Mumbai: Tridhya Tech, the Ahmedabad-based enterprise software development and e-commerce platform solutions provider bound for initial public offering, raised Rs 6 crore from two entities managed by Craft Emerging Market Fund.
The company aims to raise Rs 26.4 crore through initial public offering at a price of Rs 42 per share. The IPO, which opened on June 30, will close on July 5. The company's shares will be listed on NSE's Emerge platform.
Of the total amount raised through the initial public offering, Rs 17 crore will be used to repay loans. The balance will be used for other corporate purposes, it said in its offer document.
After the issuance, the promoters will have 74% of the company while the rest will remain in the hands of the non-promoting shareholders.
Tridhya Tech has more than 300 clients in industries such as BFSI, retail and e-commerce, transportation and logistics, and real estate, he said. The company offers turnkey consulting services to its clients.
The company aims to raise Rs 26.4 crore through initial public offering at a price of Rs 42 per share. The IPO, which opened on June 30, will close on July 5. The company's shares will be listed on NSE's Emerge platform.
Of the total amount raised through the initial public offering, Rs 17 crore will be used to repay loans. The balance will be used for other corporate purposes, it said in its offer document.
After the issuance, the promoters will have 74% of the company while the rest will remain in the hands of the non-promoting shareholders.
Tridhya Tech has more than 300 clients in industries such as BFSI, retail and e-commerce, transportation and logistics, and real estate, he said. The company offers turnkey consulting services to its clients.
