AAA Technologies is an IT and Information Security Auditing & Consulting Company. The company offers a wide range of IT auditing services such as Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services.
| Bidding Dates |
|---|
| 30 Sep 2020 - 05 Oct 2020 |
| Subscription |
|---|
| 2.39x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 3000 | 2.4 M | ₹42 | 71.51 % | ₹102.3 M | RHP DOC |
AAA Technologies IPO SUBSCRIPTION STATUS
05 Oct '20AAA Technologies IPO overall subscription rate was 2.39 times the total available shares
AAA Technologies IPO retail subscription rate was 2.31 times in the retail segment
AAA Technologies IPO non-institutional investor subscription rate was 2.47 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
01 Oct 2020 (Day 2) | 0.37x | 0.94x | - |
05 Oct 2020 (Day 3) | 2.31x | 2.47x | - |
30 Sep 2020 (Day 1) | 0.17x | 0.93x | - |
AAA Technologies 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 | 37.0 | 141.6 | 11.7 | 10.8 |
| FY19 | 20.6 | 103.4 | 9.4 | 2.8 |
| FY18 | 10.0 | 102.3 | 9.5 | 7.0 |
AAA Technologies IPO SUBSCRIPTION STATUS DETAILS
AAA Technologies had 2.4 M shares on offer
AAA Technologies IPO offer price was ₹42
AAA Technologies IPO minimum Investment was ₹126000
AAA Technologies IPO issue size was ₹ 102.3 M
AAA Technologies had a minimum lot size of 3000 Shares per application
AAA Technologies NUMBER OF SHARES ON OFFER
AAA Technologies IPO IMPORTANT DATES
| Issue Open Date | 30 Sep 2020 |
| Issue close Date | 05 Oct 2020 |
| Allotment Date | 08 Oct 2020 |
| Refund Date | 09 Oct 2020 |
| Demat Account Credit Date | 12 Oct 2020 |
| Listing Date | 13 Oct 2020 |
| Listing on Exchange(s) | NSE |
| AAA Technologies Allotment Status | Exchange |
AAA Technologies IPO subscription opened on 30 Sep 2020, and closed on 05 Oct 2020
IPO allotment for AAA Technologies was finalized on Thursday, 08 Oct 2020
IPO listing for AAA Technologies was on NSE on Tuesday, 13 Oct 2020
AAA Technologies IPO LISTING GAINS
| Issue Price (adjusted) | 42.0 |
| Listing Open Price | 44.5 |
| Listing Close Price | 43.6 |
| Listing Gain% | 6.0% |
| Current Gain% | 118.9% |
AAA Technologies 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AAA Technologies Ltd. | 92 | 78.6 | 57 | -1.4 | 5.8 | 6.7 | 6.3 | 21.8 | -19.3 | 2.1 | -41.2 | 1.6 | -41.1 |
| Central Mine Planning & Design Institute Ltd. | 250.1 | 17860 | 26.8 | 18.8 | 2397.4 | 10.1 | 613.2 | -8.1 | |||||
| Engineers India Ltd. | 240.6 | 13522.7 | 19.6 | 1 | 3.4 | 22 | 11.8 | 4123.2 | 27 | 691.6 | 19.3 | 12.3 | 19.3 |
| Qualitek Labs Ltd. | 450 | 449.1 | 30.8 | 9.6 | 5.4 | 125 | 76.8 | 14.6 | 131.7 | 14.6 | |||
| Monarch Surveyors and Engineering Consultants Ltd. | 231 | 327 | 8.8 | 16.1 | 13.8 | 176.8 | 13.6 | 37.2 | 6.9 | 26.3 | |||
| Likhami Consulting Ltd. | 299 | 297.5 | 934.7 | 96.6 | 374 | 0.7 | 0.7 | 0.8 | 15.9 | 0.2 | 6.4 | 0.3 | 9.7 |
AAA Technologies INFORMATION ON IPO ISSUE
About AAA Technologies
AAA Technologies is an IT and Information Security Auditing & Consulting Company. The company offers a wide range of IT auditing services such as Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services.
Object of the Issue
- To use funds for expansion and development of business operations.
- To meet the working capital requirements and security deposit towards bank guarantees/LC.
- To meet issue-related expenses.
AAA Technologies - PROMOTERS
| Name |
|---|
| Anjay Ratanlal Agarwal |
| Venugopal Madanlal Dhoot |
| Ruchi Anjay Agarwal |
AAA Technologies Lead Manager to the Issue
Chartered Finance Management Ltd
aaatech.ipo@cfml.in
AAA Technologies Registrar to the Offer
Link Intime India Private Ltd
aaa.ipo@linkintime.co.in
AAA Technologies Strengths
Quality of Services
The company has been accredited with "ISO 9001:2015" and ISO 27001:2013 certification
Diversified services across several industries
The company provides one- stop solutions to the clients with respect to diverse services through a team of well competent practiced professionals
Low dependency on Debt and Controlled Overheads
The company has always been capitalized through equity from the promoters
AAA Technologies Risks
SEBI has issued show cause notice
SEBI has issued show cause notice to one of the independent directors of the company, Mr. Rajesh Chandra Verma in relation to trading executed by him in the scrip of DCB Bank
Reliant on information technology
The company relies on information technology systems, networks and infrastructure.
IPO FAQs
The promoters of the company are Anjay Ratanlal Agarwal, Venugopal Madanlal Dhoot and Ruchi Anjay Agarwal.
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 42.0 - 42.0.
The IPO application opens on Sep 30, 2020 and closes on Oct 05, 2020.
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. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Oct 08, 2020.
The refund will be credited to your account on Oct 09, 2020.
The allotted shares will be credited to your demat on Oct 12, 2020.
AAA Technologies Ltd.’s shares listed on the stock exchanges on Oct 13, 2020.