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ADJIA Technologies Limited IPO (ADJIA Technologies IPO) Detail

March 2, 2021 - March 4, 2021

ADJIA Technologies IPO is a fixed price issue of Rs 2.00 crores.

ADJIA Technologies IPO bidding started from March 2, 2021 and ended on March 4, 2021. The allotment for ADJIA Technologies IPO was finalized on Tuesday, March 9, 2021. The shares got listed on BSE SME on March 15, 2021.

ADJIA Technologies IPO price is ₹74 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹118,400.

Shreni Shares Limited is the book running lead manager of the ADJIA Technologies IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to ADJIA Technologies IPO DRHP for detailed information.

ADJIA Technologies IPO Details

IPO Date March 2, 2021 to March 4, 2021
Listing Date March 15, 2021
Face Value ₹10 per share
Price ₹74 per share
Lot Size 1600 Shares
Total Issue Size270,400 shares
(aggregating up to ₹2.00 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion14,400 shares

ADJIA Technologies IPO Reservation

ADJIA Technologies IPO offers 284,800 shares. 270,400 (94.94%) to NII, 270,400 (94.94%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered14,400 (5.06%)
Other Shares Offered270,400 (94.94%)
Retail Shares Offered270,400 (94.94%)
Total Shares Offered284,800 (100%)

ADJIA Technologies IPO Timeline (Tentative Schedule)

ADJIA Technologies IPO opens on March 2, 2021, and closes on March 4, 2021.

IPO Open Date Tuesday, March 2, 2021
IPO Close Date Thursday, March 4, 2021
Basis of Allotment Tuesday, March 9, 2021
Initiation of Refunds Wednesday, March 10, 2021
Credit of Shares to Demat Friday, March 12, 2021
Listing Date Monday, March 15, 2021
Cut-off time for UPI mandate confirmation 5 PM on March 4, 2021

ADJIA Technologies IPO Lot Size

Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1600 ₹118,400
Retail (Max) 1 1600 ₹118,400
Lot Size Calculator

ADJIA Technologies IPO Promoter Holding

Mr. Roshan Kumar Rawal is the promoter of the company.

Share Holding Pre Issue 94.10%
Share Holding Post Issue 65.20%

About ADJIA Technologies Limited

ADJIA Technologies Limited offers augmented reality and virtual reality related to customers electronically. It further offers software consultancy-related services to clients.

The company provides VR AR 360 based products and services to customers across industries i.e. manufacturing, reality, marketing, e-commerce, education, real estate, hospitality, etc.

Competitive Strengths

  • High quality service standards.
  • Technological advancement and product innovation.
  • Experienced management.
  • Strong customer relationship.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
31-Dec-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 67.92 4.05 1.66 1.67
Total Revenue 17.27 10.45 - -
Profit After Tax 5.60 1.88 (0.06) (0.20)

Objects of the Issue (ADJIA Technologies IPO Objectives)

The IPO aims to raise money for the following purposes;

  • To fund the equipment purchase.
  • To take marketing initiatives.
  • To meet general corporate purposes.

ADJIA Technologies IPO Review (Avoid)

[Dilip Davda]  ATL being a startup has minuscule financial data for a limited period. Based on this, the asking price is at a much higher P/E. The company is paying around 20% to mobilize Rs. 2 crores from the market, this indicates that the issue is pre-structured and funding arrangement is done. There is no harm in giving this issue a MISS. Read detail review...


ADJIA Technologies IPO Subscription Status (Bidding Detail)

The ADJIA Technologies IPO is subscribed 6.03 times on March 4, 2021 7:49:00 AM. The public issue subscribed 5.15 times in the retail category, times in the QIB category, and 0.88 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
Other0.88
Retail5.15
Total6.03

ADJIA Technologies IPO Prospectus

ADJIA Technologies IPO Rating

66
3.2
Rating:Rated 3.2 stars
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ADJIA Technologies IPO Listing Details

Listing Date March 15, 2021
BSE Script Code 543269
NSE Symbol
ISIN INE0G0V01018
Final Issue Price ₹74 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE SME
₹74.00
₹74.50
₹74.00
₹74.65
₹74.25

Check IPO Performance…

ADJIA Technologies Limited Contact Details

ADJIA Technologies Limited
102, Fairdeal House, Opp. Xaviers Ladies Hostel,
Swastik Char Rasta, Navrangpura
Ahmedabad - 380 009
Phone: +91-87800-38297
Email: info@adjiatechnologies.com
Website: http://www.adjiatechnologies.com/

ADJIA Technologies IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: adjia.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

ADJIA Technologies IPO - Buy or Not

ADJIA Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 0 0

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ADJIA Technologies IPO FAQs

ADJIA Technologies IPO is a SME IPO of 270,400 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600 Shares.

The IPO opens on March 2, 2021, and closes on March 4, 2021.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in ADJIA Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in ADJIA Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in ADJIA Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'ADJIA Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The ADJIA Technologies IPO opens on March 2, 2021 and closes on March 4, 2021.

ADJIA Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹118,400.

You can apply in ADJIA Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for ADJIA Technologies IPO will be done on Tuesday, March 9, 2021, and the allotted shares will be credited to your demat account by Friday, March 12, 2021. Check the ADJIA Technologies IPO allotment status.

The ADJIA Technologies IPO listing date is on March 15, 2021.
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ADJIA Technologies IPO Message Board

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3 Comments

2. Baskaran |   Link |  Bookmark |February 28, 2021 8:58:22 AM
Aviod
1. KDForIPO |   Link |  Bookmark |February 27, 2021 6:23:42 PM
Looks Good.
Any comment ? thinking to apply first time on SME IPO.
Lead Manager track record is good.
Company business looks good.
Any view ?
1.1. Deepakkumar |   Link |  Bookmark |February 28, 2021 7:56:16 AM (200+ Posts)
Go for it ! We will learn from your mistakes.
Do update us.