Tridhya Tech IPO: GMP, subscription status on Day 4 and other issue details you need to know
₹35-42 per equity share. There will be 62.88 lakh units for sale, as per reports. The software development company intends to raise as much capital as ₹26.41 crore through this offering.
Lead manager of the issue is Interactive Financial Services. ₹1.05 to ₹1.26 lakh is the required minimum for each application. In the IPO, the quotas for retail investors and high net worth individuals are maintained at 35% and 15% of the issue, respectively, while the QIB quota is maintained at a maximum of 50%.
3,15,000 equity shares are held as market maker reservations. Pre-issue promoter group shareholding is 80.8%; post-issue shareholding will be 58.98%. According to the reports, the company intends to use the proceeds of the public offering to pay down secured and unsecured loans as well as for general business needs.
The company's shares will be listed on the National Stock Exchange's SME Emerge Platform after the IPO. Tridhya Tech Ltd, which was founded in 2018, is a full-service software development firm that specialises in eCommerce, online, and mobile application development as well as offering end-to-end technological solutions. Tridhya Tech Ltd IPO Subscription Status: The SME initial public offering (IPO) of Tridhya Tech Ltd was subscribed 70.79 times on Day 4.
The issue received positive response from retail investors, who's portion set was subscribed 64.19 times, followed by non-institutional bidders (NII) portion set was subscribed 181.68 times. While the qualified institutional buyer portion received 15.62 times subscription, according to data on chittorgarh.com. The company has received bids for 32,15,10,000 shares against 6,288,000 shares on offer, according to data on chittorgarh.com at 16:07 IST.
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