifeline IPO Date
The opening of Trident Lifeline IPO will be on Sep 26, 2022 and the closing date Sep 29, 2022.
Trident Lifeline IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 26th Sept | 0.07x | 0.06x | 0.06x |
| 2nd Day – 27th Sept | 0.43x | 0.33x | 0.38x |
| 3rd Day – 28th Sept | 0.63x | 0.52x | 0.58x |
| 4th Day – 29th Sept | 1.69x | 0.98x | 1.34x |
| Shares Offered or Net Issue | 1,662,000 | 1,662,000 | 3,324,000 |
The shares subscribed by the public will be updated here.
Trident Lifeline IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Trident Lifeline Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Oct 4, 2022 |
| Refunds Initiation | Oct 6, 2022 |
| Credit of Shares to Demat Account | Oct 7, 2022 |
| Share Listing Date | Oct 10, 2022 |
Trident Lifeline IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.101.
Trident Lifeline IPO Equity Size
This Initial Public Issue of 3324000 Equity Shares of Rs.10 each for cash at a price of Rs.101 per equity share aggregating to Rs.3,357.24 Lakh.
Trident Lifeline IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3324000 Equity Shares of Rs.10/ each.
Issue Size: 3499200 Equity Shares of Rs.10 each, aggregating to Rs. 3,534.19 Lakh.
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Trident Lifeline IPO – Live Performance
The listing date of this IPO is Oct 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Trident Lifeline Share Price |
Trident Lifeline IPO Grey Market Premium
The Trident Lifeline Limited IPO Grey Market Premium price is Rs. 4 , the Kostak rate is Rs X and the Subject to Sauda is X.
Trident Lifeline IPO – Company Overview
Promoters of their company are Mr. Hardik Jigishkumar Desai, Mrs. Rupaben Chetankumar Jariwala, Mr. Mayurkumar Mansukhbhai Gajera, Mrs. Rinkal Mayur Gajera, Mr. Tarang Nathabhai Gajera and Mr. Mohak Nathabhai Gajera.
Mr. Hardik Jigishkumar Desai re-joined their company as Additional Executive Director in year 2020 and consequently acquired 40 equity shares, in aggregate, from Kirtilal Chunilal Mehta HUF, Vimlaben Kirtilal Mehta, Kalpana Paras Mehta and Suresh Mehta on November 15, 2021.
In this dynamic and extremely competitive business environment, they have developed a diversified business model. Their promoters and directors have a combined experience of more than 19 years in the pharmaceutical products, Bulk drugs.
Driven by the passion for building an integrated pharmaceutical company, backed by their experience, their Promoters have been the pillars of their Company’s growth and have built a strong value system for their Company.
With their enriching experience and progressive thinking, they aim to continue to grow in the pharmaceutical and bulk drugs industry.
Trident Lifeline IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Total Assets | 1385.98 | 1144.41 | 638.92 |
| *Total Revenue | 2237.14 | 978.13 | 500.71 |
| Total Expense | 1,931.10 | 892.74 | 608.23 |
| Profit After Tax | 227.32 | 63.23 | -79.63 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 3.98 | 1.53 | (3.12) |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.227.32 Lakh, Rs.63.23 Lakh, and Rs.-79.63 Lakh, respectively.
Trident Lifeline IPO – Promoters
The Promoter of this company is:
- Mr. Hardik Jigishkumar Desai
- Mr. Mayurkumar Mansukhbhai Gajera
- Mrs. Rupaben C Jariwala
- Mrs. Rinkal Mayurbhai Gajera
- Mr. Tarang Nathabhai Gajera
- Mr. Mohak Nathabhai Gajera
List of Related Parties (Key Managerial Personnel)
- Mr. Mayurkumar Manshukhbhai Gajera, Chief Financial Officer
- Mr. Kunal Amrishbhai Chauhan, Company Secretary and Compliance Officer
Trident Lifeline IPO – Promoters Holding
- Pre Issue Share Holding -100%
- Pos Issue Share Holding – 69.57%
Trident Lifeline IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3499200 Equity Shares aggregating up to Rs. 3,534.19 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 175200 Equity Shares aggregating up to Rs.176.95 Lakh |
| Net Issue to the Public | Up to 3324000 Equity Shares aggregating up to Rs. 3,357.24 Lakh |
| Of which: | |
| Retail Investors Portion | 1662000 Not less than 50% |
| Other than Retail Individual Investors | 1662000 Not more than 50% |
| Equity Shares outstanding prior to the Issue | 8000000 Equity Shares |
| Equity Shares outstanding after the Issue | 11499200 Equity Shares |
Trident Lifeline IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding 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
Trident Lifeline IPO – Business Strategy
- Improve global presence
- Leveraging their market skills and relationship
- To increase brand visibility
- Maintaining edge over competitors
- Customer Satisfaction
Trident Lifeline IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Wide range of Products
- Strategic Location of Contract Manufacturing Facilities
- Diversified business operations and revenue base
- Scalable Business Model
- Quality assurance
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 3.98 | 47.33% | 6.00 |
| 31-Mar-21 | 1.53 | – | – |
| 31-Mar-20 | (3.12) | – | – |
Trid
ent Lifeline IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Trident Lifeline Limited | 10 | 25.36 | 3.98 | 47.33% | 2,176.79 |
| Listed Peers | |||||
| Vaishali Pharma Limited | 10 | 20.92 | 3.82 | 15.27 | 7,153.68 |
| Chandra bhagat Pharma limited | 10 | 82.97 | 1.06 | 2.99 | 9,407.56 |
Trident Lifeline IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED SEBI Registration Number: INM000012917 Address: 807, Phoenix, Opp. Girish Cold Drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad -380009, Gujarat, India Telephone Number: 079 4840 5357 Email Id: mb@beelinemb.com Investors Grievance Id: ig@beelinemb.com Website: www.beelinemb.com Contact Person: Mr. Nikhil Shah CIN: U67190GJ2020PTC114322 |
Trident Lifeline IPO Registrar to offer
| Registrar to the Offer |
| LINK INTIME INDIA PRIVATE LIMITED SEBI Registration Number: INR000004058 Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai – 400 083, Maharashtra, India Tel. Number: 022 4918 6200 Fax: 022 4918 6195 Email Id: trilife.ipo@linkintime.co.in Investors Grievance Id: trilife.ipo@linkintime.co.in Website: www.linkintime.co.in Contact Person: Shanti Goapalkrishnan CIN: U67190MH1999PTC118368 |
Trident Lifeline IPO – Other Details
- Statutory Auditor – M/s. A. Bafna & Associates, Chartered Accountants
- Legal Counsel to the Company – M V KINI, LAW FIRM
- Bankers to the Company –AXIS BANK LIMITED
Trident Lifeline IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Trident Lifeline Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Trident Lifeline IPO Review FAQs
Check out various FAQs related to Trident Lifeline IPO:
What is the Issue Size of Trident Lifeline IPO?
The Company is making an initial public offer of 3,499,200 equity shares. We vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and the net issue.
What is the Price band of Trident Lifeline IPO?
The price band for this particular IPO ranges between Rs. 101. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Trident Lifeline IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 26, 2022, while the closing date is set at Sep 29, 2022.
What is the Trident Lifeline IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Oct 4, 2022, refund initiation is on Oct 6, 2022, credit of shares is on Oct 7, 2022, and share listing date is on Oct 10, 2022.
What is the Trident Lifeline IPO Listing Date?
Shares of this company shall be listed in the exchanges Oct 10, 2022. The date, when the listing would be done, is stagnant on Oct 10, 2022.
Who is the Registrar of Trident Lifeline IPO?
One of the reputed registrars is managing the issue of this IPO, LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Trident Lifeline IPO?
Here are the promoters of this IPO – 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. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Trident Lifeline IPO?
We have obtained the GMP of this IPO and it is Rs.4 Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Trident Lifeline IPO good for Investment?
We have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Trident Lifeline Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, and 31-Mar-20 were Rs.227.32 Lakh, Rs.63.23 Lakh, and Rs.-79.63 Lakh, respectively.
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