Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
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 ₹100.00 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). The minimum lot size investment for 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 Date | June 23, 2020 to June 26, 2020 |
| Listing Date | July 6, 2020 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹100 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 4,02,000 shares (aggregating up to ₹4.02 Cr) |
| Reserved for Market Maker | 20,400 shares Shreni Shares Ltd. (aggregating up to ₹0.2040 Cr) |
| Net Offered to Public | 3,81,600 shares (aggregating up to ₹3.82 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 10,80,000 shares |
| Share Holding Post Issue | 14,82,000 shares |
ksolves India IPO offers total 4,02,000 shares. Out of which 1,90,800 (47.46%) allocated to NII, 1,90,800 (47.46%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 20,400 (5.07%) |
| NII (HNI) Shares Offered | 1,90,800 (47.46%) |
| Retail Shares Offered | 1,90,800 (47.46%) |
| Total Shares Offered | 4,02,000 (100.00%) |
Ksolves India IPO opens on June 23, 2020, and closes on June 26, 2020.
| IPO Open Date | Tue, Jun 23, 2020 |
| IPO Close Date | Fri, Jun 26, 2020 |
| Tentative Listing Date | Mon, Jul 6, 2020 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Jun 26, 2020 |
Investors can bid for a minimum of 1,200 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 | 1,200 | ₹1,20,000 |
| Retail (Max) | 1 | 1,200 | ₹1,20,000 |
| HNI (Min) | 2 | 2,400 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 166.19 | 69.08 | 53.09 | ||
| Total Revenue | 814.51 | 542.62 | 340.85 | ||
| Profit After Tax | 67.19 | 15.83 | 5.50 | ||
The Company Ksolves India IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | To Meet Working Capital Requirement | 2.80 |
| 2 | General Corporate Expenses | 0.82 |
| 3 | Public Issue Expenses | 0.40 |
[Dilip Davda] KIL's financial data is not in line with its asking price. With ongoing global scenario, it will be facing high competition and thus immediate future looks gloomy. Being aggressively priced IPO, investors may give it a miss. Read detail review...
| Listing Date | July 6, 2020 |
| BSE Script Code | |
| NSE Symbol | KSOLVES |
| ISIN | INE0D6I01015 |
| Final Issue Price | ₹100 per share |
| BSE Listing Group | ST |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹100.00 |
| Open | ₹101.95 |
| Low | ₹101.95 |
| High | ₹106.90 |
| Last Trade | ₹106.90 |
Ksolves India Ltd.
H. No. B-8/1, Ground Floor,
Saidulajab,
South Delhi,
Delhi, New Delhi, 110030
Phone: +91-0120-4163248
Email: cs@ksolves.com
Website: https://www.ksolves.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Ksolves India IPO is a SME IPO of 4,02,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200.
The IPO opens on June 23, 2020, and closes on June 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 June 23, 2020 and closes on June 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 Monday, July 6, 2020.
Useful Articles
RHP