Tridhya Tech IPO
IPO Details
- Open Date
30 Jun 2023
- Close Date
05 Jul 2023
- IPO Price Range
₹ 35 to ₹ 42
- IPO Size
₹ 26.41 Cr
- Listing Exchange
NSE SME
- Listing Date
13 Jul 2023
IPO Timeline
Tridhya Tech IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 30-Jun-23 | 0.00 | 0.10 | 0.59 | 0.29 |
| 03-Jul-23 | 0.55 | 0.60 | 2.36 | 1.39 |
| 04-Jul-23 | 0.55 | 2.61 | 7.32 | 4.07 |
| 05-Jul-23 | 15.62 | 181.72 | 67.62 | 72.38 |
Last Updated: 03 January 2024 8:57 PM by 5Paisa
Tridhya Tech provides software development services and solutions its IPO opens on 30th June and closes on 5th July.
The issue consists of a fresh issue of 6,288,000 shares (aggregating up to ₹26.41 Cr). The price band for the issue is fixed at Rs. 35 to Rs. 42 per share. The lot size is set for 3000 shares per lot. The shares will be allotted on the 10th of July and the issue will be listed on the 13th July on the stock exchanges.
The book-running lead manager to the offer is Interactive Financial Services Ltd.
Objectives of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Repayment of unsecured and secured loans,
2. General Corporate Purpose, and
3. Meeting Public Issue Expenses.
Tridhya Tech Limited provides software development services and solutions.
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.
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
Peer Comparison
• Dev Information Technologies Limited
• Silver Touch Technologies Limited
• Infobeans Technologies Limited
For More Information:
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue | 1322.05 | 826.58 | 434.94 |
| EBITDA | 178.46 | 228.09 | 156.51 |
| PAT | 322.61 | 85.89 | 24.14 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 2598.06 | 1199.77 | 136.96 |
| Share Capital | 145.86 | 1 | 1 |
| Total Borrowings | 1410.03 | 1194.71 | 1290.16 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 158.53 | 350.94 | 38.85 |
| Net cash from / (used in) investing activities | 1307.74 | 587.91 | 8.09 |
| Net cash flow from / (used in) financing activities | 964.27 | 411.74 | 20.44 |
| Net increase (decrease) in cash and cash equivalents | 184.94 | 174.77 | 10.32 |
Strengths
1. End-to-end IT Services under a single umbrella
2. Skilled Team
3. Quality services
Risks
1. The company acquired the shares of Contcentric IT Services Private Limited and Basilroot Technologies Private Limited to make them subsidiaries of the Company. The price paid per Equity share for acquiring the shares is higher than the Value of the share as per the valuation report.
2. The subsidiary company Contcentric IT Services Private Limited (Contcentric) had paid an advance of Rs.311.55 lacs to Vinay Danger, Director of the Company against the property.
3. The Company had taken a loan from Ratnnafin Capital Private Limited (Ratnnafin) of Rs.202.50 lacs and as on December 31, 2022, the outstanding amount was Rs.119.96 lacs. The condition of the sanction letter is not fulfilled by the Company.
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FAQs
The minimum lot size required for the Tridhya Tech IPO is 3000 shares.
The price band of the Tridhya Tech IPO is Rs.35 to Rs. 42 per share.
The Tridhya Tech IPO opens on June 30, 2023 and closes on July 5, 2023.
The Tridhya Tech IPO comprises a total issue of 6,288,000 shares (aggregating up to ₹26.41 Cr).
The allotment date of Tridhya Tech IPO 10th July 2023.
The listing date Tridhya Tech IPO of 13th July 2023.
Interactive Financial Services Ltd is the book runner for Tridhya Tech IPO.
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
1. Repayment of unsecured and secured loans,
2. General Corporate Purpose, and
3. Meeting Public Issue Expenses.
To apply for the Tridhya Tech IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Contact Information
Tridhya Tech
Tridhya Tech Limited
401, One World West,
Near Ambli T-Junction 200' S. P. Ring Road,
Bopal Ahmedabad - 380058
Phone: +919571831080
Email: grievance@tridhyatech.com
Website: https://www.tridhyatech.com/
Tridhya Tech IPO Register
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tridhyatech.ipo@linkintime.co.in
Website: https://linkintime.co.in/
Tridhya Tech IPO Lead Manager
Interactive Financial Services Ltd