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Yudiz Solutions Limited has been approved by the NSE for a SME IPO. The company is focusing on blockchain, AI, and gaming. The company will invest around 80 million INR in a gaming platform and studio. The studio will produce 40 or more games per year.
Yudiz Solutions Limited will be the first game developer to have its own publishing platform and be listed publicly. It is already well known for developing apps.
The DRHP is the first Indian game developer to be listed publicly.
The studio will produce more than 40 games per year
The first public listing of game developers
The new Yudiz Solutions Limited studio will be focusing on high-quality games that can be played across multiple platforms. Yudiz Solutions Limited will use its cutting-edge technologies and expertise in-house to develop and design these games. The company will also create games for other publishers, and allow other developers the opportunity to publish their games on its new platform. This is the only gaming company that will develop and publish both their own games and those of others.
Bharat Patel said that the new ventures would enable the sector to grow, and provide the resources necessary to drive innovation, enhance the gaming experience, and develop communities of gamers. It will also allow us to form strategic partnerships, recruit top talent, and solidify our position as strong competitors in the gaming space.
Yudiz Solutions Limited had a PAT in FY 22/23 of INR 2.75 CR, with an EBITDA for FY 22/23 of 21.77% and a CAGR for the last three years of 42.34 %. The company is planning to sell a new issue of equity shares consisting 27,17,600 with the recently approved DRHP.
Yudiz Solutions Limited, based in Ahmedabad, is a global provider of IT services in AI/ML and AR/VR, IoT, blockchain, web and mobile app development, and more. Yudiz Solutions Limited will disrupt the market through its innovative products and solutions. Yudiz Solutions Limited has clients such as MPL, Zydus RR Kabel, IRM Energy and SportsBuzz.
