Tridhya Tech SME IPO

Tridya Tech Limited

₹1,05,000 /3000 sharesMinimum Investment

Tridhya Tech SME IPO Listing Details

Listed OnIssue PriceListing PriceListing Gains
NSE₹42.00₹42.00₹0.00 (0.00%)

Tridhya Tech SME IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
30 Jun ‘23 - 5 Jul ‘23₹1,05,0003,000₹35 - ₹42
Issue SizeIPO Doc
26.41Cr
RHP PDF

About Tridhya Tech SME

Tridhya Tech Limited, incorporated in 2018, is engaged in full-service software development which includes all IT services and resources. The company provides turnkey consultancy services to various industries like e-commerce, real estate, transport and logistics, insurance and other sectors. The company also provides services related to ecommerce development, enterprise content management, bespoke web management, API development, product support & maintenance, front end development and graphic design. They customise software products based on customer needs, which starts from the initial concept of the product requirement, designing the architecture, coding and testing, and deploying to the final deployment of the product. Other than this, they also provide project management, consultation services, maintenance and support services to ensure the successful completion of the project and longevity of the software. ;
Parent Organisation
Tridya Tech Limited
Founded
2018
Managing Director
Ramesh Marand

Strengths & Risks

  • The company provides end to end IT services to its customers that support their software applications and businesses throughout the full business life-cycle.
  • Customised products and services
  • Asset light business as the company is engaged in the business of software development
  • Total strength of permanent employees is 211 out of which 181 are IT developers
  • Offerings of the company might be suitable for companies of all sizes
  • The company had acquired the shares of the Contcentric IT Services Private Limited and Basilroot Technologies Private Limited to make them subsidiaries of the company. The price paid per equity share for acquiring the shares are higher than the value of share as per valuation report.
  • Company’s restated financial statements were prepared and signed by the Peer Review Chartered Accountants. They are not statutory auditors of the company as required under the provisions of ICDR.
  • The company had taken a loan from Ratnnafin Capital private Limited of Rs 202.50 lakhs. One condition of the sanction letter of the loan has not been fulfilled by the company.
  • In FY 2019-20, provident fund payment by the company was not in time.
  • The company generally does not enter into long-term supply contracts with their customers.
  • There is no monitoring agency appointed by the company and the deployment of funds is at the discretion of its management and board of directors.
  • The company has not filed GST returns in due time in the past.
  • Experienced negative cash flows in previous years.
  • The company uses an unregistered logo for its corporate communications.

Financials

*All values are in Rs. Cr
No Graph Data To Display

Application details

Apply asPrice bandApply upto
Regular35 - 42₹2 Lakh
High Networth Individual35 - 42₹2 - 5 Lakh
For Tridhya Tech SME IPO, eligible investors can apply as Regular.
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