June 30, 2023 - July 5, 2023

Tridhya Tech IPO Review & Recommendations

Dilip Davda recommend to "Avoid" the IPO.

Tridhya Tech IPO Review Summary from brokers and analysts

Review By	Apply	May Apply	Neutral	Avoid	Not Rated
Count	0	0	0	1	0
%	0.00	0.00	0.00	100.00	0.00

Tridhya Tech IPO Analysis By Brokers/Analysts

Reviewer	Recommendation	Past Reviews
Dilip Davda	Avoid

Tridhya Tech IPO Review by Dilip Davda (Avoid)

[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players. Its offer document has many mismatches and anomalies. Based on its financial performance so far, the issue appears greedily priced. There is no harm in skipping this “High Risk/Low Return” bet. Read detail review...

Tridhya Tech IPO Peer Comparison

Tridhya Tech Limited peer comparison with similar listed entities. (Standalone) (As on March 31, 2022)

Company Name	EPS (Rs)	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Company Name	EPS Basic	NAV (per share) (Rs)	P/E (x)	RoNW (%)
Tridhya Tech Limited	23.58	49.44	1.78	22.37
Dev Information Technologies Limited	3.47	30.76	38.99	5.53
Silver Touch Technologies Limited	4.81	67.98	77.96	7.08
Infobeans Technologies Limited	11.51	84.02	40.55	13.46

Notes:

Considering the nature and size of the company's business, the peers are not strictly comparable. However, the above companies are included for broad comparison.
The figures for Tridhya Tech Limited, are based on the restated standalone financial statements for the year ended March 31, 2022.
The figures are based on the Standalone financial statements for the year ended March 31, 2022, of Dev Information Technologies Limited, Silver Touch Technologies Limited, and Infobeans Technologies Limited from the Companies' websites.
NAV is computed as the closing net worth divided by the closing outstanding number of equity shares. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.
P/E Ratio for the peer has been computed based on the closing market price of respective equity shares as on June 14, 2023, sourced from the website of the Stock Exchange as divided by the Basic/diluted EPS as applicable.
RoNW is computed as net profit after tax, as attributable to the owners of the Company divided by closing net worth. Net worth has been computed as the aggregate of share capital and reserves and surplus (excluding Revaluation Reserves) and as attributable to the owners of the Company.

Tridhya Tech IPO Review by Members

Tridhya Tech IPO Reviews, analysis and views by popular members. Read Tridhya Tech Limited IPO reviews by retail investors to find recommended ipo to buy.

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Tridhya Tech IPO Review Summary by Members

Review By	Apply	May Apply	Neutral	Avoid
Count	4	0	0	3
%	57.14	0.00	0.00	42.86

Member	Review
Pampaniya	Apply for Long Term at Upper Price Band Tridhya tech IPO is best in SME segment so far. The company revenue for 9 month ending in FY 23 is INR 15 crore with profitability of INR 2.85 cr which is impressive and also company growing faster. June 30, 2023 10:58:28 PM
Dixita Rathod	Apply for Long Term at Cut-off Price Tridhya tech ipo on sme board is best bet so far in sme segment. The company is growing at a CAGR 50℅ yoy and is profitable June 30, 2023 10:54:58 PM
Maulikgiri Gosai	Apply for Long Term at Cut-off Price Tridhya tech GMP today is Rs 12 and expected to give good return on listing June 30, 2023 10:40:41 PM
AshishINVSTR	Avoid fake book, made up entries...pure play staff augmentation business - everyone doing sales no one in execution or value creation, play Rummy if you have excess money to have your chances of earning returns 1 June 29, 2023 6:12:08 PM
nileshshahzeebusiness	Apply for Long Term at Cut-off Price Company having presence in multiple countries and company has already raised 6.01 through anchor. I have attended their roadshow and management seems to be optimistic June 27, 2023 10:57:33 PM
tUShaar	Avoid info untrustworthy and too good to be true for me to understand why they need money 1 June 27, 2023 7:00:55 PM
Seam	Avoid my analysis June 27, 2023 6:21:13 PM

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