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Tridhya Tech IPO is a book built issue of Rs 26.41 crores. The issue is entirely a fresh issue of 62.88 lakh shares.
Tridhya Tech IPO bidding started from June 30, 2023 and ended on July 5, 2023. The allotment for Tridhya Tech IPO was finalized on Monday, July 10, 2023. The shares got listed on NSE SME on July 13, 2023.
Tridhya Tech IPO price band is set at ₹35 to ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000.
Interactive Financial Services Ltd is the book running lead manager of the Tridhya Tech IPO, while Link Intime India Private Ltd is the registrar for the issue. The market maker for Tridhya Tech IPO is Econo Broking.
Refer to Tridhya Tech IPO RHP for detailed information.
| IPO Date | June 30, 2023 to July 5, 2023 |
| Listing Date | July 13, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹35 to ₹42 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 6,288,000 shares (aggregating up to ₹26.41 Cr) |
| Fresh Issue | 6,288,000 shares (aggregating up to ₹26.41 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 17,000,000 |
| Share holding post issue | 23,288,000 |
| Market Maker portion | 315,000 shares Econo Broking |
Tridhya Tech IPO offers 6,288,000 shares. 1,554,000 (24.71%) to QIB, 897,450 (14.27%) to NII, 2,090,550 (33.25%) to RII 1,431,000 (22.76%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 1,431,000 (22.76%) |
| Market Maker Shares Offered | 315,000 (5.01%) |
| QIB Shares Offered | 1,554,000 (24.71%) |
| NII (HNI) Shares Offered | 897,450 (14.27%) |
| Retail Shares Offered | 2,090,550 (33.25%) |
| Total Shares Offered | 6,288,000 (100%) |
Tridhya Tech IPO raises Rs 6.01 crore from anchor investors. Tridhya Tech IPO Anchor bid date is June 27, 2023. Tridhya Tech IPO Anchor Investors list
| Bid Date | June 27, 2023 |
| Shares Offered | 1,431,000 |
| Anchor Portion Size (In Cr.) | 6.01 |
| Anchor lock-in period end date for 50% shares (30 Days) | August 9, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | October 8, 2023 |
Tridhya Tech IPO opens on June 30, 2023, and closes on July 5, 2023.
| IPO Open Date | Friday, June 30, 2023 |
| IPO Close Date | Wednesday, July 5, 2023 |
| Basis of Allotment | Monday, July 10, 2023 |
| Initiation of Refunds | Tuesday, July 11, 2023 |
| Credit of Shares to Demat | Wednesday, July 12, 2023 |
| Listing Date | Thursday, July 13, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on July 5, 2023 |
Investors can bid for a minimum of 3000 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 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
| Lot Size Calculator | |||
The promoters of the company are Mr. Ramesh Marand, Mr. Vinay Dangar, and M/s. Tridhya Consultancy.
| Share Holding Pre Issue | 80.8% |
| Share Holding Post Issue | 58.98% |
Incorporated in 2018, Tridhya Tech Limited provides software development services and solutions.
Tridhya Tech provides IT consultancy services to industries like e-commerce, Real estate, Transport & Logistics, Insurance, and other sectors. The company also provides 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 provides customized software products, which start from the initial concept of the product requirement, designing the architecture, coding, and testing, deploying to the final deployment of the product. It also provides post-deployment support on time to time basis to our clients. The company also provides project management, consultation services, maintenance, and support services to ensure the successful completion of the project and the longevity of the software.
In January 2022, the Company acquired Concentric IT Services Private Limited (Concentric), a software development company by acquiring 100 % equity. In December 2022, the Company acquired Basilroot Technologies Private Limited (BTPL), and also Vedity Software Private Limited (Vedity) software development companies by acquiring 100% equity.
Tridhya has a strong presence in the international market i.e., Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, UAE, UK, and USA. In the domestic market, the company's customer base is based in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31-Mar-22 | 2,548.77 | 1,407.48 | 339.46 | 1,457.98 | 1,309.84 | 705.46 |
| 31-Dec-22 | 5,969.66 | 1,507.92 | 284.97 | 2,030.66 | 1,860.35 | 3,090.04 |
| Amount in ₹ Lakhs | ||||||
The market capitalization of Tridhya Tech IPO is Rs 97.81 Cr.
| KPI | Values |
|---|---|
| ROE | 2.85% |
| ROCE | 9.69% |
| Debt/Equity | 1.23 |
| RoNW | 65.52% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 44.44 | |
| P/E (x) | 26.09 |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[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...
The Tridhya Tech IPO is subscribed 72.38 times on July 5, 2023 7:29:00 PM. The public issue subscribed 67.62 times in the retail category, 15.62 times in the QIB category, and 181.72 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 15.62 |
| NII | 181.72 |
| Retail | 67.62 |
| Total | 72.38 |
Total Application : 47,123 (67.71 times)
| Listing Date | July 13, 2023 |
| BSE Script Code | |
| NSE Symbol | TRIDHYA |
| ISIN | INE0LWY01029 |
| Final Issue Price | ₹42 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹42.00 |
| ₹42.00 |
| ₹39.90 |
| ₹44.10 |
| ₹44.10 |
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/
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tridhyatech.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html
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Check our SME IPO Guide 
Tridhya Tech IPO is a SME IPO of 6,288,000 equity shares of the face value of ₹10 aggregating up to ₹26.41 Crores. The issue is priced at ₹35 to ₹42 per share. The minimum order quantity is 3000 Shares.
The IPO opens on June 30, 2023, and closes on July 5, 2023.
Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Tridhya Tech IPO using UPI as a payment gateway. Zerodha customers can apply in Tridhya Tech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Tridhya Tech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Tridhya Tech IPO opens on June 30, 2023 and closes on July 5, 2023.
Tridhya Tech IPO lot size is 3000 Shares, and the minimum amount required is ₹126,000.
You can apply in Tridhya Tech 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 Tridhya Tech IPO will be done on Monday, July 10, 2023, and the allotted shares will be credited to your demat account by Wednesday, July 12, 2023. Check the Tridhya Tech IPO allotment status.
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