Mindpool Technologies Limited IPO (Mindpool Technologies IPO) Detail

Feb 14, 2019 - Feb 20, 2019

Incorporated in 2011, Mindpool Technologies Limited is a Pune based company engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions, and Corporate Training Services. The company offers these services across industries including automotive and engineering, banking and financial services, healthcare, retail, telecom, and Entertainment in India and US.

As of March 31, 2018, the company has served 22 clients. Some of the key clients of the company include Clairvoyant India Private Limited, Herbalife International India Private Ltd, HTC Global Services (India) Private Ltd, Inspirage Software Consulting Private Limited, and Opalforce INC etc

The company has 103 employees on its payroll.

The total revenue of the Company stood at Rs.1081.35 lakhs, Rs.2043.36 lakh, Rs.2537.77 lakhs and Rs.2078.07 lakh, for the period ended September 30, 2018, and fiscal years 2018, 2017 and 2016 respectively.

The Profit After Tax (PAT) stood at Rs. 146.20 lakhs, Rs. 163.22 lakh, Rs 129.25 lakh and Rs. (33.42) lakhs for the period ended September 30, 2018, and fiscal years 2018, 2017 and 2016 respectively.

Competitive Strengths of the Company-

1. A diverse range of services
2. Presence in the USA through a subsidiary company
3. Recurring business from established clients

Company Promoters:

The promoters of the company are Ritesh R Sharma and Poonam R Sharma. The promoters hold 99.10 % of the pre-issued Equity Share capital of the company.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	1,556.36	1,393.26	1,679.83	1,315.05
Total Revenue	1,081.35	2,043.36	2,537.77	2,078.07
Profit After Tax	146.19	163.22	129.25	(33.42)

Objects of the Issue:

The objects of the Issue are to meet:
1. Working Capital Requirement- Rs 190.00 lakhs
2. Repayment of a portion of Bank Borrowings- Rs 44.00 lakhs
3. General Corporate purpose- Rs 33.40 lakhs
4. Issue Expenses- Rs 92.60 lakhs

Mindpool Technologies IPO Details

Issue Open	Feb 14, 2019 - Feb 20, 2019
Issue Type	Fixed Price Issue IPO
Issue Size	1,200,000 Eq Shares of Rs 10 (aggregating up to Rs 3.60 Cr)
Face Value	Rs 10 Per Equity Share
Issue Price	Rs 30 Per Equity Share
Market Lot	4000 Shares
Min Order Quantity	4000 Shares
Listing At	NSE SME

Mindpool Technologies IPO Promoter Holding

Pre Issue Share Holding	99.10%
Post Issue Share Holding	71.27%

Mindpool Technologies IPO Subscription Status (Bidding Detail)

Mindpool Technologies IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	NII	RII	Total
Shares Offered	568,000	568,000	1,136,000
Feb 19, 2019 11:05	1.53x	0.30x	0.92x

Mindpool Technologies IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Mindpool Technologies IPO Rating

3.8

Rating:

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Mindpool Technologies IPO Reviews / Ratings

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Company Contact Information

Mindpool Technologies Limited
Unit No. 102/9 1st Floor, Building
Building „C‟, Pune IT Park,
Bopodi, Pune-411020

Phone: 020 66240088
Email: info@mindpooltech.com
Website: http://www.mindpooltech.com/

Mindpool Technologies IPO Registrar

Bigshare Services Pvt Ltd   »  Report
   1st Floor, Bharat Tin Works Building,
   Opp. Vasant Oasis,Makwana Road,
   Marol, Andheri(E), Mumbai - 400 059

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

Mindpool Technologies IPO Lead Manager(s)

Hem Securities Limited » Report

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Useful Articles

Mindpool Technologies IPO Review / Comments

19. OnlyMe Feb 18, 2019 15:22

Do not go for this IPO. This is worst company to work with. I already worked for this company which is not having any vision. Management is worst and do not know what is going in company. They will not grow in future

18. smeanalysts Feb 13, 2019 12:44

avoid kranti industries and anmol industries. both are pathetic

This is the only issue to have a look and looking ok

18.1. Small Investor Feb 18, 2019 13:56

IPO Mentor (600+ Posts, 200+ Likes)

Deccan now near Issue Price
@ Sme now kya kre

17. hajarimal prajapati Feb 17, 2019 23:51

SUBJECT
8000

16. hajarimal prajapati Feb 17, 2019 23:50

IT SECTOR IN BOOM
MIGHT GIV GOOD RETURNS

APPLY AT YOUR OWN RISK

15. RAJAKUMAR Feb 14, 2019 09:10

1 |

IPO Mentor (800+ Posts, 500+ Likes)

Lot size is 4000 shares

Load more comments (2 replies)

15.3. Small Investor Feb 15, 2019 12:43

1 |

IPO Mentor (600+ Posts, 200+ Likes)

Dear Rajakumar
I agree with You ,i apply in mindpool for 2 lot

15.4. Subject to sauda Feb 17, 2019 16:54

Rajkumarji.muje sarveshwar me bht bhari loss hai...kya ye sme bhar kar loss thoda kam ho sakta hai kya ....pls rply...

14. Small Investor Feb 16, 2019 11:37

IPO Mentor (600+ Posts, 200+ Likes)

@ Rajakumar ji please tell about Gleam Fabmat ltd ipo

14.1. RAJAKUMAR Feb 16, 2019 14:03

1 |

IPO Mentor (800+ Posts, 500+ Likes)

Dear Small
Only four months old company we can not predict. Short term and Long term borrowing is almost 4 cr.
LM is good. Lets wait for subscription and decide.
In SME stocks no need to look fundamentals and balance sheet for listing gainers.If LM and Subscription is good then we can go for it.

13. Payal Feb 15, 2019 11:51

Dear Admin Please Update Date Of Listing and Date Of allowtment

12. Carn Mohan Feb 14, 2019 19:15

IPO Mentor (600+ Posts, 200+ Likes)

Inovvative tyres and tubes Ltd. Where LM was Pantamath buy at ₹56 and sell at ₹ 20 yesterday I think very poor company.

11. RAJAKUMAR Feb 14, 2019 09:09

IPO Mentor (800+ Posts, 500+ Likes)

Dear Small Investor
AARTECH SOLONICS LTD
ISSUE OPENS 21 TO 26
21 lakh shares at Rs 34
Lot size is 34
Bse Listing
Almost Debt Free company
Manufacture of Faradigm Untracapacitors, Control Relay Panels, Load Checker etc.
Client is Siemens, L&T Ircon, BHEL etc.
LM is Swastika

11.1. Small Investor Feb 14, 2019 10:19

IPO Mentor (600+ Posts, 200+ Likes)

I thing Swastika is also Good LM with Pantamath

10. Small Investor Feb 13, 2019 16:36

3 |

IPO Mentor (600+ Posts, 200+ Likes)

#Source from IZ Website

1. The company Revenue has been stagnated in the last 3 years.

2. Employee Benefits expense is continuously decreasing from 13 Cr in FY17, to 9.58 Cr in FY18 and now to just 1.89 Cr for the first 6 months of FY19. This is not a trait of expanding company.

3. The company is debt free in terms of long term borrowing and have short term debt of 1.24 Cr. So they have manageable D/E.

Comparison With Peers:
The company believes that there are no listed companies which are operating in all the business segment as a company does.
Recommendation on Mindpool Technologies Limited IPO:
Review and Recommendation of Mindpool Technologies Limited IPO from IZ team are- 3/10.

[ The company's revenue is stagnant in the last 3 years. They may have reduced the Employee Benefits Expense drastically just to improve the bottom-line and to improve the P/E ratio just before IPO. ]

10.1. BGRJVB Feb 14, 2019 00:37

3 |

To add, i am surprised by issue expenses of 92 lakhs out of total ipo proceeds of Rs 3.6 crores

9. Vijay M Agrawal Feb 11, 2019 15:09

IN NSE EMERGE PLATFORM, NO PREOPENING DATA AVAILALE ON LISTING DAY. BECAUSE OF THAT WE CAN'T PREDICT ABOUT LISTING RATE. BSE PLATFORM IS MUCH HELPFULL FOR US

Load more comments (1 replies)

9.2. Vijay M Agrawal Feb 11, 2019 18:52

In NSE INDIA WHERE IT IS AVAILABLE

9.3. papon Feb 11, 2019 19:40

New listing. Type nse preopen at Google

8. Small Investor Feb 9, 2019 09:37

IPO Mentor (600+ Posts, 200+ Likes)

Why Financial information upload by Admin of Ritco Here ?
please Update it

7. RAJAKUMAR Feb 9, 2019 09:29

IPO Mentor (800+ Posts, 500+ Likes)

Dear Admin
Pls change the name of Ritco. Company financeials you are stated Ritco instead of Mindpool.

6. RAJAKUMAR Feb 9, 2019 09:26

IPO Mentor (800+ Posts, 500+ Likes)

Out of three issue opens next week, In first look this issue is good.
1. LM is Hem.
2. Pe ratio is 5
3. Book Value is below one time.
4. Issue size is very low only 3.6 Cr.
Lets wait and see how subscription happens.

5. Payal Feb 8, 2019 22:28

Can I invest in it?

4. Carn Mohan Jan 30, 2019 18:31

IPO Mentor (600+ Posts, 200+ Likes)

10,15 ₹ fair value ka share is Giri market may 480/490 kaisay list ho jai ga, kus tho sahi likha karo

3. Pappi Jan 29, 2019 21:08

Big Avoid

2. Stock Predictor Jan 28, 2019 11:40

I think shares will list on NSE Emerge instead of BSE SME.
Admin plz rectify.

2.1. Team Chittorgarh.com Jan 28, 2019 12:17

Thx for the feedback.

Yes, its a NSE Emerge IPO. We updated the detail.

Thank you,

Chittorgarh.com Admins

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1. chupa Rustam Sep 27, 2018 15:31

i hope it will list around 489-498, positive listing depend on market

20.1. CPHArun Jan 27, 2019 08:14

2 |

No prospectus uploaded yet. No issue price given. Literally no details has come out. Here, you are making your first comment in this forum saying you are hoping listing price is around 489-498. Can there be anything more obvious that you are a company/leadmanager man ?

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