ADJIA Technologies Limited specializes in providing electronic augmented reality and virtual reality services to its customers. The company also offers software consultancy services to its clients.
ADJIA Technologies Limited serves customers from various industries, including manufacturing, real estate, marketing, e-commerce, education, hospitality, and more, by providing them with VR AR 360-based products and services.
ADJIA Technologies IPO Details
| IPO Date | Mar 2, 2021 to Mar 4, 2021 |
| Listing Date | Mar 15, 2021 |
| Face Value | ₹10 per share |
| Price | ₹74 per share |
| Lot Size | 1600 Shares |
| Total Issue Size | 270,400 shares (aggregating up to ₹2.00 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
ADJIA Technologies IPO Tentative Dates
| Event | Tentative Date |
| Opening Date | Mar 2, 2021 |
| Closing Date | Mar 4, 2021 |
| Basis of Allotment | Mar 9, 2021 |
| Initiation of Refunds | Mar 10, 2021 |
| Credit of Shares to Demat | Mar 12, 2021 |
| Listing Date | Mar 15, 2021 |
| UPI Mandate Confirmation Cut-Off Time | 5.00 PM on the issue closing day |
Industry Overview
The Augmented Reality (AR) and Virtual Reality (VR) industry is a rapidly growing and evolving sector that has seen significant advancements in recent years. AR and VR technologies are increasingly being adopted across various industries, including gaming, entertainment, education, healthcare, and retail, among others.
According to a report by MarketsandMarkets, the global AR and VR market size is projected to grow from USD 6.1 billion in 2020 to USD 97.4 billion by 2025, at a compound annual growth rate (CAGR) of 65.4% during the forecast period.
Company Financials
Summary of financial Information (Restated Consolidated)
| Particulars | For the year/period ended (₹ in lakhs) | |||
| 31-Dec-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |
| Total Assets | 67.92 | 4.05 | 1.66 | 1.67 |
| Total Revenue | 17.27 | 10.45 | – | – |
| Profit After Tax | 5.60 | 1.88 | (0.06) | (0.20) |
Objects of the Issue
The IPO aims to raise money for the following purposes;
- To fund the equipment purchase.
- To take marketing initiatives.
- To meet general corporate purposes.
ADJIA Technologies IPO Prospectus
Company Contact Information
ADJIA Technologies Limited
102, Fairdeal House, Opp. Xaviers Ladies Hostel,
Swastik Char Rasta, Navrangpura
Ahmedabad – 380 009
Phone: +91-87800-38297
Email: info@adjiatechnologies.com
Website: http://www.adjiatechnologies.com/
ADJIA Technologies IPO Registrar
KFin Technologies Limited
Phone: 04067162222, 04079611000
Email: adjia.ipo@kfintech.com
Website: https://karisma.kfintech.com/
ADJIA Technologies IPO Lead Manager(s)
- SHRENI SHARES PRIVATE LIMITED (Past IPO Performance)
