Tridhya Tech IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Tridhya Tech IPO opens on June 30 and closes on July 5, 2023. According to the DRHP filed in SEBI, the company plans to issue 62.88 lakhs shares through this public issue.
Tridhya Tech Limited (“the Company”)
Incorporated in 2018. Currently, the company is engaged in full-service Software development, which includes all IT services and resources. They provide turnkey consulting services to various industries like e-commerce, Real estate, transport and Logistics, insurance, and other sectors. The company provides services related to e-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App Development, API Development, Product support and maintenance, front-end development, and graphic design.
Tridhya has a strong presence in international markets, i.e., Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, the Netherlands, Qatar, Singapore, Switzerland, the UAE, the UK, and the USA. In the domestic market, our customers are based in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka.
Company services include
- IT Solutions Developments & Maintenance Services (Time Base Income):
- E-commerce development
- Enterprise Content Management (ECM)
- Bespoke Web Management
- Mobile App Development
- API development
- Product Support and Maintenance
- Front End Development
- Graphic Design
- IT Staff Augmentation (Fixed Basis Income):
Company Key Metrics
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|
| EPS* | 23.58 | 85.89 | 24.14 |
| EBITDA (%) | 41.47 | – | – |
| RONW (%)* | 22.37 | 84.78 | 156.45 |
| NAV* | 49.44 | 506.55 | 154.3 |
| ROCE (%) | 26.4 | 19.38 | 55.83 |
| Debt/Equity | 0.49 | 6.78 | 4.34 |
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Repayment of unsecured and secured loans,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Financial Highlights (Restated)
| Particulars | For the period ended on 31st Dec. 2023 | FY 2021-22 |
|---|---|---|
| Net Worth | 2,031 | 1,458 |
| Total Assets | 5,970 | 2,549 |
| Reserve & Surplus | 1,860 | 1,310 |
| Total Borrowings | 3,090 | 705 |
| Total Revenue | 1,508 | 1,407 |
| Profit After Tax | 285 | 339 |
IPO details
As per the DRHP filed with SEBI, 62.88 lakh shares will be offered as a fresh issue in the NSE SME segment. The face value of the shares is ₹ 10. Interactive Financial Services Ltd will be the lead manager for the IPO, Link Intime India Private Ltd 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 | ₹ 35 to ₹ 42 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3000 Shares |
| Issue Size | 6,288,000 shares (aggregating up to ₹ 26.41 crores) |
| Fresh Issue | 6,288,000 shares (aggregating up to ₹ [.] crores) |
| Listing At | NSE SME |
| Company Promoters | Mr Ramesh Marand, Mr Vinay Dangar |
Market Maker detail
| Market maker | Econo Broking |
| Market maker portion | 315,000 shares |
IPO Reservation: Tridhya Tech IPO
| Categories | No. of shares offered |
|---|---|
| QIB shares offered | 1,554,000 (24.71%) |
| NII (HNI) shares offered | 450,000 (7.16%) |
| Retail shares offered | 2,538,000 (40.36%) |
| Market Maker shares offered | 315,000 (5.01%) |
| Anchor Investor shares offered | 1,431,000 (22.76%) |
GMP: Tridhya Tech 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: Tridhya Tech IPO
The issue opens for subscription on June 30, 2023, and closes for subscription on July 5, 2023 (both days inclusive). The basis of allotment will be finalised on July 10, 2023, and the refunds will be initiated on July 11, 2023. In addition, the demat credits are expected to happen on July 12, 2023, and the stock will be listed on the NSE SME on July 13, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | June 30, 2023, |
| Closing Date | July 5, 2023 |
| Basis of Allotment | July 10, 2023 |
| Initiation of Refunds | July 11, 2023 |
| A credit of shares to Demat A/c | July 12, 2023 |
| Listing Date | July 13, 2023 |
Lot Size
The lot size of the Tridhya Tech IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 126,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 126,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 126,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 252,000 |
Promoters Holdings
| Pre-issue Shares Holdings | 80.80% |
| Post-issue Shares Holdings | 58.98% |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP Anchor Investors |
| Company 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/ |
| IPO Registrar | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: tridhyatech.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
| IPO Lead Manager(s) | Interactive Financial Services Ltd |
FAQs
When will the Tridhya Tech IPO allotment be available?
The finalisation of the basis of allotment for the Tridhya Tech IPO will be done on July 10, 2023, and the allotted shares will be credited to your demat account by July 12, 2023. Check the Tridhya Tech IPO allotment status.
When will the Tridhya Tech IPO list on exchanges?
The Tridhya Tech IPO shares listing date is July 13, 2023.
How many Tridhya Tech IPO Offer shares are reserved for HNIs and retail investors?
The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.
