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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 ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an retail is ₹1,05,000 (3000 shares). The minimum lot size investment for 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 Date | June 30, 2023 to July 5, 2023 |
| Listing Date | July 13, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹35 to ₹42 per share |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 62,88,000 shares (aggregating up to ₹26.41 Cr) |
| Reserved for Market Maker | 3,15,000 shares Econo Broking Pvt.Ltd. (aggregating up to ₹1.32 Cr) |
| Net Offered to Public | 59,73,000 shares (aggregating up to ₹25.09 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,70,00,000 shares |
| Share Holding Post Issue | 2,32,88,000 shares |
Tridhya Tech IPO offers total 62,88,000 shares. Out of which 29,85,000 (47.47%) allocated to QIB, 11,94,000 (18.99%) allocated to QIB, 8,97,000 (14.27%) allocated to NII, 20,91,000 (33.25%) allocated to RII and 17,91,000 (28.48%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 3,15,000 (5.01%) |
| QIB Shares Offered | 29,85,000 (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 (14.27%) |
| Retail Shares Offered | 20,91,000 (33.25%) |
| Total Shares Offered | 62,88,000 (100.00%) |
Tridhya Tech IPO raises ₹7.52 crore from anchor investors. Tridhya Tech IPO Anchor bid date is June 27, 2023. Tridhya Tech IPO Anchor Investors list
| Bid Date | June 27, 2023 |
| Shares Offered | 17,91,000 |
| Anchor Portion Size (In Cr.) | 7.52 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 8, 2023 |
Tridhya Tech IPO opens on June 30, 2023, and closes on July 5, 2023.
| IPO Open Date | Fri, Jun 30, 2023 |
| IPO Close Date | Wed, Jul 5, 2023 |
| Tentative Allotment | Mon, Jul 10, 2023 |
| Initiation of Refunds | Tue, Jul 11, 2023 |
| Credit of Shares to Demat | Wed, Jul 12, 2023 |
| Tentative Listing Date | Thu, Jul 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Jul 5, 2023 |
Investors can bid for a minimum of 3,000 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 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 2,548.77 | 1,407.48 | 339.46 | 1,457.98 | 1,309.84 | 705.46 |
| 31-Dec-22 | 5,969.66 | 1,507.92 | 284.97 | 2,030.66 | 1,860.35 | 3,090.04 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Tridhya Tech IPO is ₹97.81 Cr.
| KPI | Values |
|---|---|
| ROE | 2.85% |
| ROCE | 9.69% |
| Debt/Equity | 1.23 |
| RoNW | 65.52% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players. Its offer document has many mismatches and anomalies. Based on its financial performance so far, the issue appears greedily priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...
| Listing Date | July 13, 2023 |
| BSE Script Code | |
| NSE Symbol | TRIDHYA |
| ISIN | INE0LWY01029 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹42.00 |
| Low | ₹39.90 |
| High | ₹44.10 |
| Last Trade | ₹44.10 |
Tridhya Tech Ltd.
401, One World West,
Near Ambli T-Junction 200' S. P. Ring Road,
Bopal,
Ahmedabad, Gujarat, 380058
Phone: +919571831080
Email: grievance@tridhyatech.com
Website: https://www.tridhyatech.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: tridhyatech.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Tridhya Tech IPO is a SME IPO of 62,88,000 equity shares of the face value of ₹10 aggregating up to ₹26.41 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on June 30, 2023, and closes on July 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 June 30, 2023 and closes on July 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 Wednesday, July 12, 2023. Check the Tridhya Tech IPO allotment status.
The Tridhya Tech IPO listing date is on Thursday, July 13, 2023.
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