Listing Details
- Listing Exchange NSE SME
- Listing Date 13-Jul-23
- IPO Price Range ₹ 35 to ₹ 42
- Listing Price ₹ 42
- Listing Change 0.0%
- Last Traded Price ₹ 42.5
- Current Change 1.2%
Tridhya Tech IPO Details
- Open Date 30-Jun-23
- Close Date 05-Jul-23
- Lot Size 3000
- IPO Size ₹ 26.41 Cr
- IPO Price Range ₹ 35 to ₹ 42
- Min Investment ₹ 105000
- Listing Exchange NSE SME
- Basis of Allotment 10-Jul-23
- Refunds 11-Jul-23
- Credit to Demat Account 12-Jul-23
- Listing Date 13-Jul-23
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 |
Tridhya Tech IPO Synopsis
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.
About Tridhya Tech
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:
Tridhya Tech Financial Status
Profit and Loss
Balance Sheet
| 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 |
Tridhya Tech IPO Key Points
-
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.
How to apply for IPO?
-
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 -
Approve the mandate request on your UPI and funds
will be blocked
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Please keep below documents handy:
- PAN Card
- Aadhar Card
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Tridhya Tech IPO FAQs
What is the minimum lot size required for the Tridhya Tech IPO?
The minimum lot size required for the Tridhya Tech IPO is 3000 shares.
What is the price band of the Tridhya Tech IPO?
The price band of the Tridhya Tech IPO is Rs.35 to Rs. 42 per share.
When does the Tridhya Tech IPO opens and closes?
The Tridhya Tech IPO opens on June 30, 2023 and closes on July 5, 2023.
What is the size of the Tridhya Tech IPO?
The Tridhya Tech IPO comprises a total issue of 6,288,000 shares (aggregating up to ₹26.41 Cr).
What is the allotment date of Tridhya Tech IPO?
The allotment date of Tridhya Tech IPO 10th July 2023.
What is the Tridhya Tech IPO listing date?
The listing date Tridhya Tech IPO of 13th July 2023.
Who are the book runners for Tridhya Tech IPO?
Interactive Financial Services Ltd is the book runner for Tridhya Tech IPO.
What is the objective of the 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.
How to apply for the Tridhya Tech IPO?
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 Details of Tridhya Tech IPO
Contact Information
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