Fixed Price IPO | ₹2 Cr | Listed at BSE SME | Fri, Mar 19, 2021 - Tue, Mar 23, 2021
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Fri, Mar 19, 2021
IPO Close
Tue, Mar 23, 2021
Issue Price
₹201 per share
Market Cap (Pre-IPO)
₹7.30 Cr
| IPO Date | 19 to 23 Mar, 2021 |
| Listed on | Wed, Mar 31, 2021 |
| Face Value | ₹10 per share |
| Issue Price | ₹201 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 1,00,200 shares (agg. up to ₹2 Cr) |
| Reserved for Market Maker | 5,400 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.1085 Cr) |
| Fresh Issue (Ex Market Maker) | 27,800 shares (agg. up to ₹0.5588 Cr) |
| Offer for Sale | 67,000 shares of ₹10 (agg. up to ₹1 Cr) |
| Net Offered to Public | 94,800 shares (agg. up to ₹2 Cr) |
| Share Holding Pre Issue | 3,30,000 shares |
| Share Holding Post Issue | 3,63,200 shares |
| BSE Script Code | 543282 |
| ISIN | INE0GX601011 |
NIKS Technology IPO comprises a total issue size of 1,00,200 shares. The net offer to the public is 94,800 shares, after excluding 5,400 shares allotted on a firm basis. Of the Net offer 47,400 (50.00%) allocated to NII 47,400 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 47,400 | 50.00% | 47.31% |
| Retail Shares Offered | 47,400 | 50.00% | 47.31% |
| Firm Reservations | |||
| Market Maker Shares Offered | 5,400 | 5.39% | |
| Total Shares Offered | 1,00,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| 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 |
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
| 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 | Funding the working capital requirements of our Company | 0.50 |
| 2 | General Corporate Purposes | 0.04 |
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 119.64 | |
| Promoter Holding | 99.97% | |
| Market Cap | ₹7.30 Cr. |
The NIKS Technology IPO is subscribed 4.1 times on March 23, 2021 6:49:00 AM (Day 3). The public issue subscribed 7.21 times in the retail category, [.] times in the QIB category, and 0.99 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.99 | 50,100 | 49,800 |
| Retail | 7.21 | 50,100 | 3,61,200 |
| Total | 4.1 | 1,00,200 | 4,11,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager (including underwriting fees) | 0.24 |
| 2 | Fees payable to Registrar to the Issue | 0.01 |
| 3 | Fees to the legal advisor | 0.02 |
| 4 | Advertising expenses | 0.02 |
| 5 | Fees payable to regulators including stock exchanges | 0.03 |
| 6 | Printing and distribution expenses | 0.02 |
| 7 | Statutory & Other Reports | 0.02 |
| 8 | Others, if any (including commission and processing fees for SCSBs | 0.03 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹201.00 |
| Open | ₹202.10 |
| Low | ₹202.00 |
| High | ₹203.00 |
| Last Trade | ₹203.00 |
Lead Manager Reports
NIKS Technology IPO is a SME IPO of 1,00,200 equity shares of the face value of ₹10 aggregating up to ₹2 Crores. The issue is priced at ₹201 per share. The minimum order quantity is 600.
The IPO opens on Fri, Mar 19, 2021, and closes on Tue, Mar 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 Fri, Mar 19, 2021 and closes on Tue, Mar 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 Wed, Mar 31, 2021.
