Yudiz Solutions IPO: How to check the Allotment Status

Yudiz Solutions IPO: How to check the Allotment Status
Yudiz Solutions IPO: How to check the Allotment Status

by Tanushree Jaiswal Last Updated: Aug 23, 2023 - 11:47 am 310 Views

The ₹44.84 crore IPO of Yudiz Solutions Ltd  consists entirely of a fresh issue of shares with no offer for sale (OFS) component in the IPO issue. The company has issued a total of 27,17,600 fresh shares in the price band of ₹162 to ₹165 per share aggregating to total issue size of ₹44.84 crore when calculated at the upper end of the price band. The break-down of the offer reservation across different categories of investors is as under.

 

Anchor Investor Shares Offered

7,60,000 shares (27.97%)

Market Maker Shares Offered

1,36,800 shares (5.03%)

QIB Shares Offered

5,20,000 shares (19.13%)

NII (HNI) Shares Offered

3,92,800 shares (14.45%)

Retail Shares Offered

9,08,000 shares (33.41%)

Total Shares Offered

27,17,600 shares (100%)

 

The response to the IPO of Yudiz Solutions Ltd was relatively tepid and it was subscribed 5.03X overall at the close of bidding on 08th August 2023 with the retail segment seeing 6.41 times subscription and the HNI / NII portion seeing 4.77 times subscription. The QIB portion saw oversubscription of just about 2.81 times, resulting in an overall subscription of 5.03 times overall. The table below captures the overall allocation of shares with the oversubscription details as of the close of the IPO on 08th August 2023.

 

Investor Category

Subscription (times)

Shares bid for

Total Amount (₹ Cr.)

Anchor Investors

1

7,60,000

12.54

Market Maker

1

1,36,800

2.26

Qualified Institutions

2.81

14,61,600

24.12

Non-Institutional Buyers

4.77

18,72,000

30.89

Retail Investors

6.41

58,20,800

96.04

Total

5.03

91,54,400

151.05

 

The basis of allotment will be finalized on Friday, 11th August 2023, the refunds will be initiated on 14th August 2023, demat credits will be finalized on 17th August 2023, while the stock of Yudiz Solutions Ltd will get listed on the NSE and the BSE on 17th August 2023. The company had a pre-IPO promoter holding of 100.00% and post the IPO, the promoter stake in Yudiz Solutions Ltd will stand reduced to 73.66%. On listing, the company will have an indicative P/E ratio of 61.8X.

How to check the allotment status. Since this is an NSE SME IPO, there is no facility to check on the exchange website and BSE only offers allotment status mainboard IPOs and for BSE SME IPOs. If you have applied for the IPO, you can either check your allotment status on the website or the on the website of the IPO registrar, Bigshare Services Private Limited. Here are the steps that you need to follow to check allotment status.

Checking the allotment status of Yudiz Solutions Ltd on MAS Services (Registrar to IPO)

Visit the MAS Services registrar website for checking the IPO allotment status by clicking on the link below:

https://www.masserv.com/opt.asp

Once you go to the main allotment status page of MAS Services the investors have 2 options. They can either query for the IPO allotment status based on the Application Number or on the basis of a combination of DP ID and Client ID. Here is how you can go about both these options.

  • To Query by Application Number, click on the “Search on Application No.” hyperlink. This will take you to a fresh page with a box provided to input the application number. Here is what needs to be done.
     
    • Enter the Application Number as it is
    • Enter the 6-digit Captcha Code
    • Click on Submit button
    • Allotment Status gets displayed on screen showing number of shares allotted
       
  • To Query by DP-ID, click on the “Search on DP-id/Client id” hyperlink. This will take you to a fresh page with 2 boxes provided to input the DP ID and the Client ID in that order. Here is what needs to be done.
     
    • Enter the DP-ID
    • Enter the Client-ID
    • Enter the 6-digit Captcha Code
    • Click on Submit button
    • Allotment Status gets displayed on screen showing number of shares allotted

MAS Services Ltd offers you the facility to toggle between the two search options of application number and DP id, without going back to the main page. It is a good idea to take  a screenshot of the final output for your records and also for reconciliation with the demat account on the demat allotment date.

A quick word on Yudiz Solutions Ltd and the SME IPO

Yudiz Solutions IPO, is an SME IPO on the NSE which has opened for subscription on 04th August 2023. Yudiz Solutions Ltd, was incorporated in 2012 as a specialized IT solutions and consultancy services company. It is not just positioned as a technology services company but also as a digital transformation company. Its areas of operations include mobile app development, game development, Blockchain, AR/VR web development, apart from the regular activities like website development, ecommerce set up, and portal development for the clients. Its blockchain and game app development businesses  are the most robust of the verticals it operates in.

Yudiz Solutions Ltd offers the complete array of IT solutions in Mobile, Web, AR/VR, UI/UX and IoT through integrating trending technologies. Its various platforms include News Platform, E-commerce Bidding Platform, On-Demand Services Platform, VR Training platform, Upskilling Industry specific VR platform, HR Intelligence platforms and many more. The company brings some very unique and distinct advantages to the table like domain expertise, skilled team, an integrated one-stop solution offering and low attrition rates ensuring that there is continuity in its solution offerings. The fresh funds will be used by the company for acquisitions, new product development, networking, and brand building. Being in the knowledge industry, much of the outlay would be into intangibles.

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About the Author

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

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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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