Yudiz Solutions was incorporated on September 12, 2011. The company is engaged in the business of providing IT solutions and consultancy, with a focus on offering scalable and secure solutions to shape a business idea by implementing the latest and cutting-edge technologies. It provides web, mobile, game, and blockchain solutions for businesses.
| Bidding Dates |
|---|
| 04 Aug 2023 - 08 Aug 2023 |
| Subscription |
|---|
| 4.75x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,32,000 | 1 | 1 | 800 | 2.7 M | ₹162 - ₹165 | 73.67 % | ₹440.3 M - ₹448.4 M | RHP DOC |
Yudiz Solutions IPO SUBSCRIPTION STATUS
08 Aug '23Yudiz Solutions IPO overall subscription rate was 4.75 times the total available shares
Yudiz Solutions IPO retail subscription rate was 8.5 times in the retail segment
Yudiz Solutions IPO non-institutional investor subscription rate was 6.84 times in the non-institutional investor category
Yudiz Solutions IPO Qualified Institutional Bidder subscription rate was 1.49 times the available shares for Qualified Institutional Bidder
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
08 Aug 2023 (Day 3) | 8.5x | 6.84x | 1.49x |
07 Aug 2023 (Day 2) | 3.41x | 2.15x | 0.94x |
04 Aug 2023 (Day 1) | 0.77x | 0.48x | 0.49x |
Yudiz Solutions 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) | Margins |
| FY23 | 27.5 | 273.1 | 6.6 | -19.7 | 22.6% |
| FY22 | 7.4 | 187.6 | 29.3 | 15.0 | 12.1% |
| FY21 | 8.1 | 128.3 | 10.0 | -20.6 | 12.3% |
Yudiz Solutions IPO SUBSCRIPTION STATUS DETAILS
Yudiz Solutions had 2.7 M shares on offer
Yudiz Solutions IPO offer price was in the range ₹162 - ₹165
Yudiz Solutions IPO minimum Investment was ₹132000
Yudiz Solutions IPO issue size was ₹ 440.3 M - ₹ 448.4 M
Yudiz Solutions had a minimum lot size of 800 Shares per application
Yudiz Solutions NUMBER OF SHARES ON OFFER
Yudiz Solutions IPO IMPORTANT DATES
| Issue Open Date | 04 Aug 2023 |
| Issue close Date | 08 Aug 2023 |
| Allotment Date | 11 Aug 2023 |
| Refund Date | 14 Aug 2023 |
| Demat Account Credit Date | 17 Aug 2023 |
| Listing Date | 17 Aug 2023 |
| Listing on Exchange(s) | NSE |
| Yudiz Solutions Allotment Status | Exchange |
Yudiz Solutions IPO subscription opened on 04 Aug 2023, and closed on 08 Aug 2023
IPO allotment for Yudiz Solutions was finalized on Friday, 11 Aug 2023
IPO listing for Yudiz Solutions was on NSE on Thursday, 17 Aug 2023
Yudiz Solutions IPO LISTING GAINS
| Issue Price (adjusted) | 165.0 |
| Listing Open Price | 185.0 |
| Listing Close Price | 181.4 |
| Listing Gain% | 12.1% |
| Current Gain% | -84.1% |
Yudiz Solutions 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Yudiz Solutions Ltd. | 26.2 | 27 | -145.5 | 1.7 | 1.2 | -0.5 | -0.5 | 23.3 | -3 | -0.2 | 83.8 | -0.2 | -83.8 |
| Tata Consultancy Services Ltd. | 2450.5 | 886612.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1184.6 | 480717.4 | 15.9 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1362.3 | 369682.6 | 21.2 | 8.1 | 2.8 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 186.5 | 184717 | 14 | -7.7 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1649.7 | 161684.6 | 31.5 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Yudiz Solutions INFORMATION ON IPO ISSUE
About Yudiz Solutions
Yudiz Solutions was incorporated on September 12, 2011. The company is engaged in the business of providing IT solutions and consultancy, with a focus on offering scalable and secure solutions to shape a business idea by implementing the latest and cutting-edge technologies. It provides web, mobile, game, and blockchain solutions for businesses.
Object of the Issue
- To meet the expenses for unidentified acquisition for 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 the 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 expenses
Yudiz Solutions - PROMOTERS
| Name |
|---|
| Bharat Shamjibhai Patel |
| Chirag Rajendrakumar Leuva |
| Pratik Bhaskarbhai Patel |
| Ability Games Limited |
Yudiz Solutions Lead Manager to the Issue
Narnolia Financial Services Limited
pankaj.passi@narnolia.com
Yudiz Solutions Registrar to the issue
MAS Services Limited
info@masserv.com
Yudiz Solutions Strengths
Certification
The company has been ISO 13485:2016 certified in the area of medical care and quality management systems development in the respective field. Additionally, it is ISO 9001:2015 certified, providing services of web and software development, mobile applications, etc
Integrated business model
The company provides products and services through an integrated business model, encompassing four business segments. At the core of the business strategy, the integrated model includes creating solutions and products from scratch based on our clients' specific requirements and needs
Low attrition rate
The company focuses on providing scalable solutions that require research and learning about modern as well as innovative technologies. The workplace comprises experienced leaders who are ready to share their valuable knowledge, making it an admirable place to work and resulting in a low attrition rate
Yudiz Solutions Risks
Outstanding litigation pending
There is outstanding litigation pending against the corporate promoter, which, if determined adversely, could affect the business, results of operations, and financial condition
Contingent liabilities
The company has certain contingent liabilities, and the financial condition and profitability may be adversely affected if any of these contingent liabilities materialize
Negative cash flows
The company has negative cash flows from its financing activities in the current year and from its investing and financing activities in past years. Sustained negative cash flow could impact our growth and business
IPO FAQs
The promoters of the company are Bharat Shamjibhai Patel, Chirag Rajendrakumar Leuva, Pratik Bhaskarbhai Patel and Ability Games Limited.
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 162.0 - 165.0.
The IPO application opens on Aug 04, 2023 and closes on Aug 08, 2023.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 132,000.0, the maximum value for this IPO is Rs 132,000.0.
This IPO will be allotted on Aug 11, 2023.
The refund will be credited to your account on Aug 14, 2023.
The allotted shares will be credited to your demat on Aug 17, 2023.
Yudiz Solutions Ltd.’s shares listed on the stock exchanges on Aug 17, 2023.