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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 Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (Rs 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 to Oct 5, 2020
Listing Date Tuesday, October 13, 2020
Face Value ₹10 per share
Price ₹42 per share
Lot Size 3000 Shares
Issue Size2,436,000 shares of ₹10
(aggregating up to ₹10.23 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

AAA Technologies IPO Tentative Timetable

AAA Technologies IPO opens on Sep 30, 2020, and closes on Oct 5, 2020. The AAA Technologies IPO bid date is from Sep 30, 2020 10.00 A.M. to Oct 5, 2020 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.

Event Tentative Date
Opening Date Sep 30, 2020
Closing Date Oct 5, 2020
Basis of Allotment Oct 8, 2020
Initiation of Refunds Oct 9, 2020
Credit of Shares to Demat Oct 12, 2020
Listing Date Oct 13, 2020

AAA Technologies IPO Lot Size

The AAA Technologies IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹126,000).

Application Lots Shares Amount
Retail (Min) 1 3000 ₹126,000
Retail (Max) 1 3000 ₹126,000

AAA Technologies IPO Promoter Holding

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

AAA Technologies IPO Review

ATL has posted growth in bottom lines for the last three fiscals. On the basis of P/E and P/BV parameters, the issue appears reasonably priced. Being the first mover in the segment, this issue may get fancy post listing. Investors may consider an investment with a long term perspective. Read detail review...


AAA Technologies IPO Subscription Status (Bidding Detail)

The AAA Technologies IPO is subscribed 2.39 times on Oct 5, 2020 5:00:03 PM. The public issue subscribed 2.31 times in the retail category, times in the QIB category, and 2.47 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.47
Retail2.31
Total2.39

AAA Technologies IPO Prospectus

AAA Technologies IPO Rating

134
3.3
Rating:Rated 3.3 stars
Vote Here ...

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 share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹42.00
₹44.50
₹42.30
₹44.60
₹43.60

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

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

AAA Technologies IPO Review

AAA Technologies IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 0 0 0

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AAA Technologies IPO FAQs

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 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.

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.

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

AAA Technologies IPO lot size is 3000 Shares and the minimum order quantity is .

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.

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.

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

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56 Comments

35. Md Taukir alam |   Link |Dec 3, 2020 12:13:25 AM
Hello
34. Aniketiaf |   Link |Oct 5, 2020 8:53:18 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ Likes)
Finally applied.
34.8. Aniketiaf |   Link |Oct 12, 2020 8:52:54 PM
IPO Guru IPO Guru (1800+ Posts, 10200+ 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 |   Link |Oct 16, 2020 10:07:37 PM
Sir,
Have u sold or kept
33. Earthking |   Link |Oct 14, 2020 8:12:04 AM
IPO Mentor IPO Mentor (500+ Posts, 200+ Likes)
Check yesterday's bulk deal data , Miker financials consultants Pvt LTD bought 216000 shares at price 43.39 ...
32. AKMP |   Link |Oct 13, 2020 6:09:23 PM
Need emerge platform
31. Nishiket |   Link |Oct 13, 2020 5:18:16 PM
What is the CMP.. not to be shown any where ?
31.1. AKMP |   Link |Oct 13, 2020 6:07:48 PM
Open around 44
Low 42.30
Close 44.5
Weighted average 43.3
Volume around 240000
30. IPO Masterr |   Link |Oct 13, 2020 10:44:24 AM
Super listing
29. CA nkn |   Link |Oct 12, 2020 1:42:15 PM
i applied 1 lot not get allotment.,, it is good profit making company.
28. IPOANALYSIS |   Link |Oct 9, 2020 5:07:00 PM
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 |   Link |Oct 9, 2020 1:57:49 PM
IPO Mentor IPO Mentor (700+ Posts, 800+ Likes)
applied 1, not got allotment.
lien removed in AXIS bank
26. jstm |   Link |Oct 6, 2020 3:08:19 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ Likes)
See who the promoter is ?
dhoot !
venugopal dhoot !

Name of videocon promoter is also venugopal dhoot !
26.1. Scrip |   Link |Oct 6, 2020 9:31:34 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Videocon Promoter Name:
VENUGOPAL NANDLAL DHOOT

AAA Technology Limited Promoter Name:
Venugopal Madanlal Dhoot

Both are different
26.2. jstm |   Link |Oct 7, 2020 1:31:22 PM
IPO Guru IPO Guru (1300+ Posts, 3200+ 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 |   Link |Oct 5, 2020 10:51:56 AM
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 |   Link |Oct 2, 2020 7:12:13 PM
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 |   Link |Oct 2, 2020 1:38:04 PM
IPO Mentor IPO Mentor (900+ Posts, 400+ Likes)
Dear new investors triple A is company name not a AAA rated company.
22. IPOANALYSIS |   Link |Oct 1, 2020 8:01:32 PM
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 |   Link |Oct 1, 2020 10:39:42 PM
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Yes. It is easy to manipulate SME IPOs. That's why they are not meant for small investors
21. IPOANALYSIS |   Link |Oct 1, 2020 7:50:35 PM
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 |   Link |Oct 1, 2020 4:46:30 PM
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 |   Link |Oct 1, 2020 1:15:57 PM
No record or track of LM. Check fate of recent listing with new LM like secmark consultancy . Clear Avoid
18. SKC |   Link |Sep 30, 2020 8:33:04 PM
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 |   Link |Sep 30, 2020 12:05:34 PM
New lead manager .hence very risky. Avoid for me
16. ARVIND BANSAL |   Link |Sep 29, 2020 8:48:24 PM
dear experts
please suggest ,invest in AAA or not