Tridhya Tech IPO Details ( Tridhya Tech Limited IPO Review )
(30 Jun 2023 – 05 Jul 2023)
Tridhya Tech Limited, established in 2018, specializes in providing comprehensive software development services and solutions.
The company offers IT consultancy services to various industries, including e-commerce, real estate, transport and logistics, insurance, and more. Their wide range of services encompasses e-commerce development, enterprise content management, bespoke web management, mobile app development, API development, product support and maintenance, front-end development, and graphic design.
Tridhya Tech excels in delivering tailored software products, starting from conceptualizing the product requirements, designing the architecture, coding and testing, all the way to final deployment. They also provide timely post-deployment support to their clients. Additionally, the company offers project management, consultation services, maintenance, and support to ensure project success and the longevity of the software.
In January 2022, Tridhya Tech Limited acquired Concentric IT Services Private Limited (Concentric), a software development company, through a complete equity acquisition. Furthermore, in December 2022, the company acquired Basilroot Technologies Private Limited (BTPL) and Vedity Software Private Limited (Vedity), two software development companies, with a complete equity takeover.
Tridhya Tech has established a robust presence in the international market, serving clients in countries such as Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, the United Arab Emirates, the United Kingdom, and the United States. In the domestic market, their customer base primarily resides in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka.
Tridhya Tech Limited Company Product
- IT Solutions Developments & Maintenance Services (Time Base Income)
- E-commerce development
- Enterprise Content Management (ECM)
- Bespoke Web Management
- Mobile App development
- API development
- Product Support and Maintenance
- Front End Development
- Graphic Design
- IT Staff Augmentation (Fixed Basis Income)
Tridhya Tech Limited IPO Competitive Strength
- Experienced Promoter
- End-to-end IT Services under a single umbrella
- Quality Service
- Skilled Team
Tridhya Tech IPO Financials Performance ( Results )
Tridhya Tech Limited Financial Information ( Restated Consolidated )
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-22 | 2,548.77 | 1,407.48 | 339.46 | 23.58 | 1,457.98 | 49.44 | 1,309.84 | 705.46 |
| 31-Dec-22 | 5,969.66 | 1,507.92 | 284.97 | 5.67 | 2,030.66 | 56.58 | 1,860.35 | 3,090.04 |
Objective of IPO Issue
- Repayment of unsecured and secured loans
- General Corporate Purpose
- Meeting Public Issue Expenses
Tridhya Tech IPO Basic Details
| IPO Date | Jun 30, 2023 to Jul 05, 2023 |
| Listing Date | Thursday, July 13, 2023 |
| Face Value | ₹10 per share |
| Price | ₹35 to ₹42 per share |
| Lot Size | 3000 Shares |
| 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 |
| Company Promoters | Ramesh Marand And Vinay Dangar |
Tridhya Tech IPO Reservation
| QIB Shares Offered | 50% of the Net Issue |
| NII (HNI) Shares Offered | 15% of the Net Issue |
| Retail Shares Offered | 35% of the Net Issue |
Tridhya Tech IPO Timetable
Tridhya Tech IPO will open on June 30, 2023 and close on July 05, 2023. You can join Tridhya Tech IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 30 June 2023 (Friday) |
| Closing Date | 05 July 2023 (Wednesday) |
| Basis of Allotment | 10 July 2023 (Monday) |
| Initiation of Refunds | 11 July 2023 (Tuesday) |
| Credit of Shares to Demat | 12 July 2023 (Wednesday) |
| Listing Date | 13 July 2023 (Thursday) |
Tridhya Tech IPO Lot Size
For retail investors in Tridhya Tech IPO, 3000 shares will come in 1 lot or the minimum investment will be ₹126,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹126,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| S-HNI (Min) | 2 | 6000 | ₹252,000 |
Tridhya IPO Promoter Holding
| Pre Issue Share Holding | 80.80% |
| Post Issue Share Holding | 58.98% |
Tridhya Tech IPO Valuation – FY2022
| Earning Per Share (EPS) | ₹23.58 per Equity Share |
| Price/Earning P/E Ratio | 26.09 |
| Return on Net Worth (RoNW) | 22.37% |
| Net Asset Value (NAV) | ₹49.44 per Equity Share |
| Upper Price/Book Value (Price/BV) Ratio | Coming Soon |
Tridhya Tech Ltd Key Performance Indicator
| KPI | Values |
| Market Cap (₹ Cr.) | 97.80 |
| P/E (x) | 26.09 |
| ROE (%) | 20.90 |
| ROCE (%) | 26.40 |
| Debt/Equity (Dec 2022) | 1.23 |
Tridhya Tech Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | CPM (₹) | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Tridhya Tech Limited | Consolidated | 42 | 10 | 23.58 | 26.09 | 22.37 | 49.44 |
| Peer Group | |||||||
| Dev Information Technologies Limited | Consolidated | 104.70 | 10 | 3.47 | 30.17 | 5.53 | 30.76 |
| Silverline Technologies Limited | Consolidated | 349.45 | 10 | 0.05 | 6359.81 | 1.36 | 4.05 |
| Infobeans Technologies Limited | Consolidated | 490.00 | 10 | 11.51 | 42.57 | 13.46 | 84.02 |
Tridhya Tech IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 13 July 2023 | ₹6 | – | – |
| 12 July 2023 | ₹5 | – | – |
| 11 July 2023 | ₹5 | – | – |
| 10 July 2023 | ₹5 | – | – |
| 9 July 2023 | ₹12 | – | – |
| 8 July 2023 | ₹12 | – | – |
| 7 July 2023 | ₹12 | – | – |
| 6 July 2023 | ₹12 | – | – |
| 5 July 2023 | ₹12 | – | – |
| 4 July 2023 | ₹13 | – | – |
| 3 July 2023 | ₹10 | – | – |
| 2 July 2023 | ₹10 | – | – |
| 1 July 2023 | ₹10 | – | – |
| 30 June 2023 | ₹10 | – | – |
| 29 June 2023 | ₹9 | – | – |
| 28 June 2023 | ₹4 | – | – |
| 27 June 2023 | ₹5 | – | – |
| 26 June 2023 | ₹4 | – | – |
Tridhya Tech IPO Detail Video:
Tridhya Tech IPO Subscription Status (Bidding Detail)
The Tridhya Tech IPO on July 05, 2023 at 7:30:00 PM was subscribed 72.38 times, with the retail category being subscribed 67.62 times, the NII (Non-Institutional Investor) category being subscribed 181.72 times and the QIB (Qualified-Institutional Buyers) category being subscribed 15.62 times.
| Category | Subscription |
| QIB | 15.62x |
| NII | 181.72x |
| Retail | 67.62x |
| Total | 72.38x |
Tridhya Tech IPO Prospectus
Tridhya Tech IPO Rating
| Our Rating | 3.0/5.0 |
Tridhya Tech Company Contact Information
Tridhya Tech Limited
Registered office: 401, One World West, Near Ambli T-Junction 200′ S. P. Ring Road, Bopal Ahmedabad – 380058
Tel No.: +919571831080
Website: www.tridhyatech.com
E-Mail: grievance@tridhyatech.com
Contact Person: Bhanvi Chaudhary, Company Secretary and Compliance Officer
Promoter Of The Company: Ramesh Marand And Vinay Dangar
Tridhya Tech IPO Registrar
Link Intime India Private Limited
Address: C- 101, First Floor, 247 Park, L.B.S Marg, Vikhroli (West), Mumbai – 400083
Tel No.: +91 8108114949
Website: www.linkintime.co.in
E-Mail: tridhyatech.ipo@linkintime.co.in
Investor Grievance Email: tridhyatech.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Reg. No.: INR000004058
Tridhya Tech IPO Lead Manager
Interactive Financial Services Limited
Address: 612, 6th Floor, Shree Balaji Heights, Kokilaben Vyas Marg,
Ellisbridge, Ahmedabad – 380 009, Gujarat, India
Tel No.: 079 46019796
(M): +91-9898055647
Website: www.ifinservices.in
Email: mbd@ifinservices.in
Investor Grievance Email: info@ifinservices.in
Contact Person: Mr. Pradip Sandhir
SEBI Reg. No.: INM000012856
Tridhya Tech IPO FAQs
What is the lot size of Tridhya Tech IPO?
The total size of Tridhya Tech IPO is ₹26.41 crores and this is a complete fresh Issue.
When will Tridhya Tech IPO start?
Tridhya Tech IPO will Open from 30 June 2023 and IPO will Close on 05 July 2023.
What is the open date of Tridhya Tech IPO?
Tridhya Tech IPO will open date from 30 June 2023.
What is the last date ( close date ) of Tridhya Tech IPO?
Tridhya Tech IPO will close from 05 July 2023.
What is the price band of Tridhya Tech IPO?
Tridhya Tech IPO price band is ₹35 to ₹42. ( Upper Price Band: ₹42, Lower Price Band: ₹35 )
What is the minimum amount required to apply for Tridhya Tech IPO?
The minimum investment for retailers to apply for Tridhya Tech IPO is ₹126,000 and the maximum investment is ₹126,000.
What is going on gray market premium of Tridhya Tech IPO?
View gray market premium of Tridhya Tech IPO by Clicking Here
How much is the GMP of Tridhya Tech IPO?
Watch Tridhya Tech IPO GMP Today: Click Here
What is the allotment date of Tridhya Tech IPO?
The allotment date of Tridhya Tech IPO is 10 July 2023.
How to check allotment status in Tridhya Tech IPO?
To check the allotment status of Tridhya Tech IPO, first of all go to the registrar website by clicking here, select your bad Tridhya Tech IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Tridhya Tech IPO?
The listing date of Tridhya Tech IPO is 13 July 2023.
How much will be the listing gain in Tridhya Tech IPO?
View listing gain of Tridhya Tech IPO by Clicking Here
How much time Tridhya Tech IPO is subscribed?
Total 72.38 times subscribed in Tridhya Tech IPO out of which 67.62 times subscription was done in retail quota, 181.72 times subscription in NII quota and 15.62 times subscription in QIB quota.
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