Kody Technolab IPO

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 nameKody Technolab Limited
SectorInformation Technology
Company Websitehttps://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 date15 September 2023
IPO Closing20 September 2023
Basis of Allotment25 September 2023
Initiation Refund26 September 2023
Credit to Demat Account27 September 2023
Listing Date28 September 2023

IPO details

Issue typeFixed Price Issue IPO
IPO issue size₹27.52 Cr – 1,720,000 shares
Fresh Issue₹27.52 Cr – 1,720,000 shares
Offer for saleNil
Face value₹10 per share
Offer Price₹160 per share
Lot size800 Shares
Market Maker portion86,400 shares
Listing ExchangeBSE & NSE SME

IPO Lot Size

Retail (Min)1800₹128,000
Retail (Max)1800₹128,000
HNI (Min)21,600₹256,000

Reservation Details

Retail Shares Offered50%
Other Shares Offered50%

Financial Performance

 FY 2021FY 2022FY 2023
Net income(10.80)62.13318.09
(Amount in ₹ Lakhs)

Valuations & Margins

FY 2021FY 2022FY 2023
PE ratio22.66
RONW (%)(6.31)(56.98)67.77
ROCE (%)6.68(53.83)97.37
EBITDA (%)(1.82)17.8742.35

Company Promoters

  • Mr. Manav Subhashchandra Patel
  • Mrs. Manali Krunal Patel
  • Mrs. Pooja Sunny Patel

Promoter Holding

Pre Issue Share Holding100%
Post Issue Share Holding73.01%

Lead Manager(s)

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

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

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

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