Fixed Price IPO | ₹8 Cr | Listed at NSE SME | Fri, Sep 16, 2022 - Tue, Sep 20, 2022
Kandarp Digi Smart BPO IPO is a fixed price issue of ₹8.10 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹8.10 crore.
Kandarp Digi Smart BPO IPO bidding started from Sep 16, 2022 and ended on Sep 20, 2022. The allotment for Kandarp Digi Smart BPO IPO was finalized on Sep 23, 2022. The shares got listed on NSE SME on Sep 28, 2022.
Kandarp Digi Smart BPO IPO price is ₹30 per share. The lot size for an application is 4,000. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (4000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (8,000 shares), amounting to ₹2,40,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Skyline Financial Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Sunflower Broking Pvt.Ltd..
Refer to Kandarp Digi Smart BPO IPO RHP for detailed Information.
IPO Open
Fri, Sep 16, 2022
IPO Close
Tue, Sep 20, 2022
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹26.92 Cr
| IPO Date | 16 to 20 Sep, 2022 |
| Listed on | Wed, Sep 28, 2022 |
| Face Value | ₹10 per share |
| Issue Price | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 27,00,000 shares (agg. up to ₹8 Cr) |
| Reserved for Market Maker | 1,40,000 shares Sunflower Broking Pvt.Ltd. (agg. up to ₹0.4200 Cr) |
| Fresh Issue (Ex Market Maker) | 25,60,000 shares (agg. up to ₹8 Cr) |
| Net Offered to Public | 25,60,000 shares (agg. up to ₹8 Cr) |
| Share Holding Pre Issue | 62,73,000 shares |
| Share Holding Post Issue | 89,73,000 shares |
| NSE Symbol | KANDARP |
| ISIN | INE0MOT01016 |
Kandarp Digi Smart BPO IPO comprises a total issue size of 27,00,000 shares. The net offer to the public is 25,60,000 shares, after excluding 1,40,000 shares allotted on a firm basis. Of the Net offer 12,80,000 (50.00%) allocated to NII 12,80,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 12,80,000 | 50.00% | 47.41% |
| Retail Shares Offered | 12,80,000 | 50.00% | 47.41% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,40,000 | 5.19% | |
| Total Shares Offered | 27,00,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 4,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Incorporated in 2001, Kandarp Digi Smart BPO Limited is engaged in BPO services specializing in the area of support services solutions. The company provides a wide range of support services such as Call Centre, Contact Point Verifications, Site Visits, Document check/Pickup, E-KYC, Skip Tracing, Employee Back Check, Staffing Solutions, Payroll Management, Payment Collections (soft), AMC Booking Services etc. to its clients and specializes in providing End to End solutions to customers/clients.
The company has been in the current business line for more than 20 years and the client lists include various banks, insurance companies, financial service companies, etc. The company also helps clients with voice support services, field support services and Back Office Processing Services to provide a comprehensive range of services across all industry sectors to clients who need specialist assistance.
Kandarp Digi Smart BPO Limited has a Distribution Network all over India covering most parts of India and providing services across all cities of India.
Strengths :
| Period Ended | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 | 31 Mar 2019 |
|---|---|---|---|---|
| Assets | 18.60 | 17.20 | 11.91 | 9.28 |
| Total Income | 12.88 | 10.54 | 10.13 | 11.07 |
| Profit After Tax | 0.94 | 0.11 | 1.12 | 1.48 |
| NET Worth | 7.86 | 7.01 | 6.90 | 5.78 |
| Reserves and Surplus | 1.59 | 6.31 | 6.20 | 5.09 |
| 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 Meet Working Capital Requirement | 6.00 |
| 2 | General Corporate Expenses | 1.10 |
| KPI | |
|---|---|
| ROE | 12.65 |
| ROCE | 19.9 |
| Debt/Equity | 0.38 |
| RoNW | 11.97 |
| PAT Margin | 7.30% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 1.50 | |
| P/E (x) | 28.57 | |
| Promoter Holding | 100% | 69.91% |
| Market Cap | ₹26.92 Cr. |
The Kandarp Digi Smart BPO IPO is subscribed 1.84 times on September 20, 2022 7:00:00 PM (Day 3). The public issue subscribed 2.8 times in the retail category, [.] times in the QIB category, and 0.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.88 | 12,80,000 | 11,32,000 |
| Retail | 2.8 | 12,80,000 | 35,80,000 |
| Total | 1.84 | 25,60,000 | 47,12,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.25 |
| 2 | Brokerage, selling, commission and upload fees | 0.05 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.02 |
| 5 | Advertising and Marketing expenses | 0.03 |
| 6 | Regulators including stock exchanges | 0.04 |
| 7 | Printing and distribution of issue stationery | 0.02 |
| 8 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.59 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹30.00 |
| Last Trade | ₹28.50 |
Lead Manager Reports
Kandarp Digi Smart BPO IPO is a SME IPO of 27,00,000 equity shares of the face value of ₹10 aggregating up to ₹8 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Fri, Sep 16, 2022, and closes on Tue, Sep 20, 2022.
Skyline Financial 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 Kandarp Digi Smart BPO IPO using UPI as a payment gateway. Zerodha customers can apply in Kandarp Digi Smart BPO IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kandarp Digi Smart BPO IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kandarp Digi Smart BPO IPO opens on Fri, Sep 16, 2022 and closes on Tue, Sep 20, 2022.
Kandarp Digi Smart BPO IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Kandarp Digi Smart BPO 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 Kandarp Digi Smart BPO IPO will be done on Friday, September 23, 2022, and the allotted shares will be credited to your demat account by Tue, Sep 27, 2022. Check the Kandarp Digi Smart BPO IPO allotment status.
The Kandarp Digi Smart BPO IPO listing date is on Wed, Sep 28, 2022.
