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.
| Bidding Dates |
|---|
| 23 Jun 2020 - 26 Jun 2020 |
| Subscription |
|---|
| 1.42x 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 | 1200 | 402.0 K | ₹100 | 72.87 % | ₹40.2 M | RHP DOC |
Ksolves IPO SUBSCRIPTION STATUS
26 Jun '20Ksolves IPO overall subscription rate was 1.42 times the total available shares
Ksolves IPO retail subscription rate was 0.62 times in the retail segment
Ksolves IPO non-institutional investor subscription rate was 2.22 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
25 Jun 2020 (Day 3) | 0.33x | 2.2x | - |
26 Jun 2020 (Day 4) | 0.62x | 2.22x | - |
23 Jun 2020 (Day 1) | 0x | 0.79x | - |
24 Jun 2020 (Day 2) | 0.15x | 1.94x | - |
Ksolves 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) |
| FY20 | 6.7 | 81.4 | 10.3 | 6.6 |
| FY19 | 1.6 | 54.2 | 2.9 | 1.3 |
| FY18 | 0.6 | 34.0 | 2.2 | 0.4 |
Ksolves IPO SUBSCRIPTION STATUS DETAILS
Ksolves had 402.0 K shares on offer
Ksolves IPO offer price was ₹100
Ksolves IPO minimum Investment was ₹120000
Ksolves IPO issue size was ₹ 40.2 M
Ksolves had a minimum lot size of 1200 Shares per application
Ksolves NUMBER OF SHARES ON OFFER
Ksolves IPO IMPORTANT DATES
| Issue Open Date | 23 Jun 2020 |
| Issue close Date | 26 Jun 2020 |
| Allotment Date | 01 Jul 2020 |
| Refund Date | 02 Jul 2020 |
| Demat Account Credit Date | 03 Jul 2020 |
| Listing Date | 06 Jul 2020 |
| Listing on Exchange(s) | NSE |
| Ksolves Allotment Status | Exchange |
Ksolves IPO subscription opened on 23 Jun 2020, and closed on 26 Jun 2020
IPO allotment for Ksolves was finalized on Wednesday, 01 Jul 2020
IPO listing for Ksolves was on NSE on Monday, 06 Jul 2020
Ksolves IPO LISTING GAINS
| Issue Price (adjusted) | 6.3 |
| Listing Open Price | 102.0 |
| Listing Close Price | 106.9 |
| Listing Gain% | 1.9% |
| Current Gain% | 4380.8% |
Ksolves 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Ksolves India Ltd. | 280 | 41.5 | 17.9 | 1.1 | 4 | 116.8 | 55.3 | 163.5 | 18.6 | 34.3 | 0 | 15.6 | 16.7 |
| 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 |
Ksolves INFORMATION ON IPO ISSUE
About Ksolves
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.
Object of the Issue
- To Meet Working Capital Requirement.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Ksolves - PROMOTERS
| Name |
|---|
| Ratan Kumar Srivastava |
| Deepali Verma |
Ksolves Lead Manager
Sherni Shares Private Limited
shrenishares@gmail.com
Ksolves Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Ksolves Strengths
Customer satisfaction and revenues from long standing customer relationships
The company has long-standing relationships with its customers across the world. This is, in part, due to the high criticality of products & services and technical know-how to many customers' business needs
Diversified revenue from multiple geographies
The company has diversified revenue from multiple geographical reaches across the world and 100% of revenue is generated from export sales from various countries
Ksolves Risks
Require certain approvals or licenses
The company requires certain approvals or licenses in the ordinary course of business and the failure to renew, obtain or retain them in a timely manner, or at all, may affect operations
Limited financial history
The company has limited financial history and the prior period financial results may not accurately represent the future financial performance
IPO FAQs
Ksolves India Ltd. IPO listing opened at Rs 101.95 while the issue price was Rs 100.00 giving 1.95% returns. After adjusting for subsequent bonus and splits, the stock trades at Rs 6.25 giving 4380.80% gains since its IPO listing.
The promoters of the company are Ratan Kumar Srivastava and Deepali Verma.
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 100.0 - 100.0.
The IPO application opens on Jun 23, 2020 and closes on Jun 26, 2020.
The minimum lot size for the IPO is 1200. The maximum lot size for the IPO is 1200.
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 Jul 01, 2020.
The refund will be credited to your account on Jul 02, 2020.
The allotted shares will be credited to your demat on Jul 03, 2020.
Ksolves India Ltd.’s shares listed on the stock exchanges on Jul 06, 2020.