Yudiz Solutions IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Yudiz Solutions IPO will open on August 4 and close on August 8, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 44.84 crores through this public offering, consisting of 27.17 lakhs shares with a face value of ₹ 10 each, which will be issued at a price of ₹162 to ₹165 per share.
Yudiz Solutions Limited (“the Company”)
Yudiz Solutions Limited was incorporated in 2011. The company is engaged in the business of providing IT solutions and consulting focused on providing scalable and secure solutions to shape a business idea by implementing the latest and cutting-edge technologies. They have been engaged in several projects and successfully completed them.
The company’s range of solutions and services includes web development, wearable device and IoT development, game development, and mobile application development.
The company is an ISO 9001:2015 certified IT development company and an ideal digital transformation and technology services company for your needs. The company also has an ISO 13485:2016 certificate in the areas of Medical Care and Quality Management system (QMS) Development in the respective fields. Right from ideation to execution,
Company Key Metrics
| Earning Per Share (EPS) | ₹ 7.47 per Equity Share |
| ROE | 25.26% |
| ROCE | 14.02% |
| Return on Net Worth (RoNW) | 25.26% |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- To meet the expenses for Unidentified acquisitions for the company (In India or Abroad)
- To meet the expenses for the Development of New Products and technologies
- To meet the expenses for Networking and cabling for the company
- To meet the Branding and Marketing Expenses for the Company
- To meet the Capital Expenditure requirements of the company
- To meet the Working Capital requirements of the Company
- To meet the General Corporate Purposes
- To meet the Issue Expenses
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,089 | 669 | 540 |
| Total Assets | 1,702 | 959 | 760 |
| Total Revenue | 2,745 | 1,882 | 1,305 |
| Profit After Tax | 275 | 74 | 81 |
IPO details
As per the DRHP filed with SEBI, 27.17 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.36 lakh shares of the offering. While Narnolia Financial Services Ltd will be the lead manager for the IPO, MAS Services Limited will be the registrar. It will be a book-built issue, so there will be a price band rather than a price point, and the actual issue price will be discovered by building the book.
| Issue Type | Book Built Issue IPO |
| IPO Price | ₹ 162 to ₹ 165 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 800 Shares |
| Issue Size | 2,717,600 shares (aggregating up to ₹ 44.84 crores) |
| Fresh Issue | 2,717,600 shares (aggregating up to ₹ 44.84 crores) |
| Listing At | NSE SME |
Market Maker detail
| Market maker | Kantilal Chhaganlal Securities |
| Market maker portion | 136,800 shares |
IPO Reservation
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | 520,000 (19.13%) |
| NII (HNI) shares offered | 392,800 (14.45%) |
| Retail shares offered | 908,000 (33.41%) |
| Market maker shares offered | 136,800 (5.03%) |
| Anchor investor shares offered | 760,000 (27.97%) |
| Total | 2,717,600 (100%) |
GMP: Yudiz Solutions IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Yudiz Solutions IPO
The issue opens for subscription on August 4, 2023, and closes for subscription on August 8, 2023 (both days inclusive). The basis of allotment will be finalised on August 11, 2023, and the refunds will be initiated on August 14, 2023. In addition, the demat credits are expected to happen on August 17, 2023, and the stock will be listed on the NSE SME on August 17, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 4, 2023, |
| Closing Date | August 8, 2023 |
| Basis of Allotment | August 11, 2023 |
| Initiation of Refunds | August 14, 2023 |
| A credit of shares to Demat A/c | August 17, 2023 |
| Listing Date | August 17, 2023 |
Lot Size
The lot size of the Yudiz Solutions IPO is 1,200 shares. A retail-individual investor can apply for up to 1 lot, i.e. 1,200 shares of ₹ 123,600.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 800 | ₹ 132,000 |
| Retail (Maximum) | 1 | 800 | ₹ 132,000 |
| HNI (Minimum) | 2 | 1,600 | ₹ 264,000 |
Promoters Holdings
Bharat Shamjibhai Patel, Chirag Rajendrakumar Leuva and Pratik Bhaskarbhai Patel and Ability Games Limited are the promoters of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | 73.66% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Yudiz Solutions Limited 13th Floor, Bsquare 2, Iscon- Ambli Road, Ahmedabad, Gujarat- 380054, India Phone: +91 7433977526 Email: secretarial@yudiz.com Website: https://www.yudiz.com/ |
| IPO Registrar | MAS Services Limited Phone: (011) 2610 4142 Email: info@masserv.com Website: http://www.masserv.com |
| IPO Lead Manager(s) | Narnolia Financial Services Ltd |
FAQs
What is Yudiz Solutions’ IPO price?
The Yudiz Solutions IPO price is ₹162 to ₹165 per share.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors. One lot of the Yudiz Solutions IPO contains 800 shares of ₹ 132,000.
When will the Yudiz Solutions IPO allotment be available?
The finalisation of the basis of allotment for the Yudiz Solutions IPO will be done on August 11, 2023, and the allotted shares will be credited to your demat account by August 17, 2023. Check the Yudiz Solutions IPO allotment status.
When will the Yudiz Solutions IPO list on exchanges?
The Yudiz Solutions IPO shares listing date is August 17, 2023.
