Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Canarys Automations IPO is a book build issue of ₹47.03 crores. The issue is entirely a fresh issue of 1.52 crore shares of ₹47.03 crore.
Canarys Automations IPO bidding started from Sep 27, 2023 and ended on Oct 3, 2023. The allotment for Canarys Automations IPO was finalized on Oct 6, 2023. The shares got listed on NSE SME on Oct 11, 2023.
Canarys Automations IPO price band is set at ₹31.00 per share . The lot size for an application is 4,000. The minimum amount of investment required by an retail is ₹1,16,000 (4000 shares). The minimum lot size investment for HNI is 2 lots (8,000 shares), amounting to ₹2,48,000.
Indorient Financial Services 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 Alacrity Securities Ltd..
Refer to Canarys Automations IPO RHP for detailed Information.
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | October 11, 2023 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹29 to ₹31 per share |
| Issue Price Final | ₹31 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,51,72,000 shares (aggregating up to ₹47.03 Cr) |
| Reserved for Market Maker | 7,60,000 shares Alacrity Securities Ltd. (aggregating up to ₹2.36 Cr) |
| Net Offered to Public | 1,44,12,000 shares (aggregating up to ₹44.68 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 4,10,11,920 shares |
| Share Holding Post Issue | 5,61,83,920 shares |
Canarys Automations IPO offers total 1,51,72,000 shares. Out of which 72,00,000 (47.46%) allocated to QIB, 39,68,000 (26.15%) allocated to QIB, 21,64,000 (14.26%) allocated to NII, 50,48,000 (33.27%) allocated to RII and 32,32,000 (21.30%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 7,60,000 (5.01%) |
| QIB Shares Offered | 72,00,000 (47.46%) |
| − Anchor Investor Shares Offered | 32,32,000 (21.30%) |
| − QIB (Ex. Anchor) Shares Offered | 39,68,000 (26.15%) |
| NII (HNI) Shares Offered | 21,64,000 (14.26%) |
| Retail Shares Offered | 50,48,000 (33.27%) |
| Total Shares Offered | 1,51,72,000 (100.00%) |
Canarys Automations IPO raises ₹10.02 crore from anchor investors. Canarys Automations IPO Anchor bid date is September 26, 2023. Canarys Automations IPO Anchor Investors list
| Bid Date | September 26, 2023 |
| Shares Offered | 32,32,000 |
| Anchor Portion Size (In Cr.) | 10.02 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 5, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | January 4, 2024 |
Canarys Automations IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wed, Sep 27, 2023 |
| IPO Close Date | Tue, Oct 3, 2023 |
| Tentative Allotment | Fri, Oct 6, 2023 |
| Initiation of Refunds | Mon, Oct 9, 2023 |
| Credit of Shares to Demat | Tue, Oct 10, 2023 |
| Tentative Listing Date | Wed, Oct 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Oct 3, 2023 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,24,000 |
| Retail (Max) | 1 | 4,000 | ₹1,24,000 |
| HNI (Min) | 2 | 8,000 | ₹2,48,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 1991, Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.
The company has two business verticals:
Canarys Automations' solutions span across various industry sectors, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more.
The company has provided business applications to over 1000 customers. Besides India, the company has serviced customers from more than 10 countries. These include USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Srilanka and Indonesia. These customers come from diverse industries.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 2,003.04 | 4,753.57 | 6,377.89 |
| Total Income | 2,578.22 | 5,199.93 | 7,547.28 |
| Profit After Tax | 210.42 | 455.81 | 852.51 |
| Net Worth | 1,258.17 | 1,683.44 | 2,537.91 |
| Reserves and Surplus | 546.90 | 755.40 | 1,609.87 |
| Total Borrowing | 879.33 | 1,415.61 |
The market capitalization of Canarys Automations IPO is ₹174.17 Cr.
| KPI | Values |
|---|---|
| RoNW | 31.64% |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
[Dilip Davda] CAL is a niche player in IT automation solutions and water resource management. It has posted steady growth for the reported periods of the offer document. FY23 performance indicates future prospects. It has an order book worth Rs. 57.93 cr. as of August 31, 2023. Based on its financial performances so far, though the issue appears fully priced, it is worth considering for medium to long-term rewards. Read detail review...
| Listing Date | October 11, 2023 |
| BSE Script Code | |
| NSE Symbol | CANARYS |
| ISIN | INE0QG301017 |
| Final Issue Price | ₹31 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹31.00 |
| Open | ₹43.45 |
| Low | ₹41.30 |
| High | ₹44.90 |
| Last Trade | ₹41.30 |
Canarys Automations Ltd.
No. 566 & 567, 2nd Floor, 30th Main,
Attimabbe Road, Banagirinagara,
Banashankari 3rd Stage,
Bengaluru, Karnataka, 560085
Phone: +91 98458 62780
Email: nagashree.hegde@ecanarys.com
Website: https://ecanarys.com/
MUFG Intime India Pvt.Ltd.
Phone: +91-22-4918 6270
Email: canarys.ipo@linkintime.co.in
Website: https://linkintime.co.in/Initial_Offer/public-issues.html
Canarys Automations IPO is a SME IPO of 1,51,72,000 equity shares of the face value of ₹2 aggregating up to ₹47.03 Crores. The issue is priced at ₹31 per share. The minimum order quantity is 4000.
The IPO opens on September 27, 2023, and closes on October 3, 2023.
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 Canarys Automations IPO using UPI as a payment gateway. Zerodha customers can apply in Canarys Automations IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Canarys Automations IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Canarys Automations IPO opens on September 27, 2023 and closes on October 3, 2023.
Canarys Automations IPO lot size is 4000, and the minimum amount required for application is ₹1,24,000.
You can apply in Canarys Automations 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 Canarys Automations IPO will be done on Friday, October 6, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 10, 2023. Check the Canarys Automations IPO allotment status.
The Canarys Automations IPO listing date is on Wednesday, October 11, 2023.
Useful Articles
RHP