Blockchain Firm Yudiz Solutions Files Draft Papers For IPO
This IPO will also be the next company after Nazara Technologies in the gaming space
Photo Credit : shutterstock,
Yudiz Solutions, a blockchain, artificial intelligence and game development company on Thursday has filed draft papers for IPO with the NSE Emerge.
The IPO will make Yudiz, the first company in the blockchain, artificial intelligence and game development space to publicly enlist in the market. It will also be the next company after Nazara Technologies in the gaming space. The public issue consists of a fresh issue of 27,17,600 equity shares.
The merchant banker for the IPO is Narnolia Financial Services and is also the lead manager to the issue. Delhi-based IPO Consultants, Pro Legal Solutions and Longview Research and Advisory Services are the advisors to the issue.
The equity shares of the company are proposed to be listed on NSE’s SME Platform (NSE Emerge). The company is raising funds for developing new products and technology, enhancement, branding and marketing. Moreover, it will explore technology companies for acquisitions in India and abroad, capital expenditure and working capital requirements.
Yudiz was incorporated in 2011, headed by Chairman Bharat Patel, MD Pratik Patel and CEO Chirag Leuva.
