Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Tue, Mar 2, 2021 - Thu, Mar 4, 2021
ADJIA Technologies IPO is a fixed price issue of ₹2.00 crores. The issue is entirely a fresh issue of 0.03 crore shares of ₹2.00 crore.
ADJIA Technologies IPO bidding started from Mar 2, 2021 and ended on Mar 4, 2021. The allotment for ADJIA Technologies IPO was finalized on Mar 9, 2021. The shares got listed on BSE SME on Mar 15, 2021.
ADJIA Technologies IPO price is ₹74 per share. The lot size for an application is 1,600. The minimum amount of investment required by an individual investor (retail) is ₹1,18,400 (1600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (3,200 shares), amounting to ₹2,36,800.
Shreni Shares Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to ADJIA Technologies IPO RHP for detailed Information.
IPO Open
Tue, Mar 2, 2021
IPO Close
Thu, Mar 4, 2021
Issue Price
₹74 per share
Market Cap (Pre-IPO)
₹6.51 Cr
| IPO Date | 2 to 4 Mar, 2021 |
| Listed on | Mon, Mar 15, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹74 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 2,70,400 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 14,400 shares Shreni Shares Ltd. (agg. up to ₹0.1066 Cr) |
| Fresh Issue (Ex Market Maker) | 2,56,000 shares (agg. up to ₹2 Cr) |
| Net Offered to Public | 2,56,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 6,10,000 shares |
| Share Holding Post Issue | 8,80,400 shares |
| BSE Script Code | 543269 |
| ISIN | INE0G0V01018 |
ADJIA Technologies IPO comprises a total issue size of 2,70,400 shares. The net offer to the public is 2,56,000 shares, after excluding 14,400 shares allotted on a firm basis. Of the Net offer 1,28,000 (50.00%) allocated to NII 1,28,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,28,000 | 50.00% | 47.34% |
| Retail Shares Offered | 1,28,000 | 50.00% | 47.34% |
| Firm Reservations | |||
| Market Maker Shares Offered | 14,400 | 5.33% | |
| Total Shares Offered | 2,70,400 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,600 | ₹1,18,400 |
| Retail (Max) | 1 | 1,600 | ₹1,18,400 |
| HNI (Min) | 2 | 3,200 | ₹2,36,800 |
ADJIA Technologies Limited offers augmented reality and virtual reality related to customers electronically. It further offers software consultancy-related services to clients.
The company provides VR AR 360 based products and services to customers across industries i.e. manufacturing, reality, marketing, e-commerce, education, real estate, hospitality, etc.
Competitive Strengths
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding purchases of equipment | 1.01 |
| 2 | Marketing initiatives | 0.28 |
| 3 | General Corporate Purposes | 0.30 |
The ADJIA Technologies IPO is subscribed 6.03 times on March 4, 2021 7:49:00 AM (Day 3). The public issue subscribed 5.15 times in the retail category, [.] times in the QIB category, and 0.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.88 | 2,70,400 | 2,36,800 |
| Retail | 5.15 | 2,70,400 | 13,93,600 |
| Total | 6.03 | 2,70,400 | 16,30,400 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including Merchant Banking fees, Market Making fees, Underwriting fees and payment to other intermediaries such as Advisor to the Issue, Legal Advisors, Registrars and other out of pocket expenses | 0.36 |
| 2 | Advertising and Marketing Expenses | 0.01 |
| 3 | Fees payable to the to the Regulators including stock exchange(s) | 0.03 |
| 4 | Printing & Stationery, Distribution, Postage, etc. | 0.00 |
| 5 | Brokerage and selling commission | 0.00 |
| 6 | Other Expenses (Banker’s to the Issue, Auditor’s fees etc.) | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹74.00 |
| Open | ₹74.50 |
| Low | ₹74.00 |
| High | ₹74.65 |
| Last Trade | ₹74.25 |
Lead Manager Reports
ADJIA Technologies IPO is a SME IPO of 2,70,400 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600.
The IPO opens on Tue, Mar 2, 2021, and closes on Thu, Mar 4, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in ADJIA Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in ADJIA Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ADJIA Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ADJIA Technologies IPO opens on Tue, Mar 2, 2021 and closes on Thu, Mar 4, 2021.
ADJIA Technologies IPO lot size is 1600, and the minimum amount required for application is ₹1,18,400.
You can apply in ADJIA Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for ADJIA Technologies IPO will be done on Tuesday, March 9, 2021, and the allotted shares will be credited to your demat account by Fri, Mar 12, 2021. Check the ADJIA Technologies IPO allotment status.
The ADJIA Technologies IPO listing date is on Mon, Mar 15, 2021.
