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Yudiz Solutions IPO is a book built issue of Rs 44.84 crores. The issue is entirely a fresh issue of 27.18 lakh shares.
Yudiz Solutions IPO bidding started from August 4, 2023 and ended on August 8, 2023. The allotment for Yudiz Solutions IPO was finalized on Friday, August 11, 2023. The shares got listed on NSE SME on August 17, 2023.
Yudiz Solutions IPO price band is set at ₹162 to ₹165 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹132,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹264,000.
Narnolia Financial Services Ltd is the book running lead manager of the Yudiz Solutions IPO, while Mas Services Limited is the registrar for the issue. The market maker for Yudiz Solutions IPO is Kantilal Chhaganlal Securities.
Refer to Yudiz Solutions IPO RHP for detailed information.
| IPO Date | August 4, 2023 to August 8, 2023 |
| Listing Date | August 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹162 to ₹165 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 2,717,600 shares (aggregating up to ₹44.84 Cr) |
| Fresh Issue | 2,717,600 shares (aggregating up to ₹44.84 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 7,601,775 |
| Share holding post issue | 10,319,375 |
| Market Maker portion | 136,800 shares Kantilal Chhaganlal Securities |
Yudiz Solutions IPO offers 2,717,600 shares. 520,000 (19.13%) to QIB, 392,800 (14.45%) to NII, 908,000 (33.41%) to RII 760,000 (27.97%) to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | 760,000 (27.97%) |
| Market Maker Shares Offered | 136,800 (5.03%) |
| QIB Shares Offered | 520,000 (19.13%) |
| NII (HNI) Shares Offered | 392,800 (14.45%) |
| Retail Shares Offered | 908,000 (33.41%) |
| Total Shares Offered | 2,717,600 (100%) |
Yudiz Solutions IPO raises Rs 12.54 crore from anchor investors. Yudiz Solutions IPO Anchor bid date is August 3, 2023. Yudiz Solutions IPO Anchor Investors list
| Bid Date | August 3, 2023 |
| Shares Offered | 760,000 |
| Anchor Portion Size (In Cr.) | 12.54 |
| Anchor lock-in period end date for 50% shares (30 Days) | September 10, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | November 9, 2023 |
Yudiz Solutions IPO opens on August 4, 2023, and closes on August 8, 2023.
| IPO Open Date | Friday, August 4, 2023 |
| IPO Close Date | Tuesday, August 8, 2023 |
| Basis of Allotment | Friday, August 11, 2023 |
| Initiation of Refunds | Monday, August 14, 2023 |
| Credit of Shares to Demat | Thursday, August 17, 2023 |
| Listing Date | Thursday, August 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on August 8, 2023 |
Investors can bid for a minimum of 800 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 | 800 | ₹132,000 |
| Retail (Max) | 1 | 800 | ₹132,000 |
| HNI (Min) | 2 | 1,600 | ₹264,000 |
| Lot Size Calculator | |||
Bharat Shamjibhai Patel, Chirag Rajendrakumar Leuva and Pratik Bhaskarbhai Patel and Ability Games Limited are the company promoters.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.66% |
Incorporated in 2012, Yudiz Solutions Limited is engaged in the business of providing IT solutions and consultancy services. Yudiz Solutions Limited is a digital transformation and technology services company.
The services include mobile app development, game development, Blockchain, AR/ VR, web development, Website design & Development, Website Maintenance & Support, E-Commerce Web Apps and Portal Development, Mobile App Prototype Development, Hybrid Apps Development, Android/iOS App Development, PC/Mobile Game Development, Digital Marketing, White Label Product Development and more.
Yudiz Solutions Limited also provides various solutions in Mobile, Web, AR/VR, UI/UX and IoT through integrating trending technologies. The company's platforms are News Platform, E-commerce Bidding Platform, On-Demand Services Platform, VR Training platform, Upskilling Industry specific VR platform, HR Intelligence software and more.
Competitive Strength
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 759.86 | 958.58 | 1,701.80 |
| Revenue | 1,305.41 | 1,881.55 | 2,744.75 |
| Profit After Tax | 80.76 | 74.07 | 275.17 |
| Net Worth | 539.99 | 669.03 | 1,089.21 |
| Reserves and Surplus | |||
| Total Borrowing |
The market capitalization of Yudiz Solutions IPO is Rs 170.27 Cr.
| KPI | Values |
|---|---|
| ROE | 25.26% |
| ROCE | 14.02 |
| RoNW | 25.26% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.47 | |
| P/E (x) | 61.8 |
The objects of the issue are:-
1. To meet the expenses for Unidentified Acquisition for Company (In India or Abroad)
2. To meet the expenses for the Development of New Products and Technology
3. To meet the expenses for Networking and cabling for Company
4. To meet out the Branding & Marketing Expenses for the Company
5. To meet the Capital Expenditure Requirement of Company
6. To meet the Working Capital requirements of the Company
7. To meet out the General Corporate Purposes
8. To meet out the Issue Expenses
[Dilip Davda] The company operates in a highly competitive and fragmented segment with many players around. The sudden boost in its bottom line for FY23 raises eyebrows and concern over the sustainability going forward. Even on the basis of such super earnings, the issue appears exorbitantly priced. Recent reports of the State Governments turning tough for online gaming aspect may pose an issue for such companies. There is no harm in skipping this pricey issue. Read detail review...
The Yudiz Solutions IPO is subscribed 5.03 times on August 8, 2023 7:29:00 PM. The public issue subscribed 6.41 times in the retail category, 2.81 times in the QIB category, and 4.77 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 2.81 |
| NII | 4.77 |
| Retail | 6.41 |
| Total | 5.03 |
Total Application : 7,276 (6.41 times)
| Listing Date | August 17, 2023 |
| BSE Script Code | |
| NSE Symbol | YUDIZ |
| ISIN | INE09FA01019 |
| Final Issue Price | ₹165 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹165.00 |
| ₹185.00 |
| ₹181.00 |
| ₹191.00 |
| ₹181.40 |
Yudiz Solutions Limited
13th Floor, Bsquare 2,
Iscon-Ambli Road,
Ahmedabad, Gujarat- 380054, India
Phone: +91 7433977526
Email: secretarial@yudiz.com
Website: https://www.yudiz.com/
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: https://www.masserv.com/opt.asp
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Yudiz Solutions IPO is a SME IPO of 2,717,600 equity shares of the face value of ₹10 aggregating up to ₹44.84 Crores. The issue is priced at ₹162 to ₹165 per share. The minimum order quantity is 800 Shares.
The IPO opens on August 4, 2023, and closes on August 8, 2023.
Mas Services Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Yudiz Solutions IPO using UPI as a payment gateway. Zerodha customers can apply in Yudiz Solutions IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Yudiz Solutions IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Yudiz Solutions IPO opens on August 4, 2023 and closes on August 8, 2023.
Yudiz Solutions IPO lot size is 800 Shares, and the minimum amount required is ₹132,000.
You can apply in Yudiz Solutions 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 Yudiz Solutions IPO will be done on Friday, August 11, 2023, and the allotted shares will be credited to your demat account by Thursday, August 17, 2023. Check the Yudiz Solutions IPO allotment status.
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