Kody Technolab IPO will open for subscription from 15 September 2023. The company aims for an issue size of ₹27.52 Cr through this IPO.
Company Overview
| Full name | Kody Technolab Limited |
| Sector | Information Technology |
| Industry | IT-Software |
| Company Website | https://kodytechnolab.com/ |
About Company
Incorporated in 2017, Kody Technolab is in the business of software development services to a diverse set of industries. With a focus on innovation and customer satisfaction, it provides clients with custom software solutions that cater to their specific needs and requirements. The company is a full-stack development company that provides innovative and cutting-edge digital solutions to clients. It specializes in helping businesses undergo Digital Transformation by leveraging the latest technologies and trends. With a keen focus on understanding the unique challenges faced by clients, it provides customized solutions that are tailored to meet their specific needs.
Kody Technolab offers a wide range of services that include custom development, AI Consultation, and implementation, IOT Services, and IT consulting services. As of 31 March 2023, the company’s total income and restated profit after tax were INR 1109.10 Lakhs and INR 318.09 Lakhs. FY 2022, the company’s total income and restated profit after tax were INR 384.20 Lakhs and INR 62.13 Lakhs, compared to the company’s total income and restated profit after tax were INR 248.16 Lakhs and INR (10.80) Lakhs respectively, FY2021.
The Objective of the Issue
- 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.
IPO Timetable
| IPO Opening date | 15 September 2023 |
| IPO Closing | 20 September 2023 |
| Basis of Allotment | 25 September 2023 |
| Initiation Refund | 26 September 2023 |
| Credit to Demat Account | 27 September 2023 |
| Listing Date | 28 September 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹27.52 Cr – 1,720,000 shares |
| Fresh Issue | ₹27.52 Cr – 1,720,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹160 per share |
| Lot size | 800 Shares |
| Market Maker portion | 86,400 shares |
| Listing Exchange | BSE & NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
Reservation Details
| Retail Shares Offered | 50% |
| Other Shares Offered | 50% |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 248.15 | 384.01 | 1,095.24 |
| Expenses | 259.59 | 325.50 | 673.13 |
| Net income | (10.80) | 62.13 | 318.09 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (4.01) | 23.05 | 7.06 |
| PE ratio | – | – | 22.66 |
| RONW (%) | (6.31) | (56.98) | 67.77 |
| NAV | (1711.56) | (1090.28) | 13.59 |
| ROCE (%) | 6.68 | (53.83) | 97.37 |
| EBITDA (%) | (1.82) | 17.87 | 42.35 |
| Debt/Equity | (0.88) | (1.48) | 1.59 |
Company Promoters
- Mr. Manav Subhashchandra Patel
- Mrs. Manali Krunal Patel
- Mrs. Pooja Sunny Patel
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.01% |
Lead Manager(s)
BEELINE CAPITAL ADVISORS PRIVATE LIMITED
B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054
Phone: +91-79-48405357, 48406357
Email: mb@beelinemb.com
Website: www.beelinemb.com
IPO Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222
E-mail: kody.ipo@kfintech.com
Website: www.kfintech.com
Contact Details
KODY TECHNOLAB LIMITED
2nd Floor, Block-J, Safal Monde Near Iscon Mall,
Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, Gujarat-380054
Phone: +91-9377229944
E-mail: info@kodytechnolab.com
Website: www. kodytechnolab.com
Allotment Status
Kody Technolab IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.
Final thoughts
Kody Technolab IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
