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ksolves India IPO is a fixed price issue of Rs 4.02 crores.
ksolves India IPO bidding started from June 23, 2020 and ended on June 26, 2020. The shares got listed on NSE SME on July 6, 2020.
ksolves India IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Shreni Shares Limited is the book running lead manager of the ksolves India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to ksolves India IPO RHP for detailed information.
| IPO Date | June 23, 2020 to June 26, 2020 |
| Listing Date | July 6, 2020 |
| Face Value | ₹10 per share |
| Price | ₹100 per share |
| Lot Size | 1200 Shares |
| Total Issue Size | 402,000 shares (aggregating up to ₹4.02 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 1,080,000 |
| Share holding post issue | 1,482,000 |
| Market Maker portion | 20,400 shares |
ksolves India IPO offers 402,000 shares. 190,800 (47.46%) to NII, 190,800 (47.46%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 20,400 (5.07%) |
| Other Shares Offered | 190,800 (47.46%) |
| Retail Shares Offered | 190,800 (47.46%) |
| Total Shares Offered | 402,000 (100%) |
Investors can bid for a minimum of 1200 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 | 1200 | ₹120,000 |
| Retail (Max) | 1 | 1200 | ₹120,000 |
| Lot Size Calculator | |||
Mr. Ratan Kumar Srivastava & Mrs. Deepali Verma are the promoters of the company.
| Share Holding Pre Issue | 93.33% |
| Share Holding Post Issue | 68.02% |
Incorporated in 2014, Ksolves India Ltd is a software services and product company. It is engaged in providing enterprise solutions, software development, consulting, and Information Technology solutions for clients. The company works for different sectors such as Healthcare, Telecom, E-commerce, Real Estate, and Finance.
It provides digital solutions to client organizations to develop powerful applications, maintain software systems, and enhance the functionality of the software as per the business requirements. The applications created by the company include automation of routine business functions to make them accurate, faster, and easier and increase the channels for better functioning.
Ksolves has acquired Kartik Solutions Private Limited in 2019 and it has become the wholly-owned subsidiary of the company. Kartik Solutions provides IT and IT-enabled services including web, mobile, cloud, and e-commerce solutions.
The company along with its subsidiary has a presence over 30 countries and major sales (80%) from North America.
Competitive Strengths
1. Long-standing customer relationship
2. Diversified revenue from multiple reaches across the world
3. Focus on technology trend evolution
4. Diverse business across multiple industries
| Particulars | For the year/period ended (Rs in Lakh) | ||||
|---|---|---|---|---|---|
| 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | |||
| Total Assets | 166.19 | 69.08 | 53.09 | ||
| Total Revenue | 814.51 | 542.62 | 340.85 | ||
| Profit After Tax | 67.19 | 15.83 | 5.50 | ||
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda] KIL's financial data is not in line with its asking price. With ongoing global scenario, it will be facing high competition and thus immediate future looks gloomy. Being aggressively priced IPO, investors may give it a miss. Read detail review...
The ksolves India IPO is subscribed 1.42 times on June 26, 2020 5:00:00 PM. The public issue subscribed 0.62 times in the retail category, times in the QIB category, and 2.22 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.22 |
| Retail | 0.62 |
| Total | 1.42 |
| Listing Date | July 6, 2020 |
| BSE Script Code | |
| NSE Symbol | KSOLVES |
| ISIN | INE0D6I01015 |
| Final Issue Price | ₹100 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹100.00 |
| ₹101.95 |
| ₹101.95 |
| ₹106.90 |
| ₹106.90 |
Ksolves India Ltd
H. No. B-8/1, Ground Floor,
Saidulajab, South Delhi,
Delhi - 110030, India
Phone: +91-0120-4163248
Email: cs@ksolves.com
Website: https://www.ksolves.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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ksolves India IPO is a SME IPO of 402,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹100 per share. The minimum order quantity is 1200 Shares.
The IPO opens on June 23, 2020, and closes on June 26, 2020.
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 ksolves India IPO using UPI as a payment gateway. Zerodha customers can apply in ksolves India IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in ksolves India IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The ksolves India IPO opens on June 23, 2020 and closes on June 26, 2020.
ksolves India IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.
You can apply in ksolves India 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 ksolves India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ksolves India IPO allotment status.
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