AAA Technologies Limited IPO (AAA Technologies IPO) Detail

Sep 30, 2020 - Oct 5, 2020

Incorporated in 2000, AAA Technologies is an IT and Information Security Auditing & Consulting Company. The company offers a wide range of IT auditing services such as Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security, and IT governance services.

Its product and service portfolio covers IT services and auditing operating systems, networking, IDS, web application, ERP, core banking, ATM, forensic, websites, computer crime investigations, etc. AAA Technologies offer its services across industries such as banking, financial institutions, insurance, NBFCs, government, Panchayats, municipalities, stockbrokers, education, Travel & Transport, Hospitality, Manufacturing, Healthcare, Power, etc.

Competitive Strengths

• Great Quality IT and IT auditing & consulting Services.
• Diversified customer base across industries.
• Strong balance sheet and profitability growth.
• Experienced promoters' team.
• Well-designed capital structure with low dependency over debt.

Company Promoters:

Mr. Anjay Ratanlal Agarwal, Mr. Venugopal Madanlal Dhoot, and Mrs. Ruchi Anjay Agarwal are the promoters of the company.

Company Financials:

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lacs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	1,420.38	942.83	1002.56
Total Revenue	1,424.74	1,047.49	1,040
Profit After Tax	369.80	206.02	99.97

Objects of the Issue:

The net proceed from the IPO will be used towards following objectives;
• To use funds for expansion and development of business operations.
• To meet the working capital requirements and security deposit towards bank guarantees/LC.
• To meet issue-related expenses.

AAA Technologies IPO Details

IPO Date	Sep 30, 2020 - Oct 5, 2020
Issue Type	Fixed Price Issue IPO
Issue Size	2,436,000 Eq Shares of ₹10 (aggregating up to ₹10.23 Cr)
Face Value	₹10 per equity share
IPO Price	₹42 per equity share
Market Lot	3000 Shares
Min Order Quantity	3000 Shares
Listing At	NSE SME

AAA Technologies IPO Tentative Date / Timetable

Bid/Offer Opens On	Sep 30, 2020
Bid/Offer Closes On	Oct 5, 2020
Finalisation of Basis of Allotment	Oct 8, 2020
Initiation of Refunds	Oct 9, 2020
Credit of Shares to Demat Acct	Oct 12, 2020
IPO Shares Listing Date	Oct 13, 2020

AAA Technologies IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	3000	₹126,000
Maximum	1	3000	₹126,000

AAA Technologies IPO Promoter Holding

Pre Issue Share Holding	100%
Post Issue Share Holding	71.51%

AAA Technologies IPO Subscription Status (Bidding Detail)

AAA Technologies IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	1,156,500	1,156,500	2,313,000
Oct 5, 2020 17:00	2.47x	2.31x	2.39x

AAA Technologies IPO Prospectus

› AAA Technologies IPO DRHP
› AAA Technologies IPO RHP

AAA Technologies IPO Rating

134

3.3

Rating:

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AAA Technologies IPO Listing Date

Listing Date	Tuesday, October 13, 2020
BSE Script Code
NSE Symbol	AAATECH
Listing In
ISIN	INE0D0U01013
IPO Price	₹42 per equity share
Face Value	₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

	NSE SME
IPO Price:	₹42.00
Open:	₹44.50
Low:	₹42.30
High:	₹44.60
Last Trade:	₹43.60
Volume:	261,000

AAA Technologies IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

Company Contact Information

AAA Technologies Limited
278-280, F Wing, Solaris 1, Saki Vihar Road
Opp. L&T Gate No. 6, Powai
Andheri East, Mumbai - 400072

Phone: +91-22-28573815/16
Email: info@aaatechnologies.co.in
Website: http://www.aaatechnologies.co.in

AAA Technologies IPO Registrar

Link Intime India Private Ltd
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: aaa.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

AAA Technologies IPO Lead Manager(s)

Chartered Finance Management Ltd

Lead Manager Reports

AAA Technologies IPO FAQs

What is AAA Technologies IPO?

AAA Technologies IPO is a SME IPO of 2,436,000 equity shares of the face value of ₹10 aggregating up to ₹10.23 Crores. The issue is priced at ₹42 per equity share. The minimum order quantity is 3000 Shares.

The IPO opens on Sep 30, 2020, and closes on Oct 5, 2020.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
How to apply in AAA Technologies IPO through Zerodha?
Zerodha customers can apply online in AAA Technologies IPO using UPI as a payment gateway. Zerodha customers can apply in AAA Technologies IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in AAA Technologies IPO through Zerodha
1. Visit the Zerodha website and login to Console.
2. Go to Portfolio and click the IPOs link.
3. Go to the 'AAA Technologies IPO' row and click the 'Bid' button.
4. Enter your UPI ID, Quantity, and Price.
5. ‘Submit’ IPO application form.
6. Visit the UPI App (net banking or BHIM) to approve the mandate.
Visit Zerodha IPO Application Process Review for more detail.
When AAA Technologies IPO will open?

The AAA Technologies IPO opens on Sep 30, 2020 and closes on Oct 5, 2020.
What is the lot size of AAA Technologies IPO?

AAA Technologies IPO lot size is 3000 Shares and the minimum order quantity is 3000 Shares.
How to apply for AAA Technologies IPO?

You can apply in AAA 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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.
When AAA Technologies IPO allotment?

The finalization of Basis of Allotment for AAA Technologies IPO will be done on Oct 8, 2020, and the allotted shares will be credited to your demat account by Oct 12, 2020. Check the AAA Technologies IPO allotment status.
When is AAA Technologies IPO listing date?

The AAA Technologies IPO listing date is on Tuesday, October 13, 2020.

AAA Technologies IPO Message Board

Ranked Members

34. Aniketiaf

4 |

|Oct 5, 2020 19:53 Reply

IPO Guru (1200+ Posts, 7500+ Likes)

Finally applied.

Load more comments (7 replies)

34.8. Aniketiaf

3 |

|Oct 12, 2020 19:52

IPO Guru (1200+ Posts, 7500+ Likes)

AKMP,
Allotted one lot. As it's Sme, so no partial selling possible hence I will likely to follow the rule made by RAJAKUMAR JI-
IN SME, PROFIT HO YA LOSS, LISTING DAY PAR HI EXIT HO JANA HAI.
Thanks.

34.9. Anurup

1 |

|Oct 16, 2020 21:07

Sir,
Have u sold or kept

33. Earthking

|Oct 14, 2020 07:12 Reply

Check yesterday's bulk deal data , Miker financials consultants Pvt LTD bought 216000 shares at price 43.39 ...

32. AKMP

|Oct 13, 2020 17:09 Reply

Need emerge platform

31. Nishiket

|Oct 13, 2020 16:18 Reply

What is the CMP.. not to be shown any where ?

31.1. AKMP

|Oct 13, 2020 17:07

Open around 44
Low 42.30
Close 44.5
Weighted average 43.3
Volume around 240000

30. IPO Masterr

|Oct 13, 2020 09:44 Reply

Super listing

29. CA nkn

1 |

|Oct 12, 2020 12:42 Reply

i applied 1 lot not get allotment.,, it is good profit making company.

28. IPOANALYSIS

|Oct 9, 2020 16:07 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

Ksolves has now more than doubled the issue price. Small IT companies doing well. Since it is debt free it should do well in long term. Shirt term can't be predicted for SME. This alloted should hold for some time .it's quite cheap in P/E terms.

27. deep d

|Oct 9, 2020 12:57 Reply

New Member

applied 1, not got allotment.
lien removed in AXIS bank

26. jstm

4 |

|Oct 6, 2020 14:08 Reply

IPO Mentor (900+ Posts, 2000+ Likes)

See who the promoter is ?
dhoot !
venugopal dhoot !

Name of videocon promoter is also venugopal dhoot !

26.1. Scrip

|Oct 6, 2020 20:31

Videocon Promoter Name:
VENUGOPAL NANDLAL DHOOT

AAA Technology Limited Promoter Name:
Venugopal Madanlal Dhoot

Both are different

26.2. jstm

1 |

|Oct 7, 2020 12:31

IPO Mentor (900+ Posts, 2000+ Likes)

I mean to say
Like chemcon chem. and jet airways.
Name Naresh goyal common in both.
Both have pending litigation case in court.
Let's see dhoot also becomes dhoot or...

25. Ipo Masterr

|Oct 5, 2020 09:51 Reply

Last Day or decider day.

I feel it will sail through.

Wonders will begin if subscription figures climbs over 2x around 1pm and around 5x at close

24. spars

|Oct 2, 2020 18:12 Reply

Tepid listing expected.

Concern raised on Glassdoor fair and it has to be consider..

Undoubtedly GM and AAA are good but risky deal

IMO
Both can list with reasonable gains.

I am avoiding both the sme ipo .

23. Carn Mohan

|Oct 2, 2020 12:38 Reply

IPO Mentor (700+ Posts, 200+ Likes)

Dear new investors triple A is company name not a AAA rated company.

22. IPOANALYSIS

|Oct 1, 2020 19:01 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

How subscription may work in SME IPO. Get company agents to fill application, few relatives. In beginning subscription is shown. Retailer get trapped and apply
The others withdraw application on last day .that's why you will see actual subscription very low in the final list.

22.1. Kishore S

|Oct 1, 2020 21:39

Yes. It is easy to manipulate SME IPOs. That's why they are not meant for small investors

21. IPOANALYSIS

|Oct 1, 2020 18:50 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

Recent few listing today listing secmark consultants closed 5 pc lower circuit. Hippo issue price 100 now 44 rs. Bonlon 28 now at 16 rs. Avoid apply in SME IPO to avoid huge capital loss.

20. IPOANALYSIS

|Oct 1, 2020 15:46 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

One of the most poorly rated company in Glassdoor. Glassdoor which has 6 employee refer the company with 1 rating which is lowest
Last time it was with fourth dimension solution
Another SME company which was debt free when came with IPO has now closed operation. Please check fourth dimension solution which has similar reviews

19. IPOANALYSIS

|Oct 1, 2020 12:15 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

No record or track of LM. Check fate of recent listing with new LM like secmark consultancy . Clear Avoid

18. SKC

|Sep 30, 2020 19:33 Reply

Was checking Glassdoor comments on the company from Ex- employees.

Looks like the company is very poorly managed like a local road side company. The employees who have worked their have mentioned that AAA is most unprofessionally managed company. They do not even get salary slips too. Getting in to company is easy but exiting with with proper documentation is very difficult or impossible. Most unethical company as per X-employees. Better to do some more research on the fundamentals of the company as the balance sheets may be manipulated too :).

17. IPOANALYSIS

|Sep 30, 2020 11:05 Reply

IPO Guru (1700+ Posts, 1300+ Likes)

New lead manager .hence very risky. Avoid for me

16. ARVIND BANSAL

|Sep 29, 2020 19:48 Reply

dear experts
please suggest ,invest in AAA or not

15. Black Swan

|Sep 29, 2020 16:53 Reply

Never bought/sold on NSE Emerge platform. How does it work.
When placing order do we select exchange as NSE and execute it ?
Thanks in advance

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