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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 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

IPO Date Feb 14, 2019 to Feb 20, 2019
Listing Date Thursday, February 28, 2019
Face Value ₹10 per share
Price ₹30 per share
Lot Size 4000 Shares
Issue Size1,200,000 shares of ₹10
(aggregating up to ₹3.60 Cr)
Issue Type Fixed Price Issue IPO
Listing At NSE SME
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.

Mindpool Technologies IPO Lot Size

The Mindpool Technologies IPO 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
Retail (Min) 1 4000 ₹120,000
Retail (Max) 1 4000 ₹120,000

Mindpool Technologies IPO Promoter Holding

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

Mindpool Technologies IPO Review

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...


Mindpool Technologies IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
NII2.53
Retail1.65
Total2.09

Mindpool Technologies IPO Prospectus

Mindpool Technologies IPO Rating

79
3.8
Rating:Rated 3.8 stars
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Mindpool Technologies IPO Listing Date

Listing Date Thursday, February 28, 2019
BSE Script Code
NSE Symbol MINDPOOL
Listing In
ISIN INE00RQ01019
IPO Price ₹30 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
NSE SME
₹30.00
₹30.00
₹28.50
₹30.00
₹28.50

Company Contact Information

Mindpool Technologies Limited
Unit No. 102/9 1st Floor, Building
Building ĄC?, 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

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

Mindpool Technologies IPO Review

Mindpool Technologies IPO Recommendation Summary

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Brokers 1 0 0
Members 0 0 0

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Mindpool Technologies IPO FAQs

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 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 .

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.

The Mindpool Technologies IPO listing date is on Thursday, February 28, 2019.
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Mindpool Technologies IPO Message Board

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97 Comments

55. Payal Gangwani |   Link |Mar 5, 2019 11:00:30 AM
Invest hi nahi karna chaiye isme paise hi loss me jaa rahe hai. Third Class COmpany hai
54. RAJAKUMAR |   Link |Feb 28, 2019 9:52:04 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Sold one lot at 30
54.1. RT |   Link |Mar 1, 2019 6:03:44 PM
You are lucky person !
53. Dinesh Singh |   Link |Mar 1, 2019 3:32:10 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Third class company.
LM is also third class.
Made loss in this. Today it is LC.
52. Hiteshji |   Link |Feb 28, 2019 6:35:34 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
I told u earlier avoid ipos and put money in FD. Atleast you will get interest though it is less but tension free.
51. Small Investor |   Link |Feb 28, 2019 10:40:27 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
i told earlier that war impact may be on listing
50. RAJAKUMAR |   Link |Feb 28, 2019 10:05:19 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Sold two lot at breakeven
49. Dinesh Singh |   Link |Feb 28, 2019 9:26:27 AM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Not able to see pre opening price.
48. hajarimal prajapati |   Link |Feb 28, 2019 7:58:44 AM
Might be 29
47. hajarimal prajapati |   Link |Feb 28, 2019 7:58:06 AM
Listing today
46. Small Investor |   Link |Feb 27, 2019 2:05:16 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
War Impact may be on Listing Gain ?
45. Small Investor |   Link |Feb 26, 2019 4:57:14 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Admin Please Update Basis of Allotment of Mindpool
44. Payal Gangwani |   Link |Feb 26, 2019 1:49:16 PM
What is the listing Date
44.1. RT |   Link |Feb 26, 2019 4:45:17 PM
28.02.2019
43. RAJAKUMAR |   Link |Feb 26, 2019 12:12:43 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Dear Dinesh Small
i got 2/4
43.1. Dinesh Singh |   Link |Feb 26, 2019 12:36:12 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Congratulations.

What is listing date.
42. Payal Gangwani |   Link |Feb 25, 2019 10:39:21 PM
Please share link for allotmen

https://linkintime.co.in/MIPO/IPO.aspx

There are no details on this link
42.1. black & white hat |   Link |Feb 26, 2019 9:51:28 AM
http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx
41. Small Investor |   Link |Feb 25, 2019 5:13:34 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Allotment out
41.1. Dinesh Singh |   Link |Feb 25, 2019 5:34:44 PM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Yes it is out.
40. Dinesh Singh |   Link |Feb 25, 2019 10:13:53 AM
IPO Guru IPO Guru (1100+ Posts, 400+ Likes)
Allotment will be out today.
39. Priyansh Agrawal |   Link |Feb 21, 2019 9:50:51 PM
Dear small invester solve my ritco case thanks
38. Priyansh Agrawal |   Link |Feb 21, 2019 9:21:26 AM
@Rajkumar listing today anmol
38.1. RAJAKUMAR |   Link |Feb 21, 2019 9:32:32 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
Yes Sir Today fifth day.
38.2. Small Investor |   Link |Feb 21, 2019 3:33:52 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Rajkumar ji in Ritco total volume more then 700000
i thing Retailers sold his Allotment
party now Stared
37. Small Investor |   Link |Feb 21, 2019 11:42:33 AM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
Dear Admin
Why not showing Aartech solonics ltd till time
37.1. medge |   Link |Feb 21, 2019 12:28:48 PM
IPO Guru IPO Guru (1200+ Posts, 1900+ Likes)
Due to some internal issue between promoters and existing shareholders of the company, the issue is postponed.
37.2. Small Investor |   Link |Feb 21, 2019 2:28:49 PM
IPO Guru IPO Guru (1600+ Posts, 900+ Likes)
len den ka chakkar hoga
36. Priyansh Agrawal |   Link |Feb 20, 2019 7:52:42 PM
Dear Rajkumar when will be listening anmol
36.1. RAJAKUMAR |   Link |Feb 21, 2019 8:49:08 AM
IPO Guru IPO Guru (1400+ Posts, 1200+ Likes)
22nd