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
Tridhya Tech IPO Details
| IPO Date | Jun 30, 2023 to Jul 5, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 Reservation
| 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 Timetable
Tridhya Tech IPO opens on Jun 30, 2023, and closes on Jul 5, 2023.
| Event | Tentative Date |
|---|---|
| Opening Date | Friday, 30 June 2023 |
| Closing Date | Wednesday, 5 July 2023 |
| Basis of Allotment | Monday, 10 July 2023 |
| Initiation of Refunds | Tuesday, 11 July 2023 |
| Credit of Shares to Demat | Wednesday, 12 July 2023 |
| Listing Date | Thursday, 13 July 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Jul 5, 2023 |
Tridhya Tech IPO Lot Size
The Tridhya Tech IPO lot size is 3000 shares.
| 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.
| Pre Issue Share Holding | 80.8% |
| Post Issue Share Holding | 58.98% |
Company Financials
| 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 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 26.09 |
| Market Cap (₹ Cr.) | 97.81 |
| ROE | 2.85% |
| ROCE | 9.69% |
| Debt/Equity | 1.23 |
| EPS (Rs) | 44.44 |
| RoNW | 65.52% |
Check Tridhya Tech IPO Peer Comparison here.
Objects of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- Repayment of unsecured and secured loans,
- General Corporate Purpose, and
- 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 Jul 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)
Tridhya Tech IPO Prospectus
Company Contact Information
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/
Tridhya Tech IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: tridhyatech.ipo@linkintime.co.in
Website: https://linkintime.co.in/