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 20, 2019 17:00	2.53x	1.65x	2.09x

Mindpool Technologies IPO Prospectus

› Draft Prospectus
› Red Herring Prospectus

Mindpool Technologies IPO Rating

3.8

Rating:

Vote Here ...

Mindpool Technologies IPO Listing Date

› Listing Date: Thursday, February 28, 2019
› BSE Script Code:
› NSE Symbol: MINDPOOL
› Listing In:
› ISIN: INE00RQ01019
› Issue Price: Rs 30 Per Equity Share
› Face Value: Rs 10 Per Equity Share

Listing Day Trading Information

.
Issue Price
Open
Low
High
Last Trade
Volume

	NSE SME
Issue Price:	Rs 30.00
Open:	Rs 30.00
Low:	Rs 28.50
High:	Rs 30.00
Last Trade:	Rs 28.50
Volume:	284,000

Mindpool Technologies IPO Reviews / Ratings

Dilip Davda - Subscribe for Long Term

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
   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

Lead Manager Reports

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Useful Articles

Mindpool Technologies IPO Review / Comments

55. Payal Gangwani Mar 5, 2019 10:00

1 |

Invest hi nahi karna chaiye isme paise hi loss me jaa rahe hai. Third Class COmpany hai

54. RAJAKUMAR Feb 28, 2019 08:52

IPO Mentor (900+ Posts, 600+ Likes)

Sold one lot at 30

54.1. RT Mar 1, 2019 17:03

You are lucky person !

53. Dinesh Singh Mar 1, 2019 14:32

2 |

Top Contributor (200+ Posts)

Third class company.
LM is also third class.
Made loss in this. Today it is LC.

52. Hiteshji Feb 28, 2019 17:35

1 |

Top Contributor (200+ Posts, 100+ 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 Feb 28, 2019 09:40

1 |

IPO Mentor (700+ Posts, 200+ Likes)

i told earlier that war impact may be on listing

50. RAJAKUMAR Feb 28, 2019 09:05

IPO Mentor (900+ Posts, 600+ Likes)

Sold two lot at breakeven

49. Dinesh Singh Feb 28, 2019 08:26

Top Contributor (200+ Posts)

Not able to see pre opening price.

48. hajarimal prajapati Feb 28, 2019 06:58

Might be 29

47. hajarimal prajapati Feb 28, 2019 06:58

Listing today

46. Small Investor Feb 27, 2019 13:05

IPO Mentor (700+ Posts, 200+ Likes)

War Impact may be on Listing Gain ?

45. Small Investor Feb 26, 2019 15:57

IPO Mentor (700+ Posts, 200+ Likes)

Dear Admin Please Update Basis of Allotment of Mindpool

44. Payal Gangwani Feb 26, 2019 12:49

What is the listing Date

44.1. RT Feb 26, 2019 15:45

28.02.2019

43. RAJAKUMAR Feb 25, 2019 23:12

IPO Mentor (900+ Posts, 600+ Likes)

Dear Dinesh Small
i got 2/4

43.1. Dinesh Singh Feb 26, 2019 11:36

Top Contributor (200+ Posts)

Congratulations.

What is listing date.

42. Payal Gangwani Feb 25, 2019 21:39

Please share link for allotmen

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

There are no details on this link

42.1. black & white hat Feb 26, 2019 08:51

http://www.bigshareonline.com/BSSIPOApplicationStatus.aspx

41. Small Investor Feb 25, 2019 16:13

IPO Mentor (700+ Posts, 200+ Likes)

Allotment out

41.1. Dinesh Singh Feb 25, 2019 16:34

Top Contributor (200+ Posts)

Yes it is out.

40. Dinesh Singh Feb 25, 2019 09:13

Top Contributor (200+ Posts)

Allotment will be out today.

39. Priyansh Agrawal Feb 21, 2019 20:50

1 |

Dear small invester solve my ritco case thanks

38. Priyansh Agrawal Feb 21, 2019 08:21

@Rajkumar listing today anmol

38.1. RAJAKUMAR Feb 21, 2019 08:32

IPO Mentor (900+ Posts, 600+ Likes)

Yes Sir Today fifth day.

38.2. Small Investor Feb 21, 2019 14:33

1 |

IPO Mentor (700+ Posts, 200+ Likes)

Dear Rajkumar ji in Ritco total volume more then 700000
i thing Retailers sold his Allotment
party now Stared

37. Small Investor Feb 21, 2019 10:42

IPO Mentor (700+ Posts, 200+ Likes)

Dear Admin
Why not showing Aartech solonics ltd till time

37.1. medge Feb 21, 2019 11:28

Top Contributor (200+ Posts, 300+ Likes)

Due to some internal issue between promoters and existing shareholders of the company, the issue is postponed.

37.2. Small Investor Feb 21, 2019 13:28

1 |

IPO Mentor (700+ Posts, 200+ Likes)

len den ka chakkar hoga

36. Priyansh Agrawal Feb 20, 2019 18:52

Dear Rajkumar when will be listening anmol

36.1. RAJAKUMAR Feb 21, 2019 07:49

IPO Mentor (900+ Posts, 600+ Likes)

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