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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 ₹30.00 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). The minimum lot size investment for 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 Date | February 14, 2019 to February 20, 2019 |
| Listing Date | February 28, 2019 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹30 per share |
| Lot Size | 4,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 12,00,000 shares (aggregating up to ₹3.60 Cr) |
| Reserved for Market Maker | 64,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.1920 Cr) |
| Net Offered to Public | 11,36,000 shares (aggregating up to ₹3.41 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 30,37,500 shares |
| Share Holding Post Issue | 42,37,500 shares |
Mindpool Technologies IPO offers total 12,00,000 shares. Out of which 5,68,000 (47.33%) allocated to NII, 5,68,000 (47.33%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 64,000 (5.33%) |
| NII (HNI) Shares Offered | 5,68,000 (47.33%) |
| Retail Shares Offered | 5,68,000 (47.33%) |
| Total Shares Offered | 12,00,000 (100.00%) |
Mindpool Technologies IPO opens on February 14, 2019, and closes on February 20, 2019.
| IPO Open Date | Thu, Feb 14, 2019 |
| IPO Close Date | Wed, Feb 20, 2019 |
| Tentative Listing Date | Thu, Feb 28, 2019 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Feb 20, 2019 |
Investors can bid for a minimum of 4,000 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 | 4,000 | ₹1,20,000 |
| Retail (Max) | 1 | 4,000 | ₹1,20,000 |
| HNI (Min) | 2 | 8,000 | ₹2,40,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 1,556.36 | 1,393.26 | 1,679.83 | 1,315.05 | ||
| Total Revenue | 1,081.35 | 2,043.36 | 2,537.77 | 2,078.07 | ||
| Profit After Tax | 146.19 | 163.22 | 129.25 | (33.42) | ||
The Company Mindpool Technologies 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 | 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 |
[Dilip Davda] <p>MTL is in IT solution and staffing business which is providing ample opportunities for growth. It has sound financial track record. Issue is priced reasonably. However, stagnancy in top line for last one and half year performance raises concern. Investors may consider investment for long term. </p> Read detail review...
| Listing Date | February 28, 2019 |
| BSE Script Code | |
| NSE Symbol | MINDPOOL |
| ISIN | INE00RQ01019 |
| Final Issue Price | ₹30 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹30.00 |
| Open | ₹30.00 |
| Low | ₹28.50 |
| High | ₹30.00 |
| Last Trade | ₹28.50 |
Mindpool Technologies Ltd.
Unit No. 102/9 1st Floor, Building
Building „C‟, Pune IT Park
Bopodi
Pune, Maharashtra, 411020
Phone: 020 66240088
Email: info@mindpooltech.com
Website: http://www.mindpooltech.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Mindpool Technologies IPO is a SME IPO of 12,00,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000.
The IPO opens on February 14, 2019, and closes on February 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 February 14, 2019 and closes on February 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 Thursday, February 28, 2019.
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