The Small and Medium Enterprise (SME) segment seems to be having a field day this year. A string of companies have chosen to come out with their new IPOs, hoping to gain access to some capital. One among the plethora of SME companies looking to list their shares in the public domain is Aadija Technologies Ltd. Let’s take a look at some of the key Aadija Technologies Ltd IPO details.
About the company
Being incorporated in the year 2015, Aadija Technologies Ltd is a relatively new company. In addition to providing software consultancy services to its customers, Aadija Technologies also provides virtual reality (VR) and augmented reality (AR) products and services. Some of the key clientele of the company include companies that are operating in the hospitality, education, real estate, e-commerce, marketing, and manufacturing industries.
Till the financial year 2018-2019, the company hadn’t generated any revenue whatsoever. However, in the FY 2019-2020, Aadija Technologies Ltd generated around 10.45 lakhs in revenue, which grew to around Rs. 17.27 lakhs as on December 31, 2020.
Aadija Technologies Ltd IPO details
Now that you’ve gotten a fair idea of the company, let’s get to the details of the latest IPO such as the Aadija Technologies Ltd IPO date and the Aadija Technologies Ltd IPO share price.
Aadija Technologies Ltd IPO date
The opening and closing dates of the upcoming IPO from Aadija Technologies Ltd has been announced as March 02, 2021 and March 04, 2021 respectively.
Aadija Technologies Ltd IPO issue size
The entire issue size of the new IPO aggregates to around Rs. 2 crores in value, with around 270,400 equity shares of the company being put up for sale.
Aadija Technologies Ltd IPO share price
Since this is an IPO from the SME segment, the issue carries a fixed price instead of a price band. The company has set the price of the issue as Rs. 74 per equity share for their latest IPO.
Aadija Technologies Ltd IPO listing
The company is to be listed on the Bombay Stock Exchange’s (BSE) Startups Platform and has received in-principle approvals for the same.
Aadija Technologies Ltd IPO objectives
The company has stated that it would use the net proceeds from this upcoming IPO issue towards the following objectives.
- For funding the purchase of equipments
- For marketing initiatives
- For other general corporate purposes
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