Naapbooks Limited IPO Detail
Naapbooks is engaged in developing and providing Information Technological solutions to corporates. The company develops Fintech App, Cloud Consulting, Blockchain App, Mobile App, Web App, Embedded App products to its clients.
Companies’ services include designing, developing, operating, installing, analysing, designing, maintaining, converting, porting, debugging, coding, and programming software to be used on computers, microprocessor-based devices, or any other such hardware. The company also provides Software Consultancy services.
Competitive strengths
- Strict adherence to quality compliance standards.
- Big demand for IT and automation in India post covid.
- Adoption of latest technology.
- Experienced, qualified management and skilled resources.
- Strong customer relationship and repetitive clients.
Company Promoters
Ashish Jain, Yaman Saluja & Swati SinghIPO Details
| IPO Opening Date | Sep 01, 2021 |
| IPO Closing Date | Sep 06, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹71 - 74 per equity share |
| Market Lot | 1600 Shares |
| Min Order Quantity | 1600 Shares |
| Listing At | BSE SME |
| Issue Size | ₹3.99 Cr |
| Fresh Issue | 539,200 Eq Shares of ₹10 (aggregating up to ₹3.99 Cr) |
| Offer for Sale | - |
| Retail Portion | - |
IPO Subscription (Bidding Detail)
| AS On | QIB | SHNI | BHNI | NII | RII | TOTAL |
|---|---|---|---|---|---|---|
| Day 1 | 2.0x | - | - | 0.13x | 1.53x | 0.84x |
IPO Tentative Timetable
The Naapbooks Limited IPO open date is Sep 01, 2021, and the close date is Sep 06, 2021. The issue may list on Sep 15, 2021.
| IPO Open Date | Sep 01, 2021 |
| IPO Close Date | Sep 06, 2021 |
| Basis of Allotment Date | Sep 09, 2021 |
| Initiation of Refunds | Sep 13, 2021 |
| Credit of Shares to Demat Account | Sep 14, 2021 |
| IPO Listing Date | Sep 15, 2021 |
IPO Lot Size
The Naapbooks Limited IPO market lot size is 1600 shares. A retail-individual investor can apply for up to 1 lots (1600 shares or ₹118400).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 1600 | ₹118400 |
| Maximum | 1 | 1600 | ₹118400 |
IPO Promoter Holding
| Pre Issue Share Holding | 88.93% |
| Post Issue Share Holding |
Company Financials:
For the year/period ended (₹ in Crs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 3.40 | 2.71 | 0.47 |
| 31-Mar-20 | 1.65 | 2.25 | 0.32 |
| 31-Mar-19 | 2.05 | 2.21 | 0.14 |
Objects of the Issue:
The net proceed from the IPO will be utilized towards the following purposes;
- Funding the working capital requirements of the company.
- Funding purchases of equipment.
- Meet general corporate purposes.
- Marketing initiatives.
