Kody Technolab, founded on May 5, 2017, offers software development services across various industries. As a full-stack development company, it delivers innovative and cutting-edge digital solutions to clients.
| Bidding Dates |
|---|
| 15 Sep 2023 - 20 Sep 2023 |
| Subscription |
|---|
| 45.03x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,28,000 | 1 | 1 | 800 | 1.7 M | ₹160 | 73.01 % | ₹275.2 M | RHP DOC |
Kody Technolab IPO SUBSCRIPTION STATUS
20 Sep '23Kody Technolab IPO overall subscription rate was 45.03 times the total available shares
Kody Technolab IPO retail subscription rate was 50.87 times in the retail segment
Kody Technolab IPO non-institutional investor subscription rate was 39.2 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
20 Sep 2023 (Day 3) | 50.87x | 39.2x | - |
18 Sep 2023 (Day 2) | 13.15x | 2.84x | - |
15 Sep 2023 (Day 1) | 1.81x | 0.6x | - |
Kody Technolab 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) | Margins |
| FY23 | 31.8 | 109.5 | -13.4 | -80.7 | 42.4% |
| FY22 | 6.2 | 38.4 | 0.8 | -0.4 | 17.9% |
| FY21 | -1.1 | 24.8 | 1.6 | 0.7 | -1.8% |
Kody Technolab IPO SUBSCRIPTION STATUS DETAILS
Kody Technolab had 1.7 M shares on offer
Kody Technolab IPO offer price was ₹160
Kody Technolab IPO minimum Investment was ₹128000
Kody Technolab IPO issue size was ₹ 275.2 M
Kody Technolab had a minimum lot size of 800 Shares per application
Kody Technolab NUMBER OF SHARES ON OFFER
Kody Technolab IPO IMPORTANT DATES
| Issue Open Date | 15 Sep 2023 |
| Issue close Date | 20 Sep 2023 |
| Allotment Date | 25 Sep 2023 |
| Refund Date | 26 Sep 2023 |
| Demat Account Credit Date | 27 Sep 2023 |
| Listing Date | 27 Sep 2023 |
| Listing on Exchange(s) | NSE |
| Kody Technolab Allotment Status | Exchange |
Kody Technolab IPO subscription opened on 15 Sep 2023, and closed on 20 Sep 2023
IPO allotment for Kody Technolab was finalized on Monday, 25 Sep 2023
IPO listing for Kody Technolab was on NSE on Wednesday, 27 Sep 2023
Kody Technolab IPO LISTING GAINS
| Issue Price (adjusted) | 80.0 |
| Listing Open Price | 170.0 |
| Listing Close Price | 178.5 |
| Listing Gain% | 6.3% |
| Current Gain% | 1600.0% |
Kody Technolab 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Kody Technolab Ltd. | 1360 | 866.8 | 114.7 | -2 | 10 | 7.8 | 6.3 | 87 | 19.1 | 16.8 | -4.9 | 11.9 | -57.1 |
| Tata Consultancy Services Ltd. | 2450.5 | 886612.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1184.6 | 480717.4 | 15.9 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1362.3 | 369682.6 | 21.2 | 8.1 | 2.8 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 186.5 | 184717 | 14 | -7.7 | 1.9 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1649.7 | 161684.6 | 31.5 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Kody Technolab INFORMATION ON IPO ISSUE
About Kody Technolab
Kody Technolab, founded on May 5, 2017, offers software development services across various industries. As a full-stack development company, it delivers innovative and cutting-edge digital solutions to clients.
Object 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
Kody Technolab - PROMOTERS
| Name |
|---|
| Manav Subhashchandra Patel |
| Manali Krunal Patel |
| Pooja Sunny Patel |
Kody Technolab Lead Manager to the Issue
Beeline Capital Advisors Private Limited
mb@beelinemb.com
Kody Technolab Registrar to the issue
Kfin Technologies Private Limited
kody.ipo@kfintech.com
Kody Technolab Strengths
Diversified customer base
The company serves a diverse range of end markets in multiple industry sectors, offering a variety of services to numerous customers
Global delivery network
The company understands global industry practices and business trends, serving clients from India and around the world
Kody Technolab Risks
Intense competition
Intense market competition in technology services could pressure Kody Technolab's pricing, potentially reducing client business, revenues, and profitability
Limited financial history
The company has limited financial history, making its past financial results an unreliable indicator of future performance
IPO FAQs
Kody Technolab Ltd. IPO listing opened at Rs 170.00 while the issue price was Rs 160.00 giving 6.25% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 80.00 giving 1600.00% gains since its IPO listing.
The promoters of the company are Manav Subhashchandra Patel, Manali Krunal Patel and Pooja Sunny Patel.
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 160.0 - 160.0.
The IPO application opens on Sep 15, 2023 and closes on Sep 20, 2023.
The minimum lot size for the IPO is 800. The maximum lot size for the IPO is 800.
For all category investors, the minimum application amount for this IPO is Rs. 128,000.0, the maximum value for this IPO is Rs 128,000.0.
This IPO will be allotted on Sep 25, 2023.
The refund will be credited to your account on Sep 26, 2023.
The allotted shares will be credited to your demat on Sep 27, 2023.
Kody Technolab Ltd.’s shares listed on the stock exchanges on Sep 27, 2023.