Fixed Price IPO | ₹10 Cr | Listed at NSE SME | Wed, Sep 30, 2020 - Mon, Oct 5, 2020
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Wed, Sep 30, 2020
IPO Close
Mon, Oct 5, 2020
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹35.92 Cr
| IPO Date | 30 Sep to 5 Oct, 2020 |
| Listed on | Tue, Oct 13, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 24,36,000 shares (agg. up to ₹10 Cr) |
| Reserved for Market Maker | 1,23,000 shares NNM Securities Pvt.Ltd. (agg. up to ₹0.5166 Cr) |
| Fresh Issue (Ex Market Maker) | 23,13,000 shares (agg. up to ₹10 Cr) |
| Net Offered to Public | 23,13,000 shares (agg. up to ₹10 Cr) |
| Share Holding Pre Issue | 61,15,200 shares |
| Share Holding Post Issue | 85,51,200 shares |
| NSE Symbol | AAATECH |
| ISIN | INE0D0U01013 |
AAA Technologies IPO comprises a total issue size of 24,36,000 shares. The net offer to the public is 23,13,000 shares, after excluding 1,23,000 shares allotted on a firm basis. Of the Net offer 11,55,000 (49.94%) allocated to NII 11,58,000 (50.06%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 11,55,000 | 49.94% | 47.41% |
| Retail Shares Offered | 11,58,000 | 50.06% | 47.54% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,23,000 | 5.05% | |
| Total Shares Offered | 24,36,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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.
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The AAA Technologies IPO is subscribed 2.39 times on October 5, 2020 5:00:03 PM (Day 3). The public issue subscribed 2.31 times in the retail category, [.] times in the QIB category, and 2.47 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.47 | 11,56,500 | 28,56,000 |
| Retail | 2.31 | 11,56,500 | 26,76,000 |
| Total | 2.39 | 23,13,000 | 55,32,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Issue Management fees including fees and payment to Merchant banker and other intermediaries such as Legal Advisors, Registrars, Bankers, market making feesandother out of pocket expenses. | 0.32 |
| 2 | Brokerage and Selling Commission, Underwriting Commission, RTAs and CDPs | 0.21 |
| 3 | Advertisement, Printing & Stationery, Marketing Expenses, etc. | 0.04 |
| 4 | Listing Fees, Market Regulatory & Other Expenses | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹44.50 |
| Low | ₹42.30 |
| High | ₹44.60 |
| Last Trade | ₹43.60 |
Lead Manager Reports
AAA Technologies IPO is a SME IPO of 24,36,000 equity shares of the face value of ₹10 aggregating up to ₹10 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Wed, Sep 30, 2020, and closes on Mon, Oct 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 Wed, Sep 30, 2020 and closes on Mon, Oct 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 Mon, Oct 12, 2020. Check the AAA Technologies IPO allotment status.
The AAA Technologies IPO listing date is on Tue, Oct 13, 2020.
