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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 ₹37.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,11,000 (3000 shares). The minimum lot size investment for 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 Date | May 30, 2022 to June 2, 2022 |
| Listing Date | June 10, 2022 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹37 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 36,48,000 shares (aggregating up to ₹13.50 Cr) |
| Reserved for Market Maker | 1,86,000 shares Shreni Shares Ltd. (aggregating up to ₹0.6882 Cr) |
| Net Offered to Public | 34,62,000 shares (aggregating up to ₹12.81 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 1,01,02,560 shares |
| Share Holding Post Issue | 1,37,50,560 shares |
Fidel Softech IPO offers total 36,48,000 shares. Out of which 17,31,000 (47.45%) allocated to NII, 17,31,000 (47.45%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,86,000 (5.10%) |
| NII (HNI) Shares Offered | 17,31,000 (47.45%) |
| Retail Shares Offered | 17,31,000 (47.45%) |
| Total Shares Offered | 36,48,000 (100.00%) |
Fidel Softech IPO opens on May 30, 2022, and closes on June 2, 2022.
| IPO Open Date | Mon, May 30, 2022 |
| IPO Close Date | Thu, Jun 2, 2022 |
| Tentative Allotment | Tue, Jun 7, 2022 |
| Initiation of Refunds | Wed, Jun 8, 2022 |
| Credit of Shares to Demat | Thu, Jun 9, 2022 |
| Tentative Listing Date | Fri, Jun 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Jun 2, 2022 |
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 | ₹1,11,000 |
| Retail (Max) | 1 | 3,000 | ₹1,11,000 |
| HNI (Min) | 2 | 6,000 | ₹2,22,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 1005.5 | 2280.4 | 314.7 | 686.67 | 661.42 |
| 31-Mar-21 | 1758.1 | 2620.6 | 345 | 1031.68 | 1006.43 |
| 31-Mar-22 | 2010.3 | 2686.7 | 456.5 | 1488.01 | 477.93 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Fidel Softech IPO is ₹50.88 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.15 |
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Based on its financial track records, the issue appears fully priced. Cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review...
| Listing Date | June 10, 2022 |
| BSE Script Code | |
| NSE Symbol | FIDEL |
| ISIN | INE0LQQ01019 |
| Final Issue Price | ₹37 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹37.00 |
| Open | ₹59.10 |
| Low | ₹59.10 |
| High | ₹62.05 |
| Last Trade | ₹62.05 |
Fidel Softech Ltd.
Unit No. 202, 2nd Floor, Marisoft 3,
West Wing, Marigold Software IT Park,
Vadgaon Sheri
Pune, Maharashtra, 411014
Phone: 020 – 4900 7878
Email: investor-relations@fidelsoftech.com
Website: https://fidelsoftech.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Fidel Softech IPO is a SME IPO of 36,48,000 equity shares of the face value of ₹10 aggregating up to ₹13.50 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000.
The IPO opens on May 30, 2022, and closes on June 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 May 30, 2022 and closes on June 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 Thursday, June 9, 2022. Check the Fidel Softech IPO allotment status.
The Fidel Softech IPO listing date is on Friday, June 10, 2022.
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