Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Tue, Jun 23, 2020 - Fri, Jun 26, 2020
Ksolves India IPO is a fixed price issue of ₹4.02 crores. The issue is entirely a fresh issue of 0.04 crore shares of ₹4.02 crore.
Ksolves India IPO bidding started from Jun 23, 2020 and ended on Jun 26, 2020. The shares got listed on NSE SME on Jul 6, 2020.
Ksolves India IPO price is ₹100 per share. The lot size for an application is 1,200. The minimum amount of investment required by an individual investor (retail) is ₹1,20,000 (1200 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (2,400 shares), amounting to ₹2,40,000.
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 Ksolves India IPO RHP for detailed Information.
IPO Open
Tue, Jun 23, 2020
IPO Close
Fri, Jun 26, 2020
Issue Price
₹100 per share
Market Cap (Pre-IPO)
₹14.82 Cr
| IPO Date | 23 to 26 Jun, 2020 |
| Listed on | Mon, Jul 6, 2020 |
| Face Value | ₹10 per share |
| Issue Price | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 4,02,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 20,400 shares Shreni Shares Ltd. (agg. up to ₹0.2040 Cr) |
| Fresh Issue (Ex Market Maker) | 3,81,600 shares (agg. up to ₹4 Cr) |
| Net Offered to Public | 3,81,600 shares (agg. up to ₹4 Cr) |
| Share Holding Pre Issue | 10,80,000 shares |
| Share Holding Post Issue | 14,82,000 shares |
| NSE Symbol | KSOLVES |
| ISIN | INE0D6I01015 |
Ksolves India IPO comprises a total issue size of 4,02,000 shares. The net offer to the public is 3,81,600 shares, after excluding 20,400 shares allotted on a firm basis. Of the Net offer 1,90,800 (50.00%) allocated to NII 1,90,800 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 1,90,800 | 50.00% | 47.46% |
| Retail Shares Offered | 1,90,800 | 50.00% | 47.46% |
| Firm Reservations | |||
| Market Maker Shares Offered | 20,400 | 5.07% | |
| Total Shares Offered | 4,02,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Incorporated in 2014, Ksolves India Ltd is a software services and product company. It is engaged in providing enterprise solutions, software development, consulting, and Information Technology solutions for clients. The company works for different sectors such as Healthcare, Telecom, E-commerce, Real Estate, and Finance.
It provides digital solutions to client organizations to develop powerful applications, maintain software systems, and enhance the functionality of the software as per the business requirements. The applications created by the company include automation of routine business functions to make them accurate, faster, and easier and increase the channels for better functioning.
Ksolves has acquired Kartik Solutions Private Limited in 2019 and it has become the wholly-owned subsidiary of the company. Kartik Solutions provides IT and IT-enabled services including web, mobile, cloud, and e-commerce solutions.
The company along with its subsidiary has a presence over 30 countries and major sales (80%) from North America.
Competitive Strengths
1. Long-standing customer relationship
2. Diversified revenue from multiple reaches across the world
3. Focus on technology trend evolution
4. Diverse business across multiple industries
| Period Ended |
|---|
| 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 | 2.80 |
| 2 | General Corporate Expenses | 0.82 |
| 3 | Public Issue Expenses | 0.40 |
The Ksolves India IPO is subscribed 1.42 times on June 26, 2020 5:00:00 PM (Day 4). The public issue subscribed 0.62 times in the retail category, [.] times in the QIB category, and 2.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (x) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.22 | 1,90,800 | 4,23,600 |
| Retail | 0.62 | 1,90,800 | 1,17,600 |
| Total | 1.42 | 3,81,600 | 5,41,200 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.23 |
| 2 | Printing and Stationery and postage expenses | 0.02 |
| 3 | Advertising and Marketing expenses | 0.02 |
| 4 | Statutory and other miscellaneous expenses | 0.13 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹101.95 |
| Low | ₹101.95 |
| High | ₹106.90 |
| Last Trade | ₹106.90 |
Lead Manager Reports
Ksolves India IPO is a SME IPO of 4,02,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on Tue, Jun 23, 2020, and closes on Fri, Jun 26, 2020.
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 Ksolves India IPO using UPI as a payment gateway. Zerodha customers can apply in Ksolves India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Ksolves India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Ksolves India IPO opens on Tue, Jun 23, 2020 and closes on Fri, Jun 26, 2020.
Ksolves India IPO lot size is 1200, and the minimum amount required for application is ₹1,20,000.
You can apply in Ksolves India 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 Ksolves India IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Ksolves India IPO allotment status.
The Ksolves India IPO listing date is on Mon, Jul 6, 2020.
