IPO of gaming and blockchain company Yudis will come soon, approval from NSE

IPO News: Due to the rapidly growing user base in the blockchain AI and gaming sector, now gradually tech companies are planning to list the company in the stock market to invest in it. UD's Tech Company has even got approval from NSE.

May 25, 2023 - 18:58
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IPO of gaming and blockchain company Yudis will come soon, approval from NSE

Technology-related markets such as blockchain, AI, and gaming are growing rapidly in the country. The companies making it are also pouring money into it fast so that this technology can be spread to more and more people. But any company can invest by itself only up to a limit.
In the end, it has to raise money from the stock market by becoming a public company. One such company working in the blockchain space, Yudy's Solutions Limited, a tech company focused on blockchain, AI, and gaming, may soon come up with an IPO in the stock market.
If all goes well, Udy's Solutions Limited will become the first company in the country to come up with an Initial Public Offering (IPO) in this sector. Let us tell you that the company has also filed a draft for IPO with NSE Emerge in March this year.
After the launch of the IPO, Udy's will be the second company in the gaming sector to be listed on the stock market. Rekha Jhunjhunwala's Najara Technologies, the first company in the gaming field, is already listed in the market.
The company will bring an IPO of 27,17,600 equity shares under the fresh issue. IPO-bound Udys Solutions Ltd has received approval from the National Stock Exchange (NSE) for its small and medium enterprises (SME) IPO, according to Moneycontrol.
UD's posted a Profit After Tax (PAT) of Rs 2.75 crore in FY 22-23. The company received around 40 percent of its reported revenue from Rs.
According to Udies, by 2030, annual spending on gaming worldwide is expected to reach $76 billion. If the estimates are correct, then by FY27, the size of India's gaming sector could be up to $ 8.6 billion.

Muskan Kumawat Journalist & Writer