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Trident Lifeline Limited IPO (Trident Lifeline IPO) Detail

Sep 26, 2022 - Sep 29, 2022

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.

Company Financials

Trident Lifeline Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet Worth
31-Mar-20638.92500.71-79.63-300.03
31-Mar-211144.41978.1363.23-47.07
31-Mar-221385.982237.14227.32480.25
Amount in ₹ Lakhs

Objects of the Issue

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

Trident Lifeline IPO Details

Trident Lifeline IPO Date Sep 26, 2022 to Sep 29, 2022
Trident Lifeline IPO Face Value ₹10 per share
Trident Lifeline IPO Price ₹101 per share
Trident Lifeline IPO Lot Size 1200 Shares
Issue Size3,499,200 shares of ₹10
(aggregating up to ₹35.34 Cr)
Fresh Issue3,499,200 shares of ₹10
(aggregating up to ₹35.34 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
NII (HNI) Shares Offered50% of the net offer
Retail Shares Offered50% of the net offer
Company Promoters

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.

Trident Lifeline IPO Timeline (Tentative Timetable)

Trident Lifeline IPO opens on Sep 26, 2022, and closes on Sep 29, 2022. The Trident Lifeline IPO bid date is from Sep 26, 2022 10.00 A.M. to Sep 29, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Date
Trident Lifeline IPO Opening Date Sep 26, 2022
Trident Lifeline IPO Closing Date Sep 29, 2022
Basis of Allotment Oct 4, 2022
Initiation of Refunds Oct 6, 2022
Credit of Shares to Demat Oct 7, 2022
Trident Lifeline IPO Listing Date Oct 10, 2022

Trident Lifeline IPO Lot Size

The Trident Lifeline IPO lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹121,200).

Application Lots Shares Amount
Retail (Min) 1 1200 ₹121,200
Retail (Max) 1 1200 ₹121,200

Trident Lifeline IPO Promoter Holding

Pre Issue Share Holding 100%
Post Issue Share Holding 69.57%

Trident Lifeline IPO Review

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...


Trident Lifeline IPO Subscription Status (Bidding Detail)

The Trident Lifeline IPO is subscribed 1.34 times on Sep 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)

CategorySubscription (times)
NII1.69
Retail0.98
Total1.34

Trident Lifeline IPO Prospectus

Trident Lifeline IPO Rating

29
2.6
Rating:Rated 2.6 stars
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Company Contact Information

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/

Trident Lifeline IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: trilife.ipo@linkintime.co.in
Website: https://linkintime.co.in/

Trident Lifeline IPO Review

Trident Lifeline IPO Recommendation Summary

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Members 0 0 1

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Trident Lifeline IPO FAQs

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 Sep 26, 2022, and closes on Sep 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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Trident Lifeline IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Trident Lifeline IPO opens on Sep 26, 2022 and closes on Sep 29, 2022.

Trident Lifeline IPO lot size is 1200 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Trident Lifeline IPO will be done on Oct 4, 2022, and the allotted shares will be credited to your demat account by Oct 7, 2022. Check the Trident Lifeline IPO allotment status.

The Trident Lifeline IPO listing date is not yet announced. The tentative date of Trident Lifeline IPO listing is Oct 10, 2022.
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