Yudiz Solutions, an enterprise technology company specialising in blockchain, AI, and gaming, has received approval from SEBI for an SME Initial Public Offering (IPO).
The Ahmedabad-based technology service provider is looking to invest around Rs 8 crore to establish a state-of-the-art gaming studio and a multi-gaming platform. According to the company, it plans to issue 27,17,600 equity shares, according to its recently approved DRHP.
Interestingly, in addition to producing its own games, the company said that it will also develop games for other publishers and open its publishing platform to external developers. Moreover, with its new gaming studio, the company aims at creating over 40 games annually.
For FY23, Yudiz Solutions recorded an EBITDA of 21.77 per cent. Notably, in the fiscal year ended March 31, 2023, Yudiz Solutions earned a PAT of Rs 2.75 crore.