Yudiz Solutions Archives - Republic Aeon https://republicaeon.com/tag/yudiz-solutions/ Know Your World! Thu, 17 Aug 2023 17:34:53 +0000 en-US hourly 1 https://wordpress.org/?v=7.1 https://republicaeon.com/wp-content/uploads/2022/11/cropped-RA_LIGHT_FINAL-removebg-preview-32x32.png Yudiz Solutions Archives - Republic Aeon https://republicaeon.com/tag/yudiz-solutions/ 32 32 Decent listing | Yudiz Solutions closes with 10% premium on debut https://republicaeon.com/decent-listing-yudiz-solutions-closes-with-10-premium-on-debut/ Thu, 17 Aug 2023 17:34:53 +0000 https://republicaeon.com/?p=21075 Yudiz Solutions, a provider of IT solutions and advisory services, had a successful debut on August 17 despite the sluggish equity market. Up 10% from its issue price of Rs 165, but down from its opening price, the stock finished at Rs 181.40 on the NSE SME. The stock price began trading at Rs 185 […]

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]]> Yudiz Solutions, a provider of IT solutions and advisory services, had a successful debut on August 17 despite the sluggish equity market.

Up 10% from its issue price of Rs 165, but down from its opening price, the stock finished at Rs 181.40 on the NSE SME.

The stock price began trading at Rs 185 and peaked at Rs 191 before closing the day at Rs 181.

On the first day of trading, 9.02 lakh shares were exchanged.

By issuing 27.17 million new shares of stock to the public, the digital transformation and technology services firm raised Rs 44.84 crore, or about $44.84 million. The offer price ranged from Rs 162 to Rs 165 per share, and the offering was book-built.

Decent listing | Yudiz Solutions closes with 10% premium on debut

This was an altogether new initiative on the part of the firm. Issue proceeds (after deducting IPO costs) will be used to fund the purchase and development of innovative products and technologies.

Networking and cabling, as well as branding and marketing, will be funded with these resources. The capital expenditure and working capital needs will also be met using the proceeds from the new issue.

Ability Games’ subsidiary, Yudiz Solutions, specialises in providing web, mobile, game, and blockchain solutions. Ability Games’ primary business is online fantasy gaming and unique gaming products.

Also Read : Pyramid Technoplast raises Rs 27.55 crore via anchor book ahead of IPO

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]]> Three IPOs to hit Dalal Street tomorrow, total fund raising over Rs 1,600 crore https://republicaeon.com/three-ipos-to-hit-dalal-street-tomorrow-total-fund-raising-over-rs-1600-crore/ Thu, 03 Aug 2023 11:53:48 +0000 https://republicaeon.com/?p=20000 The market will witness three IPOs available for subscription on the penultimate day of the week on August 4. They plan to raise about Rs 1,600 crore in total. Concord Biotech, a biotechnology firm, plans to be the first of these companies to go public, with an initial public offering expected to raise Rs 1,550.6 […]

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]]> The market will witness three IPOs available for subscription on the penultimate day of the week on August 4. They plan to raise about Rs 1,600 crore in total.

Concord Biotech, a biotechnology firm, plans to be the first of these companies to go public, with an initial public offering expected to raise Rs 1,550.6 crore. This part comes directly from the motherboard.

Helix Investment Holdings Pte Limited, backed by Quadria Capital, is selling its whole 20% investment (2.09 crore shares) and withdrawing from the Ahmedabad-based pharmaceutical company in this IPO.

Thus, the investment firm sponsored by Rakesh Jhunjhunwala’s late RARE Enterprises will not benefit monetarily from the offer.

The offer price range has been set at Rs 705-741 per share, with the deadline set for August 8.

Up to 10,000 equity shares were set aside in the aforementioned offer for firm personnel. In comparison to the final offer price, they will receive these shares at a discount of Rs 70 each.

Three IPOs to hit Dalal Street tomorrow, total fund raising over Rs 1,600 crore

SME Segment

The other two initial public offerings (IPOs) will come from smaller and medium-sized businesses. IT solutions and consultancy firm Yudiz Solutions will be the second IPO opening on April 4, to collect Rs 44.84 crore at higher price band.

There is no offer for sale component to the IPO; instead, a total of 27.17 million new equity shares will be issued.

The price range for the book building offer, which ends on 8th August, is Rs 162-165 per share.

Acquisition, new product and technology development, networking and cabling, and corporate branding and marketing will all benefit from the proceeds of the new issuance after IPO costs are deducted. The funds are needed for both capital expenditures and operating expenses.

  Three IPOs to hit Dalal Street tomorrow, total fund raising over Rs 1,600 crore 

Sangani Hospitals, the third IPO, would sell 37.92 million equity shares to the public for Rs 15.17 crore between August 4 and 8.

The price range for this small and medium-sized enterprise (SME) issue is Rs 37–40.

Only current issues are included in this offer. The profits from the offering will be used for general corporate objectives as well as hospital expansion.

Also Read : Nifty ends the day below 19,400, buy-on-dips pushes Sensex close to 65,250

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