Kody Technolab IPO GMP Details
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Founded in 2017, Kody Technolab Limited specializes in providing software development services across various industries. The company offers a wide 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) services, and IT consulting services.
As of June 2023, Kody Tech has a team of over 106 employees, comprising developers, designers, project managers, and quality assurance specialists.
For the fiscal year ending on March 31, 2023, Kody Tech reported Total Income of Rs. 1109.10 Lakhs and Restated Profit after Tax of Rs. 318.09 Lakhs. In the previous fiscal year ending on March 31, 2022, the company’s Total Income and Restated Profit after Tax stood at Rs. 384.20 Lakhs and Rs. 62.13 Lakhs, respectively. This marks a significant growth compared to the Total Income and Restated Profit after Tax of Rs. 248.16 Lakhs and Rs. (10.80) Lakhs, respectively, for the fiscal year ending on March 31, 2021.
Objects of the Issue
The net proceeds from the Fresh Issue will be allocated to the following objectives:
- Funding capital expenditure for establishing a development center at Gift City, Gandhinagar.
- Meeting the incremental working capital requirements of the company.
- Repayment or prepayment of specific borrowings obtained by the company.
- General corporate purposes.
- Covering the expenses related to the issue.
Kody Technolab IPO Details
The Kody Technolab IPO is a Fixed Price Issue with a total issue size of ₹27.52 Crores. The IPO is priced at ₹160 per share, and it is set to be listed on NSE SME.
IPO Date | September 15, 2023 to September 20, 2023 |
Listing Date | September 28, 2023 |
Face Value | ₹10 per share |
Price | ₹160 per share |
Lot Size | 800 Shares |
Total Issue Size | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
Fresh Issue | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
Issue Type | Fixed Price Issue IPO |
Listing At | NSE SME |
Share holding pre issue | 4,653,780 |
Share holding post issue | 6,373,780 |
Market Maker portion | 86,400 shares Spread X Securities |
DRHP Draft Prospectus: | Click Here |
RHP Draft Prospectus: | Click Here |
Kody Technolab IPO Reservation
Other Shares Offered | 50% of the net offer |
Retail Shares Offered | 50% of the net offer |
Kody Technolab IPO Lot Size
The minimum lot size for the Kody Technolab IPO is 800 shares, which amounts to ₹128,000.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 800 | ₹128,000 |
Retail (Max) | 1 | 800 | ₹128,000 |
HNI (Min) | 2 | 1,600 | ₹256,000 |
Kody Technolab IPO Dates
Kody Technolab IPO opens on September 15, 2023, and closes on September 20, 2023.
IPO Open Date | Friday, September 15, 2023 |
IPO Close Date | Wednesday, September 20, 2023 |
Basis of Allotment | Monday, September 25, 2023 |
Initiation of Refunds | Tuesday, September 26, 2023 |
Credit of Shares to Demat | Wednesday, September 27, 2023 |
Listing Date | Thursday, September 28, 2023 |
Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2023 |
Kody Technolab Limited Financial Report
Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
---|---|---|---|
Assets | 115.14 | 238.04 | 1,452.55 |
Revenue | 248.16 | 384.20 | 1,109.10 |
Profit After Tax | -10.80 | 62.13 | 318.09 |
Net Worth | -171.16 | -109.03 | 469.35 |
Reserves and Surplus | -172.16 | -110.03 | 123.99 |
Total Borrowing | 150.39 | 161.47 | 746.79 |
Key Performance Indicator of Kody Technolab Ltd
KPI | Values |
---|---|
P/E (x) | 22.66 |
ROE | 176.59% |
ROCE | 97.37% |
Debt/Equity | 1.59 |
EPS (Rs) | 7.06 |
RoNW | 67.77% |
Kody Technolab IPO Promoter Holding
Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel and Mrs. Pooja Sunny Patel are the promoters of the company.
Pre Issue Share Holding | 100.00% |
Post Issue Share Holding | 73.01% |
Kody Technolab 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 Registrar
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: kody.ipo@kfintech.com
Kody Technolab IPO FAQs
What is the Kody Technolab IPO?
The Kody Technolab IPO is a SME IPO offering 1,720,000 equity shares with a face value of ₹10, aggregating up to ₹27.52 Crores. The IPO is priced at ₹160 per share, with a minimum order quantity of 800 shares. The IPO opens on September 15, 2023, and closes on September 20, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are intended to be listed on NSE SME.
How can I apply for the Kody Technolab IPO through Zerodha?
Zerodha customers can apply for the Kody Technolab IPO online using UPI as a payment gateway. To apply, Zerodha customers should log in to Zerodha Console (back office) and submit an IPO application form.
Here are the steps to apply for the Kody Technolab IPO through Zerodha:
1. Visit the Zerodha website and log in to Console.
2. Go to Portfolio and click on the IPOs link.
3. Find the ‘Kody Technolab IPO’ row and click the ‘Bid’ button.
4. Enter your UPI ID, Quantity, and Price.
5. Submit the IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
When will the Kody Technolab IPO open?
The Kody Technolab IPO is scheduled to open on September 15, 2023, and will close on September 20, 2023.
What is the lot size of the Kody Technolab IPO?
The lot size for the Kody Technolab IPO is 800 Shares, and the minimum amount required for application is ₹128,000.
How can I apply for the Kody Technolab IPO?
You can apply for the Kody Technolab IPO online using either UPI or ASBA as the payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who do not provide banking services. For more details on applying for IPOs online, you can read about it on Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank, and SBI Bank.
When will the Kody Technolab IPO allotment take place?
The Basis of Allotment for the Kody Technolab IPO is scheduled to be finalized on Monday, September 25, 2023. The allotted shares will be credited to your demat account by Wednesday, September 27, 2023. You can check the Kody Technolab IPO allotment status for details.
When is the Kody Technolab IPO listing date?
The listing date for the Kody Technolab IPO has not been announced yet. The tentative date for the listing is Thursday, September 28, 2023.