Yudiz Solutions files draft papers for IPO

A blockchain, artificial intelligence and game development company, Yudiz Solutions Limited 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, and 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.

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.