Tridhya Tech IPO: IPO of This IT Company Will Open on June 30
Tridhya Tech IPO
Tridhya Tech Ltd, a leading software development company headquartered in Ahmedabad, is eagerly anticipating the opening of its Initial Public Offering (IPO) on Friday, 30 June.
With the objective of raising approximately Rs 26.41 crore, Tridhya Tech has opted for the SME route to bring its IPO to the market.
The primary purpose of this IPO is to raise capital that will enable Tridhya Tech to address its existing debt obligations and support the company’s future growth and expansion plans.
By utilizing the proceeds from the IPO, the company aims to strengthen its financial position and enhance its overall operational capabilities.
Upon successful completion of the IPO, the shares of Tridhya Tech will be listed and made available for trading on the SME Emerge platform of the National Stock Exchange (NSE), providing investors with an opportunity to participate in the company’s growth story.
Tridhya Tech plans to offer a total of 62.88 lakh shares as part of its IPO, with all the shares being newly issued. This indicates that the company is offering fresh equity to the public, allowing investors to acquire a stake in Tridhya Tech’s future prospects.
The price band for the IPO has been set at Rs 35 to Rs 42 per share, providing potential investors with a range within which they can subscribe to the IPO.
This pricing strategy aims to strike a balance between attracting investor interest and ensuring the company receives a fair valuation.
Tridhya Tech’s IPO represents an exciting opportunity for investors to participate in the growth potential of a promising software development company.
With its headquarters in Ahmedabad, Tridhya Tech has built a reputation for delivering innovative technology solutions and is poised to capitalize on the ever-expanding digital landscape.
As part of its IPO allocation, Tridhya Tech Ltd has reserved half of the shares for Qualified Institutional Buyers (QIBs).
This portion is typically set aside for institutional investors such as banks, financial institutions, mutual funds, and foreign institutional investors who meet specific eligibility criteria.
Additionally, 15% of the shares have been earmarked for Non-Institutional Investors (NIIs). This category includes high-net-worth individuals (HNIs) and corporate bodies who do not fall under the QIB category.
Furthermore, 35% of the shares have been allocated for retail investors, which refers to individual investors who apply for shares on their own behalf.
This allocation is intended to encourage participation from small individual investors and ensure a broad distribution of shares among the public.
In terms of bidding, investors can participate in the IPO by submitting bids based on lots. Each lot consists of 3,000 shares of Tridhya Tech. Retail investors have the option to bid for a minimum of 1 lot and a maximum of 1 lot.
Therefore, to bid for 1 lot, an investor would need to invest a total of Rs 1.26 lakh, calculated as 3,000 shares multiplied by the upper end of the price band (Rs 42 per share).
This structure allows retail investors to participate in the IPO with a manageable investment amount, making it more accessible to individual investors who wish to be part of Tridhya Tech’s IPO and potential growth.
Details About Tridhya Tech Company
Tridhya Tech Ltd is a software development company that offers comprehensive consultancy and deployment support services across various sectors.
Their expertise spans industries such as e-commerce, real estate, transport, logistics, and insurance. The company specializes in providing end-to-end solutions, encompassing project management, consultancy, maintenance, and support services.
Tridhya Tech ensures the smooth implementation of software development and deployment by offering a range of services tailored to meet the specific needs of their clients.
Their consultancy services involve analyzing client requirements, identifying optimal software solutions, and providing strategic guidance throughout the project lifecycle.
They also provide project management support to ensure efficient execution and timely delivery.
Maintenance and support services are a crucial aspect of Tridhya Tech’s offerings, as they focus on the ongoing maintenance and enhancement of software applications. This ensures that the deployed solutions continue to perform optimally and adapt to evolving business needs.
As of January 31, 2023, Tridhya Tech reported having 162 permanent and on-call software employees. These professionals contribute their technical expertise and knowledge to the successful execution of projects.
Additionally, the company claims to have over one thousand employees at the group level, indicating a larger workforce supporting their operations across different divisions and subsidiaries.
Tridhya Tech is led by experienced IT professionals, including Ramesh Marand and Vinay Dangar, who bring their expertise and leadership to drive the company’s strategic direction and growth.
With a team of dedicated professionals and seasoned leaders, Tridhya Tech is well-positioned to navigate the dynamic software development industry and deliver innovative solutions to its clients.
The Company Made Headlines When Employees Were Gifted Cars
Tridhya Tech made headlines approximately five months ago in February when it surprised and delighted its employees by gifting them expensive cars as a token of appreciation.
The company’s gesture of recognizing the hard work and dedication of its employees garnered attention and created a buzz within the industry.
Tridhya Tech selected 13 deserving employees who had demonstrated exceptional performance and contributed significantly to the company’s success.
These individuals were rewarded with expensive cars as a symbol of recognition and gratitude. By acknowledging their employees in such a remarkable way, Tridhya Tech aimed to foster a positive work culture and maintain a strong association with talented individuals.
This act not only served as a motivation for the recipients but also inspired other employees to strive for excellence in their work.
The company’s decision to continue this tradition reflects its commitment to nurturing a work environment that values and appreciates its employees.
By offering such extravagant rewards, Tridhya Tech aims to foster loyalty, enhance employee engagement, and attract and retain top talent in the industry.
Recognizing and rewarding employees’ efforts in this manner has proven to boost morale and drive increased productivity within the company.
Tridhya Tech’s gesture of gifting cars to its employees not only generated positive publicity but also served as a testament to its recognition of the value that its employees bring to the organization.
By celebrating their achievements in such a grand way, Tridhya Tech demonstrates its dedication to fostering a positive and rewarding work environment where employees feel valued and motivated to excel.
