Published on Sunday, December 9, 2018 by Dilip Davda
Xelpmoc Design and Tech Ltd. (Xelp) is a Bengaluru based startup in the field of technology, data science, and design. The solution offered by Xelp include:
Xelp works with businesses from early-stage start-ups to the world's leading brands. It provides technology and data science solutions that solve the problems of today as well as define the opportunities of the future.
Xelp is headquartered in Bengaluru and has offices in Kolkata, Gurugram, and Mumbai.
Xelpmoc, if reversed, is 'Complex'. Xelp business vertical and models are having complexity for understanding its intrinsic value with IPRs developed. Such activities are valued well in developed countries but in India, it's in a premature stage.
Xelp filed its offer documents (Xelp DRHP Document) for the primary offer in September 2018. It received SEBI's go-ahead in Nov 2018. It is planning a 'Mini' Main Board IPO of around Rs 23 crores for listing on NSE and BSE. Issue is reserved for QIBs 75%, HNIs 15%, and Retail 10%. The issue is expected in mid-January 2019.
In fact when we have witnessed IPOs of up to Rs. 90 crore on SME platform in the recent past, such a small main board IPO has become the talk of the town.
DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at own risk. Investors should bear in mind that any investment in stock markets are subject to unpredictable market related risks. Above information is based on RHP and other documents available as of date coupled with market perception. Author has no plans to invest in this offer.
(SEBI registered Research Analyst-Mumbai).
About Dilip Davda
Dilip Davda is veteran journalist associated with stock market since 1978. He is contributing to print and electronic media on stock markets/insurance/finance since 1985.
Dilip Davda is a leading reviewer of public issues and NCDs in the primary stock market in India. The knowledge he gained over 3 decades while working in the stock market and a strong relationship with popular lead managers makes his reviews unique. His detail fundamental and financial analysis of companies coming up with IPO helps investors in the primary stock market. Dilip Davda has a special interest in analyzing the SME companies and writing reviews about their public issues. His reviews are regularly published online and in news papers.
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