All E Technologies SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 09 Dec 2022 – 13 Dec 2022
- Listing date
- 21 Dec 2022
- Face value
- ₹10 per share
- Issue price
- ₹90 per share
- Lot size
- 1,600 shares
- Total issue size
- ₹48.20 Cr
- Market cap at offer price
- ₹182 Cr
- Promoter holding
- 65.80% → 49.95% pre-issue → post-issue
- ISIN
- INE0M2X01012
- Registrar
- Skyline Financial Services Pvt.Ltd.
- Lead managers
- Unistone Capital Pvt.Ltd.
- Registered office
- UU-14, Vishakha, Enclave, Pitampura, New Delhi
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 15,24,800 | — | — |
| Market maker | 2,68,800 | — | — |
Application size
Minimum 1,600 shares per lot, in multiples, at ₹90
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 1,600 | ₹1,44,000 |
| S-HNI (min) | 2 | 3,200 | ₹2,88,000 |
| S-HNI (max) | 6 | 9,600 | ₹8,64,000 |
| B-HNI (min) | 7 | 11,200 | ₹10,08,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 6.94 | — |
| P/E (×) | 12.97 | — |
| Market cap | — | ₹182 Cr |
Key performance indicators
- Return on net worth
- 24.61%
- PAT margin
- 11.36%
- NAV per share
- ₹29
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About All E Technologies SME
All E Technologies Limited (Alletec), incorporated on June 16, 2000 and converted to a public company in May 2022, is a Microsoft Business Applications & Digital Transformation company. The company helps clients stay ahead in the digital era by leveraging Microsoft Dynamics 365, Power Platform, Data & AI powered by Microsoft Azure, and collaboration platforms. Alletec provides consulting services for solution assessments, product licenses, solution implementation, enhancements, and ongoing support. The company also provides offshore technology services to large Microsoft Business Applications partners from USA and Europe. The company operates globally with subsidiaries in Switzerland, Australia, and USA, serving clients across India and internationally.
Company Analysis
from RHPAll E Technologies Limited is a Microsoft Business Applications & Digital Transformation company providing consulting, implementation, and support services for enterprise resource planning, customer relationship management, and business process solutions.
All E Technologies Limited (Alletec), incorporated on June 16, 2000 and converted to a public company in May 2022, is a Microsoft Business Applications & Digital Transformation company. The company helps clients stay ahead in the digital era by leveraging Microsoft Dynamics 365, Power Platform, Data & AI powered by Microsoft Azure, and collaboration platforms. Alletec provides consulting services for solution assessments, product licenses, solution implementation, enhancements, and ongoing support. The company also provides offshore technology services to large Microsoft Business Applications partners from USA and Europe. The company operates globally with subsidiaries in Switzerland, Australia, and USA, serving clients across India and internationally.
Objects of the Issue
- Expansion of Business ₹2,500.00 Lacs p.27
- Acquisitions of Businesses in similar or complementary areas ₹1,000.00 Lacs p.27
- General Corporate Purposes ₹435.38 Lacs p.27
- Expansion of Business ₹2,500.00 Lacs p.82
- Acquisitions of Businesses in similar or complementary areas ₹1,000.00 Lacs p.83
- General Corporate Purposes ₹435.38 Lacs p.84
- Funding capex for new infrastructure and technology initiatives p.126
Issue Structure
- Total Issue
- ₹4,819.68 Lakhs
- Fresh Issue
- ₹4,377.60 Lakhs (48,64,000 Equity Shares)
- Offer for Sale
- ₹442.08 Lakhs (4,91,200 Equity Shares)
- Price Band
- ₹87 to ₹90 per Equity Share (Floor Price to Cap Price)
- Lot Size
- 1,600 Equity Shares (Bid Lot and minimum allotment)
- Face Value
- ₹10 per Equity Share
Business Model
The company earns revenue through multiple streams: consulting services for solution assessments, provision of product licenses, solution implementation services, solution enhancements, and ongoing customer support. Additionally, the company provides offshore technology services to Microsoft Business Applications partners in USA and Europe.
Business Segments
SWOT Analysis
- • Microsoft partnership and technology integration(p.34)
- • Digital Transformation positioning in growing market(p.26)
- • Diversified service portfolio across industries(p.26)
- • Multiple revenue streams including offshore services(p.26)
- • Over 750 successful customer implementations with highest customer acquisition among Indian partners(p.103)
- • Extensive experience across 30+ countries and diverse industries(p.108)
- • Strong Microsoft partnership and ecosystem positioning(p.110)
- • High repeat business from existing customers demonstrating customer retention(p.87)
- • Significant intellectual property portfolio listed on Microsoft AppSource(p.114)
- • Large pool of experienced resources with strong employer brand(p.113)
- • Strategic Microsoft partnerships across multiple geographies(p.126)
- • Established track record in Microsoft Dynamics with 2+ decades of experience(p.136)
- • Diversified portfolio of Microsoft partnerships across Business Applications, Cloud, and ISV development(p.126)
- • Global presence across 30+ countries with established client base(p.126)
- • Material D365 Business Central India localization responsibility from Microsoft(p.126)
- • Heavy dependence on Microsoft technology and partnership(p.34)
- • Reliance on key management personnel(p.40)
- • Subsidiary losses and performance concerns(p.41)
- • Lack of registered intellectual property protection(p.42)
- • No alternate financing arrangements for growth plans(p.40)
- • Pending acquisition targets and expansion uncertainty(p.34)
- • Promoter shareholding concentration and conflict of interest(p.43)
- • Outstanding litigation involving independent directors(p.42)
- • Heavy dependence on top customers for revenue(p.112)
- • Concentration of revenue from a limited set of offerings within Microsoft ecosystem(p.101)
- • Limited standalone brand recognition outside Microsoft ecosystem(p.112)
- • Loss-making international subsidiaries in Australia and Switzerland(p.133)
- • Concentrated shareholding with founder holding 64.76% pre-IPO(p.139)
- • One material subsidiary (All E Consulting) generates declining revenue(p.128)
- • Business expansion in India and international markets(p.27)
- • Digital transformation market growth trajectory(p.26)
- • Increase development center capacity for growth(p.34)
- • Strategic acquisitions in complementary areas(p.34)
- • Expansion of sales and pre-sales capabilities in EMEA and APAC regions(p.34)
- • Rapid growth of Microsoft Dynamics 365 business globally(p.103)
- • Expansion into international geographies including Africa(p.109)
- • Growth in Data & AI and Business Intelligence segments(p.109)
- • Inorganic growth through acquisitions of complementary businesses(p.109)
- • Growing demand for digital transformation services in Indian economy(p.98)
- • Expansion into Europe and Africa markets(p.126)
- • Growing demand for cloud-based solutions and digital transformation(p.127)
- • Increasing international revenue contribution trend(p.127)
- • Channel partner program with ~50 partner ecosystem(p.126)
- • Intense competition from larger global system integrators(p.35)
- • Rapid technological changes and obsolescence risk(p.33)
- • Foreign exchange rate fluctuations(p.42)
- • Global economic and geopolitical risks(p.46)
- • Regulatory compliance complexities across geographies(p.36)
- • Pandemic and natural disaster risks(p.46)
- • Client contract termination and dependence risks(p.25)
- • Political instability in India(p.46)
- • Intense competition from larger global system integrators(p.112)
- • Competition from competing ERP/CRM products in the market(p.112)
- • Rapid technological change and evolving customer requirements(p.84)
- • Dependence on Microsoft product roadmap and partnership(p.113)
- • Geopolitical disruptions affecting operations and talent(p.100)
- • High dependence on Microsoft as primary technology partner and product supplier(p.126)
- • Intense competition from existing and potential market entrants(p.197)
- • Forex exposure from international operations in multiple currencies(p.166)
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Dr. Ajay Mian | Promoter | 64.76% | — |
| Dr. Suman Mian | Promoter | 1.04% | — |
| ESOP 2009 | Selling Shareholder/Other Selling Shareholder | 13.66% | — |
| Dr. Ajay Mian | Promoter | 64.76% | 49.16% |
| Dr. Suman Mian | Promoter | 1.04% | 0.79% |
| Dr. Ajay Mian | Promoter/Managing Director | 64.76% | 49.16% |
| Dr. Suman Mian | Promoter/Non-Executive Director | 1.04% | 0.79% |
| ESOP 2009 | Selling Shareholder | — | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.