About the Company:
ADJIA Technologies Ltd is engaged in the business of offering augmented reality and virtual reality related services to various customers electronically.
Company built technology and solutions for multiple areas of the business which enables one Company to increase efficiency. We provide dynamic pricing and sector specific approach. Company is also engaged in Software Consultancy services.
Company is solving a prime problem of customers with providing augmented and virtual reality services. Company is able to achieve this through a combination of skills and strategic approach.
Company firmly believes in maintaining service quality against the highest standards, are customer centric, deeply people focused, and follow ethical business practices and corporate governance standards overall.
Company’s business operations consists of following:
- Augmented Reality Services (AR Services)
- Virtual Reality Services (VR Services)
- Software Consultancy Services.
Augmented Reality Services:
Company develops mobile applications / computer software which allows the images to be displayed in Augmented Reality.
Augmented Reality enables brands and product owners to transform images, objects, and locations into interactive and immersive digital experiences by putting unforgettable Augmented Reality experiences right at audience’s fingertips.
It can also be shown straight onto their mobile device.. It can be used to enhance the user experience and present products in more innovative and immersive manner.
Company provides graphics creation and support services for Augmented Reality Product demonstrations such as catalogues, videos, presentations. Major utilisation of this technology is observed in education, real estate, textile retail, e-commerce, automobiles and entertainment industry.
Virtual Reality Services:
Company develops software which can generate Virtual Reality compatible graphics. We provide graphics creation and hardware supports for Virtual Reality Product demonstrations. Major utilisation of this technology is observed in Education, Real Estate, Gaming and Entertainment industry.
Software Maintenance and Advisory Services:
Company provides Maintenance and Advisory services for already developed Augmented Reality and Virtual Reality services. Of the above services AR/VR Services fetches majority of the Total Revenue.
Capitalize on growth demand in AR/VR Industry:
Company believes that AR/VR Industry shall observe a rapid growth in the coming years. Company believes that demand for virtual reality shall be increased in near future and intend to capitalize on such growth opportunities.
Company believes that it is well positioned to cater to demand of such sector with Services and competitive pricing structure.
Management Team:
- Mr. Roshan Kumar Rawal (Designation: Chairman, Managing Director and CFO)
- Mr. Mudit Agarwal (Designation: Non-Executive Director)
Objectives of the Issue:
Fresh Issue: (Rs.2.14 cr)
- Funding purchases of equipment.
- Marketing initiatives.
- General Corporate Purposes.
Peer Group Comparison:
We believe that there is no listed Company which is specifically comparable to us w.r.t. to ADJIA Technologies Ltd business model, size and financials. Hence we cannot make any comparison.
Financials of the Company: (in Lakhs)
| (in Lakhs) | FY 20 | 26th Nov 2020 |
|---|---|---|
| Revenue | 10.45 | 11.34 |
| Net Profit | 1.93 | 3.05 |
IPO Details:
| Details | Info |
|---|---|
| Issue Opens on | 2nd March 2021 |
| Issue Closes on:. | 4th March 2021 |
| Issue Price | Rs.74 |
| Face Value | Rs.10 |
| Minimum Lot | 1600 |
| Minimum Investment | Rs.1,18,400 |
| Issue Constitutes | 32.22% |
| Issue Size | Rs.2.14 cr |
| Market Cap | Rs.6.6 cr |
| Listing at | BSE StartUps |
| Equity Shares Offered (Fresh) | 2,90,000 |
| Equity Shares Prior to the Issue | 6,10,000 |
| Equity Shares after the Issue | 9,00,000 |
Also Read : List of Upcoming IPO’s in India.
Important Dates:
| Finalization of Basis of Allotment | on or Before 9th March 2021 |
| Initiation of Refunds | on or Before 10th March 2021 |
| Credit of Equity Shares: | on or Before 12th March 2021 |
| Listing Date: | on or Before 14th March 2021 |
| Company Contact Info: |
|---|
| ADJIA TECHNOLOGIES LIMITED 102, Fairdeal House, Opp. Xaviers Ladies Hostel, Swastik Char Rasta, Navrangpura, Ahmedabad Gujarat – 380009, India Tel: +91-76230-72273 Email: info@adjiatechnologies.com Website: www.adjiatehnologies.com |
| IPO Registrar Info: |
|---|
| KFIN TECHNOLOGIES PRIVATE LIMITED Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad, Telangana – 500 032. Tel. No.: +91-40-6716-2222 Email: adjia.ipo@kfintech.com Website: www.kfintech.com |
| Lead Manager to the Issue: |
|---|
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai, Maharashtra – 400092 Tel No.: +91-22-2808-8456 Email: shrenishares@gmail.com Website: www.shreni.in |
