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Mindpool Technologies IPO is a fixed price issue of Rs 3.60 crores.
Mindpool Technologies IPO bidding started from February 14, 2019 and ended on February 20, 2019. The shares got listed on NSE SME on February 28, 2019.
Mindpool Technologies IPO price is ₹30 per share. The minimum lot size for an application is 4000 Shares. The minimum amount of investment required by retail investors is ₹120,000.
Hem Securities Limited is the book running lead manager of the Mindpool Technologies IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.
Refer to Mindpool Technologies IPO RHP for detailed information.
| IPO Date | February 14, 2019 to February 20, 2019 |
| Listing Date | February 28, 2019 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 1,200,000 shares (aggregating up to ₹3.60 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 64,000 shares |
Mindpool Technologies IPO offers 1,200,000 shares. 568,000 (47.33%) to NII, 568,000 (47.33%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 64,000 (5.33%) |
| Other Shares Offered | 568,000 (47.33%) |
| Retail Shares Offered | 568,000 (47.33%) |
| Total Shares Offered | 1,200,000 (100%) |
Investors can bid for a minimum of 4000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 4000 | ₹120,000 |
| Retail (Max) | 1 | 4000 | ₹120,000 |
| Lot Size Calculator | |||
The promoters of the company are Ritesh R Sharma and Poonam R Sharma. The promoters hold 99.10 % of the pre-issued Equity Share capital of the company.
| Share Holding Pre Issue | 99.10% |
| Share Holding Post Issue | 71.27% |
Incorporated in 2011, Mindpool Technologies Limited is a Pune based company engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions, and Corporate Training Services. The company offers these services across industries including automotive and engineering, banking and financial services, healthcare, retail, telecom, and Entertainment in India and US.
As of March 31, 2018, the company has served 22 clients. Some of the key clients of the company include Clairvoyant India Private Limited, Herbalife International India Private Ltd, HTC Global Services (India) Private Ltd, Inspirage Software Consulting Private Limited, and Opalforce INC etc
The company has 103 employees on its payroll.
The total revenue of the Company stood at Rs.1081.35 lakhs, Rs.2043.36 lakh, Rs.2537.77 lakhs and Rs.2078.07 lakh, for the period ended September 30, 2018, and fiscal years 2018, 2017 and 2016 respectively.
The Profit After Tax (PAT) stood at Rs. 146.20 lakhs, Rs. 163.22 lakh, Rs 129.25 lakh and Rs. (33.42) lakhs for the period ended September 30, 2018, and fiscal years 2018, 2017 and 2016 respectively.
Competitive Strengths of the Company-
1. A diverse range of services
2. Presence in the USA through a subsidiary company
3. Recurring business from established clients
| Particulars | For the year/period ended (in Rs. Lakhs) | |||||
|---|---|---|---|---|---|---|
| 30-Sep-18 | 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |||
| Total Assets | 1,556.36 | 1,393.26 | 1,679.83 | 1,315.05 | ||
| Total Revenue | 1,081.35 | 2,043.36 | 2,537.77 | 2,078.07 | ||
| Profit After Tax | 146.19 | 163.22 | 129.25 | (33.42) | ||
The objects of the Issue are to meet:
1. Working Capital Requirement- Rs 190.00 lakhs
2. Repayment of a portion of Bank Borrowings- Rs 44.00 lakhs
3. General Corporate purpose- Rs 33.40 lakhs
4. Issue Expenses- Rs 92.60 lakhs
[Dilip Davda]
MTL is in IT solution and staffing business which is providing ample opportunities for growth. It has sound financial track record. Issue is priced reasonably. However, stagnancy in top line for last one and half year performance raises concern. Investors may consider investment for long term.
Read detail review...The Mindpool Technologies IPO is subscribed 2.09 times on February 20, 2019 5:00:00 PM. The public issue subscribed 1.65 times in the retail category, times in the QIB category, and 2.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 2.53 |
| Retail | 1.65 |
| Total | 2.09 |
| Listing Date | February 28, 2019 |
| BSE Script Code | |
| NSE Symbol | MINDPOOL |
| ISIN | INE00RQ01019 |
| Final Issue Price | ₹30 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹30.00 |
| ₹30.00 |
| ₹28.50 |
| ₹30.00 |
| ₹28.50 |
Mindpool Technologies Limited
Unit No. 102/9 1st Floor, Building
Building �C?, Pune IT Park,
Bopodi, Pune-411020
Phone: 020 66240088
Email: info@mindpooltech.com
Website: http://www.mindpooltech.com/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Mindpool Technologies IPO is a SME IPO of 1,200,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on February 14, 2019, and closes on February 20, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Mindpool Technologies IPO opens on February 14, 2019 and closes on February 20, 2019.
Mindpool Technologies IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Mindpool Technologies IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Mindpool Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mindpool Technologies IPO allotment status.
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