26 MAY 2023
By: SAMIRA SIDDIQUI
Yudiz Solutions Ltd, a gaming-focused technology company has received approval from NSE for a Small and Medium Enterprise IPO (Initial Public Offering).
Yudiz Solutions would invest over Rs. 80 crore to build a gaming studio and multi-game platform.
Yudiz Game Studio has already created games like BFK Warzone & Phonics Museum and is set to focus on producing high-quality games.
With the development of its own publishing platform, the company will now be among the first game developers to release over 40 games a year.
The company has a PAT (profit after tax) of Rs 2.75 crore with a CAGR (Compound annual growth rate) of 42.34% over the last three years.
Bharat Patel, chairman of the company said, "The new business venture will provide resources to drive innovation, expand game portfolio, enhance gaming experience, and attract talent."