Tridhya Tech IPO: How to check the Allotment Status

Tridhya Tech IPO Allotment Status
Tridhya Tech IPO Allotment Status

by Tanushree Jaiswal Last Updated: Jul 05, 2023 - 11:03 pm 590 Views

Tridhya Tech IPO worth ₹26.41 crore, comprised entirely of a fr esh issue with no offer for sale component in it. The total SME IPO of Tridhya Tech Ltd entails issue of 62.88 lakh shares which at the upper band of the price range at ₹42 per share aggregates to ₹26.41 crore. The stock has a face value of ₹10 and the price band is ₹35 to ₹42. The retail bidders can bid in minimum lot size of 3,000 shares each. Thus, the minimum investment of ₹126,000 in the IPO as the base limit. That is also the maximum that a retail investor can apply for in the particular IPO.

Anchor Investor Shares Offered

14,31,000 shares (22.76%)

Market Maker Shares Offered

3,15,000 shares (5.01%)

QIB Shares Offered

15,54,000 shares (24.71%)

NII (HNI) Shares Offered

8,97,450 shares (14.27%)

Retail Shares Offered

20,90,550 shares (33.25%)

Total Shares Offered

62,88,000 shares (100%)

The response to the IPO of Tridhya Tech Ltd was extremely gratifying and it was subscribed 72.38X overall at the close of bidding on 14th June 2023 with the retail segment seeing 67.62 times subscription, non-retail HNI / NII portion seeing 181.72 times subscription and the QIB portion seeing 15.62 times subscription. The table below captures the overall allocation of shares with the oversubscription details for each and every category as of the close of the IPO on 05th July 2023.

Investor Category

Subscription (times)

Shares bid for

Total Amount (₹ Cr.)

Qualified Institutions

15.62

2,42,79,000

101.97

Non-Institutional Buyers

181.72

16,30,89,000

684.97

Retail Investors

67.62

14,13,63,000

593.72

Total

72.38

32,87,31,000

1,380.67

Total Applications : 47,121 (67.70 times)

The basis of allotment will be finalized on Monday, 10th July 2023, the refunds will be initiated on 11th July 2023, demat credits will be finalized on 12th July 2023, while the stock of Tridhya Tech Ltd will get listed on the NSE SME IPO segment on 13th July 2023. The company had a pre-IPO promoter holding of 80.80% and post the IPO, the promoter stake in Tridhya Tech Ltd will stand reduced to 58.98%. On listing, the company will have an indicative P/E ratio of 26.09X.

How to check the allotment status? Since this is an NSE SME IPO, there is no facility to check on the exchange website since NSE does not offer that facility and BSE only offers allotment status for mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can check your allotment status on the website of the IPO registrar, Link Intime India Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Tridhya Tech Ltd on Link Intime India Private Limited (Registrar to the IPO)

Visit the Link Intime registrar website for IPO status by clicking on the link below:

https://linkintime.co.in/IPO/public-issues.html

This dropdown will only show the active IPOs, so once the allotment status is finalized, you can select Tridhya Tech Ltd from the drop-down box. In the case of Tridhya Tech Ltd, data access will be allowed late on 10th of July 2023 or by middle of 11th of July 2023.

  • There are 4 options available to you and you will find these 4 options on the above access page itself. You can either access the allotment status based on PAN or Application Number or DPID / Client ID combination or based on the combination of the bank account / IFSC code used to apply for the IPO. You can select any one of the options that is preferred and provide the details accordingly.
     
  • If you opt for the PAN Number access, then enter the 10 character income tax permanent account number (PAN). This is an alphanumeric code available either on your PAN card or on top of your income tax return.
     
  • The second option is to use the Application Number that you used while making an application for the IPO. The application number is available on the acknowledgement provided to you and you can use that as one of the options to access allotment status.
     
  • The third option is to use the DPID-Client ID combination. Remember that here you have to enter the DP id and the demat client id together as one single string. This DPID / Client ID combination is a numeric figure for CDSL demat accounts while it is an alphanumeric string for NSDL demat accounts. This combination of DP ID / Client ID of your demat account will be available in your demat statement or you can also get it online from your online trading account or trading app downloaded on the smart phone.
     
  • The fourth option is to query based on the combination of your bank account number and IFSC number and irrespective of how many bank accounts you have, only use the bank account used for this particular IPO application. Once you click on this option, you find two boxes. First, enter your bank account number as it is. Secondly, enter the 11-character IFSC code, which is available on your cheque book. The first 4 characters of the IFSC code are alphabets and the last 7 characters are numeric. IFSC is an abbreviation for Indian Financial System Code and is unique to each account.
     
  • Finally, click on the Search button

The IPO status with number of shares of Tridhya Tech Ltd allotted will be displayed on the screen in front of you. You can take a screenshot of the output page for your records and later ever for reconciliation with the demat account status when shares are credited to your demat account on July 13, 2023.

Tridhya Tech Ltd, is an SME IPO on the NSE which opened for subscription on 30th June 2023. Tridhya Tech Ltd, was incorporated in 2018 to develop software products and solutions for clients. Tridhya provides IT consulting services to sectors and verticals like ecommerce, real estate, transport, logistics, insurance etc. In the realm of ecommerce, the company also provides enterprise content management solutions, bespoke web management, development of mobile apps, API development, support, front end design, graphical user interface (GUI) etc.

It handles the complete life cycle of the software solution and takes ownership end to end. This includes the product concept, product design, architecture, coding, testing and even deploying the same in the test environment and also in the real live environment. It had recently acquired Concentric IT Services Private Limited, Basic Root Technologies Private Limited, and Vedity Software Private Limited. Tridhya also has a strong global presence with clients located in Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, the Netherlands, Qatar, Singapore, UK, UAE, the US etc. It also has a strong domestic franchise.

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About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
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