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Fidel Softech IPO is a fixed price issue of Rs 13.51 crores. The issue is entirely a fresh issue of 36.5 lakh shares.
Fidel Softech IPO bidding started from May 30, 2022 and ended on June 2, 2022. The allotment for Fidel Softech IPO was finalized on Tuesday, June 7, 2022. The shares got listed on NSE SME on June 10, 2022.
Fidel Softech IPO price is ₹37 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹111,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹222,000.
Shreni Shares Limited is the book running lead manager of the Fidel Softech IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Fidel Softech IPO RHP for detailed information.
| IPO Date | May 30, 2022 to June 2, 2022 |
| Listing Date | June 10, 2022 |
| Face Value | ₹10 per share |
| Price | ₹37 per share |
| Lot Size | 3000 Shares |
| Total Issue Size | 3,650,000 shares (aggregating up to ₹13.51 Cr) |
| Fresh Issue | 3,650,000 shares (aggregating up to ₹13.51 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 10,102,560 |
| Share holding post issue | 13,750,560 |
| Market Maker portion | 186,000 shares |
Fidel Softech IPO offers 3,648,000 shares. 1,731,000 (47.45%) to NII, 1,731,000 (47.45%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 186,000 (5.10%) |
| Other Shares Offered | 1,731,000 (47.45%) |
| Retail Shares Offered | 1,731,000 (47.45%) |
| Total Shares Offered | 3,648,000 (100%) |
Fidel Softech IPO opens on May 30, 2022, and closes on June 2, 2022.
| IPO Open Date | Monday, May 30, 2022 |
| IPO Close Date | Thursday, June 2, 2022 |
| Basis of Allotment | Tuesday, June 7, 2022 |
| Initiation of Refunds | Wednesday, June 8, 2022 |
| Credit of Shares to Demat | Thursday, June 9, 2022 |
| Listing Date | Friday, June 10, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on June 2, 2022 |
Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹111,000 |
| Retail (Max) | 1 | 3000 | ₹111,000 |
| HNI (Min) | 2 | 6,000 | ₹222,000 |
| Lot Size Calculator | |||
Sunil Sudhakar Kulkarni and Prachi Sunil Kulkarni are the company promoters.
| Share Holding Pre Issue | 98.98% |
| Share Holding Post Issue | 72.72% |
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
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-20 | 1005.5 | 2280.4 | 314.7 | 686.67 | 661.42 |
| 31-Mar-21 | 1758.1 | 2620.6 | 345 | 1031.68 | 1006.43 |
| 31-Mar-22 | 2010.3 | 2686.7 | 456.5 | 1488.01 | 477.93 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Fidel Softech IPO is Rs 50.88 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 11.15 |
The Company proposes to utilise the Net Proceeds towards funding the following objects:
1. Funding working capital requirements.
2. General corporate purposes.
[Dilip Davda] The company is operating in a highly competitive and fragmented segment. Based on its financial track records, the issue appears fully priced. Cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review...
The Fidel Softech IPO is subscribed 102.89 times on June 2, 2022 5:00:00 PM. The public issue subscribed 67.44 times in the retail category, times in the QIB category, and 138.34 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 138.34 |
| Retail | 67.44 |
| Total | 102.89 |
| Listing Date | June 10, 2022 |
| BSE Script Code | |
| NSE Symbol | FIDEL |
| ISIN | INE0LQQ01019 |
| Final Issue Price | ₹37 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹37.00 |
| ₹59.10 |
| ₹59.10 |
| ₹62.05 |
| ₹62.05 |
Fidel Softech Limited
Unit No. 202, 2nd Floor, Marisoft 3,
West Wing, Marigold Software IT Park,
Vadgaon Sheri, Pune – 411 014
Phone: 020 – 4900 7878
Email: investor-relations@fidelsoftech.com
Website: https://fidelsoftech.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Fidel Softech IPO is a SME IPO of 3,650,000 equity shares of the face value of ₹10 aggregating up to ₹13.51 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000 Shares.
The IPO opens on May 30, 2022, and closes on June 2, 2022.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Fidel Softech IPO using UPI as a payment gateway. Zerodha customers can apply in Fidel Softech IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Fidel Softech IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Fidel Softech IPO opens on May 30, 2022 and closes on June 2, 2022.
Fidel Softech IPO lot size is 3000 Shares, and the minimum amount required is ₹111,000.
You can apply in Fidel Softech IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Fidel Softech IPO will be done on Tuesday, June 7, 2022, and the allotted shares will be credited to your demat account by Thursday, June 9, 2022. Check the Fidel Softech IPO allotment status.
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