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Fidel Softech Limited IPO (Fidel Softech IPO) Detail

May 30, 2022 - Jun 2, 2022

Fidel Softech Limited is a LangTech Consulting company that provides technological services with local language user interfaces and user experiences. Fidel Softech Limited was incorporated in 2003 and is located in Pune, Maharashtra.

Fidel Softech offers a wide range of services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training, Software development & Cloud infrastructure support services, localisation services; such as Translation, Interpretation, Content creation, Multilingual data creation, transcription & Annotation for training AI engines, Video subtitling and other video audio services, Data engineering, testing, scripting and tooling services.

Fidel Softech Limited's customer base is spread across the globe with a presence in countries like Argentina, Belgium, China, Cyprus, Czech Republic, Dubai, Egypt, Germany, Hong Kong, Ireland, Italy, Japan, Kingdom of Saudi Arabia, Malaysia, Mauritius, Netherlands, New Zealand, Poland, Portugal, Russia, Singapore, South Africa, South Korea, Spain, Sweden, Taiwan, Ukraine, United Arab Emirates, United Kingdom, and the United States of America.

Competitive Strengths

  • Offering technology services with local language UI/ UX.
  • Clients in both domestic and international markets.
  • Wide Service Portfolio.
  • Quality assurance.
  • Leveraging the experience of our promoters.

Company Financials

Fidel Softech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal Revenue Profit After Tax
31-Mar-201005.52280.4314.7
31-Mar-211758.12620.6345
31-Mar-222010.32686.7456.5
Amount in ₹ Lakhs

Objects of the Issue

The Company proposes to utilise the Net Proceeds towards funding the following objects:

1. Funding working capital requirements.

2. General corporate purposes.

Fidel Softech IPO Details

Fidel Softech IPO Date May 30, 2022 to Jun 2, 2022
Fidel Softech IPO Face Value ₹10 per share
Fidel Softech IPO Price ₹37 per share
Fidel Softech IPO Lot Size 3000 Shares
Issue Size3,650,000 shares of ₹10
(aggregating up to ₹13.51 Cr)
Fresh Issue3,650,000 shares of ₹10
(aggregating up to ₹13.51 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Retail Shares Offered50% of the net offer
NII (HNI) Shares Offered50% of the net offer
Company Promoters

Sunil Sudhakar Kulkarni and Prachi Sunil Kulkarni are the company promoters.

Fidel Softech IPO Timeline (Tentative Timetable)

Fidel Softech IPO opens on May 30, 2022, and closes on Jun 2, 2022. The Fidel Softech IPO bid date is from May 30, 2022 10.00 A.M. to Jun 2, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Fidel Softech IPO Opening Date May 30, 2022
Fidel Softech IPO Closing Date Jun 2, 2022
Basis of Allotment Jun 7, 2022
Initiation of Refunds Jun 8, 2022
Credit of Shares to Demat Jun 9, 2022
Fidel Softech IPO Listing Date Jun 10, 2022

Fidel Softech IPO Lot Size

The Fidel Softech IPO lot size is 3000 shares. A retail-individual investor can apply for up to 1 lots (3000 shares or ₹111,000).

Application Lots Shares Amount
Minimum 1 3000 ₹111,000
Maximum 1 3000 ₹111,000

Fidel Softech IPO Promoter Holding

Pre Issue Share Holding 98.98%
Post Issue Share Holding 72.72%

Fidel Softech IPO Review

The company is operating in a highly competitive and fragmented segment. Based on its financial track records, the issue appears fully priced. Cash surplus/risk seekers may consider an investment with a long term perspective. Read detail review...


Fidel Softech IPO Subscription Status (Bidding Detail)

The Fidel Softech IPO is subscribed 102.89 times on Jun 2, 2022 5:00:00 PM. The public issue subscribed 67.44 times in the retail category, times in the QIB category, and 138.34 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII138.34
Retail67.44
Total102.89

Fidel Softech IPO Prospectus

Fidel Softech IPO Rating

343
4.2
Rating:Rated 4.2 stars
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Fidel Softech IPO Listing Date

Listing Date Friday, June 10, 2022
BSE Script Code
NSE Symbol FIDEL
Listing In ST Group of Securities
ISIN INE0LQQ01019
IPO Price ₹37 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹37.00
Open: ₹59.10
Low: ₹59.10
High: ₹62.05
Last Trade: ₹62.05

Company Contact Information

Fidel Softech Limited
Unit No. 202, 2nd Floor, Marisoft 3,
West Wing, Marigold Software IT Park,
Vadgaon Sheri, Pune – 411 014
Phone: 020 – 4900 7878
Email: investor-relations@fidelsoftech.com
Website: https://fidelsoftech.com/

Fidel Softech IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com

Fidel Softech IPO Review

Fidel Softech IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 1 0 0
Members 11 3 0

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IPO Broker Recommendations

Fidel Softech IPO FAQs

Fidel Softech IPO is a SME IPO of 3,650,000 equity shares of the face value of ₹10 aggregating up to ₹13.51 Crores. The issue is priced at ₹37 per share. The minimum order quantity is 3000 Shares.

The IPO opens on May 30, 2022, and closes on Jun 2, 2022.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Zerodha customers can apply online in Fidel Softech IPO using UPI as a payment gateway. Zerodha customers can apply in Fidel Softech IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Fidel Softech 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 'Fidel Softech 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 Fidel Softech IPO opens on May 30, 2022 and closes on Jun 2, 2022.

Fidel Softech IPO lot size is 3000 Shares and the minimum order quantity is .

You can apply in Fidel Softech 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 Fidel Softech IPO will be done on Jun 7, 2022, and the allotted shares will be credited to your demat account by Jun 9, 2022. Check the Fidel Softech IPO allotment status.

The Fidel Softech IPO listing date is on Friday, June 10, 2022.
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