Fixed Price IPO | ₹13 Cr | Listed at NSE SME | Mon, May 30, 2022 - Thu, Jun 2, 2022
Fidel Softech IPO is a fixed price issue of ₹13.50 crores. The issue is entirely a fresh issue of 0.36 crore shares of ₹13.50 crore.
Fidel Softech IPO bidding started from May 30, 2022 and ended on Jun 2, 2022. The allotment for Fidel Softech IPO was finalized on Jun 7, 2022. The shares got listed on NSE SME on Jun 10, 2022.
Fidel Softech IPO price is ₹37 per share. The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (6,000 shares), amounting to ₹2,22,000.
Shreni Shares Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Shreni Shares Ltd..
Refer to Fidel Softech IPO RHP for detailed Information.
IPO Open
Mon, May 30, 2022
IPO Close
Thu, Jun 2, 2022
Issue Price
₹37 per share
Market Cap (Pre-IPO)
₹50.88 Cr
| IPO Date | 30 May to 2 Jun, 2022 |
| Listed on | Fri, Jun 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 36,48,000 shares (agg. up to ₹13 Cr) |
| Reserved for Market Maker | 1,86,000 shares Shreni Shares Ltd. (agg. up to ₹0.6882 Cr) |
| Fresh Issue (Ex Market Maker) | 34,62,000 shares (agg. up to ₹13 Cr) |
| Net Offered to Public | 34,62,000 shares (agg. up to ₹13 Cr) |
| Share Holding Pre Issue | 1,01,02,560 shares |
| Share Holding Post Issue | 1,37,50,560 shares |
| NSE Symbol | FIDEL |
| ISIN | INE0LQQ01019 |
Fidel Softech IPO comprises a total issue size of 36,48,000 shares. The net offer to the public is 34,62,000 shares, after excluding 1,86,000 shares allotted on a firm basis. Of the Net offer 17,31,000 (50.00%) allocated to NII 17,31,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 17,31,000 | 50.00% | 47.45% |
| Retail Shares Offered | 17,31,000 | 50.00% | 47.45% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,86,000 | 5.10% | |
| Total Shares Offered | 36,48,000 | 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 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Fidel Softech Limited is a LangTech Consulting company that provides technological services with local language user interfaces and user experiences. Fidel Softech Limited was incorporated in 2003 and is located in Pune, Maharashtra.
Fidel Softech offers a wide range of services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training, Software development & Cloud infrastructure support services, localisation services; such as Translation, Interpretation, Content creation, Multilingual data creation, transcription & Annotation for training AI engines, Video subtitling and other video audio services, Data engineering, testing, scripting and tooling services.
Fidel Softech Limited's customer base is spread across the globe with a presence in countries like Argentina, Belgium, China, Cyprus, Czech Republic, Dubai, Egypt, Germany, Hong Kong, Ireland, Italy, Japan, Kingdom of Saudi Arabia, Malaysia, Mauritius, Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and the United States of America.
Competitive Strengths
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|
| Assets | 20.10 | 17.58 | 10.06 |
| Total Income | 26.87 | 26.21 | 22.80 |
| Profit After Tax | 4.57 | 3.45 | 3.15 |
| NET Worth | 14.88 | 10.32 | 6.87 |
| Reserves and Surplus | 4.78 | 10.06 | 6.61 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding working capital requirements | 9.43 |
| 2 | General corporate purposes | 2.70 |
| KPI | |
|---|---|
| Debt/Equity | 0.11 |
| RoNW | 30.68% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 4.52 | |
| P/E (x) | 11.15 | |
| Promoter Holding | 98.98% | 72.72% |
| Market Cap | ₹50.88 Cr. |
The Fidel Softech IPO is subscribed 102.89 times on June 2, 2022 5:00:00 PM (Day 4). The public issue subscribed 67.44 times in the retail category, [.] times in the QIB category, and 138.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 138.34 | 17,31,000 | 23,94,72,000 |
| Retail | 67.44 | 17,31,000 | 11,67,30,000 |
| Total | 102.89 | 34,62,000 | 35,62,02,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead manager(s) fees including underwriting commission | 0.74 |
| 2 | Brokerage, selling commission and upload fees | 0.00 |
| 3 | Registrars to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and marketing expenses | 0.40 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationary | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.14 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹59.10 |
| Low | ₹59.10 |
| High | ₹62.05 |
| Last Trade | ₹62.05 |
Lead Manager Reports
Fidel Softech IPO is a SME IPO of 36,48,000 equity shares of the face value of ₹10 aggregating up to ₹13 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on Mon, May 30, 2022, and closes on Thu, Jun 2, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Fidel Softech IPO using UPI as a payment gateway. Zerodha customers can apply in Fidel Softech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fidel Softech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fidel Softech IPO opens on Mon, May 30, 2022 and closes on Thu, Jun 2, 2022.
Fidel Softech IPO lot size is 3000, and the minimum amount required for application is ₹1,11,000.
You can apply in Fidel Softech 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 Fidel Softech IPO will be done on Tuesday, June 7, 2022, and the allotted shares will be credited to your demat account by Thu, Jun 9, 2022. Check the Fidel Softech IPO allotment status.
The Fidel Softech IPO listing date is on Fri, Jun 10, 2022.
