Fixed Price IPO | ₹4 Cr | Listed at NSE SME | Thu, Feb 14, 2019 - Wed, Feb 20, 2019
Mindpool Technologies IPO is a fixed price issue of ₹3.60 crores. The issue is entirely a fresh issue of 0.12 crore shares of ₹3.60 crore.
Mindpool Technologies IPO bidding started from Feb 14, 2019 and ended on Feb 20, 2019. The shares got listed on NSE SME on Feb 28, 2019.
Mindpool Technologies 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.
Hem Securities 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 Hem Finlease Pvt.Ltd..
Refer to Mindpool Technologies IPO RHP for detailed Information.
IPO Open
Thu, Feb 14, 2019
IPO Close
Wed, Feb 20, 2019
Issue Price
₹30 per share
Market Cap (Pre-IPO)
₹12.71 Cr
| IPO Date | 14 to 20 Feb, 2019 |
| Listed on | Thu, Feb 28, 2019 |
| 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 | 12,00,000 shares (agg. up to ₹4 Cr) |
| Reserved for Market Maker | 64,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.1920 Cr) |
| Fresh Issue (Ex Market Maker) | 11,36,000 shares (agg. up to ₹3 Cr) |
| Net Offered to Public | 11,36,000 shares (agg. up to ₹3 Cr) |
| Share Holding Pre Issue | 30,37,500 shares |
| Share Holding Post Issue | 42,37,500 shares |
| NSE Symbol | MINDPOOL |
| ISIN | INE00RQ01019 |
Mindpool Technologies IPO comprises a total issue size of 12,00,000 shares. The net offer to the public is 11,36,000 shares, after excluding 64,000 shares allotted on a firm basis. Of the Net offer 5,68,000 (50.00%) allocated to NII 5,68,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 5,68,000 | 50.00% | 47.33% |
| Retail Shares Offered | 5,68,000 | 50.00% | 47.33% |
| Firm Reservations | |||
| Market Maker Shares Offered | 64,000 | 5.33% | |
| Total Shares Offered | 12,00,000 | 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 2011, Mindpool Technologies Limited is a Pune based company engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions, and Corporate Training Services. The company offers these services across industries including automotive and engineering, banking and financial services, healthcare, retail, telecom, and Entertainment in India and US.
As of March 31, 2018, the company has served 22 clients. Some of the key clients of the company include Clairvoyant India Private Limited, Herbalife International India Private Ltd, HTC Global Services (India) Private Ltd, Inspirage Software Consulting Private Limited, and Opalforce INC etc
The company has 103 employees on its payroll.
The total revenue of the Company stood at Rs.1081.35 lakhs, Rs.2043.36 lakh, Rs.2537.77 lakhs and Rs.2078.07 lakh, for the period ended September 30, 2018, and fiscal years 2018, 2017 and 2016 respectively.
The Profit After Tax (PAT) stood at Rs. 146.20 lakhs, Rs. 163.22 lakh, Rs 129.25 lakh and Rs. (33.42) lakhs for the period ended September 30, 2018, and fiscal years 2018, 2017 and 2016 respectively.
Competitive Strengths of the Company-
1. A diverse range of services
2. Presence in the USA through a subsidiary company
3. Recurring business from established clients
| 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 | 1.90 |
| 2 | Repayment of a portion of Bank Borrowings | 0.44 |
| 3 | General Corporate Expenses | 0.33 |
| 4 | To meet the Issue Expenses | 0.93 |
The Mindpool Technologies IPO is subscribed 2.09 times on February 20, 2019 5:00:00 PM (Day 5). The public issue subscribed 1.65 times in the retail category, [.] times in the QIB category, and 2.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 2.53 | 5,68,000 | 14,36,000 |
| Retail | 1.65 | 5,68,000 | 9,40,000 |
| Total | 2.09 | 11,36,000 | 23,76,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including underwriting and selling commissions, brokerages, Printing and Stationery and postage expenses, Advertising and Marketing expenses payment to other intermediaries such as Legal Advisors, Registrars, etc | 0.90 |
| 2 | Statutory expenses | 0.03 |
| 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
Mindpool Technologies IPO is a SME IPO of 12,00,000 equity shares of the face value of ₹10 aggregating up to ₹4 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on Thu, Feb 14, 2019, and closes on Wed, Feb 20, 2019.
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 Mindpool Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in Mindpool Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Mindpool Technologies IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Mindpool Technologies IPO opens on Thu, Feb 14, 2019 and closes on Wed, Feb 20, 2019.
Mindpool Technologies IPO lot size is 4000, and the minimum amount required for application is ₹1,20,000.
You can apply in Mindpool 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 Mindpool Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the Mindpool Technologies IPO allotment status.
The Mindpool Technologies IPO listing date is on Thu, Feb 28, 2019.
