{"id":32397,"date":"2023-06-29T07:42:14","date_gmt":"2023-06-29T07:42:14","guid":{"rendered":"https:\/\/northwestnewstimes.com\/index.php\/2023\/06\/29\/tridhya-techs-ipo-opens-on-30th-june-2023\/"},"modified":"2023-06-29T07:42:14","modified_gmt":"2023-06-29T07:42:14","slug":"tridhya-techs-ipo-opens-on-30th-june-2023","status":"publish","type":"post","link":"https:\/\/northwestnewstimes.com\/index.php\/2023\/06\/29\/tridhya-techs-ipo-opens-on-30th-june-2023\/","title":{"rendered":"Tridhya Tech\u2019s IPO Opens on 30th June 2023"},"content":{"rendered":"<div class=\"dsprime\"><img loading=\"lazy\" decoding=\"async\" width=\"640\" height=\"480\" src=\"https:\/\/northwestnewstimes.com\/wp-content\/uploads\/2023\/06\/1-112-1024x768-1.jpg\" class=\"attachment-large size-large wp-post-image\" alt=\"\" loading=\"lazy\" style=\"margin-bottom: 10px\" \/><\/div>\n<p>\u2022 Issue Size \u2013 62,88,000 equity shares of \u20b9 10 each \u2022 Price Band \u2013 \u20b9 35 \u2013 \u20b942 \u2022 Issue Size \u2013 \u20b9 22.01 crore \u2013 \u20b9 26.41 crore \u2022 Market Lot Size \u2013 3,000 Equity Shares<\/p>\n<p><strong>Mumbai (Maharashtra) [India], June 29<\/strong>: Tridhya Tech Limited,\u00a0a full-service software development and technology company with strong capabilities in digital experience solutions\u00a0has announced its plans to go public with an Initial Public Offering (IPO) on June 30<sup>th<\/sup>, 2023. The company is aiming to raise\u00a0\u20b9\u00a026.41 crore through this IPO, with shares set to be listed on the NSE EMERGE platform.<\/p>\n<p>The fresh issue size is 62,88,000 equity shares of\u00a0\u20b9\u00a010 each.<\/p>\n<p>Equity Share Allocation<\/p>\n<ul>\n<li>Qualified Institutional Buyers (QIB) \u2013 not more than 29,85,000 equity shares<\/li>\n<li>Non-Institutional Investors (NII) \u2013 not less than 4,50,000 equity shares<\/li>\n<li>Retail Individual Investors (RII) \u2013 not less than 25,38,000 equity shares<\/li>\n<li>Market Maker \u2013 3,15,000 equity shares<\/li>\n<\/ul>\n<p>The net proceeds from the IPO will be utilized to repay secured and unsecured debt and general corporate purpose. \u00a0The issue closes on July 5<sup>th<\/sup>, 2023.\u00a0<\/p>\n<p>The Lead Manager to the Issue is Interactive Financial Services Limited and The Registrar to the Issue is Link Intime India Private Limited.<\/p>\n<p>Mr. Ramesh Marand, Director &amp; CEO of, Tridhya Tech Limited\u00a0said,\u201d We pursuing a sophisticated growth strategy to expand its global presence and achieve its vision for 2027. This strategy involves a combination of organic growth and strategic acquisitions. By leveraging the funding from the initial public offering (IPO), we aim to repay debts and fortify our balance sheet for future growth.\u00a0<\/p>\n<p>The company\u2019s focus on acquiring synergistic businesses that complement its existing operations will enhance its capabilities, broaden its customer base, and access new markets. Additionally, we plan to invest in expanding our capabilities through research and development, innovation, and talent acquisition. By establishing a global delivery presence in different regions, we aim to tap into diverse markets and provide localized services to clients, ensuring sustained growth and success\u201d<\/p>\n<p>Mr. Mayur Parikh, Director,\u00a0Interactive Financial Services Limited,\u00a0lead manager to the issue,\u00a0said,\u00a0\u201cWe believe that this IPO offering will provide the company with the required growth capital and help in achieve it\u2019s long-term Vision.\u201d<\/p>\n<p>If you have any objection to this press release content, kindly contact pr.error.rectification@gmail.com to notify us. We will respond and rectify the situation in the next 24 hours.<\/p>\n<p>&#013;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u2022 Issue Size \u2013 62,88,000 equity shares of \u20b9 10 each \u2022 Price Band \u2013 \u20b9 35 \u2013 \u20b942 \u2022 Issue Size \u2013 \u20b9 22.01 crore \u2013 \u20b9 26.41 crore \u2022 Market Lot Size \u2013 3,000 Equity Shares Mumbai (Maharashtra) [India], June 29: Tridhya Tech Limited,\u00a0a full-service software development and technology company with strong capabilities [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":32398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[17],"tags":[1343],"class_list":["post-32397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","tag-business"],"_links":{"self":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/comments?post=32397"}],"version-history":[{"count":0,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/posts\/32397\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media\/32398"}],"wp:attachment":[{"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/media?parent=32397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/categories?post=32397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/northwestnewstimes.com\/index.php\/wp-json\/wp\/v2\/tags?post=32397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}