Kody Technolab IPO

Kody Technolab IPO

Closed RHP

Listing Details

  • Listing Exchange NSE SME
  • Listing Date 27-Sep-23
  • IPO Price Range ₹ 160
  • Listing Price ₹ 170
  • Listing Change 6.3%
  • Last Traded Price ₹ 2851.9
  • Current Change 1682.4%

Kody Technolab IPO Details

  • Open Date 15-Sep-23
  • Close Date 20-Sep-23
  • Lot Size 800
  • IPO Size ₹ 27.52 Cr
  • IPO Price Range ₹ 160
  • Min Investment ₹ 128,000
  • Listing Exchange NSE SME
  • Basis of Allotment 25-Sep-23
  • Refunds 26-Sep-23
  • Credit to Demat Account 27-Sep-23
  • Listing Date 28-Sep-23

Kody Technolab IPO Subscription Status

Date QIB NII Retail TOTAL
15-Sep-23 - 0.63 1.94 1.29
18-Sep-23 - 2.88 13.88 8.40
20-Sep-23 - 41.17 53.56 51.55

Kody Technolab IPO Synopsis

Kody Technolab Limited IPO is all set to open from 15th September to 20th September 2023. The company is engaged in the business of offering software development services. The IPO includes a fresh issue of 1,720,000 shares worth ₹27.52 cr. The share allotment date is 25th September, and the IPO will be listed on 28th September on the stock exchanges. The price band is ₹160 per share and the lot size is 800 shares.    

Beeline Capital Advisors Private Limited is the book-running lead manager for this IPO, while Kfin Technologies Limited is the registrar. 

Objectives of Kody Technolab IPO:

Kody Technolab Limited plans to utilize the raised capital from the IPO to:

●    To meet capital expenditures for setting up a development center at Gift City, Gandhinagar.
●    To prepay or repay borrowings obtained by the company. 
●    For increasing working capital requirements.
●    General corporate purpose.
●    Fund public issue expenses. 

About Kody Technolab

Established in 2017, Kody Technolab Limited is engaged in the business of offering software development services catering to different industries. As of June 2023, the company has a team of over 106 professionals, including developers, designers, project managers, and quality assurance specialists.

The company specializes in manufacturing Imaging Instruments and Measuring Instruments. Additionally, they offer a range of services, including Staff Augmentation, ML Development, AR Development and Implementation, Enterprise Mobility, CX Strategy and Design, Digital Transformation, Business Analytics and intelligence, Artificial Intelligence Robotics IT Consulting, Mobile and Web App Development, Internet of Things (IoT) solutions, and IT consulting services.

Peer Comparison

●    Ksolves India Limited
●    Sigma Solves Limited 

For More Information:
Webstory on Kody Technolab IPO
Kody Technolab IPO GMP

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY23 FY22 FY21
Revenue 10.95 3.84 2.48
EBITDA 4.64 0.68 -0.045
PAT 3.18 0.62 -0.11
Particulars (in Rs. Crores) FY23 FY22 FY21
Total Assets 14.53 2.38 1.15
Share Capital 7.20 0.20 0.20
Total Borrowings 9.83 3.47 2.86
Particulars (in Rs. Crores) FY23 FY22 FY21
Net cash generated from / (used in) operating activities -1.34 0.081 0.16
Net cash from / (used in) investing activities -6.94 -0.12 -0.14
Net cash flow from / (used in) financing activities 8.27 0.11 -0.0073
Net increase (decrease) in cash and cash equivalents -0.010 0.072 0.0043


Kody Technolab IPO Key Points

  • Strengths

    1.    The company offers quality services and has Skilled & experienced Staff
    2.    It has cordial relationships with customers.
    3.    Diversified customer base and revenue sources.
    4.    It has a Global Delivery Network.
    5.    The ability to control cost and infrastructure costs are also low. 
    6.    The company is set to leverage growth potential in its service segment. 
     

  • Risks

    1.    Operates in a highly competitive industry.
    2.    Global operations expose the company to conflicting legal and regulatory requirements.
    3.    Risks associated with currency exchange rate fluctuations.
    4.    A substantial amount of outstanding indebtedness and lenders have charge over immovable properties in respect of finance availed.
    5.    Negative cash flows in the past.
    6.    The business is directly affected by prevailing economic, political and other prevailing conditions in India.
     

How to apply for IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

  • 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

  • Approve the mandate request on your UPI and funds will be blocked

Kody Technolab IPO FAQs

What is the minimum lot size and investment required for the Kody Technolab IPO?

The minimum lot size of Kody Technolab IPO is 800 shares and the investment required is ₹1,28,000.

What is the price band of Kody Technolab IPO?

The price band of Kody Technolab IPO is ₹160 per share. 

When does the Kody Technolab IPO issue open and close?

Kody Technolab IPO opens from 15th September to 20th September 2023.
 

What is the size of the Kody Technolab IPO issue?

The size of Kody Technolab IPO is ₹27.52 cr. 

What is the allotment date of the Kody Technolab IPO?

The share allotment date of Kody Technolab IPO is 25th September 2023.

What is the Kody Technolab IPO listing date?

The Kody Technolab IPO will be listed on 28th September 2023.

Who are the book runners for the Kody Technolab IPO?

Beeline Capital Advisors Private Limited is the book-running lead manager for Kody Technolab IPO.

What is the objective of Kody Technolab IPO?

Kody Technolab Limited plans to utilize the raised capital from the IPO to:

1.    To meet capital expenditures for setting up a development center at Gift City, Gandhinagar.
2.    To prepay or repay borrowings obtained by the company. 
3.    For increasing working capital requirements.
4.    General corporate purpose.
5.    Fund public issue expenses.
 

How to apply for the Kody Technolab IPO?

To apply for Kody Technolab 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 Kody Technolab 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.
 

Contact Details of Kody Technolab IPO

Contact Information

Kody Technolab Limited

2nd Floor, Block-J, Safal Monde Near Iscon Mall,
Near Rajpathclub, S.G Highway,
Bodakdev, Ahmedabad - 380054
Phone: +91-9377229944
Email: info@kodytechnolab.com
Website: https://kodytechnolab.com/

Kody Technolab IPO Register

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: kody.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/

Kody Technolab IPO Lead Manager

Beeline Capital Advisors Pvt Ltd