Yudiz Solutions IPO

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 nameYudiz Solutions Limited
SectorInformation Technology
IndustryIT – Software
Company Websitehttps://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 date04 August 2023
IPO Closing08 August 2023
Basis of Allotment11 August 2023
Initiation Refund14 August 2023
Credit to Demat Account17 August 2023
Listing Date17 August 2023

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹44.84 Cr – 2,717,600 shares
Fresh Issue₹44.84 Cr – 2,717,600 shares
Offer for saleNil
Face value₹10 per share
Price Band₹162 to ₹165 per share
Lot size800 Shares
Market Maker portion136,800 shares
Listing ExchangeNSE SME

IPO Lot Size

Retail (Min)1800₹132,000
Retail (Max)1800₹132,000
HNI (Min)21,600₹264,000

Reservation Details

QIB Shares Offered50%
NII (HNI) Shares Offered15%
Retail Shares Offered35%

Financial Performance

 FY 2021FY 2022FY 2023
Net income0.810.742.75
(Amount in ₹ Crores)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio21.69 – 22.09
RONW (%)14.9611.0725.26
ROCE (%)6.966.9614.02
EBITDA (%)12.2912.1022.55

Company Promoters

  • Bharat Shamjibhai Patel
  • Chirag Rajendrakumar Leuva
  • Pratik Bhaskarbhai Patel
  • Ability Games Limited

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.66%

Lead Manager(s)

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

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

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

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