The initial public offering (IPO) of Yudiz Solutions will open for subscription on Friday, August 4, 2023. The company is selling its shares in the range of Rs 162-165 per share and the issue is open for subscription until Tuesday 4th August 2023. It is a SME IPO trading on the emerging platform of the National Stock Exchange (NSE ) is noted. The Company intends to raise Rs. 44.84 crore through the first share sale, which is totally fresh shares of 27,17,600 shares with a par value of Rs. 10 each. The lot size has been set at 800 shares, with each lot costing investors Rs 1.32,000. Individual investors can bid on a single lot, while HNI investors must bid on at least two lots. Founded in 2012, Yudiz Solutions is an enterprise solutions technology company specializing in blockchain, AI and gaming, providing IT solutions and consulting services. Yudiz Solutions Limited also provides various solutions in Mobile, Web, AR/VR, UI/UX and IoT by integrating trending technologies. Its services include mobile app development, game development, blockchain, AR/VR, web development, website design and development, website maintenance and support, e-commerce web apps and portal development, mobile app prototyping, Android /iOS App Development, PC/ Mobile Game Development, Digital Marketing and more. The IPO makes Yudiz Solutions the first company in the combined blockchain, AI and gaming space to go public. Based in Ahmedabad, the company has web development clients across North America, Europe and Asia. Akasa Air, MPL, Zydus, RR Kabel, IRM Energy and SportsBuzz are some of the well-known customers. Of the 27,17,600 shares, 1,36,800 shares will be reserved for subscription by the market maker, which is Kantilal Chhaganlal Securities for Yudiz Securities. The company has received 50 percent of the net offering from qualified institutional bidders (QIBs), while HNI investors will receive 15 percent of the shares and retailers will receive 35 percent of the remaining shares. Narnolia Financial Services is the lead booker on the offering, while PLS Capital and Longview Research & Advisory are acting as advisors to the offering. Mas Services has been appointed registrar for the issue. The company is expected to make its debut on Thursday, August 17th.
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