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
- Seasoned management team with domain expertise supported by a professional workforce
- Integrated business model offering one-stop-shop solutions
- Low attrition rate
Yudiz Solutions IPO Details
Yudiz Solutions IPO is a Book Built Issue. The IPO total issue size is Rs 44.84 Cr. The Yudiz Solutions IPO price is ₹162 to ₹165 per share. The IPO will list on NSE SME.
| IPO Date | Aug 4, 2023 to Aug 8, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹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 Reservation
Yudiz Solutions IPO a total of 2,717,600 shares are offered. QIB: 520,000 (19.13%), RII: 908,000 (33.41%), NII: 392,800 (14.45%).
| 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 Timetable (Tentative)
Yudiz Solutions IPO opens on Aug 4, 2023, and closes on Aug 8, 2023.
| IPO Open Date | Friday, 4 August 2023 |
| IPO Close Date | Tuesday, 8 August 2023 |
| Basis of Allotment | Friday, 11 August 2023 |
| Initiation of Refunds | Monday, 14 August 2023 |
| Credit of Shares to Demat | Thursday, 17 August 2023 |
| Listing Date | Thursday, 17 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 8, 2023 |
Yudiz Solutions IPO Lot Size
The minimum lot size of this Yudiz Solutions IPO is 800 shares required is ₹132,000.
| 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 |
Yudiz Solutions IPO Promoter Holding
Bharat Shamjibhai Patel, Chirag Rajendrakumar Leuva and Pratik Bhaskarbhai Patel and Ability Games Limited are the company promoters.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.66% |
Company Financials
| 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 |
Amount in ₹ Lakhs
Key Performance Indicator
Yudiz Solutions IPO Market Cap is Rs 170.27 Cr and P/E (x) is 61.8.
| KPI | Values |
|---|---|
| P/E (x) | 61.8 |
| Market Cap (₹ Cr.) | 170.27 |
| ROE | 25.26% |
| ROCE | 14.02 |
| EPS (Rs) | 7.47 |
| RoNW | 25.26% |
Check Yudiz Solutions IPO Peer Comparison here.
Objects of the Issue
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
Yudiz Solutions IPO Review (Avoid)
[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…
Yudiz Solutions IPO Subscription Status (Bidding Detail)
The Yudiz Solutions IPO is subscribed 5.03 times on Aug 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)
Yudiz Solutions IPO Prospectus
Company Contact Information
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/
Yudiz Solutions IPO Registrar
Mas Services Limited
Phone: (011) 2610 4142
Email: info@masserv.com
Website: http://www.masserv.com