Yudiz Solutions Limited IPO : All You Need to Know

Yudiz Solutions Limited IPO is set to launch on 4 August, 2023. The company initiated its business operations in the year 2012. It is involved in the business of consulting services and IT solutions. The services given by the firm are game development, mobile app development, AR/VR, Blockchain, Website design, web development, E-commerce web application, web maintenance and support, Hybrid apps development, mobile application prototype development, PC/Mobile Game development, White Label Product Development, Digital Marketing etc. 

Yudiz Solutions Limited IPO DETAILS

Yudiz Solutions Limited IPO is set to launch on 4 August, 2023. The subscription timeline extends till 8 August, 2023. The size for the IPO is 44.84 Crore Rs. Shares issued through fresh issue mode are worth 44.84 Crore Rs. No Shares are issued through offer for sale mode. The lot size is 800 shares and the price is 162 Rs to 165 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 Mas Services Limited.

Tabular Description of Yudiz Solutions Limited IPO

IPO OPENING DATE	4 August, 2023
CLOSING DATE FOR IPO	8 August, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	162 Rs to 165 Rs per share
LOT SIZE	800 shares
MINIMUM ORDER QUANTITY	800 shares
ISSUE SIZE	44.84 Crore Rs.
OFFER FOR SALE	No share offered through Offer for sale mode
FRESH ISSUE	44.84 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	17 August, 2023

Yudiz Solutions Limited IPO : IMPORTANT DATES

IPO OPENING DATE	4 August, 2023
CLOSING DATE FOR IPO	8 August, 2023
IPO ALLOTMENT DATE	11 August, 2023
REFUNDS	14 August, 2023
DEMAT A/C CREDITED ON	17 August, 2023
IPO LISTING DATE	17 August, 2023

Yudiz Solutions Limited IPO begins for subscription from 4 August, 2023. The IPO subscription would continue till 8 August, 2023. The allotment status for the shareholders who applied would come on 11 August, 2023. The refunds for the ones who did not get allotment would be initiated on 14 August, 2023. The DEMAT accounts of shareholders would be credited on 17 August, 2023. The listing of the company would be completed on 17 August, 2023.

Yudiz Solutions Limited IPO : Lead Managers

The lead managers are :

• Narnolia Financial Services Limited

The minimum lot size for the company is decided at 800 shares. This holding accounts to 132000 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 264000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	800 shares	132000 Rs.
Maximum	1600 shares	264000 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.
• The IPO money will be used for other purposes such as expense of unidentified acquisitions, networking and cabling, branding, development of new products, etc.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2019-20	2020-21	2021-22
ASSETS	759	958	1701
Revenue	1305	1881	2744
PAT	80	74	275

Yudiz Solutions Limited had an asset base of 759 Lakh Rs in 2021. This increased to 958 Lakh Rs in 2022. In 2023 the assets of the frim increased to 1701 Lakh Rs. This means in three years the assets of the frim almost increased by 1000 Lakh Rs. The revenue of the firm was 1305 Lakh Rs in 2021 which increased to 1881 Lakh Rs in 2022. In 2023 the revenue of the firm more than doubled to 2744 Lakh Rs. The profit of the firm was 80 Lakh Rs in 2021 which decreased in 2022 by 6 Lakh Rs to 74 Lakh Rs. However in 2023 the company’s profit boosted by almost 4 times to 275 Lakh Rs in comparison to the profit of the year 2022.

PROS

• The services given by the firm are game development, mobile app development, AR/VR, Blockchain, Website design, web development, E-commerce web application, web maintenance and support, Hybrid apps development, mobile application prototype development, PC/Mobile Game development, White Label Product Development, Digital Marketing etc.

CONS

• The company works in a highly competitive segment.

Yudiz Solutions 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 Yudiz Solutions 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.