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Tridhya Tech IPO GMP, Price, Dates & Allotment Details 2023

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

ParticularsFY 2021-22FY 2020-21FY 2019-20
EPS*23.5885.8924.14
EBITDA (%)41.47
RONW (%)*22.3784.78156.45
NAV*49.44506.55154.3
ROCE (%)26.419.3855.83
Debt/Equity0.496.784.34
*Pre Bonus Data

Objects of the Issue,

The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:

  1. Repayment of unsecured and secured loans,
  2. General Corporate Purpose, and
  3. Meeting Public Issue Expenses.

Financial Highlights (Restated)

ParticularsFor the period ended on 31st Dec. 2023FY 2021-22
Net Worth2,0311,458
Total Assets5,9702,549
Reserve & Surplus1,8601,310
Total Borrowings3,090705
Total Revenue1,5081,407
Profit After Tax285339
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 35 to ₹ 42 per share
Face Value₹ 10 per share
Market Lot3000 Shares
Issue Size6,288,000 shares (aggregating up to ₹ 26.41 crores)
Fresh Issue6,288,000 shares (aggregating up to ₹ [.] crores)
Listing AtNSE SME
Company PromotersMr Ramesh Marand, Mr Vinay Dangar

Market Maker detail

Market makerEcono Broking
Market maker portion315,000 shares

IPO Reservation: Tridhya Tech IPO

CategoriesNo. of shares offered
QIB shares offered1,554,000 (24.71%)
NII (HNI) shares offered450,000 (7.16%)
Retail shares offered2,538,000 (40.36%)
Market Maker shares offered315,000 (5.01%)
Anchor Investor shares offered1,431,000 (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 DateJune 30, 2023,
Closing DateJuly 5, 2023
Basis of AllotmentJuly 10, 2023
Initiation of RefundsJuly 11, 2023
A credit of shares to Demat A/cJuly 12, 2023
Listing DateJuly 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.

ApplicationsLotsSharesAmount 
Retail (Minimum)13,000₹ 126,000
Retail (Maximum)13,000₹ 126,000
HNI (Minimum)26,000₹ 252,000

Promoters Holdings 

Pre-issue Shares Holdings80.80%
Post-issue Shares Holdings58.98%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Anchor Investors
Company Contact InformationTridhya Tech Limited
401, One World West, Near Ambli T-Junction 200′ S. P. Ring Road, Bopal Ahmedabad – 380058
Phone: +919571831080
Email: [email protected]
Website: https://www.tridhyatech.com/
IPO RegistrarLink Intime India Private Ltd
Phone: +91-22-4918 6270
Email: [email protected]
Website: https://linkintime.co.in/
IPO Lead Manager(s)Interactive Financial Services Ltd

FAQs

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.

The Tridhya Tech IPO shares listing date is July 13, 2023.

The investors’ portion for QIB is 50% of the Net offers, NII (HNI) is 15%, and retail is 35% of the offer.

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