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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
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.
| 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) | ||
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
| IPO Opening Date | Feb 14, 2019 |
| IPO Closing Date | Feb 20, 2019 |
| Issue Type | Fixed Price Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹30 per equity share |
| Market Lot | 4000 Shares |
| Min Order Quantity | 4000 Shares |
| Listing At | NSE SME |
| Issue Size | 1,200,000 Eq Shares of ₹10 (aggregating up to ₹3.60 Cr) |
The Mindpool Technologies IPO market lot size is 4000 shares. A retail-individual investor can apply for up to 1 lots (4000 shares or ₹120,000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 4000 | ₹120,000 |
| Maximum | 1 | 4000 | ₹120,000 |
| Pre Issue Share Holding | 99.10% |
| Post Issue Share Holding | 71.27% |
MTL is in IT solution and staffing business which is providing ample opportunities for growth. It has sound financial track record. Issue is priced reasonably. However, stagnancy in top line for last one and half year performance raises concern. Investors may consider investment for long term.
Read detail review...The Mindpool Technologies IPO is subscribed 2.09 times on Feb 20, 2019 5:00:00 PM. The public issue subscribed 1.65 times in the retail category, times in the QIB category, and 2.53 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| NII | 2.53 |
| Retail | 1.65 |
| Total | 2.09 |
| Listing Date | Thursday, February 28, 2019 |
| BSE Script Code | |
| NSE Symbol | MINDPOOL |
| Listing In | |
| ISIN | INE00RQ01019 |
| IPO Price | ₹30 per equity share |
| Face Value | ₹10 per equity share |
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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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Lead Manager Reports
Mindpool Technologies IPO is a SME IPO of 1,200,000 equity shares of the face value of ₹10 aggregating up to ₹3.60 Crores. The issue is priced at ₹30 per equity share. The minimum order quantity is 4000 Shares.
The IPO opens on Feb 14, 2019, and closes on Feb 20, 2019.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
The Mindpool Technologies IPO opens on Feb 14, 2019 and closes on Feb 20, 2019.
Mindpool Technologies IPO lot size is 4000 Shares and the minimum order quantity is 4000 Shares.
You can apply in Mindpool Technologies 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 Mindpool Technologies IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Mindpool Technologies IPO allotment status.
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