Tridhya Tech Ltd. plans to raise up to Rs. 26.41 crore from its SME public issue which opens for subscription on June 30. The company plans to use the proceeds of the public issue for the repayment of unsecured and secured loans and general corporate purposes for the company’s business activities. Following the IPO, company’s shares will be listed on the SME Emerge Platform of the National Stock Exchange. The public issue will close on July 5.
| Highlights | |
| IPO Opens on | June 30, 2023 |
| IPO Closes on | July 05, 2023 |
| Issue Price Band | Rs. 35-42 Per Share |
| Issue Size (No of Shares) | 62,88,000 Shares |
| Issue Size (Rs. Cr) | Rs. 22.01- 26.41 crore |
| Lot Size | 3,000 Shares |
| Listing on | SME Emerge Platform of NSE Ltd |
The initial public offering comprises a fresh issue of 62.88 lakh equity shares of face value Rs. 10 each at a price band of Rs. 35-42 per share (including a premium of Rs. 25-32 per equity share). The company plans to raise up to Rs. 26.41 crore from the public issue. The minimum lot size for the application is 3000 shares which translates to a minimum application amount of Rs. 1.05 – Rs. 1.26 lakh per application. As part of the IPO, retail investor and HNI quota is kept at not less than 35% and 15% of the issue respectively while the QIB quota is kept at a maximum 50% of the issue.
Incorporated in 2018, Ahmedabad-based, Tridhya Tech Limited is a full-service software development company. It is into eCommerce, web, and mobile application development and provides end-to-end tech solutions build an effective digital presence. The company serves a global clientele by helping them revolutionize the idea of their business through impeccable services and provides IT consultancy services to industries like e-commerce, Real estate, Transport & Logistics, Insurance, and other sectors.
For FY21-22 company reported total revenue of Rs. 14.07 crore and Net Profit of Rs. 3.39 crore. For the nine months ended December 2022, company reported total revenue of Rs. 15.08 crore and earned net profit of Rs. 2.85 crore. As on December 2022, Net worth of the company stands at Rs. 20.30 crore, Total Assets at Rs. 59.69 crore and Reserves & Surplus at Rs. 18.60 crore. Promoter Group shareholding pre-issue is 80.8% which post-issue will be 58.98%.
