IPO Price Range: ₹172 - 182
Min Investment
₹1,09,200
IPO Size
₹9 Cr
IPO Status
Quantity in 1 Lot
600
Max Bid allowed
1
Listing Exchange
BSE
IPO subscribed over
🚀 952.56x
This IPO has been subscribed by 1550.7643x in retail and 147.6918x in QIB.
Total Subscription | 952.56x |
Retail Individual Investors | 1550.7643x |
Qualified Institutional Buyers | 147.6918x |
Non Institutional Investors | 710.092x |
![]() | 10 Dec 2024 |
![]() | 12 Dec 2024 |
![]() | 13 Dec 2024 |
![]() | ₹9.17Cr |
![]() | 600 |
Niche Focus.
Agility and Flexibility.
Personalized Service.
Innovative Approaches.
Cost-Effectiveness.
Strong Brand Identity.
Customer-Centric Approach.
Strategic Partnerships.
Digital Competence.
Continuous Learning and Improvement.
The company is in at a nascent stage in a fast- evolving dynamic industry. If its services does not gain market acceptance, the company operating results may be negatively affected.
The company requires certain approvals and licenses in the ordinary course of business and the failure to successfully obtain such registrations would adversely affect its operations, results of operations and financial condition.
The company has not entered into any long-term contracts with any of its clients.
The company operations are significantly located in the Chennai region and failures to expand its operations may restrict the company growth and adversely affect its business.
If the company fails to acquire new consumers or fails to do so in a cost-effective manner, its may not be able to increase revenue or maintain profitability.
The company success is dependent on its Promoter, management team and skilled manpower. The company inability to attract and retain key personnel or the loss of services of its Promoter or Managing Director and Whole Time Director may have an adverse effect on its business prospects.
The property used by the Company for the purpose of its operations are not owned by the company. Any termination of the relevant lease agreements or rent agreements in connection with such property or its failures to renew the same could adversely affect the company operations.
Its top ten customers contribute majority of the company revenues from operations. Any loss of business from one or more of them may adversely affect its revenues and profitability.
The restated financial statements have been provided by peer reviewed chartered accountants who is not statutory auditor of the Company as required under the provisions of ICDR.
The company has experienced negative cash flows in the past. Any such negative cash flows in the future could affect its business, results of operations and prospects.
Investors | Holdings % |
Narayanan Jayan | 40% |
Reshma Budhia | 40% |
Sudhanshu Budhia | 0% |