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 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

ksolves India IPO Date Jun 23, 2020 to Jun 26, 2020
ksolves India IPO Face Value ₹10 per share
ksolves India IPO Price ₹100 per share
ksolves India IPO Lot Size 1200 Shares
Issue Size402,000 shares of ₹10
(aggregating up to ₹4.02 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
Company Promoters

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

ksolves India IPO Lot Size

The ksolves India IPO 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
Retail (Min) 1 1200 ₹120,000
Retail (Max) 1 1200 ₹120,000

ksolves India IPO Promoter Holding

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

ksolves India IPO Review

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 Jun 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)

ksolves India IPO Prospectus

ksolves India IPO Rating

Rating:Rated 2.0 stars
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ksolves India IPO Listing Date

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

Listing Day Trading Information

IPO Price
Last Trade
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

ksolves India IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

ksolves India IPO Review

ksolves India IPO Recommendation Summary

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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 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 .

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.
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ksolves India IPO Message Board

Ranked Members of Forum  Ranked Members | Most Liked Members



1. Vinshah |   Link |Jul 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 |Jul 12, 2020 5:06:28 PM
Ksolves @109.2 highest price came already...???? great for all investors ????.