SSBA Innovations IPO
- Status: Upcoming
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IPO Timeline
Last Updated: 05 February 2024 5:39 PM by 5Paisa
SSBA Innovations IPO is likely to open in 2024. The company operates as a tech-driven financial solutions and services platform. The IPO includes a fresh issue worth ₹10,50,000 thousand. The share allotment date and listing date are yet to be announced. The price band and the lot size are yet to be declared.
Systematix Corporate Services Limited is the book-running lead manager for this IPO, while MAS Services Limited is the registrar.
Objectives of SSBA Innovations IPO:
• To invest in user acquisition and business development for TaxBuddy and Finbingo
• To invest in the Technological development of its platform
• General corporate purposes
SSBA Innovations operates as a tech-driven financial solutions and services platform. It offers end-to-end financial solutions for tax planning and filing, personal investment advisory and wealth building to individuals, HUF, professionals, firms, and companies registered on the platform.
The company’s platforms, taxbuddy.com and finbingo.com, have an ISO 9001:2015 certificate for quality management systems in terms of offering AI-based automated services to file taxes and wealth management services.
Peer Comparison
No listed peers.
Strengths
1. The company provides seamless filing services compatible with multiple delivery channels and offers ease of access.
2. It has a mobile-first approach.
3. The company also has in-house full-stack technology capabilities offering security and third-party integration.
4. Experienced Promoters and Senior Management.
Risks
1. There are certain outstanding legal proceedings against the company and its promoters.
2. The business is subject to a strong brand and corporate reputation.
3. It has reported negative cash flows in the past.
4. It has higher working capital requirements.
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To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and the price at which you wish to apply for the SSBA Innovations Limited IPO.
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.
You will receive a mandate notification to block funds in your UPI app.
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Systematix Corporate Services is the book-running lead manager for SSBA Innovations IPO.
SSBA Innovations plans to utilize the raised capital from the IPO to:
1. To invest in user acquisition and business development for TaxBuddy and Finbingo
2. To invest in the Technological development of its platform
3. General corporate purposes