IPO Issue Details
Issue Price / Price Band₹42 per share (Fixed Price)
Face Value₹10 Per Share
Lot Size3,000 Shares per Lot
Total Issue Size62,88,000 shares (aggregating up to ₹26.41 Cr)
Issue TypeBookbuilding IPO
Sale Type / CategoryFresh Capital
Exchange / PlatformNSE SME
IPO TypeSME
Subscription OpenFri, 30 Jun 2023
Subscription CloseWed, 05 Jul 2023
Anchor AllotmentThu, 29 Jun 2023
Basis of AllotmentMon, 10 Jul 2023
Initiation of RefundsTue, 11 Jul 2023
Credit of Shares to DematWed, 12 Jul 2023
Listing DateThu, 13 Jul 2023
UPI Mandate Deadline2023-07-05
Application & Investment Details
Retail — Min (1 Lots)₹1,26,000 — 3,000 shares
Retail — Max (13 Lots)₹1,638,000 (13 Lots)
HNI — Min (2 Lots)₹2,52,000 — 6,000 shares
QIB Quota47.47% of Issue
NII / HNI Quota14.27% of Issue
Retail Quota33.25% of Issue
Market Maker Quota5.01% of Issue
EPS (Pre-IPO)₹44.44
P/E Ratio (Pre-IPO)26.09x
Net Offer to Public59,73,000 shares (aggregating up to ₹25.09 Cr)
Reserved for Market Maker3,15,000 shares (aggregating up to ₹1.32 Cr)
Pre-IPO Promoter Holding1,70,00,000 shares
Post-IPO Promoter Holding2,32,88,000 shares
About Tridhya Tech Ltd.
Incorporated in 2018, Tridhya Tech Limited provides software development services and solutions.Tridhya Tech provides IT consultancy services to industries like e-commerce, Real estate, Transport & Logistics, Insurance, and other sectors. The company also provides services related to e-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development, and Graphic design.The company provides customized software products, which start from the initial concept of the product requirement, designing the architecture, coding, and testing, deploying to the final deployment of the product. It also provides post-deployment support on time to time basis to our clients. The company also provides project management, consultation services, maintenance, and support services to ensure the successful completion of the project and the longevity of the software.In January 2022, the Company acquired Concentric IT Services Private Limited (Concentric), a software development company by acquiring 100 % equity. In December 2022, the Company acquired Basilroot Technologies Private Limited (BTPL), and also Vedity Software Private Limited (Vedity) software development companies by acquiring 100% equity.Tridhya has a strong presence in the international market i.e., Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, UAE, UK, and USA. In the domestic market, the company's customer base is based in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka
Objects of the Issue
Tridhya Tech Ltd. proposes to utilise the net proceeds for the following objects as stated in the DRHP:
1
Repayment of unsecured and secured loans.
Amount: 18.80
2
General Corporate Purpose,
Amount: 6.00
Shareholding & Lock-in
Pre-IPO Promoter Holding
1,70,00,000 shares
Post-IPO Promoter Holding
2,32,88,000 shares
