Tridhya Tech IPO Details at a Glance
- Tridhya Tech IPO Details
- Subscription for this SME IPO is opening from 30 June 2023 to 5 July 2023.
- According to the prospectus, the IPO consists of a fresh issue 6,288,000 shares.
- There is no offer for sales in the IPO issue.
- The Equity Shares have a face value of Rs 10 each.
- The retail allocation is not less than 35% of the total size.
- This SME IPO will be listed in NSE SME exchange.
Tridhya Tech IPO Details – The Company Business Description
Tridhya Tech Private Limited was incorporated dated February 02, 2018 under the leadership of Mr. Ramesh Marand, with experience of 20 years and and Mr. Vinay Dangar, having experience of six years in IT industry.
Tridhya Tech is engaged in full-service Software Development which includes all IT services and resources. The company provides consultancy services to various industries like e-commerce, Real estate, transport and Logistics, Insurance and other sectors.
The services of the company includes services related to e-commerce development, Enterprise content Management, Bespoke Web Management, Mobile App, Development, API Development, Product Support & Maintenance, Front End Development and Graphic design.
The Company had adopted an inorganic growth strategy for the growth of the business. Tridhya Tech Concentric IT Services Private Limited (Concentric) in January 2022. The company also acquired Basilroot Technologies Private Limited (BTPL), and also Vedity Software Private Limited (Vedity) software development companies in December 2022.
Tridhya has strong presence in international market including Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, UAE, UK, USA. In domestic market the company present in states such as Maharashtra, Gujarat, Punjab, Telangana and Karnataka.
Tridhya Technology Limited IPO: Founders and Leadership team
Mr. Ramesh Arjanbhai Marand is one of the promoters and the Managing Director of the company. He has over 2 decades of experience in IT industry. He is the founder, Director, and CEO of Tridhya Tech Private Limited. He is engaged in strategic business alliance and expansion strategy for Tridhya Tech Private Limited and Shaligram Infotech LLP.
Mr. Vinay Shivji Dangar is one of the promoters and the Whole Time Director of the company. He has over 6 years of experience in IT industry.
Tridhya Technology Limited Revenue and Profit
The total income of the company remains flat from INR 1,407.48 lakh in March 2022 to INR 1,507.92 lakhs in December 2022. The Profit After Tax also remain flat INR 339.46 lakh in March 2022 and INR 284.97 lakhs in December 2022.
| Time Period Ended | 31-Mar-22 | 31-Dec-22 |
|---|---|---|
| Total Assets | 2,548.77 | 5,969.66 |
| Total Revenue | 1,407.48 | 1,507.92 |
| Profit After Tax | 339.46 | 284.97 |
| Net Worth | 1,457.98 | 2,030.66 |
| Reserves and Surplus | 1,309.84 | 1,860.35 |
| Total Borrowing | 705.46 | 3,090.04 |
Objective Behind the Tridhya Tech IPO
- 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 date price and details
| Tridhya Technology Limited IPO Details | Tridhya Tech IPO Date Price, and other details |
| IPO Date | Jun 30, 2023 to Jul 5, 2023 |
| IPO Price band | ₹35 to ₹42 per share |
| IPO Allotment date | Monday, 10 July 2023 |
| Refunds Initiation date | Tuesday, 11 July 2023 |
| Credit of Shares to Demat Account | Wednesday, 12 July 2023 |
| Tridhya Tech IPO Listing Date | Thursday, 13 July 2023 |
| Fresh Issue | 6,288,000 Equity shares |
| Offer for Sale | Nil |
| Maximum bid (lot size) For retail investor | 1 lot of 3000 shares Total Investment of ₹126,000 |
| Minimum bid (lot size) For retail investor | 1 lot of 3000 shares Total Investment of ₹126,000 |
| Face Value | INR 10 per share |
| Listing on | NSE Exchange |
Tridhya Technology Limited IPO Lead Managers & Registrar
| Lead Manager | Registrar |
| Interactive Financial Services Ltd | Link Intime India Private Ltd Phone: +91-22-4918 6270 Email: tridhyatech.ipo@linkintime.co.in Website: https://linkintime.co.in/ |
Tridhya Tech Company Contact Information
| Tridhya Tech Limited 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/ |
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