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Kandarp Digi Smart BPO IPO is a fixed price issue of Rs 8.10 crores. The issue is entirely a fresh issue of 27 lakh shares.
Kandarp Digi Smart BPO IPO bidding started from September 16, 2022 and ended on September 20, 2022. The allotment for Kandarp Digi Smart BPO IPO was finalized on Friday, September 23, 2022. The shares got listed on NSE SME on September 28, 2022.
Kandarp Digi Smart BPO 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. The minimum lot size investment for HNI is 2 lots (8,000 shares) amounting to ₹240,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Kandarp Digi Smart BPO IPO, while Skyline Financial Services Private Ltd is the registrar for the issue.
Refer to Kandarp Digi Smart BPO IPO RHP for detailed information.
| IPO Date | September 16, 2022 to September 20, 2022 |
| Listing Date | September 28, 2022 |
| Face Value | ₹10 per share |
| Price | ₹30 per share |
| Lot Size | 4000 Shares |
| Total Issue Size | 2,700,000 shares (aggregating up to ₹8.10 Cr) |
| Fresh Issue | 2,700,000 shares (aggregating up to ₹8.10 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 140,000 shares |
Kandarp Digi Smart BPO IPO offers 2,700,000 shares. 1,280,000 (47.41%) to NII, 1,280,000 (47.41%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 140,000 (5.19%) |
| Other Shares Offered | 1,280,000 (47.41%) |
| Retail Shares Offered | 1,280,000 (47.41%) |
| Total Shares Offered | 2,700,000 (100%) |
Kandarp Digi Smart BPO IPO opens on September 16, 2022, and closes on September 20, 2022.
| IPO Open Date | Friday, September 16, 2022 |
| IPO Close Date | Tuesday, September 20, 2022 |
| Basis of Allotment | Friday, September 23, 2022 |
| Initiation of Refunds | Monday, September 26, 2022 |
| Credit of Shares to Demat | Tuesday, September 27, 2022 |
| Listing Date | Wednesday, September 28, 2022 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2022 |
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 |
| HNI (Min) | 2 | 8,000 | ₹240,000 |
| Lot Size Calculator | |||
Mr. Sunil Kumar Rai, Mrs. Meenakshi Pathak and M/s Reliable Data Services Limited are the company promoters.
| Share Holding Pre Issue | 100% |
| Share Holding Post Issue | 69.91% |
Incorporated in 2001, Kandarp Digi Smart BPO Limited is engaged in BPO services specializing in the area of support services solutions. The company provides a wide range of support services such as Call Centre, Contact Point Verifications, Site Visits, Document check/Pickup, E-KYC, Skip Tracing, Employee Back Check, Staffing Solutions, Payroll Management, Payment Collections (soft), AMC Booking Services etc. to its clients and specializes in providing End to End solutions to customers/clients.
The company has been in the current business line for more than 20 years and the client lists include various banks, insurance companies, financial service companies, etc. The company also helps clients with voice support services, field support services and Back Office Processing Services to provide a comprehensive range of services across all industry sectors to clients who need specialist assistance.
Kandarp Digi Smart BPO Limited has a Distribution Network all over India covering most parts of India and providing services across all cities of India.
Strengths :
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Reserves and Surplus |
|---|---|---|---|---|---|
| 31-Mar-19 | 928.15 | 1106.67 | 148.09 | 578.48 | 508.78 |
| 31-Mar-20 | 1191.15 | 1012.59 | 111.54 | 690.02 | 620.32 |
| 31-Mar-21 | 1719.64 | 1053.55 | 10.56 | 700.58 | 630.88 |
| 31-Mar-22 | 1860.42 | 1287.84 | 94.04 | 785.8 | 158.5 |
| Amount in ₹ Lakhs | |||||
The market capitalization of Kandarp Digi Smart BPO IPO is Rs 26.92 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 28.57 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
[Dilip Davda] The financial data of the company is not that impressive and is far away from matching the asking price. Based on FY22 earnings the issue appears aggressively priced. It operates in a highly competitive segment. The parent company which got listed on NSE SME is witnessing thin trades at a discount to its offer price. There is no harm in skipping this pricy bet. Read detail review...
The Kandarp Digi Smart BPO IPO is subscribed 1.84 times on September 20, 2022 7:00:00 PM. The public issue subscribed 2.80 times in the retail category, times in the QIB category, and 0.88 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 0.88 |
| Retail | 2.80 |
| Total | 1.84 |
| Listing Date | September 28, 2022 |
| BSE Script Code | |
| NSE Symbol | KANDARP |
| ISIN | INE0MOT01016 |
| 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 |
Kandarp Digi Smart BPO Ltd
GF-22 Hans Bhawan,
Bahadur Saha Zafar Marg,
New Delhi-110002
Phone: +91-120-2543069
Email: cs@kdsbpo.com
Website: https://www.kdsbpo.com/
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: ipo@skylinerta.com
Website: https://www.skylinerta.com/ipo.php
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Check our SME IPO Guide 
Kandarp Digi Smart BPO IPO is a SME IPO of 2,700,000 equity shares of the face value of ₹10 aggregating up to ₹8.10 Crores. The issue is priced at ₹30 per share. The minimum order quantity is 4000 Shares.
The IPO opens on September 16, 2022, and closes on September 20, 2022.
Skyline Financial Services Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kandarp Digi Smart BPO IPO using UPI as a payment gateway. Zerodha customers can apply in Kandarp Digi Smart BPO IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kandarp Digi Smart BPO IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kandarp Digi Smart BPO IPO opens on September 16, 2022 and closes on September 20, 2022.
Kandarp Digi Smart BPO IPO lot size is 4000 Shares, and the minimum amount required is ₹120,000.
You can apply in Kandarp Digi Smart BPO 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 Kandarp Digi Smart BPO IPO will be done on Friday, September 23, 2022, and the allotted shares will be credited to your demat account by Tuesday, September 27, 2022. Check the Kandarp Digi Smart BPO IPO allotment status.
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