Fidel Softech was incorporated on December 24, 2004. The company is a lang-tech consulting firm offering technology services with tech languages like UI/UX. The services offered by the company include software development, infrastructure and cloud support, along with localization including translation, and interpretation.
| Bidding Dates |
|---|
| 30 May 2022 - 02 Jun 2022 |
| Subscription |
|---|
| 102.89x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,11,000 | 1 | 1 | 3000 | 3.6 M | ₹37 | 73.47 % | ₹135.0 M | RHP DOC |
Fidel Softech IPO SUBSCRIPTION STATUS
02 Jun '22Fidel Softech IPO overall subscription rate was 102.89 times the total available shares
Fidel Softech IPO retail subscription rate was 67.44 times in the retail segment
Fidel Softech IPO non-institutional investor subscription rate was 138.34 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
02 Jun 2022 (Day 4) | 67.44x | 138.34x | - |
01 Jun 2022 (Day 3) | 15.97x | 4.75x | - |
31 May 2022 (Day 2) | 5.97x | 2.58x | - |
30 May 2022 (Day 1) | 1.07x | 2.08x | - |
Fidel Softech 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 | 62.91 | 263.13 | -24.48 | -25.21 |
| FY21 | 45.90 | 257.14 | 31.95 | 30.01 |
| FY20 | 43.05 | 223.76 | 59.37 | 54.88 |
Fidel Softech IPO SUBSCRIPTION STATUS DETAILS
Fidel Softech had 3.6 M shares on offer
Fidel Softech IPO offer price was ₹37
Fidel Softech IPO minimum Investment was ₹111000
Fidel Softech IPO issue size was ₹ 135.0 M
Fidel Softech had a minimum lot size of 3000 Shares per application
Fidel Softech NUMBER OF SHARES ON OFFER
Fidel Softech IPO IMPORTANT DATES
| Issue Open Date | 30 May 2022 |
| Issue close Date | 02 Jun 2022 |
| Allotment Date | 07 Jun 2022 |
| Refund Date | 08 Jun 2022 |
| Demat Account Credit Date | 09 Jun 2022 |
| Listing Date | 10 Jun 2022 |
| Listing on Exchange(s) | NSE |
| Fidel Softech Allotment Status | Exchange |
Fidel Softech IPO subscription opened on 30 May 2022, and closed on 02 Jun 2022
IPO allotment for Fidel Softech was finalized on Tuesday, 07 Jun 2022
IPO listing for Fidel Softech was on NSE on Friday, 10 Jun 2022
Fidel Softech IPO LISTING GAINS
| Issue Price (adjusted) | 37.0 |
| Listing Open Price | 59.1 |
| Listing Close Price | 62.0 |
| Listing Gain% | 59.7% |
| Current Gain% | 274.5% |
Fidel Softech 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Fidel Softech Ltd. | 138.6 | 190.5 | 13.8 | 0.3 | 1.9 | 24.7 | 11.6 | 104.9 | 87.3 | 13.8 | 47.9 | 10 | 47.9 |
| Tata Consultancy Services Ltd. | 2452.7 | 887408.3 | 17.8 | 16.7 | 3.2 | 45.9 | 27 | 271423 | 4.7 | 49210 | 1.4 | 137.6 | 1.1 |
| Infosys Ltd. | 1175.1 | 476862.2 | 15.7 | 1.4 | 2.6 | 31.7 | 18.9 | 182972 | 9.8 | 29440 | 10.2 | 74.6 | 11.1 |
| HCL Technologies Ltd. | 1356.6 | 368135.8 | 21.1 | 8 | 2.7 | 22.1 | 14.3 | 131674 | 10.2 | 16642 | -4.3 | 64.2 | 2.6 |
| Wipro Ltd. | 187.5 | 185737.1 | 14.1 | -7.8 | 2 | 15 | 9.3 | 96497.7 | 3.8 | 13197.4 | 0.5 | 13.3 | -1.8 |
| Tech Mahindra Ltd. | 1635 | 160243.9 | 31.2 | 2.4 | 2.7 | 16.2 | 9.7 | 56847.3 | 5.6 | 4810.9 | 13.2 | 52.4 | 13.1 |
Fidel Softech INFORMATION ON IPO ISSUE
About Fidel Softech
Fidel Softech was incorporated on December 24, 2004. The company is a lang-tech consulting firm offering technology services with tech languages like UI/UX. The services offered by the company include software development, infrastructure and cloud support, along with localization including translation, and interpretation.
Object of the Issue
- Funding working capital requirements.
- General corporate purposes.
Fidel Softech - PROMOTERS
| Name |
|---|
| Sunil Sudhakar Kulkarni |
| Prachi Sunil Kulkarni |
Fidel Softech Lead Manager
Shreni Shares Private Limited
shrenishares@gmail.com
Fidel Softech Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Fidel Softech Strengths
Technology services
Offering technology services with local language UI / UX
Clientele
Clients in both domestic and international markets
Service portfolio
Wide service portfolio
Quality assurance
Quality assurance
Experienced promoters
Leveraging the experience of the promoters
Fidel Softech Risks
Legal proceedings
The company is involved in certain legal proceedings which are pending at different levels of adjudication before various courts, tribunals, enquiry officers, and appellate authorities
Fluctuations in foreign currency
Fluctuations in foreign currency exchange rates could materially affect the financial results
Majority revenue comes from limited customers
The top 10 customers contributed towards the majority of revenues from operations for FY22, FY21, FY20
IPO FAQs
The promoters of the company are Sunil Sudhakar Kulkarni and Prachi Sunil Kulkarni.
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 37.0 - 37.0.
The IPO application opens on May 30, 2022 and closes on Jun 02, 2022.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 111,000.0, the maximum value for this IPO is Rs 111,000.0.
This IPO will be allotted on Jun 07, 2022.
The refund will be credited to your account on Jun 08, 2022.
The allotted shares will be credited to your demat on Jun 09, 2022.
Fidel Softech Ltd.’s shares listed on the stock exchanges on Jun 10, 2022.