Tridhya Tech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Jul 05, 2023Let’s have a detailed review of the company and analytics of the Tridhya Tech IPO release date, IPO offer price, subscription, Tridhya Tech Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 35 to Rs 42 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | 13 July 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs Lakh |
| IPO Size | Rs 2,641 Lakh |
| Tick Size | 1 |
Tridhya Tech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Tridhya Tech Share Price |
Tridhya Tech IPO – Summary
Their Company was originally incorporated as ‘Tridhya Tech Private Limited’ as a Private Limited Company under the provisions of the Companies Act, 2013 vide Certificate of Incorporation dated February 02, 2018, bearing Corporate Identification Number U72900GJ2018PTC100733 issued by the Deputy Registrar of Companies, Gujarat.
Their Company was converted into a public limited company and consequently, the name of their company was changed to “Tridhya Tech Limited” and a fresh certificate of incorporation was issued by the Registrar of Companies, Ahmedabad dated October 25, 2022.
The Promoter of this company is RAMESH MARAND, VINAY DANGAR AND M/S. TRIDHYA CONSULTANCY LLP. The lead manager of the issue is INTERACTIVE FINANCIAL SERVICES LIMITED, and the Registrar of this issue is LINK INTIME INDIA PRIVATE LIMITED.
Tridhya Tech IPO Date
The opening and closing dates of Tridhya Tech IPO are 30 June 2023 and 5 July 2023 respectively.
Tridhya Tech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| 1st Day – 30th Jun | 0.00x | 0.20x | 0.48x | 0.29x |
| 2nd Day – 3rd Jul | 0.55x | 1.20x | 1.93x | 1.39x |
| 3rd Day – 4th Jul | 0.55x | 5.21x | 6.03x | 4.07x |
| 4th Day – 5th Jul | 2.11x | 9.71x | 22.30x | 12.90x |
| Shares Offered or Net Issue | 1,554,000 | 450,000 | 2,538,000 | 6,288,000 |
The shares subscribed by the public will be updated here.
Tridhya Tech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares are 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.
Tridhya Tech Limited IPO Listing Date
Find the dates below on the basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 10 July 2023 |
| Refunds Initiation | 11 July 2023 |
| Credit of Shares to Demat Account | 12 July 2023 |
| Share Listing Date | 13 July 2023 |
Tridhya Tech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 35 to Rs 42
Tridhya Tech IPO Equity Size
This Initial Public Issue of 6,288,000 Equity Shares of Rs.10 each for cash at a price of Rs 35 to Rs 42 per equity share aggregating to Rs.2,641 Lakh.
Tridhya Tech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 6,288,000 Equity Shares of Rs.10/ each.
Issue Size: 6,288,000 Equity Shares of Rs.10 each, aggregating to Rs.2,641 Lakh
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Tridhya Tech IPO – Live Performance
The listing date of this IPO is 13 July 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Tridhya Tech Share Price |
Tridhya Tech IPO Grey Market Premium
The Tridhya Tech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Tridhya Tech IPO – Company Overview
Currently, their Company is engaged in full-service Software Development which includes all IT services and resources. They provide turnkey consultancy services to various industries like e-commerce, Real estate, transport and Logistics, Insurance and other sectors.
They provide 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.
Also, They provide customised 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. They also provide post-deployment support on time to time basis to their clients.
They also provide project management, consultation services, maintenance and support services to ensure the successful completion of the project and the longevity of the software.
Tridhya Tech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 5,040.43 | 2,598.06 | 1,199.77 | 136.96 |
| *Total Revenue | 974.48 | 1,354.48 | 833.87 | 436.46 |
| Total Expense | 717.63 | 924.18 | 718.59 | 407.49 |
| Profit After Tax | 191.73 | 322.61 | 85.89 | 24.14 |
Earnings per Equity Share (in Lakh)
| 31-Dec-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 5.67 | 23.58 | 85.89 | 24.14 |
Further, their PAT for the period ended on Dec 31, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 191.73 Lakh, Rs. 322.61 Lakh, Rs. 85.89 Lakh and Rs. 24.14 Lakh respectively.
Tridhya Tech IPO – Promoters
The Promoter of this company is:
- RAMESH MARAND,
- VINAY DANGAR
- M/S. TRIDHYA CONSULTANCY LLP
List of Related Parties (Key Managerial Personnel)
- Rameshbhai Marand, Managing Director
- Vinay Dangar, Director
- Gauravkuma rBarot, Director
- Raj Ahir, Non-Executive Director
- Hetal Somani, Non-Executive and Independent Director
Tridhya Tech IPO – Promoters Holding
- Pre-Issue Share Holding – 80.8%
- Post-Issue Share Holding – 58.98%
Tridhya Tech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,288,000 Equity Shares aggregating up to Rs.2,641 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than [●] Equity Shares |
| Other than Retail Individual Investors | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,70,00,000 Equity Shares |
| Equity Shares outstanding after the Issue | 2,32,88,000 Equity Shares |
Tridhya Tech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Repayment of unsecured and secured loans.
- General Corporate Purpose,
- Meeting Public Issue Expenses.
Tridhya Tech IPO – Business Strategy
- Inorganic Growth
- Upgrade and Refine
- Employee-friendly Policies for Human Resources
- Focus on a targeted client portfolio
- Focus on expansion across each vertical to capitalize on industry opportunity
- Participating in Larger Projects
Tridhya Tech IPO – Basis of 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:
- Experienced Promoter
- End-to-end IT Services under a single umbrella
- Quality Service
- Skilled Team
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 23.58 | 156.45 | 49.44 |
| 31-Mar-21 | 85.89 | 84.78 | – |
| Mar-20 | 24.14 | 156.45 | – |
Tridhya Tech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Tridhya Tech Limited | 10 | [●] | 23.58 | 22.37 | 1354.47 |
| Listed Peers | |||||
| Dev Information Technologies Limited | 10 | 38.99 | 3.47 | 5.53 | 10005.83 |
| Silver Touch Technologies Limited | 10 | 77.96 | 4.81 | 7.08 | 12961.78 |
| Infobeans Technologies Limited | 10 | 40.55 | 11.51 | 13.46 | 16560.00 |
Tridhya Tech IPO Lead Managers
| Lead Managers |
| 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 Web Site: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 Registrar to offer
| Registrar to the Offer |
| 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 – Other Details
- Statutory Auditor – M/s. MAAK & Associates
- Legal Counsel to the Company – J R Legal; Advocates & Associates
- Bankers to the Company – HDFC Bank Limited
Tridhya Tech IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Tridhya Tech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Tridhya Tech IPO Review FAQs
Check out various FAQs related to Tridhya Tech IPO:
What is the Issue Size of Tridhya Tech IPO?
The Company is making an initial public offer of 6,288,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Tridhya Tech IPO?
The price band for this particular IPO ranges between Rs 35 to Rs 42. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Tridhya Tech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 30 June 2023, while the closing date is set at 5 July 2023.
What is the Tridhya Tech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 10 July 2023, refund initiation is on 11 July 2023, credit of shares is on 12 July 2023, and share listing date is on 13 July 2023.
What is the Tridhya Tech IPO Listing Date?
Shares of this company shall be listed in the exchanges on 13 July 2023. The date, when the listing would be done, is stagnant on 13 July 2023.
Who is the Registrar of Tridhya Tech IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. LINK INTIME INDIA PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Tridhya Tech IPO?
Here are the promoters of this IPO – RAMESH MARAND, VINAY DANGAR AND M/S. TRIDHYA CONSULTANCY LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Tridhya Tech?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Tridhya Tech Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Tridhya Tech Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 322.61, 2021 is 85.89, and 2020 is 24.14. PAT from Dec 2022 is 191.73.
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