Bookbuilding IPO | ₹45 Cr | Listed at NSE SME | Fri, Aug 4, 2023 - Tue, Aug 8, 2023
Yudiz Solutions IPO is a book build issue of ₹44.84 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹44.84 crore.
Yudiz Solutions IPO bidding started from Aug 4, 2023 and ended on Aug 8, 2023. The allotment for Yudiz Solutions IPO was finalized on Aug 11, 2023. The shares got listed on NSE SME on Aug 17, 2023.
Yudiz Solutions IPO price band is set at ₹165 per share. The lot size for an application is 800. The minimum amount of investment required by an retail is ₹1,32,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,64,000.
Narnolia Financial Services Ltd. is the book running lead manager and MAS Services Ltd. is the registrar of the issue. The Market Maker of the company is Kantilal Chhaganlal Securities Pvt.Ltd..
Refer to Yudiz Solutions IPO RHP for detailed Information.
IPO Open
Fri, Aug 4, 2023
IPO Close
Tue, Aug 8, 2023
Issue Price
₹165 per share
Market Cap (Pre-IPO)
₹170.27 Cr
| IPO Date | 4 to 8 Aug, 2023 |
| Listed on | Thu, Aug 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹165 |
| Issue Price | ₹165 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,17,600 shares (agg. up to ₹45 Cr) |
| Reserved for Market Maker | 1,36,800 shares Kantilal Chhaganlal Securities Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 25,80,800 shares (agg. up to ₹43 Cr) |
| Net Offered to Public | 25,80,800 shares (agg. up to ₹43 Cr) |
| Share Holding Pre Issue | 76,01,775 shares |
| Share Holding Post Issue | 1,03,19,375 shares |
| NSE Symbol | YUDIZ |
| ISIN | INE09FA01019 |
Yudiz Solutions IPO comprises a total issue size of 27,17,600 shares. The net offer to the public is 25,80,800 shares, after excluding 1,36,800 shares allotted on a firm basis. Of the Net offer 12,80,000 (49.60%) are allocated to QIB, 3,92,800 (15.22%) allocated to NII 9,08,000 (35.18%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 12,80,000 | 49.60% | 47.10% |
| − Anchor Investor Shares Offered | 7,60,000 | 27.97% | |
| − QIB (Ex. Anchor) Shares Offered | 5,20,000 | 19.13% | |
| NII (HNI) Shares Offered | 3,92,800 | 15.22% | 14.45% |
| Retail Shares Offered | 9,08,000 | 35.18% | 33.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,36,800 | 5.03% | |
| Total Shares Offered | 27,17,600 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,32,000 |
| Retail (Max) | 1 | 800 | ₹1,32,000 |
| HNI (Min) | 2 | 1,600 | ₹2,64,000 |
Yudiz Solutions IPO raises ₹12.54 crore from anchor investors. Yudiz Solutions IPO Anchor bid date is August 3, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Thu, Aug 3, 2023 |
| Shares Offered | 7,60,000 |
| Anchor Portion (₹ Cr.) | 12.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Sep 10, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Nov 9, 2023 |
Incorporated in 2012, Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. Yudiz Solutions Limited is a digital transformation and technology services company.
The services include mobile app development, game development, Blockchain, AR/ VR, web development, Website design & Development, Website Maintenance & Support, E-Commerce Web Apps and Portal Development, Mobile App Prototype Development, Hybrid Apps Development, Android/iOS App Development, PC/Mobile Game Development, Digital Marketing, White Label Product Development and more.
Yudiz Solutions Limited also provides various solutions in Mobile, Web, AR/VR, UI/UX and IoT through integrating trending technologies. The company's platforms are News Platform, E-commerce Bidding Platform, On-Demand Services Platform, VR Training platform, Upskilling Industry specific VR platform, HR Intelligence software and more.
Competitive Strength
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 17.02 | 9.59 | 7.60 |
| Total Income | 27.45 | 18.82 | 13.05 |
| Profit After Tax | 2.75 | 0.74 | 0.81 |
| NET Worth | 10.89 | 6.69 | 5.40 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Unidentified Acquisition (In India & Abroad) | 6.16 |
| 2 | Development of New Product & Technology | 6.16 |
| 3 | Networking & cabling | 1.23 |
| 4 | Branding & Marketing Expenses | 4.87 |
| 5 | Capital Expenditure | 1.73 |
| 6 | Working Capital Requirement | 10.58 |
| 7 | General Corporate Purposes | 7.28 |
| KPI | |
|---|---|
| ROE | 25.26% |
| ROCE | 14.02 |
| RoNW | 25.26% |
| PAT Margin | 10.03% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.47 | |
| P/E (x) | 61.8 | |
| Promoter Holding | 100.00% | 73.66% |
| Market Cap | ₹170.27 Cr. |
The Yudiz Solutions IPO is subscribed 5.03 times on August 8, 2023 7:29:00 PM (Day 3). The public issue subscribed 6.41 times in the retail category, 2.81 times in the QIB category, and 4.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 2.81 | 5,20,000 | 14,61,600 |
| NII* | 4.77 | 3,92,800 | 18,72,000 |
| Retail | 6.41 | 9,08,000 | 58,20,800 |
| Total | 5.03 | 18,20,800 | 91,54,400 |
Total Application : 7,276
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 1.50 |
| 2 | Brokerage, Selling Commission & Upload Fees | 0.03 |
| 3 | Registrars to the Issue | 0.01 |
| 4 | Legal Advisors to the Issue | 0.05 |
| 5 | Statutory Advertisement | 0.05 |
| 6 | PR Advertisement | 0.15 |
| 7 | Road Shows and Marketing | 1.10 |
| 8 | Printing of Forms, GID, Prospectus etc. | 0.05 |
| 9 | Regulators including stock exchanges | 0.14 |
| 10 | Others, if any (Advisors to the company for IPO (PLS Capital Consultants Private Limited & Longview Research & Advisory Private Limited), Market Making Fees, Peer Review Auditors fees.) | 3.76 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹165.00 |
| Open | ₹185.00 |
| Low | ₹181.00 |
| High | ₹191.00 |
| Last Trade | ₹181.40 |
Lead Manager Reports
Yudiz Solutions IPO is a SME IPO of 27,17,600 equity shares of the face value of ₹10 aggregating up to ₹45 Crores. The issue is priced at ₹165 per share. The minimum order quantity is 800.
The IPO opens on Fri, Aug 4, 2023, and closes on Tue, Aug 8, 2023.
MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Yudiz Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Yudiz Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yudiz Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yudiz Solutions IPO opens on Fri, Aug 4, 2023 and closes on Tue, Aug 8, 2023.
Yudiz Solutions IPO lot size is 800, and the minimum amount required for application is ₹1,32,000.
You can apply in Yudiz Solutions 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 Yudiz Solutions IPO will be done on Friday, August 11, 2023, and the allotted shares will be credited to your demat account by Thu, Aug 17, 2023. Check the Yudiz Solutions IPO allotment status.
The Yudiz Solutions IPO listing date is on Thu, Aug 17, 2023.
