Yudiz Solutions, a gaming and blockchain company receives NSE approval
Yudiz Solutions is said to invest huge amount for establishing a game studio and multi-game platform.
Highlights
- Yudiz Game Studio will concentrate on producing top-notch games
- The gaming and blockchain company has a PAT (profit after tax) of Rs 2.75 crore in FY 22-23
A blockchain, artificial intelligence, and gaming-focused enterprise technology company called Yudiz Solutions Ltd has received approval from the National Stock Exchange (NSE) for a Small and Medium Enterprise (SME) IPO (Initial Public Offering).
Yudiz to invest Rs 80 cr currency in game studio
As per recent information, The company Yudiz Solutions, well known for developing apps, is said to invest around Rs 80 crore to establish a game studio and multi-game platform. Over 40 games will be produced annually and the company will now be among the first game developers to launch its own publishing platform and go public.
According to Yudiz, it has a PAT (profit after tax) of Rs 2.75 crore in FY 22-23 and an EBITDA( earnings before interest, taxes, depreciation, and amortisation) of 21.77 percent for the current fiscal year with a CAGR (Compound annual growth rate) of 42.34 percent over the previous three years. With the recently granted DRHP(Draft Red Herring Prospectus), the corporation will sell 27,17,600 new equity shares in the public offering.
The new Yudiz Game Studio will concentrate on producing top-notch games across several platforms. The company has already created games like BFK Warzone, Phonics Museum, and others.Furthermore, the company will provide a platform for publishers to develop and publish games on their new distribution system.
Important to expand game portfolio, said Bharat Patel
“The new business venture will foster industry growth, providing us with the necessary resources to drive innovation, expand our game portfolio, enhance the gaming experience and grow the community of gamers. It will also allow us to form strategic partnerships and attract top talent and strengthen our position as a strong competitor in the field,” said Bharat Patel, chairman and director of the company.
Yudiz Solutions Limited is set to disrupt the market with its innovative solutions and products. MPL, Zydus, RR Kabel, IRM Energy, SportsBuzz are some of its clients.
