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ADJIA Technologies IPO is a fixed price issue of Rs 2.00 crores.
ADJIA Technologies IPO bidding started from March 2, 2021 and ended on March 4, 2021. The allotment for ADJIA Technologies IPO was finalized on Tuesday, March 9, 2021. The shares got listed on BSE SME on March 15, 2021.
ADJIA Technologies IPO price is ₹74 per share. The minimum lot size for an application is 1600 Shares. The minimum amount of investment required by retail investors is ₹118,400.
Shreni Shares Limited is the book running lead manager of the ADJIA Technologies IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to ADJIA Technologies IPO RHP for detailed information.
| IPO Date | March 2, 2021 to March 4, 2021 |
| Listing Date | March 15, 2021 |
| Face Value | ₹10 per share |
| Price | ₹74 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 270,400 shares (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 610,000 |
| Share holding post issue | 880,400 |
| Market Maker portion | 14,400 shares |
ADJIA Technologies IPO offers 284,800 shares. 270,400 (94.94%) to NII, 270,400 (94.94%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 14,400 (5.06%) |
| Other Shares Offered | 270,400 (94.94%) |
| Retail Shares Offered | 270,400 (94.94%) |
| Total Shares Offered | 284,800 (100%) |
ADJIA Technologies IPO opens on March 2, 2021, and closes on March 4, 2021.
| IPO Open Date | Tuesday, March 2, 2021 |
| IPO Close Date | Thursday, March 4, 2021 |
| Basis of Allotment | Tuesday, March 9, 2021 |
| Initiation of Refunds | Wednesday, March 10, 2021 |
| Credit of Shares to Demat | Friday, March 12, 2021 |
| Listing Date | Monday, March 15, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on March 4, 2021 |
Investors can bid for a minimum of 1600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1600 | ₹118,400 |
| Retail (Max) | 1 | 1600 | ₹118,400 |
| Lot Size Calculator | |||
Mr. Roshan Kumar Rawal is the promoter of the company.
| Share Holding Pre Issue | 94.10% |
| Share Holding Post Issue | 65.20% |
ADJIA Technologies Limited offers augmented reality and virtual reality related to customers electronically. It further offers software consultancy-related services to clients.
The company provides VR AR 360 based products and services to customers across industries i.e. manufacturing, reality, marketing, e-commerce, education, real estate, hospitality, etc.
Competitive Strengths
| Particulars | For the year/period ended (₹ in lakhs) | ||||
|---|---|---|---|---|---|
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 67.92 | 4.05 | 1.66 | 1.67 | |
| Total Revenue | 17.27 | 10.45 | - | - | |
| Profit After Tax | 5.60 | 1.88 | (0.06) | (0.20) | |
The IPO aims to raise money for the following purposes;
[Dilip Davda] ATL being a startup has minuscule financial data for a limited period. Based on this, the asking price is at a much higher P/E. The company is paying around 20% to mobilize Rs. 2 crores from the market, this indicates that the issue is pre-structured and funding arrangement is done. There is no harm in giving this issue a MISS. Read detail review...
The ADJIA Technologies IPO is subscribed 6.03 times on March 4, 2021 7:49:00 AM. The public issue subscribed 5.15 times in the retail category, times in the QIB category, and 0.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.88 |
| Retail | 5.15 |
| Total | 6.03 |
| Listing Date | March 15, 2021 |
| BSE Script Code | 543269 |
| NSE Symbol | |
| ISIN | INE0G0V01018 |
| Final Issue Price | ₹74 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹74.00 |
| ₹74.50 |
| ₹74.00 |
| ₹74.65 |
| ₹74.25 |
ADJIA Technologies Limited
102, Fairdeal House, Opp. Xaviers Ladies Hostel,
Swastik Char Rasta, Navrangpura
Ahmedabad - 380 009
Phone: +91-87800-38297
Email: info@adjiatechnologies.com
Website: http://www.adjiatechnologies.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: adjia.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
SME Company Owners
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ADJIA Technologies IPO is a SME IPO of 270,400 equity shares of the face value of ₹10 aggregating up to ₹2.00 Crores. The issue is priced at ₹74 per share. The minimum order quantity is 1600 Shares.
The IPO opens on March 2, 2021, and closes on March 4, 2021.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in ADJIA Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in ADJIA Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ADJIA Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ADJIA Technologies IPO opens on March 2, 2021 and closes on March 4, 2021.
ADJIA Technologies IPO lot size is 1600 Shares, and the minimum amount required is ₹118,400.
You can apply in ADJIA Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for ADJIA Technologies IPO will be done on Tuesday, March 9, 2021, and the allotted shares will be credited to your demat account by Friday, March 12, 2021. Check the ADJIA Technologies IPO allotment status.
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