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AAA Technologies IPO is a fixed price issue of ₹10.23 crores. The issue is entirely a fresh issue of 0.24 crore shares of ₹10.23 crore.
AAA Technologies IPO bidding started from Sep 30, 2020 and ended on Oct 5, 2020. The allotment for AAA Technologies IPO was finalized on Oct 8, 2020. The shares got listed on NSE SME on Oct 13, 2020.
AAA Technologies IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Chartered Finance Management Pvt.Ltd. is the book running lead manager and MUFG Intime India Pvt.Ltd. is the registrar of the issue. The market maker of the company is NNM Securities Pvt.Ltd..
Refer to AAA Technologies IPO RHP for detailed Information.
| IPO Date | September 30, 2020 to October 5, 2020 |
| Listing Date | October 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 24,36,000 shares (aggregating up to ₹10.23 Cr) |
| Reserved for Market Maker | 1,23,000 shares NNM Securities Pvt.Ltd. (aggregating up to ₹0.5166 Cr) |
| Net Offered to Public | 23,13,000 shares (aggregating up to ₹9.71 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 61,15,200 shares |
| Share Holding Post Issue | 85,51,200 shares |
AAA Technologies IPO offers total 24,36,000 shares. Out of which 11,55,000 (47.41%) allocated to NII, 11,58,000 (47.54%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,23,000 (5.05%) |
| NII (HNI) Shares Offered | 11,55,000 (47.41%) |
| Retail Shares Offered | 11,58,000 (47.54%) |
| Total Shares Offered | 24,36,000 (100.00%) |
AAA Technologies IPO opens on September 30, 2020, and closes on October 5, 2020.
| IPO Open Date | Wed, Sep 30, 2020 |
| IPO Close Date | Mon, Oct 5, 2020 |
| Tentative Allotment | Thu, Oct 8, 2020 |
| Initiation of Refunds | Fri, Oct 9, 2020 |
| Credit of Shares to Demat | Mon, Oct 12, 2020 |
| Tentative Listing Date | Tue, Oct 13, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Oct 5, 2020 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, AAA Technologies is an IT and Information Security Auditing & Consulting Company. The company offers a wide range of IT auditing services such as Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services.
Its product and service portfolio covers IT services and auditing operating systems, networking, IDS, web application, ERP, core banking, ATM, forensic, websites, computer crime investigations, etc. AAA Technologies offer its services across industries such as banking, financial institutions, insurance, NBFCs, government, Panchayats, municipalities, stockbrokers, education, Travel & Transport, Hospitality, Manufacturing, Healthcare, Power, etc.
Competitive Strengths
• Great Quality IT and IT auditing & consulting Services.
• Diversified customer base across industries.
• Strong balance sheet and profitability growth.
• Experienced promoters' team.
• Well-designed capital structure with low dependency over debt.
| Particulars | For the year/period ended (Rs in Lacs) | |||
|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 1,420.38 | 942.83 | 1002.56 | |
| Total Revenue | 1,424.74 | 1,047.49 | 1,040 | |
| Profit After Tax | 369.80 | 206.02 | 99.97 | |
The Company AAA Technologies IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Expansion and development of business operations across various cities in India | 5.54 |
| 2 | Working Capital Requirements (includingBank Guarantee) | 3.93 |
| 3 | General Corporate purposes | 0.06 |
[Dilip Davda] ATL has posted growth in bottom lines for the last three fiscals. On the basis of P/E and P/BV parameters, the issue appears reasonably priced. Being the first mover in the segment, this issue may get fancy post listing. Investors may consider an investment with a long term perspective. Read detail review...
| Listing Date | October 13, 2020 |
| BSE Script Code | |
| NSE Symbol | AAATECH |
| ISIN | INE0D0U01013 |
| Final Issue Price | ₹42 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹44.50 |
| Low | ₹42.30 |
| High | ₹44.60 |
| Last Trade | ₹43.60 |
AAA Technologies Ltd.
278-280, F Wing, Solaris 1, Saki Vihar Road
Opp. L&T Gate No. 6, Powai
Andheri East,
Mumbai, Maharashtra, 400072
Phone: +91-22-28573815/16
Email: info@aaatechnologies.co.in
Website: http://www.aaatechnologies.co.in
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: aaa.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
AAA Technologies IPO is a SME IPO of 24,36,000 equity shares of the face value of ₹10 aggregating up to ₹10.23 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on September 30, 2020, and closes on October 5, 2020.
MUFG Intime India Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in AAA Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in AAA Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AAA Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The AAA Technologies IPO opens on September 30, 2020 and closes on October 5, 2020.
AAA Technologies IPO lot size is 3000, and the minimum amount required for application is ₹1,26,000.
You can apply in AAA Technologies IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for AAA Technologies IPO will be done on Thursday, October 8, 2020, and the allotted shares will be credited to your demat account by Monday, October 12, 2020. Check the AAA Technologies IPO allotment status.
The AAA Technologies IPO listing date is on Tuesday, October 13, 2020.
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