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Ksolves India Ltd IPO (ksolves India IPO) Detail

June 23, 2020 - June 26, 2020

ksolves India IPO is a fixed price issue of Rs 4.02 crores.

ksolves India IPO bidding started from June 23, 2020 and ended on June 26, 2020. The shares got listed on NSE SME on July 6, 2020.

ksolves India IPO price is ₹100 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹120,000.

Shreni Shares Limited is the book running lead manager of the ksolves India IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to ksolves India IPO RHP for detailed information.

ksolves India IPO Details

IPO Date June 23, 2020 to June 26, 2020
Listing Date July 6, 2020
Face Value ₹10 per share
Price ₹100 per share
Lot Size 1200 Shares
Total Issue Size402,000 shares
(aggregating up to ₹4.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Market Maker portion20,400 shares

ksolves India IPO Reservation

ksolves India IPO offers 402,000 shares. 190,800 (47.46%) to NII, 190,800 (47.46%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered20,400 (5.07%)
Other Shares Offered190,800 (47.46%)
Retail Shares Offered190,800 (47.46%)
Total Shares Offered402,000 (100%)

ksolves India IPO Lot Size

Investors can bid for a minimum of 1200 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 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000
Lot Size Calculator

ksolves India IPO Promoter Holding

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

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

About Ksolves India Ltd

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 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 (ksolves India IPO Objectives)

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 Review (Avoid)

[Dilip Davda]  KIL's financial data is not in line with its asking price. With ongoing global scenario, it will be facing high competition and thus immediate future looks gloomy. Being aggressively priced IPO, investors may give it a miss. Read detail review...


ksolves India IPO Subscription Status (Bidding Detail)

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

CategorySubscription (times)
Other2.22
Retail0.62
Total1.42

ksolves India IPO Prospectus

ksolves India IPO Rating

25
2.0
Rating:Rated 2.0 stars
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ksolves India IPO Listing Details

Listing Date July 6, 2020
BSE Script Code
NSE Symbol KSOLVES
ISIN INE0D6I01015
Final Issue Price ₹100 per share

Pre-Open Session - NSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
NSE SME
₹100.00
₹101.95
₹101.95
₹106.90
₹106.90

Check IPO Performance…

Ksolves India Ltd Contact Details

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: https://ipo.bigshareonline.com/ipo_status.html

ksolves India IPO - Buy or Not

ksolves India IPO Recommendation Summary

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

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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 share. The minimum order quantity is 1200 Shares.

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

ksolves India IPO lot size is 1200 Shares, and the minimum amount required is ₹120,000.

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, Nuvama, 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 July 6, 2020.
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ksolves India IPO Message Board

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2 Comments

1. Vinshah |   Link |  Bookmark |July 5, 2020 11:25:58 PM
I think At 06 July 2020 will be listing of ksolves IPO there...???? For all investors
1.1. Vinshah |   Link |  Bookmark |July 12, 2020 5:06:28 PM
Ksolves @109.2 highest price came already...???? great for all investors ????.