IPO Price Range: ₹250 - 263
Min Investment
₹1,05,200
IPO Size
₹169 Cr
IPO Status
Quantity in 1 Lot
400
Max Bid allowed
1
Listing Exchange
BSE
IPO subscribed over
🚀 89.4717x
This IPO has been subscribed by 71.9877x in retail and 122.1899x in QIB.
Total Subscription | 89.4717x |
Retail Individual Investors | 71.9877x |
Qualified Institutional Buyers | 122.1899x |
Non Institutional Investors | 297.6815x |
Bid Opening Date | 20 Jan 2025 |
Bid Closing Date | 22 Jan 2025 |
Allotment Date | 23 Jan 2025 |
Issue Size | ₹169.37Cr |
Quantity in 1 lot | 400 |
Acquire new accounts and deepen key account relationships,
Attract, develop and retain highly-skilled employees to sustain our service quality and customer experience,
Strengthen existing partnerships and enter into new partnerships with Independent Software Vendors,
Selectively pursue strategic investments and expansions.
Focus on efficiency and optimal utilization of resources,
The Company derives a significant portion of its revenues from clients located in the United States of America and United Kingdom. Any adverse developments in these markets could adversely affect its business.
Exchange rate fluctuations may adversely affect its results of operations as significant portion of its revenues and some portion of its expenditure is denominated in foreign currencies.
Its business will suffer if it fails to anticipate and develop new services and enhance existing services in order to keep pace with rapid changes in technology and the industries on which the company focuses.
The Companys success depends largely upon its skilled professionals and its ability to attract and retain these personnel. The industry where our Company operates is a highly skilled and technical employee intensive industry.
The Promoter Selling Shareholders, will receive the entire proceeds from the Offer for Sale. the Company will not receive or benefit from any proceeds from the Offer for Sale.
The Company requirew certain approvals and licenses in the ordinary course of business and the failure to successfully obtain/renew such registrations would adversely affect its operations, results of operations and financial condition.
The company may be unable to sufficiently obtain, maintain, protect, or enforce its intellectual property and other proprietary rights.
The Company may be party to certain litigations and claims during the course of its business. Any adverse decision may make us liable to liabilities/penalties and may adversely affect its reputation, business and financial status.
Its insurance coverage may not be adequate to protect us against all potential losses to which the company may be subject and this may have a material effect on its business and financial condition.
The Company may utilize a portion of the Net Proceeds to undertake inorganic growth for which the target has not been identified. In the event that its Net Proceeds to be utilized towards inorganic growth initiatives are insufficient for the cost of its proposed inorganic acquisition, The Company may have to seek alternative forms of funding.
Investors | Holdings % |
Mukul Gupta | 53.04% |
Vipul Gupta | 10.05% |
Herprit Gupta | 36.9% |
Saroj Gupta | 0% |