Tridhya Tech Limited IPO : Company Details

Tridhya Tech Limited IPO is set to launch on 30 June, 2023. The company initiated its business operations in the year 2018. It serves its customers with software development services and solutions. The services of the company are expanded to multiple industries like Real Estate, E-commerce, Insurance, Transport and Logistics etc. The services offered by Tridhya include API Development, Enterprise Content Development, E-commerce development, Bespoke Web Management, Product Support and Maintenance, Mobile Application, Graphic Designing, Front end Development etc.

The company has recently acquired Concentric and BTPL with 100% equity acquisition deals. Its work is done in various countries including Germany, France, Canada, Australia, Estonia, Canada, Italy, Israel, Mauritius, Japan, Qatar, Netherlands, Switzerland, SIngapore, UK, UAE, USA etc. In India its major customers are based in Gujarat, Maharashtra, Telangana, Punjab and Karnataka.

Tridhya Tech Limited IPO DETAILS

Tridhya Tech Limited IPO is set to launch on 30 June, 2023. The subscription timeline extends till 5 July, 2023. The size for the IPO is 26.41 Crore Rs. Shares issued through fresh issue mode are worth 26.41 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 3000 shares and the price is 35 Rs to 42 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is Link Intime India Private Limited.

Tabular Description of Tridhya Tech Limited IPO

IPO OPENING DATE	30 June, 2023
CLOSING DATE FOR IPO	5 July, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	35 Rs to 42 per share
LOT SIZE	3000 shares
MINIMUM ORDER QUANTITY	3000 shares
ISSUE SIZE	26.41 Crore Rs.
OFFER FOR SALE	No shares offered through offer for sale mode
FRESH ISSUE	26.41 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	10 July, 2023

Tridhya Tech Limited IPO : IMPORTANT DATES

IPO OPENING DATE	30 June, 2023
CLOSING DATE FOR IPO	5 July, 2023
IPO ALLOTMENT DATE	10 July, 2023
REFUNDS	11 July, 2023
DEMAT A/C CREDITED ON	12 July, 2023
IPO LISTING DATE	13 July, 2023

Tridhya Tech Limited IPO begins for subscription from 30 June, 2023. The IPO subscription would continue till 5 July, 2023. The allotment status for the shareholders who applied would come on 10 July, 2023. The refunds for the ones who did not get allotment would be initiated on 11 July, 2023. The DEMAT accounts of shareholders would be credited on 12 July, 2023. The listing of the company would be completed on 13 July, 2023.

Tridhya Tech Limited IPO : Lead Managers

The lead managers are :

• Interactive Financial Services Limited

The minimum lot size for the company is decided at 3000 shares. This holding accounts to 126000 Rs.. The maximum lot size is decided at 6000 shares (HNI). This amounts to 252000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	3000 shares	126000 Rs.
Maximum	6000 shares	252000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	March 2022	Dec 2022
ASSETS	2548	5969
Revenue	1407	1507
PAT	339	284

Tridhya tech Limited had an asset base of 2548 Lakh Rs in 2022 March which increased to a whopping 5969 Lakh Rs in 2022 December. The revenue of the firm was 1407 Lakh Rs in 2022 March and this went to 1507 Lakh Rs in December 2022. The profit of the company was 339 Lakh Rs in 2022 March but in December the same went down to 284 Lakh Rs.

PROS

• The services of the company are expanded to multiple industries like Real Estate, E-commerce, Insurance, Transport and Logistics etc.
• The services offered by Tridhya include API Development, Enterprise Content Development, E-commerce development, Bespoke Web Management, Product Support and Maintenance, Mobile Application, Graphic Designing, Front end Development etc.
• The company has recently acquired Concentric and BTPL with 100% equity acquisition deals.
• Its work is done in various countries including Germany, France, Canada, Australia, Estonia, Canada, Italy, Israel, Mauritius, Japan, Qatar, Netherlands, Switzerland, SIngapore, UK, UAE, USA etc. In India its major customers are based in Gujarat, Maharashtra, Telangana, Punjab and Karnataka.

CONS

• The company works into a very competitive segment.

Tridhya Tech Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Tridhya Tech Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.