Fixed Price IPO | ₹28 Cr | Listed at NSE SME | Fri, Sep 15, 2023 - Wed, Sep 20, 2023
Kody Technolab IPO is a fixed price issue of ₹27.52 crores. The issue is entirely a fresh issue of 0.17 crore shares of ₹27.52 crore.
Kody Technolab IPO bidding started from Sep 15, 2023 and ended on Sep 20, 2023. The allotment for Kody Technolab IPO was finalized on Sep 25, 2023. The shares got listed on NSE SME on Sep 27, 2023.
Kody Technolab IPO price is ₹160 per share. The lot size for an application is 800. The minimum amount of investment required by an individual investor (retail) is ₹1,28,000 (800 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,600 shares), amounting to ₹2,56,000.
Beeline Capital Advisors Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue. The Market Maker of the company is Spread X Securities Pvt.Ltd..
Refer to Kody Technolab IPO RHP for detailed Information.
IPO Open
Fri, Sep 15, 2023
IPO Close
Wed, Sep 20, 2023
Issue Price
₹160 per share
Market Cap (Pre-IPO)
₹101.98 Cr
| IPO Date | 15 to 20 Sep, 2023 |
| Listed on | Wed, Sep 27, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹160 per share |
| Lot Size | 800 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 17,20,000 shares (agg. up to ₹28 Cr) |
| Reserved for Market Maker | 86,400 shares Spread X Securities Pvt.Ltd. (agg. up to ₹1 Cr) |
| Fresh Issue (Ex Market Maker) | 16,33,600 shares (agg. up to ₹26 Cr) |
| Net Offered to Public | 16,33,600 shares (agg. up to ₹26 Cr) |
| Share Holding Pre Issue | 46,53,780 shares |
| Share Holding Post Issue | 63,73,780 shares |
| NSE Symbol | KODYTECH |
| ISIN | INE0Q7P01013 |
Kody Technolab IPO comprises a total issue size of 17,20,000 shares. The net offer to the public is 16,33,600 shares, after excluding 86,400 shares allotted on a firm basis. Of the Net offer 8,16,800 (50.00%) allocated to NII 8,16,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 8,16,800 | 50.00% | 47.49% |
| Retail Shares Offered | 8,16,800 | 50.00% | 47.49% |
| Firm Reservations | |||
| Market Maker Shares Offered | 86,400 | 5.02% | |
| Total Shares Offered | 17,20,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 800 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹1,28,000 |
| Retail (Max) | 1 | 800 | ₹1,28,000 |
| HNI (Min) | 2 | 1,600 | ₹2,56,000 |
Incorporated in 2017, Kody Technolab Limited provides software development services to a diverse set of industries.
The company provides Staff Augmentation, ML Development, AR Development and Implementation, Enterprise Mobility, CX Strategy and Design, Digital Transformation, Business Analytics and intelligence, Artificial Intelligence Robotics IT Consulting, Mobile and Web App Development, Internet of Things (IoT) services, and IT consulting services.
As of June 2023, the Company has over 106 employees, comprising developers, designers, project managers, and quality assurance specialists.
For the year ended March 31, 2023, Kody Tech's Total Income and Restated Profit after tax were Rs. 1109.10 Lakhs and Rs. 318.09 Lakhs. For the year ended March 31, 2022, the company's Total Income and Restated Profit after tax were Rs. 384.20 Lakhs and Rs. 62.13 Lakhs, as compared to the Total Income and Restated Profit after tax of Rs. 248.16 Lakhs and Rs. (10.80) Lakhs respectively, over the previous year ended i.e. March 31, 2021.
| Period Ended | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 14.53 | 2.38 | 1.15 |
| Total Income | 11.09 | 3.84 | 2.48 |
| Profit After Tax | 3.18 | 0.62 | -0.11 |
| NET Worth | 4.69 | -1.09 | -1.71 |
| Reserves and Surplus | 1.24 | -1.10 | -1.72 |
| Total Borrowing | 7.47 | 1.61 | 1.50 |
| 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 Capital Expenditure toward setting up development center at gift city, Gandhinagar | 2.74 |
| 2 | Funding incremental Working Capital Requirement of the Company | 12.50 |
| 3 | Repayment/ prepayment of certain borrowings availed by the Company | 5.80 |
| 4 | General Corporate Purpose | 5.98 |
| KPI | |
|---|---|
| ROE | 176.59% |
| ROCE | 97.37% |
| Debt/Equity | 1.59 |
| RoNW | 67.77% |
| PAT Margin | 29.04% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.06 | |
| P/E (x) | 22.66 | 32.06 |
| Promoter Holding | 100.00% | 73.01% |
| Market Cap | ₹101.98 Cr. |
The Kody Technolab IPO is subscribed 51.55 times on September 20, 2023 7:29:00 PM (Day 3). The public issue subscribed 53.56 times in the retail category, [.] times in the QIB category, and 41.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 41.17 | 8,16,800 | 3,36,24,000 |
| Retail | 53.56 | 8,16,800 | 4,37,44,800 |
| Total | 51.55 | 16,33,600 | 8,42,14,400 |
Total Application : 54,681
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead Manager Fees including underwriting commission | 0.21 |
| 2 | Brokerage, selling, commission and upload fees | 0.02 |
| 3 | Registrar to the issue | 0.01 |
| 4 | Legal Advisors | 0.03 |
| 5 | Advertising and Marketing expenses | 0.02 |
| 6 | Regulators including stock exchanges | 0.08 |
| 7 | Others, if any (market making, depositories, marketing fees, secretarial, peer review auditors, etc.) | 0.11 |
| 8 | Printing and distribution of issue stationery | 0.03 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹160.00 |
| Open | ₹170.00 |
| Low | ₹169.00 |
| High | ₹178.50 |
| Last Trade | ₹178.50 |
Lead Manager Reports
Kody Technolab IPO is a SME IPO of 17,20,000 equity shares of the face value of ₹10 aggregating up to ₹28 Crores. The issue is priced at ₹160 per share. The minimum order quantity is 800.
The IPO opens on Fri, Sep 15, 2023, and closes on Wed, Sep 20, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kody Technolab IPO using UPI as a payment gateway. Zerodha customers can apply in Kody Technolab IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kody Technolab IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kody Technolab IPO opens on Fri, Sep 15, 2023 and closes on Wed, Sep 20, 2023.
Kody Technolab IPO lot size is 800, and the minimum amount required for application is ₹1,28,000.
You can apply in Kody Technolab 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 Kody Technolab IPO will be done on Monday, September 25, 2023, and the allotted shares will be credited to your demat account by Wed, Sep 27, 2023. Check the Kody Technolab IPO allotment status.
The Kody Technolab IPO listing date is on Wed, Sep 27, 2023.
