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Yudiz Solutions files draft papers for IPO Gaming
Mrinal Gujare
Posted on 23 Mar, 2023
By Mrinal Gujare
On 23 Mar, 2023
By Mrinal Gujare
On 23 Mar, 2023

Game Development Firm Yudiz Solutions Files Draft For IPO

Yudiz Solutions Limited, a blockchain, artificial intelligence and game development company 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 Ltd. 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 Limited 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, & CEO Chirag Leuva. Overseen by key promoter, Suraj Chokhani, Founder, of Ability Games, the company comprises a team of 400+ young minds and adept mentors who have catered and delivered over 6000+ projects for several prominent clients globally.

Yudiz Solutions files draft papers for IPO

Game development brand, Yudiz files for IPO

Of late the company collaborated with one of India’s biggest telecommunication companies whereby trending technologies and innovative advancement in the gaming and advertising industry will be implemented. Yudiz has accomplished multiple collaborations by adapting and utilizing their state-of-the-art technologies. Elementary contribution and sustainable development are their core beliefs which Yudiz follow traditionally as their crucial practice. Their abstract thinking has enabled them to synergize technologies and offer scalable solutions, hence have received recognition by several respected communities presently.

ALSO READ: Union Budget 2023: Everything On The Online Gaming Industry

About Yudiz Solutions

Incorporated in 2011. Yudiz Solutions (“Yudiz”) is a leading Blockchain, Artificial Intelligence and Game development company creating stellar enterprise solutions through synergized trending technologies. It is headquartered in Ahmedabad, India and provides services all over the world. As a global IT services provider and consultant, they are recognized for cutting-edge solutions in Web and Mobile app development, AI/ML, AR/VR, IoT, as well as Blockchain.

Yudiz is highly recognised for delivering scalable, cost-effective solutions through state-of-the-art technology and effective team collaboration to emerging IT companies beyond the Gaming space, including Healthcare, Ed-Tech, Fin-Tech, Human Resources, Social Networks, F&B, and Supply Chain. They have been conferred with titles like Emerging MSME in Gaming and Mobile Solutions by Economic Times, Best Game Development Company at Gamexx, and Best Blockchain Studio at Global Awards organized by Entrepreneur India.

The company has a determined team of 400+ young minds that are led by a plethora of industry experts. They have successfully designed, developed, and delivered 6000+ projects by implementing a strong, well-researched, and agile approach as well as methodologies. Their future goals include expanding their business both in terms of infrastructure and human resources, Utilizing innovative technologies to provide solutions in trending technologies Metaverse and Web 3.0, as well as Introducing their own products making them a significant contributor for the industry at a global level.

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