Fixed Price IPO | ₹2 Cr | Listing at BSE | Mon, Jan 12, 2004 - Fri, Jan 23, 2004 P
CHAKKILAM INFOTECH IPO is a fixed issue price of ₹2.33 crores. The issue is entirely a fresh issue of 0.23 crore shares of ₹2.33 crore.
CHAKKILAM INFOTECH IPO bidding started from Jan 12, 2004 and ended on Jan 23, 2004.
CHAKKILAM INFOTECH IPO is set final issue price at ₹10 per share.
Aryaman Financial Services Ltd. is the book running lead manager and Aarthi Consultants Pvt.Ltd. is the registrar of the issue.
Refer to for detailed Information.
IPO Open
Mon, Jan 12, 2004
IPO Close
Fri, Jan 23, 2004
Issue Price
₹10 per share
Market Cap (Pre-IPO)
₹9.30 Cr
| IPO Date | 12 to 23 Jan, 2004 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Issue Price | ₹10 per share |
| Lot Size | |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE |
| Total Issue Size | 23,30,000 shares (agg. up to ₹2 Cr) |
| Fresh Issue | 23,30,000 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 69,67,000 shares |
| Share Holding Post Issue | 92,97,000 shares |
CHAKKILAM INFOTECH IPO comprises a total issue size of 23,30,000 shares. Out of which, 11,65,000 (50.00%) allocated to NII 11,65,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue |
|---|---|---|
| NII (HNI) Shares Offered | 11,65,000 | 50.00% |
| Retail Shares Offered | 11,65,000 | 50.00% |
| Total Shares Offered | 23,30,000 | 100.00% |
Incorporated in September 1998,Chakkilam Infotech Ltd. focused on general IT services and medical transcription, providing software solutions and IT outsourcing.
Renamed asCigniti Technologies Limited having undergone a strategic name change to reflect its focus on independent software testing and digital engineering services.
The company shifted its core strategic focus to software testing and quality assurance. It officially changed its name from Chakkilam Infotech Ltd. to Cigniti Technologies Limited.
Operating as a global engineering and digital assurance services company, it has expanded its footprint to 13 countries.
Services Offered:
| Period Ended | 30 Nov 2003 | 31 Mar 2003 | 31 Mar 2002 |
|---|---|---|---|
| Total Income | 2.39 | 3.25 | 3.12 |
| Profit After Tax | 0.55 | 0.71 | 0.50 |
| NET Worth | 8.72 | 8.18 | 6.55 |
| Reserves and Surplus | 1.79 | 1.22 | 0.79 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To update existing machinery consisting of hardware and software | 0.92 |
| 2 | To meet overseas marketing expenses of the company’s products | 0.93 |
| 3 | To meet working capital requirements | 0.25 |
| 4 | To meet the expenses of the Initial Public Issue | 0.23 |
| Total | 2.33 |
| KPI | Mar 31, 2003 |
|---|---|
| RoNW | 8.86% |
| Price to Book Value | 0.85 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.02 | 0.89 |
| P/E (x) | 9.85 | 11.22 |
| Promoter Holding | 100% | 74.94% |
| Market Cap | ₹9.30 Cr. |
The CHAKKILAM INFOTECH IPO IPO subscription status. Full data available on IPOMatrix.com.
| Category | Subscription (times) | Shares Offered | Shares bid for | |
|---|---|---|---|---|
| Total | - | - | - | |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fee to Lead Managers & Registrar's | 0.02 |
| 2 | Advertisement | 0.05 |
| 3 | Printing(Prospectus, Application, Etc.) | 0.05 |
| 4 | Brokerage & incidental Expenses | 0.03 |
| 5 | Listing Fee | 0.01 |
| 6 | Miscellaneous Expenses (includes cost of traveling etc.,) | 0.08 |
| Total | 0.23 |
Lead Manager Reports
CHAKKILAM INFOTECH IPO is a main-board IPO of 23,30,000 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹10 per share. The minimum order quantity is .
The IPO opens on Mon, Jan 12, 2004, and closes on Fri, Jan 23, 2004.
Aarthi Consultants Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in CHAKKILAM INFOTECH IPO using UPI as a payment gateway. Zerodha customers can apply in CHAKKILAM INFOTECH IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in CHAKKILAM INFOTECH IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The CHAKKILAM INFOTECH IPO opens on Mon, Jan 12, 2004 and closes on Fri, Jan 23, 2004.
CHAKKILAM INFOTECH IPO lot size and the minimum order quantity is not available at this time. Please check again later.
You can apply in CHAKKILAM INFOTECH 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 CHAKKILAM INFOTECH IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the CHAKKILAM INFOTECH IPO allotment status.
The CHAKKILAM INFOTECH IPO listing date is not yet announced. The tentative date of listing is .
