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 Date | Jun 30, 2023 to Jul 5, 2023 |
| Face Value | ₹10 per share |
| Price | ₹35 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,288,000 shares (aggregating up to ₹26.41 Cr) |
| Fresh Issue | 6,288,000 shares (aggregating up to ₹[.] Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,288,000 |
| Market Maker portion | 315,000 shares |
Important Dates of Tridhya Tech IPO
Tridhya Tech IPO opens on Jun 30, 2023, and closes on Jul 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 30 June 2023 |
| Closing Date | Wednesday, 5 July 2023 |
| Basis of Allotment | Monday, 10 July 2023 |
| Initiation of Refunds | Tuesday, 11 July 2023 |
| Credit of Shares to Demat | Wednesday, 12 July 2023 |
| Listing Date | Thursday, 13 July 2023 |
Tridhya Tech IPO Lot Size
The Tridhya Tech IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹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.