Tridhya Tech IPO

Tridhya Tech IPO: The IPO frenzy for SMEs continues, and the highly anticipated Tridhya Tech IPO is set to make its debut next week on June 30. Investors can participate in the IPO by subscribing to it until July 5. Tridhya Tech, a full-service software development company, is expected to be listed on NSE Emerge on July 13.

During the IPO, Tridhya Tech will be offering 62,88,000 equity shares, each with a face value of ₹10. The issuance of shares is in accordance with Regulation 229(2) and 253(1) of SEBI (ICDR) Regulations. The company’s post-issue paid-up capital falls between ₹10 crore and ₹25 crore.

The Tridhya Tech IPO presents a promising opportunity for investors looking to capitalize on the growth potential of the software development industry. Stay tuned for the opening of the IPO next week and consider participating to secure your stake in this exciting venture.

Tridhya Tech IPO Dates

Tridhya Tech Limited has announced the opening of its IPO on June 30, 2023, which will run until July 5, 2023. Investors have the opportunity to participate in this exciting IPO during this period.

The Basis of Allotment for the Tridhya Tech IPO will be finalized on Monday, July 10, 2023. Following the allocation process, the allotted shares will be seamlessly credited to your demat account by Wednesday, July 12, 2023.

Mark your calendars for Thursday, July 13, 2023, as it marks the listing date of the Tridhya Tech IPO. This is when the shares become tradable on the stock exchange, allowing investors to take advantage of potential market opportunities.

Tridhya Tech IPO Details

IPO DateJun 30, 2023 to Jul 5, 2023
Face Value₹10 per share
Price₹35 to ₹42 per share
Lot Size3000 Shares
Total Issue Size6,288,000 shares
(aggregating up to ₹26.41 Cr)
Fresh Issue6,288,000 shares
(aggregating up to ₹[.] Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue17,000,000
Share holding post issue23,288,000
Market Maker portion315,000 shares

Important Dates of Tridhya Tech IPO

Tridhya Tech IPO opens on Jun 30, 2023, and closes on Jul 5, 2023.

EventTentative Date
Opening DateFriday, 30 June 2023
Closing DateWednesday, 5 July 2023
Basis of AllotmentMonday, 10 July 2023
Initiation of RefundsTuesday, 11 July 2023
Credit of Shares to DematWednesday, 12 July 2023
Listing DateThursday, 13 July 2023

Tridhya Tech IPO Lot Size

The Tridhya Tech IPO lot size is 3000 shares.

Retail (Min)13000₹126,000
Retail (Max)13000₹126,000
HNI (Min)26,000₹252,000

Objects of the Tridhya Tech IPO

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  • Repayment of unsecured and secured loans,
  • General Corporate Purpose, and
  • Meeting Public Issue Expenses.

About Tridhya Tech Limited IPO

Established in 2018, Tridhya Tech Limited is a reputable provider of software development services and solutions.

Tridhya Tech specializes in offering IT consultancy services to various industries, including e-commerce, real estate, transport and logistics, insurance, and more. The company’s wide range of services encompasses e-commerce development, enterprise content management, bespoke web management, mobile app development, API development, product support and maintenance, front-end development, and graphic design.

The company takes pride in delivering tailored software products that cover the entire development process, from conceptualization and architecture design to coding, testing, and final deployment. Tridhya Tech also provides ongoing post-deployment support to ensure client satisfaction. In addition to software development, the company offers project management, consultation services, and comprehensive maintenance and support to ensure successful project completion and the longevity of the software.

Tridhya Tech has expanded its reach through strategic acquisitions. In January 2022, the company acquired Concentric IT Services Private Limited, a software development company, by acquiring 100% equity. Furthermore, in December 2022, Tridhya Tech acquired both Basilroot Technologies Private Limited (BTPL) and Vedity Software Private Limited, solidifying its position in the software development industry.

With a strong presence in international markets such as Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, the Netherlands, Qatar, Singapore, Switzerland, the UAE, the UK, and the USA, Tridhya Tech has successfully served clients across the globe. In the domestic market, the company’s customer base is concentrated in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka.