Fidel Softech Limited IPO Detail
Fidel Softech Limited is a LangTech Consulting company that provides technological services with local language user interfaces and user experiences. Fidel Softech Limited was incorporated in 2003 and is located in Pune, Maharashtra.
Fidel Softech offers a wide range of services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training, Software development & Cloud infrastructure support services, localisation services; such as Translation, Interpretation, Content creation, Multilingual data creation, transcription & Annotation for training AI engines, Video subtitling and other video audio services, Data engineering, testing, scripting and tooling services.
Fidel Softech Limited's customer base is spread across the globe with a presence in countries like Argentina, Belgium, China, Cyprus, Czech Republic, Dubai, Egypt, Germany, Hong Kong, Ireland, Italy, Japan, Kingdom of Saudi Arabia, Malaysia, Mauritius, Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and the United States of America.
Competitive Strengths
- Offering technology services with local language UI/ UX.
- Clients in both domestic and international markets.
- Wide Service Portfolio.
- Quality assurance.
- Leveraging the experience of our promoters.
Company Promoters
Sunil Sudhakar Kulkarni and Prachi Sunil KulkarniIPO Details
| IPO Opening Date | May 30, 2022 |
| IPO Closing Date | Jun 02, 2022 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹37 per equity share |
| Market Lot | 3000 Shares |
| Min Order Quantity | 3000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹13.51 Cr |
| Fresh Issue | ₹13.51 Cr |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 2.08x | 1.07x | 1.58x | |
| Day 2 | - | - | 2.58x | 5.97x | 4.28x | |
| Day 3 | - | - | 4.75x | 16.68x | 10.72x | |
| Day 4 | - | - | 138.34x | 67.44x | 102.89x |
IPO Tentative Timetable
The Fidel Softech Limited IPO open date is May 30, 2022, and the close date is Jun 02, 2022. The issue may list on Jun 10, 2022.
| IPO Open Date | May 30, 2022 |
| IPO Close Date | Jun 02, 2022 |
| Basis of Allotment Date | Jun 07, 2022 |
| Initiation of Refunds | Jun 08, 2022 |
| Credit of Shares to Demat Account | Jun 09, 2022 |
| IPO Listing Date | Jun 10, 2022 |
IPO Lot Size
The Fidel Softech Limited IPO market lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹111000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 3000 | ₹111000 |
| Maximum | 1 | 3000 | ₹111000 |
IPO Promoter Holding
| Pre Issue Share Holding | 98.98% |
| Post Issue Share Holding | 72.72% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 2,010.36 | 2,686.78 | 456.50 |
| 31-Mar-21 | 1,758.14 | 2,620.61 | 345.01 |
| 31-Mar-20 | 1,005.53 | 2,280.41 | 314.75 |
Objects of the Issue:
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
Fidel Softech Limited IPO Registrar:
Bigshare Services Pvt Ltd
Fidel Softech Limited IPO Lead Manager(s):
SHRENI SHARES PRIVATE LIMITED
Company Contact Information:
Fidel Softech Limited
Unit No. 202, 2nd Floor, Marisoft 3,
West Wing, Marigold Software IT Park,
Vadgaon Sheri, Pune – 411 014
