Tridhya Tech IPO Description: A Game-Changer in the Software Development Industry
Tridhya Tech, a full-service software development company, has been making waves in the industry since its inception in 2018. With a comprehensive range of IT services and resources, Tridhya Tech has established itself as a leading player in the market. In this article, we will delve into the company’s background, services, recent acquisitions, market presence, IPO details, financial performance, and listing information.
Introduction
Tridhya Tech is a software development company that offers end-to-end IT solutions and consultancy services to various industries. With a strong focus on customer satisfaction and delivering high-quality products, the company has gained a reputation for its excellence in the field.
Tridhya Tech IPO GMP Today: Rs ____/-Â
Company Background
Established in 2018, Tridhya Tech has quickly emerged as a key player in the software development industry. The company boasts a talented team of software professionals and technicians who are dedicated to providing innovative solutions to their clients.
Range of Services
Tridhya Tech offers a wide range of services to cater to the diverse needs of its clients. Some of the key services provided by the company include:
- E-commerce development
- Enterprise content management
- Bespoke web management
- Mobile app development
- API development
- Product support & maintenance
- Front-end development
- Graphic design
With such a comprehensive range of services, Tridhya Tech ensures that it can meet the unique requirements of different industries effectively.
Recent Acquisitions
Tridhya Tech has adopted an inorganic growth strategy to expand its business operations. In January 2022, the company acquired Concentric IT Services Private Limited, a software development company, by acquiring 100% equity. This strategic acquisition allowed Tridhya Tech to enhance its capabilities and further strengthen its market position.
In December 2022, Tridhya Tech made two significant acquisitions by acquiring 100% equity in Basilroot Technologies Private Limited (BTPL) and Vedity Software Private Limited (Vedity). These acquisitions showcased Tridhya Tech’s commitment to growth and its ambition to offer a wider range of services to its clients.
Market Presence
Tridhya Tech has successfully established a strong presence in both the international and domestic markets. Internationally, the company operates in countries such as Australia, Canada, Estonia, France, Germany, Israel, Italy, Japan, Mauritius, Netherlands, Qatar, Singapore, Switzerland, the UAE, UK, and the USA.
In the domestic market, Tridhya Tech serves customers based in Maharashtra, Gujarat, Punjab, Telangana, and Karnataka. Its widespread market presence demonstrates the company’s ability to cater to a global clientele while maintaining a strong foothold in its home country.
Tridhya Tech IPO Details
Tridhya Tech is all set to go public with its initial public offering (IPO). Here are the key details of the IPO:
| Tridhya Tech IPO Dates | 30 Jun – 5 Jul 2023 |
| Tridhya Tech Offer Price | INR 35 – 42 per share |
| Fresh issue | 62,88,000 shares (INR 26.41 crore) |
| Offer For Sale | NIL |
| Total IPO size | 62,88,000 shares (INR 26.41 crore) |
| Minimum bid (lot size) | 3,000 shares (INR 1,26,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
- IPO Dates: 30 June – 5 July 2023
- Offer Price: INR 35 – 42 per share
- Fresh Issue: 62,88,000 shares (INR 26.41 crore)
- Offer for Sale: NIL
- Total IPO Size: 62,88,000 shares (INR 26.41 crore)
- Minimum Bid (Lot Size): 3,000 shares (INR 1,26,000)
- Face Value: INR 10 per share
- Retail Allocation: 35%
- Listing On: NSE SME
Tridhya Tech’s IPO presents a significant opportunity for investors to participate in the company’s growth and capitalize on its potential in the software development industry.
Financial Performance
Let’s take a look at Tridhya Tech’s financial performance for FY 2022 and 9M FY 2023:
| FY 2022 | 9M FY 2023 | |
| Revenue | 13.72 | 13.71 |
| Expenses | 9.55 | 11.26 |
| Net income | 3.39 | 2.85 |
Figures in INR crores unless specified otherwise
- Revenue:
- FY 2022: INR 13.72 crores
- 9M FY 2023: INR 13.71 crores
- Expenses:
- FY 2022: INR 9.55 crores
- 9M FY 2023: INR 11.26 crores
- Net Income:
- FY 2022: INR 3.39 crores
- 9M FY 2023: INR 2.85 crores
These figures demonstrate Tridhya Tech’s consistent performance and financial stability, indicating its potential for growth in the future.
Valuations & Margins
To gain a better understanding of Tridhya Tech’s valuation and margins, let’s explore some key metrics:
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 2.41 | 8.59 | 2.36 |
| PE ratio | – | – | 14.83 – 17.80 |
| RONW (%) | 156.45 | 84.78 | 22.37 |
| NAV | 15.43 | 50.66 | 4.94 |
| ROCE (%) | 55.83 | 19.38 | 26.40 |
| EBITDA (%) | – | – | 41.47 |
| Debt/Equity | 4.34 | 6.78 | 0.49 |
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- *Compiled by IPO Central from Prospectus
- EPS (Earnings per Share):
- FY 2020: INR 2.41
- FY 2021: INR 8.59
- FY 2022: INR 2.36
- PE Ratio (Price-to-Earnings Ratio): 14.83 – 17.80
- RONW (Return on Net Worth) (%):
- FY 2020: 156.45%
- FY 2021: 84.78%
- FY 2022: 22.37%
- NAV (Net Asset Value):
- FY 2020: INR 15.43
- FY 2021: INR 50.66
- FY 2022: INR 4.94
- ROCE (Return on Capital Employed) (%):
- FY 2020: 55.83%
- FY 2021: 19.38%
- FY 2022: 26.40%
- EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) (%): 41.47
- Debt/Equity:
- FY 2020: 4.34
- FY 2021: 6.78
- FY 2022: 0.49
These valuations and margins reflect Tridhya Tech’s financial stability, growth potential, and efficient capital management.
IPO Dates & Listing Performance
If you’re considering investing in Tridhya Tech’s IPO, take note of the following important dates:
| IPO Opening Date | 30 June 2023 |
| IPO Closing Date | 5 July 2023 |
| Finalization of Basis of Allotment | 10 July 2023 |
| Initiation of refunds | 11 July 2023 |
| Transfer of shares to demat accounts | 12 July 2023 |
| IPO Listing Date | 13 July 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
- IPO Opening Date: 30 June 2023
- IPO Closing Date: 5 July 2023
- Finalization of Basis of Allotment: 10 July 2023
- Initiation of Refunds: 11 July 2023
- Transfer of Shares to Demat Accounts: 12 July 2023
- IPO Listing Date: 13 July 2023
The listing performance of Tridhya Tech on the NSE SME will be available soon, providing investors with insights into the market response and the company’s future prospects.
Conclusion
Tridhya Tech has positioned itself as a game-changer in the software development industry. With its comprehensive range of services, recent acquisitions, and strong market presence, the company is poised for further growth and success. Investors considering participation in the IPO can capitalize on the company’s potential and contribute to its journey of expansion and innovation.
FAQs
How often does the IPO Grey Market Premium change?
The Grey Market Premium is dynamic and can change frequently, influenced by market conditions and investor sentiment. It is advisable to stay updated with the latest figures through reliable sources.
Can investors participate in the Grey Market trading?
Grey Market trading is conducted through a network of dealers, and participation is limited to select individuals or entities. It is an unofficial market and not regulated like the stock exchange.
Should investors rely solely on the IPO Grey Market Premium for investment decisions?
No, investors should consider the Grey Market Premium as one of several factors when making investment decisions. Thorough research, analysis of company fundamentals, and expert advice are equally important.
What is the significance of Kostak rates in IPO investments?
Kostak rates represent the price at which investors can sell their IPO application before listing. It provides an opportunity for early exits. Investors should evaluate both GMP and Kostak rates to make informed decisions.
Disclaimer:
The information provided in this article is for informational purposes only and should not be construed as investment advice. Investors are advised to conduct their own research and consult with financial professionals before making any investment decisions.
