Kandarp Digi Smart BPO was incorporated on February 07, 2001, as “Dynamic Restructuring Management Services Private Limited”. The company is engaged in BPO services specializing in the area of support services solutions and it provides wide range of support services such as call centre, contact point verifications, site visits, document check/Pickup, E-KYC, skip tracing, employee back check, staffing solutions, payroll management, payment collections (soft), AMC booking services etc.
| Bidding Dates |
|---|
| 16 Sep 2022 - 20 Sep 2022 |
| Subscription |
|---|
| 1.84x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,000 | 1 | 1 | 4000 | 2.7 M | ₹30 | 69.91 % | ₹81.0 M | RHP DOC |
Kandarp Digi Smart IPO SUBSCRIPTION STATUS
20 Sep '22Kandarp Digi Smart IPO overall subscription rate was 1.84 times the total available shares
Kandarp Digi Smart IPO retail subscription rate was 2.79 times in the retail segment
Kandarp Digi Smart IPO non-institutional investor subscription rate was 0.88 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Sep 2022 (Day 3) | 2.79x | 0.88x | - |
19 Sep 2022 (Day 2) | 0.97x | 0.25x | - |
16 Sep 2022 (Day 1) | 0.14x | 0.03x | - |
Kandarp Digi Smart FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from operations (Rs in millions) | Cash Flow from operations (Rs in millions) | Free Cash flow (Rs in millions) |
| FY22 | 9.4 | 128.0 | 20.2 | 1.4 |
| FY21 | 1.1 | 104.1 | 16.5 | -11.8 |
| FY20 | 11.2 | 100.0 | 6.4 | -8.0 |
| FY19 | 14.8 | 110.4 | 8.9 | -5.2 |
Kandarp Digi Smart IPO SUBSCRIPTION STATUS DETAILS
Kandarp Digi Smart had 2.7 M shares on offer
Kandarp Digi Smart IPO offer price was ₹30
Kandarp Digi Smart IPO minimum Investment was ₹120000
Kandarp Digi Smart IPO issue size was ₹ 81.0 M
Kandarp Digi Smart had a minimum lot size of 4000 Shares per application
Kandarp Digi Smart NUMBER OF SHARES ON OFFER
Kandarp Digi Smart IPO IMPORTANT DATES
| Issue Open Date | 16 Sep 2022 |
| Issue close Date | 20 Sep 2022 |
| Allotment Date | 23 Sep 2022 |
| Refund Date | 26 Sep 2022 |
| Demat Account Credit Date | 27 Sep 2022 |
| Listing Date | 28 Sep 2022 |
| Listing on Exchange(s) | NSE |
| Kandarp Digi Smart Allotment Status | Exchange |
Kandarp Digi Smart IPO subscription opened on 16 Sep 2022, and closed on 20 Sep 2022
IPO allotment for Kandarp Digi Smart was finalized on Friday, 23 Sep 2022
IPO listing for Kandarp Digi Smart was on NSE on Wednesday, 28 Sep 2022
Kandarp Digi Smart IPO LISTING GAINS
| Issue Price (adjusted) | 30.0 |
| Listing Open Price | 30.0 |
| Listing Close Price | 28.5 |
| Listing Gain% | 0.0% |
| Current Gain% | 257.5% |
Kandarp Digi Smart Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kandarp Digi Smart BPO Ltd. | 107.2 | 96.2 | 51.9 | 3.2 | 2.4 | 6.1 | 4.3 | 39.8 | 63.3 | 1.9 | 16.2 | 2.1 | 16.2 |
| Firstsource Solutions Ltd. | 274.8 | 19162.4 | 28.6 | 4.2 | 1.9 | 15.4 | 7.2 | 9563.8 | 19.9 | 674.4 | 13.5 | 9.6 | 6.8 |
| eClerx Services Ltd. | 1810.8 | 17030.7 | 23.4 | 0.8 | 3.9 | 27.6 | 19.1 | 4218.2 | 22.2 | 706.2 | 30.5 | 77.5 | 27.5 |
| Quess Corp Ltd. | 332.4 | 4965.5 | 19.7 | 0.2 | 0.3 | 19 | 7.3 | 15321.7 | 2.2 | 221.6 | 383.9 | 16.9 | 96.9 |
| Hinduja Global Solutions Ltd. | 407 | 1893.4 | -43.6 | 0.7 | 0.4 | 0.4 | 0.3 | 4857 | -2.1 | 32.2 | -73.5 | -9.3 | -62.7 |
| One Point One Solutions Ltd. | 59.9 | 1577 | 33.1 | 0.8 | 5 | 8.6 | 4.6 | 331 | 22.5 | 38.3 | 15.4 | 1.8 | 43.9 |
Kandarp Digi Smart INFORMATION ON IPO ISSUE
About Kandarp Digi Smart
Kandarp Digi Smart BPO was incorporated on February 07, 2001, as “Dynamic Restructuring Management Services Private Limited”. The company is engaged in BPO services specializing in the area of support services solutions and it provides wide range of support services such as call centre, contact point verifications, site visits, document check/Pickup, E-KYC, skip tracing, employee back check, staffing solutions, payroll management, payment collections (soft), AMC booking services etc.
Object of the Issue
- To meet working capital requirement
- General corporate purpose
- To meet the issue expenses
Kandarp Digi Smart - PROMOTERS
| Name |
|---|
| Sunil Kumar Rai |
| Meenakshi Pathak |
| Reliable Data Services Limited |
Kandarp Digi Smart Lead Manager to the Issue
Beeline Broking Limited
mb@beelinemb.com
Kandarp Digi Smart Registrar to the issue
Skyline Financial Services Limited
ipo@skylinerta.com
Kandarp Digi Smart Strengths
Distribution network
The company's distribution network has locations all over India covering most part of India and provides services across all cities of India
Experienced management
The company's management and employee team combines expertise and experience to outline plans for the future development of the company
Existing client relationship
The company has earned a reputation based upon which it has been successful in retaining reputed banks
Diversified customer base and revenue sources
The company serves a diverse mix of end markets across several industry sectors such as banks, financial institutions, and other sectors
Kandarp Digi Smart Risks
Dependent on technology
The business is highly dependent on technology and any disruption or failure of technology systems may affect operations
Leased properties
The properties used by the company for the purpose of its operations are not owned by it. Any termination of the relevant lease agreement or rent agreement in connection with such properties or failure to renew the same could adversely affect operations
Indebtedness
The company has a substantial amount of outstanding indebtedness, which requires significant cash flows to service.
IPO FAQs
The promoters of the company are Sunil Kumar Rai, Meenakshi Pathak and Reliable Data Services Limited.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 30.0 - 30.0.
The IPO application opens on Sep 16, 2022 and closes on Sep 20, 2022.
The minimum lot size for the IPO is 4000. The maximum lot size for the IPO is 4000.
For all category investors, the minimum application amount for this IPO is Rs. 120,000.0, the maximum value for this IPO is Rs 120,000.0.
This IPO will be allotted on Sep 23, 2022.
The refund will be credited to your account on Sep 26, 2022.
The allotted shares will be credited to your demat on Sep 27, 2022.
Kandarp Digi Smart BPO Ltd.’s shares listed on the stock exchanges on Sep 28, 2022.