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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 ₹74.00 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). The minimum lot size investment for 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 Date | March 2, 2021 to March 4, 2021 |
| Listing Date | March 15, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹74 per share |
| Lot Size | 1,600 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 2,70,400 shares (aggregating up to ₹2.00 Cr) |
| Reserved for Market Maker | 14,400 shares Shreni Shares Ltd. (aggregating up to ₹0.1066 Cr) |
| Net Offered to Public | 2,56,000 shares (aggregating up to ₹1.89 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 6,10,000 shares |
| Share Holding Post Issue | 8,80,400 shares |
ADJIA Technologies IPO offers total 2,70,400 shares. Out of which 1,28,000 (47.34%) allocated to NII, 1,28,000 (47.34%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 14,400 (5.33%) |
| NII (HNI) Shares Offered | 1,28,000 (47.34%) |
| Retail Shares Offered | 1,28,000 (47.34%) |
| Total Shares Offered | 2,70,400 (100.00%) |
ADJIA Technologies IPO opens on March 2, 2021, and closes on March 4, 2021.
| IPO Open Date | Tue, Mar 2, 2021 |
| IPO Close Date | Thu, Mar 4, 2021 |
| Tentative Allotment | Tue, Mar 9, 2021 |
| Initiation of Refunds | Wed, Mar 10, 2021 |
| Credit of Shares to Demat | Fri, Mar 12, 2021 |
| Tentative Listing Date | Mon, Mar 15, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Mar 4, 2021 |
Investors can bid for a minimum of 1,600 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 67.92 | 4.05 | 1.66 | 1.67 | |
| Total Revenue | 17.27 | 10.45 | - | - | |
| Profit After Tax | 5.60 | 1.88 | (0.06) | (0.20) | |
The Company ADJIA Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Funding purchases of equipment | 1.01 |
| 2 | Marketing initiatives | 0.28 |
| 3 | General Corporate Purposes | 0.30 |
[Dilip Davda] ATL being a startup has minuscule financial data for a limited period. Based on this, the asking price is at a much higher P/E. The company is paying around 20% to mobilize Rs. 2 crores from the market, this indicates that the issue is pre-structured and funding arrangement is done. There is no harm in giving this issue a MISS. Read detail review...
| Listing Date | March 15, 2021 |
| BSE Script Code | 543269 |
| NSE Symbol | |
| ISIN | INE0G0V01018 |
| Final Issue Price | ₹74 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹74.00 |
| Open | ₹74.50 |
| Low | ₹74.00 |
| High | ₹74.65 |
| Last Trade | ₹74.25 |
ADJIA Technologies Ltd.
102, Fairdeal House, Opp. Xaviers Ladies Hostel,
Swastik Char Rasta,
Navrangpura
Ahmedabad, Gujarat, 380009
Phone: +91-87800-38297
Email: info@adjiatechnologies.com
Website: http://www.adjiatechnologies.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: adjia.ipo@kfintech.com
Website: https://ipostatus.kfintech.com/
ADJIA Technologies IPO is a SME IPO of 2,70,400 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600.
The IPO opens on March 2, 2021, and closes on March 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 March 2, 2021 and closes on March 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 Friday, March 12, 2021. Check the ADJIA Technologies IPO allotment status.
The ADJIA Technologies IPO listing date is on Monday, March 15, 2021.
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