Tridhya Tech IPO will open for subscription from 30 June 2023. the company aims for an issue size of ₹26.41 Cr through this IPO.
Company Overview
| Full name | Tridhya Tech Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://www.tridhyatech.com/ |
About Company
Incorporated in 2018, Tridhya Tech is engaged in full-service Software Development which includes all IT services and resources. It provides turnkey consultancy services to various industries like e-commerce, Real estate, transport, Logistics, Insurance, and other sectors. The company 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. As on 31 January 2023, its employee strength stood at 164 including permanent and on-call software professionals/technicians in the company.
The company has adopted an inorganic growth strategy for the growth of the business. In the month of January 2022, the company acquired Concentric IT Services Private Limited (Concentric), a software development company by acquiring 100 % equity. In the month of 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 Tech 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, USA. In the domestic market, its customers are based in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka.
The Objective of the Issue
- Repayment of unsecured and secured loans,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Tridhya Tech IPO Timetable
| IPO Opening date | 30 June 2023 |
| IPO Closing | 05 July 2023 |
| Basis of Allotment | 10 July 2023 |
| Initiation Refund | 11 July 2023 |
| Credit to Demat Account | 12 July 2023 |
| Listing Date | 13 July 2023 |
Tridhya Tech IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹26.41 Cr – 6,288,000 shares |
| Fresh Issue | ₹26.41 Cr – 6,288,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹35 to ₹42 per share |
| Lot size | 3000 Shares |
| Retail Allocation | 35% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2022 | 9M FY 2023 | |
| Revenue | 13.72 | 13.71 |
| Expenses | 9.55 | 11.26 |
| Net income | 3.39 | 2.85 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS* | 24.14 | 85.89 | 23.58 |
| PE ratio | – | – | – |
| RONW (%)* | 156.45 | 84.78 | 22.37 |
| NAV* | 154.30 | 506.55 | 49.44 |
| ROCE (%) | 55.83 | 19.38 | 26.40 |
| EBITDA (%) | – | – | 41.47 |
| Debt/Equity | 4.34 | 6.78 | 0.49 |
Company Promoters
- Mr. Ramesh Marand
- Mr. Vinay Dangar
- M/s. Tridhya Consultancy.
Promoter Holding
| Pre Issue Share Holding | 80.8% |
| Post Issue Share Holding | 58.98% |
Lead Manager(s)
INTERACTIVE FINANCIAL SERVICES LIMITED
612, 6th Floor, Shree Balaji Heights,
Kokilaben Vyas Marg, Ellisbridge,
Ahmedabad – 380 009, Gujarat, India
Phone: 079 46019796
Email: mbd@ifinservices.in
Website: www.ifinservices.in
IPO Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone: +918108114949
Email: tridhyatech.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Details
TRIDHYA TECH LIMITED
401, One World West, Near Ambli T-Junction
200′ S. P. Ring Road, Bopal Ahmedabad – 380058
Phone: +919571831080
E-mail: grievance@tridhyatech.com
Website: www.tridhyatech.com
Allotment Status
Tridhya Tech IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.
Final thoughts
Tridhya Tech IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
