India, August 2, 2023: Yudiz Solutions Ltd, a blockchain, AI, and gaming focussed enterprise solutions technology company is set to open its initial public offering (IPO) on (August 4, 2023). The company will offload a public issue consisting of a fresh 27,17,600 equity shares of a face value of Rs.10.
The company price band issue has been fixed at Rs. 162/- to 165/-. They aim to raise Rs. 44.84 crore via IPO.
The issue opens on the 4th August and will close on August 8, 2023. The IPO will be listed on the NSE Emerge platform. The book-running lead manager to the issue is Narnolia Financial Services Limited, the advisor to the issue PLS Capital & Longview Research & Advisory, and the registrar to the issue is Mas Services Limited.
Out of 27,17,600 shares, 1,36,800 equity shares will be reserved for subscription by the market maker, and the remaining 25,80,800 will be referred to as the “net issue”. The issue and net issue will constitute 26.33% and 25.01% respectively of the post-issue paid-up equity share capital of the company.
The IPO will make Yudiz, the first company in the blockchain, AI, and gaming space to publicly enlist and also the next gaming company in the country after Nazara Technologies Ltd.
Akasa Air, MPL, Zydus, RR Kabel, IRM Energy, SportsBuzz are some of Yudiz’s clients.
Headquartered in Ahmedabad and Yudiz is recognized as a global IT service providing solutions in AI/ML, AR/VR, IoT, Blockchain, mobile app, and web development across North America, Europe, and Asia. The company is set to disrupt the market with its innovative solutions and products.
About Yudiz Solutions Ltd
Yudiz Solutions Ltd. (“Yudiz”) is a global blockchain, AI, and gaming-focused enterprise solutions technology company. With an active international presence, the Ahmedabad-based company is a leading IT services provider and consultant recognized for cutting-edge solutions in the Web and Mobile app space, including AI/ML, AR/VR, and IoT.
Yudiz is highly recognized for delivering scalable, cost-effective solutions through state-of-the-art technology in sectors such as Healthcare, Ed-Tech, Fin-Tech, Human Resources, Social Networks, F&B, Supply Chain space, and the Entertainment sector including OTT, and Gaming related platforms.
The company is 400+ people strong, with a unique mix of young minds and industry experts. They have successfully designed, developed, and delivered 6000+ projects by implementing a strong, well-researched, and agile approach.
The company has been expanding its business in terms of infrastructure and human resources, while leveraging innovative technology in the Metaverse and Web 3.0 space, making them a significant contributor to the industry at a global level given their presence in blockchain, AI, and game technology.
Established in 2011, Yudiz Solutions Ltd. is led by their esteemed promoters, Chairman & Director Mr. Bharat Patel, Managing Director Mr. Pratik Patel, and CEO Mr. Chirag Leuva. The company is overseen by Whole Time Director Mr. Suraj Chokhani.
