Tridhya Tech Limited IPO Detail
Incorporated in 2018, Tridhya Tech Limited provides software development services and solutions.
Tridhya Tech provides IT consultancy services to industries like e-commerce, Real estate, Transport & Logistics, Insurance, and other sectors. The company also provides services related to e-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development, and Graphic design.
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.
In January 2022, the Company acquired Concentric IT Services Private Limited (Concentric), a software development company by acquiring 100 % equity. In December 2022, the Company acquired Basilroot Technologies Private Limited (BTPL), and also Vedity Software Private Limited (Vedity) software development companies by acquiring 100% equity.
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
Company Promoters
The promoters of the company are Mr. Ramesh Marand, Mr. Vinay Dangar, and M/s. Tridhya Consultancy.IPO Details
| IPO Opening Date | Jun 30, 2023 |
| IPO Closing Date | Jul 05, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹35 - 42 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹26.41 |
| Fresh Issue | ₹26.41 |
| Offer for Sale | - |
| Retail Portion | 35.00% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 0.55x | - | - | 1.20x | 1.94x | 1.39x |
| Day 2 | 0.55x | - | - | 5.21x | 6.03x | 4.07x |
| Day 3 | 15.62x | - | - | 181.72x | 67.62x | 72.38x |
IPO Tentative Timetable
The Tridhya Tech Limited IPO open date is Jun 30, 2023, and the close date is Jul 05, 2023. The issue may list on Jul 13, 2023.
| IPO Open Date | Jun 30, 2023 |
| IPO Close Date | Jul 05, 2023 |
| Basis of Allotment Date | Jul 10, 2023 |
| Initiation of Refunds | Jul 11, 2023 |
| Credit of Shares to Demat Account | Jul 12, 2023 |
| IPO Listing Date | Jul 13, 2023 |
IPO Lot Size
The Tridhya Tech Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹126000 |
| Maximum | 1 | 3000 | ₹126000 |
IPO Promoter Holding
| Pre Issue Share Holding | 80.8% |
| Post Issue Share Holding | 58.98% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 2548.77 | 1407.48 | 339.46 |
| 31-Dec-22 | 5969.66 | 1507.92 | 284.97 |
Objects of the Issue:
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment of unsecured and secured loans,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Tridhya Tech Limited IPO Registrar:
Link Intime India Private Ltd
Tridhya Tech Limited IPO Lead Manager(s):
Interactive Financial Services Ltd
Company Contact Information:
Tridhya Tech Limited
401, One World West, Near Ambli T-Junction 200' S. P. Ring Road, Bopal Ahmedabad
Gujarat
Gujarat
