Yudiz Solutions Raises Rs 12.54 Cr From NAV Capital & Among 10 Anchor Investors

Yudiz Solutions has finalised the anchor allocations of the SME IPO. The company in a release said that the IPO committee has allotted 7,60,000 equity shares to anchor investors at an anchor offer price of Rs 165 per share, it said in a release.

The allottees are NAV Capital VCC - NAV Capital Emerging Star Fund (1,20,000 equity shares or 15.79%), Craft Emerging Market Fund PCC - Elite Capital Fund (1,06,400 equity shares or 14%), Tano Investment Opportunities Fund (86,400 equity shares or 11.37%), Quantum-State Investment Fund (75,200 equity shares 9.89%), Resonance Opportunities Fund (68,000 equity shares or 8.95%), Neomile Growth fund - Series I (60,800 equity shares or 8%), Rajasthan Global Securities Private Limited (60,800 equity shares or 8%), LRSD Securities Private Limited (60,800 equity shares or 8%), Absolute Returns Scheme (60,800 equity shares or 8%) and Chhatisgarh Investments Limited (60,800 equity shares or 8%).

As per the SEBI (Issue of Capital and Disclosure Requirements) Regulation, 2018, as amended in case the offer price discovered through book process is higher than the anchor investor allocation price, anchor investor will be required to pay the difference by the pay-in as specified, the company added in the statement.

Incorporated in 2012, Yudiz Solutions is engaged in the business of providing IT solutions and consultancy services.

Its IPO which has a price band of Rs 162-165 will conclude on August 8 and shares are proposed to list on NSE SME.

On August 4, 2023, Yudiz Solutions will launch its initial public offering (IPO), which will be available for public bidding until August 8, 2023. By issuing 27,17,600 wholly new equity shares with a face value of Rs 10 apiece, the company aims to raise Rs 44.84 crore.

Investors must pay Rs 1,32,000 for each lot, which has a set lot size of 800 equity shares. For the qualified institutional bidders (QIBs), the firm has fixed 50% of the net offer; 15% for HNI investors, and 35% of the remaining shares are reserved for retailers.

The current IPO GMP for Yudiz Solutions is Rs 20 as of August 4th, 2023, 10:00 AM. The expected listing price for the Yudiz Solutions SME IPO is Rs 185 (cap price plus today's GMP), considering the upper price band of Rs 165.00. Therefore, on its listing day on Thursday, August 17, 2023 on NSE SME platforms, Yudiz Solutions is imputing a hefty listing premium of 12.12% as per the current GMP.