ADJIA Technologies IPO – Review, Allotment, Subscription, GMP & DRHP

Let’s have a detailed review of the company and analytics of the ADJIA Technologies IPO release date, IPO offer price, subscription, ADJIA Technologies Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

ADJIA Technologies IPO is listed at [●] premium. Check out the live share price by clicking on the below link.

ADJIA Technologies IPO – Summary

Their Company is engaged in the business of offering augmented reality and virtual reality related services to various customers electronically. They have website at www.adjiatechnologies.com.

This Company has built technology and solutions for multiple areas of the business which enables one Company to increase efficiency. They provide dynamic pricing and sector specific approach. Their Company is also engaged in Software Consultancy services.

The Promoter of this company is Mr. Roshan Kumar Rawal. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED, and the Registrar to this issue is KFin Technologies Private Limited.

ADJIA Technologies IPO Date

The opening and the closing date of IPO of ADJIA Technologies Limited is Mar 2, 2021 and Mar 4, 2021.

ADJIA Technologies Limited IPO Subscription

The shares subscribed by the public will be updated here.

ADJIA Technologies Limited IPO Allotment Status

Here, you can find the Allotment Status of this IPO.

Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

ADJIA Technologies Limited IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

ADJIA Technologies IPO Price Band / Cash Price

The face value of each share is Rs.10, but the price band of the IPO is Rs.74

ADJIA Technologies IPO Equity Size

This Initial Public Issue of 2,70,400 *Equity Shares of Rs.10 each for cash at a price of Rs.74 per equity share aggregating to Rs.200.10 Lakhs.

ADJIA Technologies IPO Share Offering

Fresh Issue: The Fresh Issue of 2,70,400 Equity Shares by their Company, aggregating to Rs.200.10 Lakhs,

Issue Size: 2,70,400 Equity Shares of Rs.10 each, aggregating to Rs.200.10 Lakhs

Net Issue: Consists of Up to 2,56,000 *Equity Shares of face value of Rs.10 each, aggregating Rs.189.44 Lakhs.

ADJIA Technologies IPO – Live Performance

The listing date of this IPO is Mar 15, 2021. You can check the live performance of the IPO here, only after it is listed on exchanges.

ADJIA Technologies IPO Grey Market Premium

The ADJIA Technologies Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 

ADJIA Technologies IPO – Company Overview

Their Company is solving a prime problem of their customers with providing augmented and virtual reality services. They are able to achieve this through a combination of their skills and strategic approach.

This company firmly believes in maintaining their service quality against the highest standards, are customer centric, deeply people focused, and follow ethical business practices and corporate governance standards overall. They draw their strength from an age old tradition of quality services as the best strategy for sustained growth.

ADJIA Technologies IPO Future Prospects

They endeavor to satisfy customers by continuous improvement through process innovation and quality maintenance.

This company focus on providing quality services to increase customer satisfaction and develop a positive brand image in the industry. They aim to grow their operations on PAN India basis and make their brand as a well known one name in industry.

ADJIA Technologies IPO – Financial Statements

A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:

Financial Summary:

Earnings per Equity Share (in Lakhs)

ADJIA Technologies Limited IPO – Promoters

The Promoter of this company is:

1. Mr. Roshan Kumar Rawal

List of Related Parties (Key Managerial Personnel)

• Mr. Roshan Kumar Rawal, Chief Financial Officer
• Mr. Harsh Singrodia, Company Secretary and Compliance Officer

Competitive Strengths of ADJIA Technologies Limited

• Quality Assurance and Standards
• Their ability to serve to Growing Domestic Economy and Technological advances with their new age products
• Experienced & Qualified Management
• Skilled and dedicated manpower
• Strong customer relationship

ADJIA Technologies Limited IPO Offer Details or Issue Details

ADJIA Technologies IPO Issue Object

Their Company proposes to utilize the Net Proceeds from the Issue (“Net Proceeds”) towards the following objects:

a) Funding purchases of equipment;
b) Marketing initiatives; and
c) General Corporate Purposes

Business strategies of ADJIA Technologies Limited

• Capitalize on growth demand in Industry they serve
• Leveraging their Market skills and Relationships to expand their network and reaching new geographies
• Improving functional efficiency & quality standards

ADJIA Technologies Limited IPO – Basis of the Offer Price

The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.

Qualitative factors are:

• Quality Assurance and Standard
• Their ability to serve to Growing Domestic Economy and Technological advances with their new age product
• Skilled and dedicated manpower
• Strong customer relationship

The relevant quantitative factors are:

ADJIA Technologies IPO : Competitive Peers

They believe that there is no listed Company which is specifically comparable to them w.r.t. to their business model, size and financials.

ADJIA Technologies IPO Lead Managers

ADJIA Technologies IPO Registrar to offer

ADJIA Technologies IPO – Other Details

• Statutory Auditor – JAIN & TALESARA
• Legal Counsel to the Company – Goyal Goyal & Co.,
• Bankers to the Company –  [•]

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