ADJIA Technologies Limited offers augmented reality and virtual reality related to customers electronically. It further offers software consultancy-related services to clients.
| Bidding Dates |
|---|
| 02 Mar 2021 - 04 Mar 2021 |
| Subscription |
|---|
| 6.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,18,400 | 1 | 1 | 1600 | 270.4 K | ₹74 | 69.29 % | ₹20.0 M | RHP DOC |
Adjia Technologies IPO SUBSCRIPTION STATUS
04 Mar '21Adjia Technologies IPO overall subscription rate was 6.03 times the total available shares
Adjia Technologies IPO retail subscription rate was 5.15 times in the retail segment
Adjia Technologies IPO non-institutional investor subscription rate was 0.88 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 Mar 2021 (Day 1) | 0.79x | 0.18x | - |
03 Mar 2021 (Day 2) | 2.71x | 0.45x | - |
04 Mar 2021 (Day 3) | 5.15x | 0.88x | - |
Adjia Technologies 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) |
| 9MFY21 | 0.6 | 1.7 | 0.7 | -0.9 |
| FY20 | 0.2 | 1.0 | 0.3 | -1.6 |
Adjia Technologies IPO SUBSCRIPTION STATUS DETAILS
Adjia Technologies had 270.4 K shares on offer
Adjia Technologies IPO offer price was ₹74
Adjia Technologies IPO minimum Investment was ₹118400
Adjia Technologies IPO issue size was ₹ 20.0 M
Adjia Technologies had a minimum lot size of 1600 Shares per application
Adjia Technologies NUMBER OF SHARES ON OFFER
Adjia Technologies IPO IMPORTANT DATES
| Issue Open Date | 02 Mar 2021 |
| Issue close Date | 04 Mar 2021 |
| Allotment Date | 09 Mar 2021 |
| Refund Date | 10 Mar 2021 |
| Demat Account Credit Date | 12 Mar 2021 |
| Listing Date | 15 Mar 2021 |
| Listing on Exchange(s) | BSE |
| Adjia Technologies Allotment Status | Exchange |
Adjia Technologies IPO subscription opened on 02 Mar 2021, and closed on 04 Mar 2021
IPO allotment for Adjia Technologies was finalized on Tuesday, 09 Mar 2021
IPO listing for Adjia Technologies was on BSE on Monday, 15 Mar 2021
Adjia Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 74.0 |
| Listing Open Price | 64.1 |
| Listing Close Price | 74.3 |
| Listing Gain% | -13.4% |
| Current Gain% | -16.5% |
Adjia Technologies INFORMATION ON IPO ISSUE
About Adjia Technologies
ADJIA Technologies Limited offers augmented reality and virtual reality related to customers electronically. It further offers software consultancy-related services to clients.
Object of the Issue
1.To fund the equipment purchase.
2.To take marketing initiatives.
3.To meet general corporate purposes.
Adjia Technologies - PROMOTERS
| Name |
|---|
| Roshan Rawal |
Adjia Technologies Lead Manager to the issue
Shreni Shares Private Limited
shrenishares@gmail.com
Adjia Technologies Registrar to the issue
Kfin Technologies Private Limited
adjia.ipo@kfintech.com
Adjia Technologies Strengths
Quality Assurance and Standards
The company adopts stringent quality control process which is managed at every stage of our service to ensure the adherence to desired specifications and quality
Experienced & Qualified Management
The leadership and vision of Promoters have been instrumental in driving the business.
Skilled and dedicated manpower
Company is served a team of experienced and knowledgeable personnel.
Adjia Technologies Risks
Significant competition
The company faces significant competition in business from Indian and international companies
Limited operating history
The company has a limited operating history and may be subject to risks inherent in early stage companies
IPO FAQs
Adjia Technologies Ltd. IPO listing opened at Rs 64.10 while the issue price was Rs 74.00 giving -13.38% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 74.00 giving -16.46% gains since its IPO listing.
The promoter of the company is Roshan Rawal.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 74.0 - 74.0.
The IPO application opens on Mar 02, 2021 and closes on Mar 04, 2021.
The minimum lot size for the IPO is 1600. The maximum lot size for the IPO is 1600.
For all category investors, the minimum application amount for this IPO is Rs. 118,400.0, the maximum value for this IPO is Rs 118,400.0.
This IPO will be allotted on Mar 09, 2021.
The refund will be credited to your account on Mar 10, 2021.
The allotted shares will be credited to your demat on Mar 12, 2021.
Adjia Technologies Ltd.’s shares listed on the stock exchanges on Mar 15, 2021.