Today the IPO of this Gujarat IT company will open for subscription, know how much is the price band

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IPO of Tridhya Tech Limited: The market will reopen for trade today after the Eid holiday. A company’s IPO was closed on June 28. Now Ahmedabad based company is entering the market. The initial public offering (IPO) of Ahmedabad-based software development company Tridhya Tech Limited is opening for investors from today. The company through this issue raised Rs. 26.41 crore is targeted to be collected. The company plans to use the proceeds from the public issue to repay debt and for other corporate purposes. The company’s shares will be listed on NSE’s SME Emerge platform. Tridhya has raised Rs per share for the IPO. 35-42 price range has been kept. IPO closes on July 5.

11 times new subscribers received

IdeaForge Technology IPO on schedule due to change in stock market holidays for Eid It was closed a day ago. The membership date of Ideaforge IPO has been changed from June 29 to June 28, NSE said in its new circular. There was a lot of craze among investors to invest in this company on the first day itself. It has received 11 times new subscribers on the first day of IPO opening. IdeaForge Technologies has raised its Rs. 567 crore for the initial public offering (IPO) per share at Rs. 638 to Rs. 672 has fixed the price range. A lot of 22 shares has been created for this, which investors can buy at a cost of Rs 14,784.

The size of the IPOhas already been reduced

The size of this IPO is Rs. 300 crore reduced to Rs. 240 crore, as the company acquired Tata AIG General Insurance, 360 One Special Opportunity Fund – Series 9 and 10, Motilal Oswal Midcap Fund and Think Investments PCC in June. As it has issued 8.92 lakh equity shares to institutional investors in pre-IPO placement for Rs. 60 crore raised. The list of shareholders includes Ashish Bhat, Amarpreet Singh, Nambirajan Seshadri, Naresh Malhotra, Sujata Vemuri, Sundararajan K Pandalgudi, A&E Investment LLC, Agarwal Trademart, Celesta Capital, Export Import Bank of India, Indes Technology Venture Fund, Qualcomm Asia Pacific and NSE. happens such as the Society for Innovation and Entrepreneurship.