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Yudiz Solutions IPO GMP, Price, Dates & Allotment Details 2023

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
ROE25.26%
ROCE14.02%
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:

  1. To meet the expenses for Unidentified acquisitions for the company (In India or Abroad)
  2. To meet the expenses for the Development of New Products and technologies
  3. To meet the expenses for Networking and cabling for the company
  4. To meet the Branding and Marketing Expenses for the Company
  5. To meet the Capital Expenditure requirements of the company
  6. To meet the Working Capital requirements of the Company
  7. To meet the General Corporate Purposes
  8. To meet the Issue Expenses

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,089669540
Total Assets1,702959760
Total Revenue2,7451,8821,305
Profit After Tax2757481
(Amount in ₹ Lakhs)

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 TypeBook Built Issue IPO
IPO Price₹ 162 to ₹ 165 per share
Face Value₹ 10 per share
Market Lot800 Shares
Issue Size2,717,600 shares (aggregating up to ₹ 44.84 crores)
Fresh Issue2,717,600 shares (aggregating up to ₹ 44.84 crores)
Listing AtNSE SME

Market Maker detail

Market makerKantilal Chhaganlal Securities
Market maker portion136,800 shares

IPO Reservation

CategoriesNo. of shares offered
QIB shares offered520,000 (19.13%)
NII (HNI) shares offered392,800 (14.45%)
Retail shares offered908,000 (33.41%)
Market maker shares offered136,800 (5.03%)
Anchor investor shares offered760,000 (27.97%)
Total2,717,600 (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 DateAugust 4, 2023,
Closing DateAugust 8, 2023
Basis of AllotmentAugust 11, 2023
Initiation of RefundsAugust 14, 2023
A credit of shares to Demat A/cAugust 17, 2023
Listing DateAugust 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.

ApplicationsLotsSharesAmount
Retail (Minimum)1800₹ 132,000
Retail (Maximum)1800₹ 132,000
HNI (Minimum)21,600₹ 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 Holdings100%
Post-issue Shares Holdings73.66%

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationYudiz Solutions Limited
13th Floor, Bsquare 2, Iscon- Ambli Road, Ahmedabad, Gujarat- 380054, India
Phone: +91 7433977526
Email: [email protected]
Website: https://www.yudiz.com/
IPO RegistrarMAS Services Limited
Phone: (011) 2610 4142
Email: [email protected]
Website: http://www.masserv.com
IPO Lead Manager(s)Narnolia Financial Services Ltd

FAQs

The Yudiz Solutions IPO price is ₹162 to ₹165 per share.

The minimum investment size is one lot for retail investors. One lot of the Yudiz Solutions IPO contains 800 shares of ₹ 132,000.

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.

The Yudiz Solutions IPO shares listing date is August 17, 2023.

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