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If you want to earn by betting on the initial public offering (IPO), then this news can be of your use. Yudiz Solutions, a company associated with artificial intelligence and game development, has filed draft papers for (IPO). Yudiz will be the first company to be listed in the blockchain space. Whereas, Yudiz will be the next company to list in the gaming space after Rekha Jhunjhunwala-backed Nazara Technologies.
The IPO comprises a fresh issue of 27,17,600 equity shares. Whereas, Narnolia Financial Services is also the merchant banker and lead manager for the IPO. The Equity Shares offered in the IPO are proposed to be listed on the SME platform of NSE (NSE Emerge).
Yudiz said in a statement that the company is raising funds for the development, growth, branding and marketing of new products and technology. In addition the company will explore acquisitions, technology companies in India and abroad.
Incorporated in 2011 are Youdiz Chairman Bharat Patel, MD Prateek Patel and CEO Chirag Leuva. Under the supervision of Suraj Chokhani, Founder & Lead Promoter, Ability Games, the company comprises of over 400 young minds and a team of skilled consultants. Recently, the company has tied up with one of the largest telecom companies in India.