Yudiz Solutions IPO will open for subscription from 04 August 2023. the company aims for an issue size of 44.84 Cr through this IPO.
Company Overview
| Full name | Yudiz Solutions Limited |
| Sector | Information Technology |
| Industry | IT – Software |
| Company Website | https://www.yudiz.com/ |
About Company
Yudiz Solutions is engaged in the business of providing IT solutions and consultancy focused on providing scalable and secure solutions. It is an ISO 9001:2015 certified IT development company that offers web, mobile, game, and blockchain solutions for businesses. Its corporate promoter, Ability Games Limited is involved in the business of online fantasy gaming and innovative gaming products, which also includes the designing and development of software related to games; and deployment and maintenance of online gaming websites related to games of skills. As a subsidiary of Ability Games Limited, Yudiz Solutions enjoys certain synergistic benefits in terms of providing games, mobile, and web development services.
The company also offers services related to Designing, Digital Marketing, SEO, Quality Assurance, DevOps, White Label Product Development, and Consulting. The majority of its revenues (34.82%) comes from India, while North America and Europe are other important markets with revenue contributions of 23.19% and 17.12%, respectively.
The Objective of the Issue
- To meet the expenses for an Unidentified Acquisition for the Company (In India or Abroad).
- To meet the expenses for the Development of New Products and Technology
- To meet the expenses for Networking and cabling for Company
- To meet the Branding & Marketing Expenses for the Company
- To meet the Capital Expenditure Requirement of the Company
- To meet the Working Capital requirements of the Company
- To meet the General Corporate Purposes
- To meet the Issue of Expenses
IPO Timetable
| IPO Opening date | 04 August 2023 |
| IPO Closing | 08 August 2023 |
| Basis of Allotment | 11 August 2023 |
| Initiation Refund | 14 August 2023 |
| Credit to Demat Account | 17 August 2023 |
| Listing Date | 17 August 2023 |
IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹44.84 Cr – 2,717,600 shares |
| Fresh Issue | ₹44.84 Cr – 2,717,600 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹162 to ₹165 per share |
| Lot size | 800 Shares |
| Market Maker portion | 136,800 shares |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| HNI (Min) | 2 | 1,600 | ₹264,000 |
Reservation Details
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 12.83 | 18.76 | 27.31 |
| Expenses | 12.24 | 17.65 | 23.83 |
| Net income | 0.81 | 0.74 | 2.75 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.76 | 1.61 | 7.47 |
| PE ratio | – | – | 21.69 – 22.09 |
| RONW (%) | 14.96 | 11.07 | 25.26 |
| NAV | – | 43.70 | 14.33 |
| ROCE (%) | 6.96 | 6.96 | 14.02 |
| EBITDA (%) | 12.29 | 12.10 | 22.55 |
| Debt/Equity | – | – | – |
Company Promoters
- Bharat Shamjibhai Patel
- Chirag Rajendrakumar Leuva
- Pratik Bhaskarbhai Patel
- Ability Games Limited
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.66% |
Lead Manager(s)
NARNOLIA FINANCIAL SERVICES LIMITED
201, 2nd Floor, Marble Arch, 236 B A.J.C Bose Road,
Kolkata, West Bengal- 700020, India
Phone: +91 – 8130678743
Email: pankaj.passi@narnolia.com
Website: www.narnolia.com
IPO Registrar
MAS SERVICES LIMITED
T-34, 2nd Floor, Okhla Industrial Area,
Phase – II, New Delhi -110 020, Delhi, India
Phone: +91 112 638 7281/83, 4132 0335
Email: info@masserv.com
Website: www.masserv.com
Contact Details
YUDIZ SOLUTIONS LIMITED
13th Floor, Bsquare 2, Iscon-Ambli Road,
Ahmedabad, Gujarat- 380054, India
Phone: +91 7433977526
E-mail: secretarial@yudiz.com
Website: www.yudiz.com
Allotment Status
Yudiz Solutions IPO allotment status will be available on MAS Services’ website. Click on MAS Services IPO weblink to get allotment status.
Final thoughts
Yudiz Solutions 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
