Tridhya Tech Limited, founded in 2018, is a leading provider of software development services and solutions. With a focus on industries such as e-commerce, real estate, transport and logistics, insurance, and more, Tridhya Tech offers IT consultancy services to cater to diverse business needs.
The company specializes in a wide range of services, including e-commerce development, enterprise content management, bespoke web management, mobile app development, API development, product support and maintenance, front-end development, and graphic design. Tridhya Tech takes a comprehensive approach to software development, starting from conceptualization and architecture design to coding, testing, deployment, and post-deployment support. Their expert team ensures successful project completion and offers ongoing maintenance and support services to ensure the longevity and efficiency of the software.
Tridhya Tech has expanded its reach through strategic acquisitions. In January 2022, the company acquired Concentric IT Services Private Limited, strengthening its software development capabilities. Additionally, in December 2022, Tridhya Tech acquired Basilroot Technologies Private Limited and Vedity Software Private Limited, further enhancing its portfolio and expertise.
With a strong presence in both international and domestic markets, Tridhya Tech serves clients across various countries, including Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, the Netherlands, Qatar, Singapore, Switzerland, the UAE, the UK, and the USA. In the domestic market, the company has established a loyal customer base in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka.
Tridhya Tech Limited continues to deliver cutting-edge software solutions, leveraging its extensive industry experience, global presence, and a dedicated team of professionals. With a commitment to excellence, the company remains at the forefront of the software development industry, providing innovative and tailored solutions to meet the evolving needs of its clients.
Tridhya Tech Limited Stock Quote #
- Open: ₹42.00
- High – Low: ₹42.20 – ₹41.50
- Previous Close: ₹41.95
- Total Traded Value: 72,000
- Updated On: Jul 18, 2023 4:00 PM
Tridhya Tech IPO Details #
| IPO Date | Jun 30, 2023 to Jul 5, 2023 |
| Listing Date | Jul 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹35 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,288,000 shares (aggregating up to ₹26.41 Cr) |
| Fresh Issue | 6,288,000 shares (aggregating up to ₹26.41 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,288,000 |
| Market Maker portion | 315,000 shares Econo Broking |
Tridhya Tech IPO Reservation #
| Anchor Investor Shares Offered | 1,431,000 (22.76%) |
| Market Maker Shares Offered | 315,000 (5.01%) |
| QIB Shares Offered | 1,554,000 (24.71%) |
| NII (HNI) Shares Offered | 897,450 (14.27%) |
| Retail Shares Offered | 2,090,550 (33.25%) |
| Total Shares Offered | 6,288,000 (100%) |
Tridhya Tech IPO Timetable (Tentative) #
Tridhya Tech IPO opens on Jun 30, 2023, and closes on Jul 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 30 June 2023 |
| Closing Date | Wednesday, 5 July 2023 |
| Basis of Allotment | Monday, 10 July 2023 |
| Initiation of Refunds | Tuesday, 11 July 2023 |
| Credit of Shares to Demat | Wednesday, 12 July 2023 |
| Listing Date | Thursday, 13 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 5, 2023 |
Tridhya Tech IPO Lot Size #
The Tridhya Tech IPO lot size is 3000 shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
| Lot Size Calculator | |||
Tridhya Tech IPO Promoter Holding #
The promoters of the company are Mr. Ramesh Marand, Mr. Vinay Dangar, and M/s. Tridhya Consultancy.
| Pre Issue Share Holding | 80.8% |
| Post Issue Share Holding | 58.98% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 2,548.77 | 1,407.48 | 339.46 | 1,457.98 | 1,309.84 | 705.46 |
| 31-Dec-22 | 5,969.66 | 1,507.92 | 284.97 | 2,030.66 | 1,860.35 | 3,090.04 |
| Amount in ₹ Lakhs | ||||||
Key Performance Indicator #
| KPI | Values |
|---|---|
| P/E (x) | 26.09 |
| Market Cap (₹ Cr.) | 97.81 |
| ROE | 2.85% |
| ROCE | 9.69% |
| Debt/Equity | 1.23 |
| EPS (Rs) | 44.44 |
| RoNW | 65.52% |
Objects of the Issue #
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment of unsecured and secured loans,
- General Corporate Purpose, and
- Meeting Public Issue Expenses.
Tridhya Tech IPO Subscription Status (Bidding Detail) #
The Tridhya Tech IPO is subscribed 72.38 times on Jul 5, 2023 7:29:00 PM. The public issue subscribed 67.62 times in the retail category, 15.62 times in the QIB category, and 181.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 15.62 |
| NII | 181.72 |
| Retail | 67.62 |
| Total | 72.38 |
Total Application : 47,123 (67.71 times)
Tridhya Tech IPO Prospectus #
- › Tridhya Tech IPO DRHP
- › Tridhya Tech IPO RHP
- › Anchor Investors in Tridhya Tech IPO
Tridhya Tech IPO Listing Details #
| Listing Date | Jul 13, 2023 |
| BSE Script Code | |
| NSE Symbol | TRIDHYA |
| ISIN | INE0LWY01029 |
| Final Issue Price | ₹42 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹42.00 |
| ₹42.00 |
| ₹39.90 |
| ₹44.10 |
| ₹44.10 |
Check IPO Performance…
Company Contact Information #
401, One World West,
Near Ambli T-Junction 200′ S. P. Ring Road,
Bopal Ahmedabad – 380058
Phone: +919571831080
Email: grievance@tridhyatech.com
Website: https://www.tridhyatech.com/
Tridhya Tech IPO Registrar #
Phone: +91-22-4918 6270
Email: tridhyatech.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Tridhya Tech IPO Lead Manager(s) #
Frequently Asked Questions #
What is Tridhya Tech IPO and what does the company do? #
Tridhya Tech is a full-service software development company based in Gujarat. The company offers services like eCommerce, Web, and Mobile Application Development. They provide services in the international market and have a strong presence in countries like Australia, Canada, UAE, UK, and the USA. In the domestic market, their customer base is in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka. Tridhya Tech provides a range of software development services, including e-commerce development, mobile app development, cloud services, data analytics, and more.
When is the Tridhya Tech IPO open and close? #
The Tridhya Tech IPO is open for subscription from June 30, 2023, to July 5, 2023.
What is the IPO price range of Tridhya Tech and the lot size for retail investors? #
The IPO price range of Tridhya Tech is ₹35 to ₹42 per share, and the lot size for retail investors is 3000 shares.
What is the total issue size of the Tridhya Tech IPO? #
The total issue size of the Tridhya Tech IPO is 6,288,000 equity shares, aggregating up to ₹26.41 Crores.
When will the allotment of shares be finalized and when will they be credited to the demat account? #
The basis of allotment for the Tridhya Tech IPO is scheduled for July 10, 2023. The shares will be credited to the demat accounts of the successful allottees on July 12, 2023.
When will the Tridhya Tech IPO be listed on the stock exchanges? #
The listing date for the Tridhya Tech IPO is set for July 13, 2023.
What is the reservation for different investor categories in the Tridhya Tech IPO? #
The IPO offers 1,554,000 shares to Qualified Institutional Buyers (QIB) (50% of the net offer), 897,450 shares to Non-Institutional Investors (NII) (15% of the net offer), and 2,090,550 shares to Retail Individual Investors (RII) (35% of the net offer).
What are the objectives of the IPO? #
The net proceeds from the IPO will be utilized for the repayment of unsecured and secured loans, general corporate purposes, and meeting public issue expenses.
What is the subscription status of the Tridhya Tech IPO for different investor categories? #
As of the last available data, the Tridhya Tech IPO was subscribed 15.62 times by Qualified Institutional Buyers (QIB), 181.72 times by Non-Institutional Investors (NII), and 67.62 times by Retail Individual Investors (RII).
How can one apply for the Tridhya Tech IPO? #
Investors can apply for the Tridhya Tech IPO via ASBA (Application Supported by Blocked Amount) available in their bank account or through the broker using UPI. The IPO can also be applied through IPO forms downloaded from the NSE website.
Please note that the above information is based on the data provided and might be subject to change. For up-to-date and detailed information, it is recommended to refer to the official prospectus and relevant websites.
