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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 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 OpenFeb 14, 2019 - Feb 20, 2019
Issue TypeFixed Price Issue IPO
Issue Size1,200,000 Eq Shares of Rs 10
(aggregating up to Rs 3.60 Cr)
Face ValueRs 10 Per Equity Share
Issue PriceRs 30 Per Equity Share
Market Lot4000 Shares
Min Order Quantity4000 Shares
Listing AtNSE SME

Mindpool Technologies IPO Promoter Holding

Pre Issue Share Holding99.10%
Post Issue Share Holding71.27%

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

Mindpool Technologies IPO Rating

73
3.8
Rating:Rated 3.8 stars

Vote Here ...

Mindpool Technologies IPO Reviews / Ratings

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)

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Mindpool Technologies IPO Review / Comments

avatar
19. OnlyMe  Feb 18, 2019 15:22 I Like It. | Report Abuse Reply
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
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18. smeanalysts  Feb 13, 2019 12:44 I Like It. | Report Abuse Reply
avoid kranti industries and anmol industries. both are pathetic

This is the only issue to have a look and looking ok
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18.1. Small Investor  Feb 18, 2019 13:56 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Deccan now near Issue Price
@ Sme now kya kre
avatar
17. hajarimal prajapati  Feb 17, 2019 23:51 I Like It. | Report Abuse Reply
SUBJECT
8000
avatar
16. hajarimal prajapati  Feb 17, 2019 23:50 I Like It. | Report Abuse Reply
IT SECTOR IN BOOM
MIGHT GIV GOOD RETURNS


APPLY AT YOUR OWN RISK
avatar
15. RAJAKUMAR  Feb 14, 2019 09:10 I Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Lot size is 4000 shares
avatar
15.3. Small Investor  Feb 15, 2019 12:43 I Like It. 1 | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Dear Rajakumar
I agree with You ,i apply in mindpool for 2 lot
avatar
15.4. Subject to sauda  Feb 17, 2019 16:54 I Like It. | Report Abuse
Rajkumarji.muje sarveshwar me bht bhari loss hai...kya ye sme bhar kar loss thoda kam ho sakta hai kya ....pls rply...
avatar
14. Small Investor  Feb 16, 2019 11:37 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
@ Rajakumar ji please tell about Gleam Fabmat ltd ipo
avatar
14.1. RAJAKUMAR  Feb 16, 2019 14:03 I Like It. 1 | Report Abuse
IPO Mentor 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.
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13. Payal  Feb 15, 2019 11:51 I Like It. | Report Abuse Reply
Dear Admin Please Update Date Of Listing and Date Of allowtment
avatar
12. Carn Mohan  Feb 14, 2019 19:15 I Like It. | Report Abuse Reply
IPO Mentor 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.
avatar
11. RAJAKUMAR  Feb 14, 2019 09:09 I Like It. | Report Abuse Reply
IPO Mentor 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
avatar
11.1. Small Investor  Feb 14, 2019 10:19 I Like It. | Report Abuse
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
I thing Swastika is also Good LM with Pantamath
avatar
10. Small Investor  Feb 13, 2019 16:36 I Like It. 3 | Report Abuse Reply
IPO Mentor 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. ]
avatar
10.1. BGRJVB  Feb 14, 2019 00:37 I Like It. 3 | Report Abuse
To add, i am surprised by issue expenses of 92 lakhs out of total ipo proceeds of Rs 3.6 crores
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9. Vijay M Agrawal  Feb 11, 2019 15:09 I Like It. | Report Abuse Reply
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
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9.2. Vijay M Agrawal  Feb 11, 2019 18:52 I Like It. | Report Abuse
In NSE INDIA WHERE IT IS AVAILABLE
avatar
9.3. papon  Feb 11, 2019 19:40 I Like It. | Report Abuse
New listing. Type nse preopen at Google
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8. Small Investor  Feb 9, 2019 09:37 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Why Financial information upload by Admin of Ritco Here ?
please Update it
avatar
7. RAJAKUMAR  Feb 9, 2019 09:29 I Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (800+ Posts, 500+ Likes)
Dear Admin
Pls change the name of Ritco. Company financeials you are stated Ritco instead of Mindpool.
avatar
6. RAJAKUMAR  Feb 9, 2019 09:26 I Like It. | Report Abuse Reply
IPO Mentor 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.

avatar
5. Payal  Feb 8, 2019 22:28 I Like It. | Report Abuse Reply
Can I invest in it?
avatar
4. Carn Mohan  Jan 30, 2019 18:31 I Like It. | Report Abuse Reply
IPO Mentor 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
avatar
3. Pappi  Jan 29, 2019 21:08 I Like It. | Report Abuse Reply
Big Avoid
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2. Stock Predictor  Jan 28, 2019 11:40 I Like It. | Report Abuse Reply
I think shares will list on NSE Emerge instead of BSE SME.
Admin plz rectify.
avatar
2.1. Team Chittorgarh.com  Jan 28, 2019 12:17 I Like It. | Report Abuse
Thx for the feedback.

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

Thank you,

Chittorgarh.com Admins

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avatar
1. chupa Rustam  Sep 27, 2018 15:31 I Like It. | Report Abuse Reply
i hope it will list around 489-498, positive listing depend on market
avatar
20.1. CPHArun  Jan 27, 2019 08:14 I Like It. 2 | Report Abuse
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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