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Ksolves India Ltd IPO (ksolves India IPO) Detail

Jun 23, 2020 - Jun 26, 2020

Incorporated in 2014, Ksolves India Ltd is a software services and product company. It is engaged in providing enterprise solutions, software development, consulting, and Information Technology solutions for clients. The company works for different sectors such as Healthcare, Telecom, E-commerce, Real Estate, and Finance.

It provides digital solutions to client organizations to develop powerful applications, maintain software systems, and enhance the functionality of the software as per the business requirements. The applications created by the company include automation of routine business functions to make them accurate, faster, and easier and increase the channels for better functioning.

Ksolves has acquired Kartik Solutions Private Limited in 2019 and it has become the wholly-owned subsidiary of the company. Kartik Solutions provides IT and IT-enabled services including web, mobile, cloud, and e-commerce solutions.

The company along with its subsidiary has a presence over 30 countries and major sales (80%) from North America.

Competitive Strengths

1. Long-standing customer relationship
2. Diversified revenue from multiple reaches across the world
3. Focus on technology trend evolution
4. Diverse business across multiple industries

Company Promoters:

Mr. Ratan Kumar Srivastava & Mrs. Deepali Verma are the promoters of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Lakh)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 166.19 69.08 53.09
Total Revenue 814.51 542.62 340.85
Profit After Tax 67.19 15.83 5.50

Objects of the Issue:

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

ksolves India IPO Details

IPO Opening Date Jun 23, 2020
IPO Closing Date Jun 26, 2020
Issue Type Fixed Price Issue IPO
Face Value ₹10 per equity share
IPO Price ₹100 per equity share
Market Lot 1200 Shares
Min Order Quantity 1200 Shares
Listing At NSE SME
Issue Size402,000 Eq Shares of ₹10
(aggregating up to ₹4.02 Cr)

ksolves India IPO Lot Size

The ksolves India IPO market lot size is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹120,000).

Application Lots Shares Amount (Cut-off)
Minimum 1 1200 ₹120,000
Maximum 1 1200 ₹120,000

ksolves India IPO Promoter Holding

Pre Issue Share Holding 93.33%
Post Issue Share Holding 68.02%

ksolves India IPO Subscription Status (Bidding Detail)

The ksolves India IPO is subscribed 1.42 times on 6/26/2020 5:00:00 PM. The public issue subscribed 0.62 in the retail category, in the QIB category, and 2.22 in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
NII2.22
Retail0.62
Total1.42

ksolves India IPO Prospectus

ksolves India IPO Rating

25
2.0
Rating:Rated 2.0 stars
Vote Here ...

ksolves India IPO Listing Date

Listing Date Monday, July 6, 2020
BSE Script Code
NSE Symbol KSOLVES
Listing In ST Group of Securities
ISIN INE0D6I01015
IPO Price ₹100 per equity share
Face Value ₹10 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
IPO Price: ₹100.00
Open: ₹101.95
Low: ₹101.95
High: ₹106.90
Last Trade: ₹106.90

Company Contact Information

Ksolves India Ltd
H. No. B-8/1, Ground Floor,
Saidulajab, South Delhi,
Delhi - 110030, India
Phone: +91-0120-4163248
Email: cs@ksolves.com
Website: https://www.ksolves.com/

ksolves India IPO Registrar

Bigshare Services Pvt Ltd

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

ksolves India IPO Reviews / Ratings

ksolves India IPO FAQs

ksolves India IPO is a SME IPO of 402,000 equity shares of the face value of ₹10 aggregating up to ₹4.02 Crores. The issue is priced at ₹100 per equity share. The minimum order quantity is 1200 Shares.

The IPO opens on Jun 23, 2020, and closes on Jun 26, 2020.

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

Steps to apply in ksolves India 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 'ksolves India 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 ksolves India IPO opens on Jun 23, 2020 and closes on Jun 26, 2020.

ksolves India IPO lot size is 1200 Shares and the minimum order quantity is 1200 Shares.

You can apply in ksolves India 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 ksolves India IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the ksolves India IPO allotment status.

The ksolves India IPO listing date is on Monday, July 6, 2020.

ksolves India IPO Message Board

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2 Comments

1. Vinshah |Jul 6, 2020 12:25:58 AM
I think At 06 July 2020 will be listing of ksolves IPO there...???? For all investors
1.1. Vinshah |Jul 12, 2020 6:06:28 PM
Ksolves @109.2 highest price came already...???? great for all investors ????.