Kody Technolab Limited IPO Detail
Incorporated in 2017, Kody Technolab Limited provides software development services to a diverse set of industries.
The company provides Staff Augmentation, ML Development, AR Development and Implementation, Enterprise Mobility, CX Strategy and Design, Digital Transformation, Business Analytics and intelligence, Artificial Intelligence Robotics IT Consulting, Mobile and Web App Development, Internet of Things (IoT) services, and IT consulting services.
As of June 2023, the Company has over 106 employees, comprising developers, designers, project managers, and quality assurance specialists.
For the year ended March 31, 2023, Kody Tech's Total Income and Restated Profit after tax were Rs. 1109.10 Lakhs and Rs. 318.09 Lakhs. For the year ended March 31, 2022, the company's Total Income and Restated Profit after tax were Rs. 384.20 Lakhs and Rs. 62.13 Lakhs, as compared to the Total Income and Restated Profit after tax of Rs. 248.16 Lakhs and Rs. (10.80) Lakhs respectively, over the previous year ended i.e. March 31, 2021.
Company Promoters
Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel and Mrs. Pooja Sunny Patel are the promoters of the company.IPO Details
| IPO Opening Date | Sep 15, 2023 |
| IPO Closing Date | Sep 20, 2023 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹160 per equity share |
| Market Lot | 800 Shares |
| Min Order Quantity | 800 Shares |
| Listing At | NSE SME |
| Issue Size | ₹27.52 Cr |
| Fresh Issue | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
| Offer for Sale | - |
| Retail Portion | 50% |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | - | - | 0.63x | 1.94x | 1.29x | |
| Day 2 | - | - | 2.89x | 14.06x | 8.50x | |
| Day 3 | - | - | 41.17x | 53.56x | 51.55x |
IPO Tentative Timetable
The Kody Technolab Limited IPO open date is Sep 15, 2023, and the close date is Sep 20, 2023. The issue may list on Sep 28, 2023.
| IPO Open Date | Sep 15, 2023 |
| IPO Close Date | Sep 20, 2023 |
| Basis of Allotment Date | Sep 25, 2023 |
| Initiation of Refunds | Sep 26, 2023 |
| Credit of Shares to Demat Account | Sep 27, 2023 |
| IPO Listing Date | Sep 28, 2023 |
IPO Lot Size
The Kody Technolab Limited IPO market lot size is 800 shares. A retail-individual investor can apply for up to 1 lots (800 shares or ₹128000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 800 | ₹128000 |
| Maximum | 1 | 800 | ₹128000 |
IPO Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.01% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-22 | 238.04 | 384.20 | 62.13 |
| 31-Mar-23 | 1452.55 | 1109.10 | 318.09 |
Objects of the Issue:
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- Funding Capital Expenditure toward setting up a development center at Gift City, Gandhinagar.
- Funding incremental Working Capital Requirement of the company.
- Repayment/ prepayment of certain borrowings availed by the company.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Kody Technolab Limited IPO Registrar:
KFin Technologies Limited
Kody Technolab Limited IPO Lead Manager(s):
Beeline Capital Advisors Pvt Ltd
Company Contact Information:
Kody Technolab Limited
2nd Floor, Block-J, Safal Monde Near Iscon Mall, Near Rajpathclub, S.G Highway
Bodakdev
Ahmedabad
