Indus Net Technologies IPO Details

Bookbuilding IPO | ₹[.] Cr | Listing at NSE SME |

Indus Net Technologies IPO Logo

Indus Net Technologies Ltd. has withdrawn its Initial Public Offer (IPO) documents filed with the exchange on May 8, 2025.

Indus Net Technologies Ltd. IPO was a Book Build Issue

The equity shares were proposed to be listed on the NSE SME. Horizon Management Pvt.Ltd. was the book running lead manager and MAS Services Ltd. was the registrar of the issue.

IPO Details

IPO Date[.]
Listing Date[.]
Face Value10 per share
Price Band
Lot Size
Sale TypeFresh capital only
Issue TypeBookbuilding IPO
Listing AtNSE SME

IPO DRHP Status

DescriptionDate
Filed with SEBI/ExchangeMon, Oct 21, 2024
Offer document withdrawn
Offer document withdrawnThu, May 8, 2025

Issue Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50% of the Net Issue
Retail Shares Offered Not less than 35% of the Net Issue
NII Shares OfferedNot less than 15% of the Net Issue

About Indus Net Technologies Ltd.

Incorporated in 2007, Indus Net Technologies Limited is a full-cycle product engineering firm offering services in blockchain, web, mobile, and analytics.

The company provides website development, mobile application development, SEO consultation, digital marketing solutions, designing services, creative designing services, third-party payroll services, and payroll process outsourcing.

The company develops customized web, mobile, e-commerce, IoT, and cloud applications for sectors like banking, healthcare, and edu-tech, offering global consultation and becoming a trusted technology partner.

Service Offering:

  • Web Development / Mobile Development: The company offers end-to-end digital solutions, including custom applications, CMS, CRM, e-commerce, APIs, maintenance, and product development for scalable, connected, and future-ready businesses.
  • Dedicated Hiring: The company offers flexible engagement models, expert teams, transparent processes, and socially responsible practices to deliver reliable, high-quality digital services through its managed service pillars.
  • Mobile Development: The company builds mobile, AR/VR, gaming, and cross-platform apps, enabling real-time business access, engagement, and innovation across devices and industries using advanced technologies like QT and HTML5.
  • Product Design: The company transforms ideas into exceptional products with 27 years of expertise, offering agile, compliant, and customized development through transparent, industry-focused engagement models.

As on September 30, 2024, the company has 622 employees.

Competitive Strengths:

  • Customer Satisfaction and long-standing relationships with the customers.
  • Experienced Promoter and Management Expertise.
  • Scalable Business Model.
  • Catering to diversified industrial verticals
  • Agile engineering and delivery
 

Company Financials (Restated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets143.60140.07124.06107.27
Total Income31.00116.76110.9287.97
Profit After Tax4.2616.6414.2317.24
NET Worth122.44118.01102.3990.17
Total Borrowing1.50
Amount in ₹ Crore

IPO Objects of the Issue

The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:

# Issue Objects Est Amt (₹ Cr.)
1 Global Team Expansion 7.81
2 Investment in New Capabilities 16.03
3 Productization & Go-to-Market (GTM) Strategy 18.39
4 Investment in Existing Sales and Production Capabilities 7.07
5 General corporate purposes

Key Performance Indicator (KPI)

KPIMar 31, 2024
ROE10.53%
ROCE19.57%
RoNW15.10%
PAT Margin16.84%
Pre IPOPost IPO
Promoter Holding96.24%
Abhishek Rungta, Raghunath Prasad Rungta and Bharat Hari Berlia are the promoters of the company.

IPO Registrar

MAS Services Ltd.

Contact Details

Indus Net Technologies Ltd. Address
Module#532,
4th floor, SDF Building, Sector-V,
Salt Lake, Parganas North,
Kolkata, West Bengal, 700091
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IPO FAQs

Indus Net Technologies IPO is a SME IPO of 0 equity shares of the face value of ₹10 aggregating up to ₹[.] Crores. The issue is priced at To be declared. The minimum order quantity is .

The Indus Net Technologies IPO open and close dates are not available as of now.

MAS Services Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Indus Net Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Indus Net Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Indus Net Technologies IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Indus Net Technologies IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. Submit IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Indus Net Technologies IPO dates are not announced. Please check back again after some time.

Indus Net Technologies IPO lot size and the minimum order quantity is not available at this time. Please check again later.

You can apply in Indus Net 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 Indus Net Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Indus Net Technologies IPO allotment status.

The Indus Net Technologies IPO listing date is not yet announced. The tentative date of listing is .

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