Kody Technolab
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 15 Sep 2023 – 20 Sep 2023
- Listing date
- 27 Sep 2023
- Face value
- ₹10 per share
- Issue price
- ₹160 per share
- Lot size
- 800 shares
- Issue type
- Fixed Price issue
- Total issue size
- ₹27.52 Cr
- Market cap at offer price
- ₹102 Cr
- Promoter holding
- 100.00% → 73.01% pre-issue → post-issue
- ISIN
- INE0Q7P01013
- Registrar
- Kfin Technologies Ltd.
- Lead managers
- Beeline Capital Advisors Pvt.Ltd.
- Registered office
- 2nd Floor, Block-J, Safal Monde Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Gujarat
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Market maker | 86,400 | — | — |
Application size
Minimum 800 shares per lot, in multiples, at ₹160
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 800 | ₹1,28,000 |
| S-HNI (min) | 2 | 1,600 | ₹2,56,000 |
| S-HNI (max) | 7 | 5,600 | ₹8,96,000 |
| B-HNI (min) | 8 | 6,400 | ₹10,24,000 |
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.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 7.06 | — |
| P/E (×) | 22.66 | — |
| Market cap | — | ₹102 Cr |
Key performance indicators
- Return on net worth
- 67.77%
- ROCE
- 97.37%
- Debt / equity
- 1.59
- PAT margin
- 29.04%
- NAV per share
- ₹13.59
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Kody Technolab
Kody Technolab Limited was originally incorporated on May 5, 2017 as 'Kody Technolab Private Limited' and converted into a public limited company vide fresh certificate of incorporation dated April 11, 2023 (RoC, Ahmedabad); its registered office is in Bodakdev, Ahmedabad, Gujarat, with a development centre at GIFT City, Gandhinagar. It describes itself as a full-stack development company delivering custom software solutions, AI consultation & implementation, IoT services, AR development, enterprise mobility, CX strategy & design, digital transformation, business analytics & intelligence, robotics and IT consulting, and also deploys dedicated professionals on contract basis (staff augmentation). It markets services through sales representatives/presence in the USA, Canada and UK, with major revenue markets of India, Kuwait, USA and Germany (~45.29% of FY2023 revenue from exports). For the year ended March 31, 2023, the Company reported Total Income of Rs. 1109.10 Lakhs and Restated Profit after Tax of Rs. 318.09 Lakhs (vs Rs. 384.20 Lakhs and Rs. 62.13 Lakhs in FY2022), and had 106 employees on payroll as of June 2023.
Company Analysis
from RHPKody Technolab Limited is an India-based IT services company providing custom software development, AI consultation & implementation, IoT services and IT consulting to clients across industries.
Kody Technolab Limited was originally incorporated on May 5, 2017 as 'Kody Technolab Private Limited' and converted into a public limited company vide fresh certificate of incorporation dated April 11, 2023 (RoC, Ahmedabad); its registered office is in Bodakdev, Ahmedabad, Gujarat, with a development centre at GIFT City, Gandhinagar. It describes itself as a full-stack development company delivering custom software solutions, AI consultation & implementation, IoT services, AR development, enterprise mobility, CX strategy & design, digital transformation, business analytics & intelligence, robotics and IT consulting, and also deploys dedicated professionals on contract basis (staff augmentation). It markets services through sales representatives/presence in the USA, Canada and UK, with major revenue markets of India, Kuwait, USA and Germany (~45.29% of FY2023 revenue from exports). For the year ended March 31, 2023, the Company reported Total Income of Rs. 1109.10 Lakhs and Restated Profit after Tax of Rs. 318.09 Lakhs (vs Rs. 384.20 Lakhs and Rs. 62.13 Lakhs in FY2022), and had 106 employees on payroll as of June 2023.
Objects of the Issue
- Funding Capital Expenditure toward setting up development center at Gift City, Gandhinagar Rs. 273.52 Lakhs p.72
- Funding incremental Working Capital Requirement of our Company Rs. 1250.00 Lakhs p.74
- Repayment/ prepayment of certain borrowings availed by our Company Rs. 580.00 Lakhs p.75
- General Corporate Purpose Rs. 598.48 Lakhs p.76
- To Meet the Issue Expenses Rs. 50.00 Lakhs p.76
Issue Structure
- Total Issue
- Rs. 2752.00 Lakhs (17,20,000 Equity Shares of Rs. 10/- each at Rs. 160/- per Equity Share)
- Fresh Issue
- 17,20,000 Equity Shares of Rs. 160/- each (including share premium of Rs. 150/- per share) aggregating Rs. 2752.00 Lakhs
- Offer for Sale
- Nil
- Price Band
- Fixed Price Issue; Issue Price Rs. 160/- per Equity Share (16.00 times face value)
- Lot Size
- 800 equity shares (minimum trading lot size)
- Face Value
- Rs. 10/-
Business Model
The Company earns revenue from fees charged to clients for technology engagements: project-based custom software development (largest stream, Rs. 822.89 Lakhs in FY2023), supply of dedicated resources/skilled professionals on a contract basis (staff augmentation, Rs. 217.01 Lakhs), and AI/ML solution delivery (Rs. 55.35 Lakhs); revenue comes from both domestic Indian clients and exports (Kuwait, USA, Germany and others).
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Mr. Manav Subhashchandra Patel | Promoter | 89.88% | 65.62% |
| Mrs. Manali Krunal Patel | Promoter | 5.06% | 3.70% |
| Mrs. Pooja Sunny Patel | Promoter | 5.06% | 3.70% |
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.