IPOPLUS

Trishul Defence Systems

Upcoming

Mainboard IPO · NSE, BSE · Defence

Price Band

₹540 – ₹568

Lot Size

26 shares

Issue Size

₹2,100 Cr

GMP (Grey Market Premium)

₹145 (25.5%)

About Trishul Defence Systems

Trishul Defence Systems manufactures precision components, avionics sub-systems and drone platforms for Indian defence forces and global OEMs.

Issue Details
IPO Open Date16 Jun 2026
IPO Close Date18 Jun 2026
Basis of Allotment19 Jun 2026
Refunds Initiation22 Jun 2026
Listing Date23 Jun 2026
Face Value₹10
Fresh Issue₹1,500 Cr
Offer for Sale₹600 Cr
Minimum Investment (Retail)₹14,768
RegistrarLink Intime India
Lead ManagersSBI Capital, IIFL Securities, Nuvama
Strengths
  • Beneficiary of defence indigenisation
  • Order book 4.2x FY25 revenue
  • High entry barriers
Risks
  • Long working capital cycles
  • Dependence on MoD contracts
  • Technology obsolescence risk
Subscription Status
QIB—
NII (HNI)—
Retail—
Total—
Grey Market Premium

Updated 9 Jun 2026, 8:21 pm

₹145

Estimated listing: ₹713 (25.5% over upper band)

GMP is unofficial and indicative only. It is not a reliable predictor of listing price.