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Kody Technolab IPO is a fixed price issue of Rs 27.52 crores. The issue is entirely a fresh issue of 17.2 lakh shares.
Kody Technolab IPO bidding started from September 15, 2023 and ended on September 20, 2023. The allotment for Kody Technolab IPO was finalized on Monday, September 25, 2023. The shares got listed on NSE SME on September 27, 2023.
Kody Technolab IPO price is ₹160 per share. The minimum lot size for an application is 800 Shares. The minimum amount of investment required by retail investors is ₹128,000. The minimum lot size investment for HNI is 2 lots (1,600 shares) amounting to ₹256,000.
Beeline Capital Advisors Pvt Ltd is the book running lead manager of the Kody Technolab IPO, while Kfin Technologies Limited is the registrar for the issue. The market maker for Kody Technolab IPO is Spread X Securities.
Refer to Kody Technolab IPO RHP for detailed information.
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | September 27, 2023 |
| Face Value | ₹10 per share |
| Price | ₹160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
| Fresh Issue | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,653,780 |
| Share holding post issue | 6,373,780 |
| Market Maker portion | 86,400 shares Spread X Securities |
Kody Technolab IPO offers 1,720,000 shares. 816,800 (47.49%) to NII, 816,800 (47.49%) to RII.
| Investor Category | Shares Offered |
|---|---|
| Anchor Investor Shares Offered | - |
| Market Maker Shares Offered | 86,400 (5.02%) |
| Other Shares Offered | 816,800 (47.49%) |
| Retail Shares Offered | 816,800 (47.49%) |
| Total Shares Offered | 1,720,000 (100%) |
Kody Technolab IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to Demat | Wednesday, September 27, 2023 |
| Listing Date | Wednesday, September 27, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2023 |
Investors can bid for a minimum of 800 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 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
| Lot Size Calculator | |||
Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel and Mrs. Pooja Sunny Patel are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.01% |
Incorporated in 2017, Kody Technolab Limited provides software development services to a diverse set of industries.
The company provides Staff Augmentation, ML Development, AR Development and Implementation, Enterprise Mobility, CX Strategy and Design, Digital Transformation, Business Analytics and intelligence, Artificial Intelligence Robotics IT Consulting, Mobile and Web App Development, Internet of Things (IoT) services, and IT consulting services.
As of June 2023, the Company has over 106 employees, comprising developers, designers, project managers, and quality assurance specialists.
For the year ended March 31, 2023, Kody Tech's Total Income and Restated Profit after tax were Rs. 1109.10 Lakhs and Rs. 318.09 Lakhs. For the year ended March 31, 2022, the company's Total Income and Restated Profit after tax were Rs. 384.20 Lakhs and Rs. 62.13 Lakhs, as compared to the Total Income and Restated Profit after tax of Rs. 248.16 Lakhs and Rs. (10.80) Lakhs respectively, over the previous year ended i.e. March 31, 2021.
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 115.14 | 238.04 | 1,452.55 |
| Revenue | 248.16 | 384.20 | 1,109.10 |
| Profit After Tax | -10.80 | 62.13 | 318.09 |
| Net Worth | -171.16 | -109.03 | 469.35 |
| Reserves and Surplus | -172.16 | -110.03 | 123.99 |
| Total Borrowing | 150.39 | 161.47 | 746.79 |
The market capitalization of Kody Technolab IPO is Rs 101.98 Cr.
| KPI | Values |
|---|---|
| ROE | 176.59% |
| ROCE | 97.37% |
| Debt/Equity | 1.59 |
| RoNW | 67.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.06 | |
| P/E (x) | 22.66 | 32.06 |
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
[Dilip Davda] The company operates in a highly competitive and fragmented segment. Bumper performance for FY23 raises eyebrows and concerns over sustainability. Based on its super earnings for FY23, the issue appears greedily priced. There is no harm in skipping it. Read detail review...
The Kody Technolab IPO is subscribed 51.55 times on September 20, 2023 7:29:00 PM. The public issue subscribed 53.56 times in the retail category, times in the QIB category, and 41.17 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| Other | 41.17 |
| Retail | 53.56 |
| Total | 51.55 |
Total Application : 54,681 (53.56 times)
| Listing Date | September 27, 2023 |
| BSE Script Code | |
| NSE Symbol | KODYTECH |
| ISIN | INE0Q7P01013 |
| Final Issue Price | ₹160 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹160.00 |
| ₹170.00 |
| ₹169.00 |
| ₹178.50 |
| ₹178.50 |
Kody Technolab Limited
2nd Floor, Block-J, Safal Monde Near Iscon Mall,
Near Rajpathclub, S.G Highway,
Bodakdev, Ahmedabad - 380054
Phone: +91-9377229944
Email: info@kodytechnolab.com
Website: https://kodytechnolab.com/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: kody.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
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Kody Technolab IPO is a SME IPO of 1,720,000 equity shares of the face value of ₹10 aggregating up to ₹27.52 Crores. The issue is priced at ₹160 per share. The minimum order quantity is 800 Shares.
The IPO opens on September 15, 2023, and closes on September 20, 2023.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Kody Technolab IPO using UPI as a payment gateway. Zerodha customers can apply in Kody Technolab IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Kody Technolab IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Kody Technolab IPO opens on September 15, 2023 and closes on September 20, 2023.
Kody Technolab IPO lot size is 800 Shares, and the minimum amount required is ₹128,000.
You can apply in Kody Technolab 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 Kody Technolab IPO will be done on Monday, September 25, 2023, and the allotted shares will be credited to your demat account by Wednesday, September 27, 2023. Check the Kody Technolab IPO allotment status.
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