Canarys Automations IPO Date, Price, Subscription, Allotment, Listing Details
Canarys Automations Limited, Incorporated in 1991, specializes in providing IT solutions focused on Digitalization, Modernization, Automation, and Intelligence. The company operates in two primary business verticals:
- Technology Solutions: Canarys offers a wide range of consulting solutions encompassing Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. Their technological expertise includes DevOps Consulting (utilizing platforms like Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (with a focus on Azure, AWS, GCP), Digital Enterprise Solutions employing SAP and MS Dynamics 365, Robotic Process Automation (RPA), Digital Applications, and Mobility Solutions.
- Water Resource Management Solutions: The company provides automation solutions designed to modernize irrigation practices, enhance water conservation, and improve water utilization efficiency. They offer turnkey services for flood risk assessment and mitigation. Canarys also specializes in cloud-based automation systems for water distribution in rivers and canals, along with SCADA (Supervisory Control and Data Acquisition) gate control systems.
Canarys Automations’ solutions cater to a diverse range of industry sectors, including BFSI (Banking, Financial Services, and Insurance), Retail, Healthcare, Pharmaceutical, Manufacturing, and Insurance, among others.
With a strong track record, Canarys has served over 1000 customers, not only within India but also internationally, spanning more than 10 countries, including the USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Sri Lanka, and Indonesia. These customers belong to various industries and benefit from the company’s innovative IT solutions.
Canarys Automations Limited
Bidding Starts
Bidding Ends
Allotment Date*
Listing Date
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.
Allotment Status Check
Objects of the Issue (Canarys Automations IPO Objectives)
The company plans to use the net proceeds from the issue for the following purposes:
- Funding expenditure for developing digital transformation and water resources management solutions.
- Establishing a new delivery center, including infrastructure, and upgrading existing facilities.
- Meeting the company’s working capital needs.
- Supporting general corporate purposes.
Canarys Automations IPO Details
The Canarys Automations IPO amounts to Rs 47.03 crores and comprises exclusively of 151.72 lakh newly issued shares.
| IPO Date | September 27, 2023 to October 3, 2023 |
| Listing Date | October 11, 2023 |
| Face Value | ₹2 per share |
| Price Band | ₹29 to ₹31 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 15,172,000 shares (aggregating up to ₹47.03 Cr) |
| Fresh Issue | 15,172,000 shares (aggregating up to ₹47.03 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 41,011,920 |
| Share holding post issue | 56,183,920 |
| Market Maker portion | 760,000 shares |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Canarys Automations IPO Reservation
| Other Shares Offered | – |
| Retail Shares Offered | – |
Canarys Automations IPO Lot Size
Investors can bid for a minimum of 4000 shares, and they can increase their bid in multiples of 4000 shares. Below is a summary of the minimum and maximum investment limits for retail investors and high-net-worth individuals (HNIs) in both shares and amounts.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹124,000 |
| Retail (Max) | 1 | 4000 | ₹124,000 |
| HNI (Min) | 2 | 8,000 | ₹248,000 |
Canarys Automations IPO Dates
Canarys Automations IPO opens on September 27, 2023, and closes on October 3, 2023.
| IPO Open Date | Wednesday, September 27, 2023 |
| IPO Close Date | Tuesday, October 3, 2023 |
| Basis of Allotment | Friday, October 6, 2023 |
| Initiation of Refunds | Monday, October 9, 2023 |
| Credit of Shares to Demat | Tuesday, October 10, 2023 |
| Listing Date | Wednesday, October 11, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on October 3, 2023 |
Canarys Automations Limited Financial Report
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 2,003.04 | 4,753.57 | 6,377.89 |
| Revenue | 2,578.22 | 5,199.93 | 7,547.28 |
| Profit After Tax | 210.42 | 455.81 | 852.51 |
| Net Worth | 1,258.17 | 1,683.44 | 2,537.91 |
| Reserves and Surplus | 546.90 | 755.40 | 1,609.87 |
| Total Borrowing | – | 879.33 | 1,415.61 |
Key Performance Indicator of Canarys Automations Ltd
| KPI | Values |
|---|---|
| EPS (Rs) | 4.29 |
| RoNW | 31.64% |
Canarys Automations IPO Anchor Investors Details
Canarys Automations IPO raises Rs 13.39 crore from anchor investors. Canarys Automations IPO Anchor bid date is September 26, 2023.
| Bid Date | September 26, 2023 |
| Shares Offered | 4320000 |
| Anchor Portion Size (In Cr.) | 13.39 |
| Anchor lock-in period end date for 50% shares (30 Days) | November 21, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | February 15, 2024 |
Canarys Automations IPO Promoter Holding
Mr. Metikurke Ramaswamy Raman Subbarao, Mr. Danavadi Krishnamurthy Arun, Mr. Raghu Chandrashekhariah, Mr. Sheshadri Yedavanahalli Srinivas, Mr. Pushparaj Shetty and Mr. Nagaraju Vineeth are the company’s promoters.
| Share Holding Pre Issue | 77.49% |
| Share Holding Post Issue | – |
Canarys Automations IPO Contact Details
Canarys Automations Limited
No. 566 & 567, 2nd Floor, 30th Main,
Attimabbe Road, Banagirinagara,
Banashankari 3rd Stage, Bengaluru – 560085
Phone: +91 98458 62780
Email: nagashree.hegde@ecanarys.com
Website: https://ecanarys.com/
Canarys Automations IPO Registrar
Link Intime India Private Ltd
Phone: +91-22-4918 6270
Email: canarys.ipo@linkintime.co.in
Website: https://linkintime.co.in/mipo/ipoallotment.html
Canarys Automations IPO FAQs
What is Canarys Automations IPO?
Canarys Automations IPO is a SME IPO consisting of 15,172,000 equity shares with a face value of ₹2, aggregating up to ₹47.03 Crores. The price range for the issue is ₹29 to ₹31 per share, and the minimum order quantity is 4000 Shares. The IPO subscription period is from September 27, 2023, to October 3, 2023.
The registrar for this IPO is Link Intime India Private Ltd, and the shares are proposed to be listed on NSE SME.
How can I apply for Canarys Automations IPO through Zerodha?
If you’re a Zerodha customer, you can apply for the Canarys Automations IPO online using UPI as a payment gateway. Here are the steps to apply:
1. Visit the Zerodha website and log in to Console.
2. Go to the Portfolio section and click on the IPOs link.
3. Find the ‘Canarys Automations IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity of shares, and Price.
5. Submit the IPO application form.
6. Visit your UPI App (net banking or BHIM) to approve the mandate.
When does the Canarys Automations IPO open and close?
The Canarys Automations IPO opens on September 27, 2023, and closes on October 3, 2023.
What is the lot size for Canarys Automations IPO?
The lot size for Canarys Automations IPO is 4000 Shares, and the minimum investment required is ₹124,000.
How can I apply for Canarys Automations IPO?
You can apply for Canarys Automations IPO online using UPI or ASBA as the payment method. ASBA IPO application is available in the net banking of your bank account, while UPI IPO application is offered by brokers who do not provide banking services.
When will the allotment of Canarys Automations IPO be finalized?
The Basis of Allotment for Canarys Automations IPO will be finalized on Friday, October 6, 2023, and the allotted shares will be credited to your demat account by Tuesday, October 10, 2023. You can check the IPO allotment status during that period.
When is the listing date for Canarys Automations IPO?
The listing date for Canarys Automations IPO has not been announced yet. The tentative listing date is Wednesday, October 11, 2023.
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