Tridhya Tech was established on February 2, 2018, and operates in the field of comprehensive software development, offering a wide range of IT services and resources. The company specializes in providing end-to-end consultancy services to various industries, including e-commerce, real estate, transport and logistics, insurance, and other sectors. Its service portfolio encompasses e-commerce development, enterprise content management, customized web management, mobile app development, API development, product support and maintenance, front-end development, and graphic design.
| Bidding Dates |
|---|
| 30 Jun 2023 - 05 Jul 2023 |
| Subscription |
|---|
| 67.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 3000 | 6.3 M | ₹35 - ₹42 | 73 % | ₹220.1 M - ₹264.1 M | RHP DOC |
Tridhya Tech IPO SUBSCRIPTION STATUS
05 Jul '23Tridhya Tech IPO overall subscription rate was 67.75 times the total available shares
Tridhya Tech IPO retail subscription rate was 83.16 times in the retail segment
Tridhya Tech IPO non-institutional investor subscription rate was 224.29 times in the non-institutional investor category
Tridhya Tech IPO Qualified Institutional Bidder subscription rate was 10 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
05 Jul 2023 (Day 4) | 83.16x | 224.29x | 10x |
04 Jul 2023 (Day 3) | 13.23x | 4.41x | 1.04x |
03 Jul 2023 (Day 2) | 2.83x | 1.17x | 0.35x |
30 Jun 2023 (Day 1) | 0.7x | 0.56x | 0x |
Tridhya Tech FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| 9MFY23 | 28.5 | 137.1 | -122.5 | -179.0 |
| FY22 | 33.9 | 137.2 | -18.3 | -58.6 |
Tridhya Tech IPO SUBSCRIPTION STATUS DETAILS
Tridhya Tech had 6.3 M shares on offer
Tridhya Tech IPO offer price was in the range ₹35 - ₹42
Tridhya Tech IPO minimum Investment was ₹126000
Tridhya Tech IPO issue size was ₹ 220.1 M - ₹ 264.1 M
Tridhya Tech had a minimum lot size of 3000 Shares per application
Tridhya Tech NUMBER OF SHARES ON OFFER
Tridhya Tech IPO IMPORTANT DATES
| Issue Open Date | 30 Jun 2023 |
| Issue close Date | 05 Jul 2023 |
| Allotment Date | 10 Jul 2023 |
| Refund Date | 11 Jul 2023 |
| Demat Account Credit Date | 12 Jul 2023 |
| Listing Date | 13 Jul 2023 |
| Listing on Exchange(s) | NSE |
| Tridhya Tech Allotment Status | Exchange |
Tridhya Tech IPO subscription opened on 30 Jun 2023, and closed on 05 Jul 2023
IPO allotment for Tridhya Tech was finalized on Monday, 10 Jul 2023
IPO listing for Tridhya Tech was on NSE on Thursday, 13 Jul 2023
Tridhya Tech IPO LISTING GAINS
| Issue Price (adjusted) | 42.0 |
| Listing Open Price | 42.0 |
| Listing Close Price | 44.1 |
| Listing Gain% | 0.0% |
| Current Gain% | -77.4% |
Tridhya Tech Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tridhya Tech Ltd. | 9.5 | 22.1 | 45.4 | -0.4 | 0.6 | 1.1 | 0.4 | 35.5 | -16.7 | 0.5 | 113.6 | 0.2 | -113.6 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Tridhya Tech INFORMATION ON IPO ISSUE
About Tridhya Tech
Tridhya Tech was established on February 2, 2018, and operates in the field of comprehensive software development, offering a wide range of IT services and resources. The company specializes in providing end-to-end consultancy services to various industries, including e-commerce, real estate, transport and logistics, insurance, and other sectors. Its service portfolio encompasses e-commerce development, enterprise content management, customized web management, mobile app development, API development, product support and maintenance, front-end development, and graphic design.
Object of the Issue
- Repayment of unsecured and secured loans
- General corporate purpose
- Meeting public issue expenses
Tridhya Tech - PROMOTERS
| Name |
|---|
| Ramesh Arjanbhai Marand |
| Vinay Shivji Dangar |
| Tridhya Consultancy LLP |
Tridhya Tech Lead Manager of the Issue
Interactive Financial Services
mbd@ifinservices.in
Tridhya Tech Registrar to the Issue
Link Intime India Private Limited
tridhyatech.ipo@linkintime.co.in
Tridhya Tech Strengths
End-to-end IT services
The company offers comprehensive IT services to its customers, supporting their software applications and business operations throughout the entire business life cycle
Quality service
The company's robust systems ensure timely delivery of all services to clients with minimal errors, leading to reduced product rejection. This commitment to quality has resulted in high customer retention and repeat orders
Tridhya Tech Risks
Multiple loans
The company has taken multiple loans from multiple entities, such as Ratnnafin Capital and Yes Bank
Severe competition
The company operates in a highly competitive global market for software-based products. It faces intense competition from other industry players. Additionally, the company must constantly strive to keep up with rapid technological advancements to stay relevant in the market
IPO FAQs
The promoters of the company are Ramesh Arjanbhai Marand, Vinay Shivji Dangar and Tridhya Consultancy LLP.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 35.0 - 42.0.
The IPO application opens on Jun 30, 2023 and closes on Jul 05, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Jul 10, 2023.
The refund will be credited to your account on Jul 11, 2023.
The allotted shares will be credited to your demat on Jul 12, 2023.
Tridhya Tech Ltd.’s shares listed on the stock exchanges on Jul 13, 2023.