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Tridhya Tech Limited IPO (Tridhya Tech IPO) Detail

June 30, 2023 - July 5, 2023

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.

Tridhya Tech IPO Details

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 Size6,288,000 shares
(aggregating up to ₹26.41 Cr)
Fresh Issue6,288,000 shares
(aggregating up to ₹26.41 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Share holding post issue23,288,000
Market Maker portion315,000 shares
Econo Broking

Tridhya Tech IPO Reservation

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 Offered1,431,000 (22.76%)
Market Maker Shares Offered315,000 (5.01%)
QIB Shares Offered1,554,000 (24.71%)
NII (HNI) Shares Offered897,450 (14.27%)
Retail Shares Offered2,090,550 (33.25%)
Total Shares Offered6,288,000 (100%)

Tridhya Tech IPO Anchor Investors Details

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 Timeline (Tentative Schedule)

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

Tridhya Tech IPO Lot Size

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

Tridhya Tech IPO Promoter Holding

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%

About Tridhya Tech Limited

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

Company Financials

Tridhya Tech Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Tridhya Tech IPO is Rs 97.81 Cr.

KPI Values
Pre IPO Post IPO
EPS (Rs) 44.44
P/E (x) 26.09

Objects of the Issue (Tridhya Tech IPO Objectives)

The company intends to utilize the net proceeds from the issue towards the funding of the following objects:

  1. Repayment of unsecured and secured loans,
  2. General Corporate Purpose, and
  3. Meeting Public Issue Expenses.

Tridhya Tech IPO Review (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 Subscription Status (Bidding Detail)

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)

CategorySubscription (times)

Total Application : 47,123 (67.71 times)

Tridhya Tech IPO Prospectus

Tridhya Tech IPO Rating

Rating:Rated 3.6 stars
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Tridhya Tech IPO Listing Details

Listing Date July 13, 2023
BSE Script Code
Final Issue Price ₹42 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Tridhya Tech Limited Contact Details

Tridhya Tech Limited
401, One World West,
Near Ambli T-Junction 200' S. P. Ring Road,
Bopal Ahmedabad - 380058
Phone: +919571831080

Tridhya Tech IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270

Tridhya Tech IPO - Buy or Not

Tridhya Tech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 4 0 3

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Tridhya Tech IPO FAQs

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

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Tridhya Tech 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 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.

The Tridhya Tech IPO listing date is on July 13, 2023.
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Tridhya Tech IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



132. Noorul |   Link |  Bookmark |July 13, 2023 11:35:49 AM
Exit from both the lots. Both were already sold in grey.
132.1. AAA JAI |   Link |  Bookmark |July 18, 2023 1:28:29 PM (200+ Posts)
@Noorul Excellent Strategy . I did the same, allotted 1 lot, sold in preopen at par.
131. PKRAJ |   Link |  Bookmark |July 13, 2023 11:29:43 AM
This issue was subscribed in good figures but poor listing. Thereafter, upper circuit is good for investors. Need to take due care in average SMEs. Difficult to say future in this issue.
130. Ajitkumar |   Link |  Bookmark |July 13, 2023 11:11:38 AM
Lagta hai bada khela hoga all week hands out pura maal operator corner kar diya hai
129. Anshujii |   Link |  Bookmark |July 13, 2023 10:33:27 AM (500+ Posts)
Retailers ka maal nikal gaya preopen and LC me...
128. rahulkrjain |   Link |  Bookmark |July 13, 2023 10:18:05 AM (300+ Posts)
Lower circuit changed to upper circuit.
Sab golmaal hai bhai sab golmaal hai
128.1. Ajit kumar jain |   Link |  Bookmark |July 13, 2023 10:31:33 AM
Sab ko mammu bana diya
127. PLAZA |   Link |  Bookmark |July 13, 2023 9:58:53 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
127.1. PLAZA |   Link |  Bookmark |July 13, 2023 10:09:42 AM
IPO Guru IPO Guru (2000+ Posts, 1200+ Likes)
Though I applied but not allotted in all 10 application of HNI and retail both
126. rahulkrjain |   Link |  Bookmark |July 13, 2023 10:06:47 AM (300+ Posts)
Surprisingly there are still people trying to buy it. I thought it will remain in lower circuit.
Kon hai ye log kaha se aate hai.
Hamari to dhak dhak ho rahi thi ya sidhi bhasha mai fati padi thi
125. svh |   Link |  Bookmark |July 13, 2023 9:55:58 AM
IPO Guru IPO Guru (2400+ Posts, 3600+ Likes)
HNI 180X & listing @ par with LC.
Wah ! Big salute to this LM.
So from next time it indicates don't apply if HNI <200X.
124. Anshujii |   Link |  Bookmark |July 13, 2023 9:50:29 AM (500+ Posts)
Listing on par...seller 7 times of buyer..looks like going to LC after listing
123. Trueinfo |   Link |  Bookmark |July 13, 2023 9:50:09 AM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
Somehow managed at par listing @42. Not good.
122. rahulkrjain |   Link |  Bookmark |July 13, 2023 9:26:55 AM (300+ Posts)
@Trueinfo @KING VINOD 
How does it look for opening?
122.1. IPOswami |   Link |  Bookmark |July 13, 2023 9:38:53 AM (200+ Posts)
Wait till 09:44 will see...
122.2. Ajit kumar jain |   Link |  Bookmark |July 13, 2023 9:49:10 AM
42 listing
121. rahulkrjain |   Link |  Bookmark |July 13, 2023 9:48:54 AM (300+ Posts)
Bad listing, no loss but time and effort and waisted
120. Dowg |   Link |  Bookmark |July 13, 2023 9:47:29 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Whats happening, subscribed 70 times and listing at par, how in this world its happening ????
119. rahulkrjain |   Link |  Bookmark |July 13, 2023 9:20:45 AM (300+ Posts)
How does it look?
Black horse or black donkey?
118. ARJUN'S EYE |   Link |  Bookmark |July 13, 2023 8:59:51 AM
IPO Mentor IPO Mentor (800+ Posts, 600+ Likes)
Tridhya Tech Ltd NSE SME IPO.
NSE Code:-17215
Issue Price:-42/-
Market Lot:-3000 Shares
Face Value:-10/-
Listing At:-NSE SME
117. KING VINOD |   Link |  Bookmark |July 12, 2023 8:33:59 PM
IPO Guru IPO Guru (2400+ Posts, 5300+ Likes)
Tridhya Tech Ltd
Premium 05 Buyer @ 08:30PM < 12 July >
116. Trueinfo |   Link |  Bookmark |July 12, 2023 4:59:51 PM
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
GMP steadily increasing. Listing should be above 50.
115. Ajitkumar |   Link |  Bookmark |July 12, 2023 4:53:42 PM
I think it will list around 50
114. harryipo |   Link |  Bookmark |July 12, 2023 2:20:18 PM
Tridhya 5 buyer kadak !! 🔥
113. BIG TORTOISE |   Link |  Bookmark |July 12, 2023 12:24:46 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
113.1. BIG TORTOISE |   Link |  Bookmark |July 12, 2023 12:36:48 AM
Top Contributor Top Contributor (400+ Posts, 100+ Likes)
Sorry. Already wrote about non allotment. There are so many IPOs, seems difficult to remember.