Equity shares in Tridhya Tech Limited will be issued via book-built issue in the company’s Initial Public Offering (IPO). The initial public offering (IPO) for Tridhya Tech Limited is set for the week of June 30 – July 05, 2023.The issue is priced at ₹35 to ₹42 per share. The minimum order quantity is 3000 Shares. With a face value of Rs. 10, each of the 6,288,000 shares up for sale in the IPO may bring in as much as 26.41 Cr. for the company. Let’s learn more about their initial public offering scheduled for June-July of 2023.
About Tridhya Tech Limited
Tridhya Tech Limited, founded in 2018, offers software development services and solutions. Tridhya Tech offers IT consulting services to businesses such as e-commerce, real estate, transportation and logistics, insurance, and others. E-commerce development, Enterprise Content Management, Bespoke Web Management, Mobile App Development, API Development, Product Support & Maintenance, Front End Development, and Graphic design are all services offered by the organization.
The company creates bespoke software products, beginning with the basic concept of the product requirement, then designing the architecture, coding, and testing, and finally deploying the product. It also offers our clients post-deployment support on an as-needed basis. To ensure the successful completion of the project and the longevity of the software, the organization also provides project management, advisory services, maintenance, and support services.
In January 2022, the Company purchased 100% stock in Concentric IT Services Private Limited (Concentric), a software development company. The Company purchased 100% stake in Basilroot Technologies Private Limited (BTPL) and Vedity Software Private Limited (Vedity) software development companies in December 2022. Tridhya has a substantial international presence in Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, the Netherlands, Qatar, Singapore, Switzerland, the UAE, the United Kingdom, and the United States. Customers in the domestic market include Maharashtra, Gujarat, Punjab, Telangana, and Karnataka.
Tridhya Tech IPO – Issue Details
| Issue Type | Book Built IPO Issue |
| Issue Opens | 30th June 2023 |
| Issue Closes | 05th July 2023 |
| Face Value | Rs 10 Per Share |
| Issue Price | Rs 35 to Rs 42 Per Share |
| Issue Size | 6,288,000 Shares (Rs 26.41 crores) |
| Minimum Order Quantity | 3000 Shares |
| Listing | NSE, SME |
Purpose of the Issue
The company aims to use the net revenues of the offering to fund the following projects:
- Repayment of unsecured and secured loans.
- Meeting Public Issue Expenses.
- To fund expenditures towards General company objectives.
Tridhya Tech Limited — Company Contact Details
- Registered & Corporate Office: 401, One World West, Near Ambli T-Junction 200′ S. P. Ring Road, Bopal Ahmedabad – 380058
- Telephone: +919571831080
- Website: https://www.tridhyatech.com/
Tridhya Tech IPO – Lead Managers of the Issue
Interactive Financial Services Ltd
- Office Address: A – 1006, Premium House, B/h Handloom House, Ashram Road, Ahmedabad – 380009
- Telephone: +91-79-2658 1240
- Email: info@iFinServices.com
Tridhya Tech IPO – Registrar of the Issue
Link Intime India Private Ltd
- Telephone: +91-22-4918 6270
- Email: tridhyatech.ipo@linkintime.co.in
- Website: https://linkintime.co.in/
Tridhya Tech Limited IPO Issue Prospectus
Click here to read the Final Prospectus of this IPO Issue.
Disclaimer: Investingly just provides basic information as update about the issues. Investingly never gives advices or recommendations to anyone. Investments into securities are subject to market risk. Please read the offer and issue documents carefully before investing. It is also advised to consult your financial advisor for necessary suggestions.
