Niks Technology was incorporated on June 19, 2014. The company has a diversified product portfolio, which primarily caters to growing IT services sector and carter the need of students through skill enhancement and value addition courses.
| Bidding Dates |
|---|
| 19 Mar 2021 - 23 Mar 2021 |
| Subscription |
|---|
| 4.1x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,20,600 | 1 | 1 | 600 | 100.2 K | ₹201 | 72.41 % | ₹20.1 M | DRHP DOC |
Niks Technology IPO SUBSCRIPTION STATUS
23 Mar '21Niks Technology IPO overall subscription rate was 4.1 times the total available shares
Niks Technology IPO retail subscription rate was 7.21 times in the retail segment
Niks Technology IPO non-institutional investor subscription rate was 0.99 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
23 Mar 2021 (Day 3) | 7.21x | 0.99x | - |
19 Mar 2021 (Day 1) | 0.69x | 0.31x | - |
22 Mar 2021 (Day 2) | 4.01x | 0.46x | - |
Niks Technology 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) |
| 11MFY21 | 1.4 | 2.8 | 2.9 | 2.3 |
| FY20 | 0.8 | 2.0 | 1.6 | 1.3 |
| FY19 | 0.0 | 2.0 | 0.1 | 0.1 |
| FY18 | -0.1 | 1.9 | 0.2 | 0.2 |
Niks Technology IPO SUBSCRIPTION STATUS DETAILS
Niks Technology had 100.2 K shares on offer
Niks Technology IPO offer price was ₹201
Niks Technology IPO minimum Investment was ₹120600
Niks Technology IPO issue size was ₹ 20.1 M
Niks Technology had a minimum lot size of 600 Shares per application
Niks Technology NUMBER OF SHARES ON OFFER
Niks Technology IPO IMPORTANT DATES
| Issue Open Date | 19 Mar 2021 |
| Issue close Date | 23 Mar 2021 |
| Allotment Date | 24 Mar 2021 |
| Refund Date | 25 Mar 2021 |
| Demat Account Credit Date | 30 Mar 2021 |
| Listing Date | 31 Mar 2021 |
| Listing on Exchange(s) | BSE |
| Niks Technology Allotment Status | Exchange |
Niks Technology IPO subscription opened on 19 Mar 2021, and closed on 23 Mar 2021
IPO allotment for Niks Technology was finalized on Wednesday, 24 Mar 2021
IPO listing for Niks Technology was on BSE on Wednesday, 31 Mar 2021
Niks Technology IPO LISTING GAINS
| Issue Price (adjusted) | 201.0 |
| Listing Open Price | 202.1 |
| Listing Close Price | 203.0 |
| Listing Gain% | 0.6% |
| Current Gain% | 44.4% |
Niks Technology 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 % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Niks Technology Ltd. | 290.3 | 10.5 | 71.2 | -1.1 | 1.5 | 3.2 | 3.1 | 6.9 | -24.1 | 0.2 | -54.8 | 4.1 | -67.1 |
| Physicswallah Ltd. | 131.6 | 38172.8 | -1697.3 | -18.9 | 9.8 | -0.5 | -0.3 | 4131 | 35.9 | -22.5 | 89.6 | -0.1 | 89.6 |
| NIIT Learning Systems Ltd. | 242.8 | 3350.6 | 13.1 | 0.7 | 1.6 | 16 | 8.1 | 1987.9 | 17.1 | 247.7 | 8.9 | 18.5 | 18 |
| Crizac Ltd. | 188 | 3289.3 | 14.9 | 0.4 | 3.2 | 37.5 | 25 | 1071.1 | 21.1 | 219.1 | 43.3 | 12.6 | 40.2 |
| Shanti Educational Initiatives Ltd. | 202.3 | 3259 | 553.1 | -33.4 | 58.6 | 7.7 | 5.8 | 59.4 | -5.9 | 5.9 | -16.6 | 0.4 | -16.6 |
| Mobavenue AI Tech Ltd. | 304 | 2280.4 | 92.4 | 0 | 12.8 | 32.4 | 14.3 | 220.2 | 4576 | 29.3 | 3706.7 | 3.3 | 2384.1 |
Niks Technology INFORMATION ON IPO ISSUE
About Niks Technology
Niks Technology was incorporated on June 19, 2014. The company has a diversified product portfolio, which primarily caters to growing IT services sector and carter the need of students through skill enhancement and value addition courses.
Object of the Issue
- To meet working capital requirements
- To meet general corporate purposes
- To meet the issue related expenditures
Niks Technology - PROMOTERS
| Name |
|---|
| Manish Dixit |
Niks Technology Lead Manager
Gretex Corporate Services Limited
info@gretexgroup.com
Niks Technology Registrar to the Offer
Bigshare Services Private Limited
ipo@bigshareonline.com
Niks Technology Strengths
Rich management experience
The promoter has substantial experience in the IT industry of approximately a decade
Domain expertise and technical excellence
The company has a dedicated workforce, which is the strength and power of the organization
Continous growth
The company continues to develop new course content with the market scenario
Niks Technology Risks
Legal proceedings
There are outstanding legal proceedings involving the company, promoters, directors and group companies
Legal restrictions
The company requires a number of approvals, NOCs, licenses, registrations and permits in the ordinary course of business
IPO FAQs
This IPO consists of an offer for sale of up to Rs 1.4 crore, of 67,000 shares. It also consists of a fresh issue of Rs 0.7 crore.
The promoter of the company is Manish Dixit.
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 201.0 - 201.0.
The IPO application opens on Mar 19, 2021 and closes on Mar 23, 2021.
The minimum lot size for the IPO is 600. The maximum lot size for the IPO is 600.
For all category investors, the minimum application amount for this IPO is Rs. 120,600.0, the maximum value for this IPO is Rs 120,600.0.
This IPO will be allotted on Mar 24, 2021.
The refund will be credited to your account on Mar 25, 2021.
The allotted shares will be credited to your demat on Mar 30, 2021.
Niks Technology Ltd.’s shares listed on the stock exchanges on Mar 31, 2021.