Bookbuilding IPO | ₹26 Cr | Listed at NSE SME | Fri, Jun 30, 2023 - Wed, Jul 5, 2023
Tridhya Tech IPO is a book build issue of ₹26.41 crores. The issue is entirely a fresh issue of 0.63 crore shares of ₹26.41 crore.
Tridhya Tech IPO bidding started from Jun 30, 2023 and ended on Jul 5, 2023. The allotment for Tridhya Tech IPO was finalized on Jul 10, 2023. The shares got listed on NSE SME on Jul 13, 2023.
Tridhya Tech IPO price band is set at ₹42 per share. The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,26,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Interactive Financial Services Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Econo Broking Pvt.Ltd..
Refer to Tridhya Tech IPO RHP for detailed Information.
IPO Open
Fri, Jun 30, 2023
IPO Close
Wed, Jul 5, 2023
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹97.81 Cr
| IPO Date | 30 Jun to 5 Jul, 2023 |
| Listed on | Thu, Jul 13, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹35 to ₹42 |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 62,88,000 shares (agg. up to ₹26 Cr) |
| Reserved for Market Maker | 3,15,000 shares Econo Broking Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 59,73,000 shares (agg. up to ₹25 Cr) |
| Net Offered to Public | 59,73,000 shares (agg. up to ₹25 Cr) |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,32,88,000 shares |
| NSE Symbol | TRIDHYA |
| ISIN | INE0LWY01029 |
Tridhya Tech IPO comprises a total issue size of 62,88,000 shares. The net offer to the public is 59,73,000 shares, after excluding 3,15,000 shares allotted on a firm basis. Of the Net offer 29,85,000 (49.97%) are allocated to QIB, 8,97,000 (15.02%) allocated to NII 20,91,000 (35.01%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 29,85,000 | 49.97% | 47.47% |
| − Anchor Investor Shares Offered | 17,91,000 | 28.48% | |
| − QIB (Ex. Anchor) Shares Offered | 11,94,000 | 18.99% | |
| NII (HNI) Shares Offered | 8,97,000 | 15.02% | 14.27% |
| Retail Shares Offered | 20,91,000 | 35.01% | 33.25% |
| Firm Reservations | |||
| Market Maker Shares Offered | 3,15,000 | 5.01% | |
| Total Shares Offered | 62,88,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Tridhya Tech IPO raises ₹7.52 crore from anchor investors. Tridhya Tech IPO Anchor bid date is June 27, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Jun 27, 2023 |
| Shares Offered | 17,91,000 |
| Anchor Portion (₹ Cr.) | 7.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Aug 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Oct 8, 2023 |
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
| Period Ended | 31 Dec 2022 | 31 Mar 2022 |
|---|---|---|
| Assets | 59.70 | 25.49 |
| Total Income | 15.08 | 14.07 |
| Profit After Tax | 2.85 | 3.39 |
| NET Worth | 20.31 | 14.58 |
| Reserves and Surplus | 18.60 | 13.10 |
| Total Borrowing | 30.90 | 7.05 |
| Amount in ₹ Crore | ||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Repayment of unsecured and secured loans. | 18.80 |
| 2 | General Corporate Purpose, | 6.00 |
| KPI | Mar 31, 2022 |
|---|---|
| ROE | 20.90 |
| ROCE | 26.40 |
| Debt/Equity | 0.49 |
| RoNW | 22.37 |
| PAT Margin | 24.40% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 44.44 | |
| P/E (x) | 26.09 | |
| Promoter Holding | 80.8% | 58.98% |
| Market Cap | ₹97.81 Cr. |
The Tridhya Tech IPO is subscribed 72.38 times on July 5, 2023 7:29:00 PM (Day 4). The public issue subscribed 67.62 times in the retail category, 15.62 times in the QIB category, and 181.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 15.62 | 15,54,000 | 2,42,79,000 |
| NII* | 181.72 | 8,97,450 | 16,30,89,000 |
| Retail | 67.62 | 20,90,550 | 14,13,69,000 |
| Total | 72.38 | 45,42,000 | 32,87,37,000 |
Total Application : 47,123
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manger Fees including Underwriting Commission. | 0.25 |
| 2 | Brokerage, selling commission and Marketing | 1.00 |
| 3 | Registrar to the Issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.05 |
| 6 | Regulators including stock exchanges | 0.12 |
| 7 | Printing and distribution of issue stationary | 0.03 |
| 8 | Others (Market Making fees etc.) | 0.12 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹42.00 |
| Low | ₹39.90 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Lead Manager Reports
Tridhya Tech IPO is a SME IPO of 62,88,000 equity shares of the face value of ₹10 aggregating up to ₹26 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Fri, Jun 30, 2023, and closes on Wed, Jul 5, 2023.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Tridhya Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Tridhya Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tridhya Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tridhya Tech IPO opens on Fri, Jun 30, 2023 and closes on Wed, Jul 5, 2023.
Tridhya Tech IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in Tridhya Tech 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 Tridhya Tech IPO will be done on Monday, July 10, 2023, and the allotted shares will be credited to your demat account by Wed, Jul 12, 2023. Check the Tridhya Tech IPO allotment status.
The Tridhya Tech IPO listing date is on Thu, Jul 13, 2023.
