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NIKS Technology IPO is a fixed price issue of ₹2.01 crores. The issue is a combination of fresh issue of 0.00 crore shares aggregating to ₹0.6673 crores and offer for sale of 0.01 crore shares aggregating to ₹1.35 crores.
NIKS Technology IPO bidding started from Mar 19, 2021 and ended on Mar 23, 2021. The shares got listed on BSE SME on Mar 31, 2021.
NIKS Technology IPO price is ₹201.00 per share . The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,20,600 (600 shares). The minimum lot size investment for HNI is 2 lots (1,200 shares), amounting to ₹2,41,200.
Gretex Corporate Services 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 Gretex Share Broking Pvt.Ltd..
Refer to NIKS Technology IPO RHP for detailed Information.
| IPO Date | March 19, 2021 to March 23, 2021 |
| Listing Date | March 31, 2021 |
| Face Value | ₹10 per share |
| Issue Price Band | |
| Issue Price Final | ₹201 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 1,00,200 shares (aggregating up to ₹2.01 Cr) |
| Reserved for Market Maker | 5,400 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.1085 Cr) |
| Fresh Issue (Ex Market Maker) | 27,800 shares (aggregating up to ₹0.5588 Cr) |
| Offer for Sale | 67,000 shares of ₹10 (aggregating up to ₹1.35 Cr) |
| Net Offered to Public | 94,800 shares (aggregating up to ₹1.91 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 3,30,000 shares |
| Share Holding Post Issue | 3,63,200 shares |
NIKS Technology IPO offers total 1,00,200 shares. Out of which 47,400 (47.31%) allocated to NII, 47,400 (47.31%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 5,400 (5.39%) |
| NII (HNI) Shares Offered | 47,400 (47.31%) |
| Retail Shares Offered | 47,400 (47.31%) |
| Total Shares Offered | 1,00,200 (100.00%) |
NIKS Technology IPO opens on March 19, 2021, and closes on March 23, 2021.
| IPO Open Date | Fri, Mar 19, 2021 |
| IPO Close Date | Tue, Mar 23, 2021 |
| Tentative Listing Date | Wed, Mar 31, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Tue, Mar 23, 2021 |
Investors can bid for a minimum of 600 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 | 600 | ₹1,20,600 |
| Retail (Max) | 1 | 600 | ₹1,20,600 |
| HNI (Min) | 2 | 1,200 | ₹2,41,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2014, NIKS Technology Limited is an IT solution service provider company. The business offers a range of services i.e. Digital Marketing, Software Development, website development, mobile app development, and classroom training and certification courses to students via offline and online routes. Its diversified product portfolio caters to the growing demand of the IT sector.
Products and services
Competitive Strengths
| Particulars | For the year/period ended (₹ in lakh) | ||||
|---|---|---|---|---|---|
| 31-Jan-21 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 67.56 | 39.37 | 7.36 | 9.30 | |
| Total Revenue | 27.66 | 19.66 | 19.84 | 19.32 | |
| Profit After Tax | 14.31 | 8.15 | (0.18) | (0.64) | |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 119.64 |
The Company NIKS Technology 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 | Funding the working capital requirements of our Company | 0.50 |
| 2 | General Corporate Purposes | 0.04 |
[Dilip Davda] The company has posted minuscule financial track records and a major part of IPO being OFS raises concern. The issue is exorbitantly priced based on all financial parameters. Investors may skip this issue as it has long gestation for migration. Read detail review...
| Listing Date | March 31, 2021 |
| BSE Script Code | 543282 |
| NSE Symbol | |
| ISIN | INE0GX601011 |
| Final Issue Price | ₹201 per share |
| BSE Listing Group | TS |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹201.00 |
| Open | ₹202.10 |
| Low | ₹202.00 |
| High | ₹203.00 |
| Last Trade | ₹203.00 |
NIKS Technology Ltd.
Flat No. 501, Shiv Laxmi Plaza,
Opp Rajendra Nagar,
Old Bypass Main Road, Kankarbagh,
Patna, Bihar, 800020
Phone: +91 – 0612 7966249
Email: info@nikstech.com
Website: http://www.nikstech.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
NIKS Technology IPO is a SME IPO of 1,00,200 equity shares of the face value of ₹10 aggregating up to ₹2.01 Crores. The issue is priced at ₹201 per share. The minimum order quantity is 600.
The IPO opens on March 19, 2021, and closes on March 23, 2021.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE SME.
Zerodha customers can apply online in NIKS Technology IPO using UPI as a payment gateway. Zerodha customers can apply in NIKS Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in NIKS Technology IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The NIKS Technology IPO opens on March 19, 2021 and closes on March 23, 2021.
NIKS Technology IPO lot size is 600, and the minimum amount required for application is ₹1,20,600.
You can apply in NIKS Technology 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 NIKS Technology IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the NIKS Technology IPO allotment status.
The NIKS Technology IPO listing date is on Wednesday, March 31, 2021.
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