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NIKS Technology Limited IPO (NIKS Technology IPO) Detail

March 19, 2021 - March 23, 2021

NIKS Technology IPO is a fixed price issue of Rs 2.01 crores. The issue is a combination of fresh issue of 0.33 lakh shares aggregating to Rs 0.67 crores and offer for sale of 0.67 lakh shares aggregating to Rs 1.35 crores.

NIKS Technology IPO bidding started from March 19, 2021 and ended on March 23, 2021. The shares got listed on BSE SME on March 31, 2021.

NIKS Technology IPO price is ₹201 per share. The minimum lot size for an application is 600 Shares. The minimum amount of investment required by retail investors is ₹120,600.

Gretex Corporate Services Limited is the book running lead manager of the NIKS Technology IPO, while Bigshare Services Pvt Ltd is the registrar for the issue.

Refer to NIKS Technology IPO RHP for detailed information.

NIKS Technology IPO Details

IPO Date March 19, 2021 to March 23, 2021
Listing Date March 31, 2021
Face Value ₹10 per share
Price ₹201 per share
Lot Size 600 Shares
Total Issue Size100,200 shares
(aggregating up to ₹2.01 Cr)
Fresh Issue33,200 shares
(aggregating up to ₹0.67 Cr)
Offer for Sale67,000 shares of ₹10
(aggregating up to ₹1.35 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Market Maker portion5,400 shares

NIKS Technology IPO Reservation

NIKS Technology IPO offers 105,600 shares. 50,100 (47.44%) to NII, 50,100 (47.44%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered5,400 (5.11%)
Other Shares Offered50,100 (47.44%)
Retail Shares Offered50,100 (47.44%)
Total Shares Offered105,600 (100%)

NIKS Technology IPO Lot Size

Investors can bid for a minimum of 600 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 600 ₹120,600
Retail (Max) 1 600 ₹120,600
Lot Size Calculator

NIKS Technology IPO Promoter Holding

Mr. Manish Dixit is the promoter of the company.

Share Holding Pre Issue 99.97%
Share Holding Post Issue

About NIKS Technology Limited

Incorporated in 2014, NIKS Technology Limited is an IT solution service provider company. The business offers a range of services i.e. Digital Marketing, Software Development, website development, mobile app development, and classroom training and certification courses to students via offline and online routes. Its diversified product portfolio caters to the growing demand of the IT sector.

Products and services

  • Digital Marketing: SEO, SEM, content marketing, content automation, e-commerce, social media marketing, etc.
  • Online & Offline courses: Cybersecurity, digital marketing, Internet of things (IoT), Machine Learning, Artificial Intelligence, web development, software development, Programming language, etc.
  • Software Development: PHP Development, AJAX Development, MySQL Development, .NET Development, J2EE, SharePoint Development.
  • Web Development: Website designing, PHP Design, and application, website hosting, website redesigning, website support and maintenance, etc.

Competitive Strengths

  • Rich management experience.
  • Domain expertise and technical excellence.
  • Quality services and customer loyalty.
  • Continue to focus on product innovation.

Company Financials

Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakh)
31-Jan-21 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 67.56 39.37 7.36 9.30
Total Revenue 27.66 19.66 19.84 19.32
Profit After Tax 14.31 8.15 (0.18) (0.64)

Key Performance Indicator

Pre IPO Post IPO
P/E (x) 119.64

Objects of the Issue (NIKS Technology IPO Objectives)

The IPO aims to raise money for the following purposes;

  • To meet working capital requirements.
  • To meet general corporate purposes.
  • To meet the issue related expenditures.

NIKS Technology IPO Review (Avoid)

[Dilip Davda]  The company has posted minuscule financial track records and a major part of IPO being OFS raises concern. The issue is exorbitantly priced based on all financial parameters. Investors may skip this issue as it has long gestation for migration. Read detail review...

NIKS Technology IPO Subscription Status (Bidding Detail)

The NIKS Technology IPO is subscribed 4.10 times on March 23, 2021 6:49:00 AM. The public issue subscribed 7.21 times in the retail category, times in the QIB category, and 0.99 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

NIKS Technology IPO Prospectus

NIKS Technology IPO Rating

Rating:Rated 2.7 stars
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NIKS Technology IPO Listing Details

Listing Date March 31, 2021
BSE Script Code 543282
NSE Symbol
Final Issue Price ₹201 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

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NIKS Technology Limited Contact Details

NIKS Technology Limited
Flat No. 501, Shiv Laxmi Plaza,
Opp Rajendra Nagar, Old Bypass Main Road
Kankarbagh, Patna – 800020
Phone: +91 – 0612 7966249

NIKS Technology IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

NIKS Technology IPO - Buy or Not

NIKS Technology IPO Recommendation Summary

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Members 0 0 0

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NIKS Technology IPO FAQs

NIKS Technology IPO is a SME IPO of 100,200 equity shares of the face value of ₹10 aggregating up to ₹2.01 Crores. The issue is priced at ₹201 per share. The minimum order quantity is 600 Shares.

The IPO opens on March 19, 2021, and closes on March 23, 2021.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in NIKS Technology IPO using UPI as a payment gateway. Zerodha customers can apply in NIKS Technology IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in NIKS Technology IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'NIKS Technology IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The NIKS Technology IPO opens on March 19, 2021 and closes on March 23, 2021.

NIKS Technology IPO lot size is 600 Shares, and the minimum amount required is ₹120,600.

You can apply in NIKS Technology 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, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for NIKS Technology IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the NIKS Technology IPO allotment status.

The NIKS Technology IPO listing date is on March 31, 2021.
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NIKS Technology IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



13. RakeshK |   Link |  Bookmark |May 1, 2021 10:25:14 AM
NII portion likely to subscribed 3x; apply for minimum 3300 units for possibility of allotment of 1100 units...
12. IPOANALYSIS |   Link |  Bookmark |March 23, 2021 2:15:14 PM
Salute to 400 people who applied and want their money to be easily looted .
11. IPOANALYSIS |   Link |  Bookmark |March 23, 2021 12:22:18 PM
They must have ask few people who took training to apply and cancel application to trap retailer. Remember just 400 people have applied in retail which has caused oversubscription. Please stay away . Retailer are being fooled.
10. IPOANALYSIS |   Link |  Bookmark |March 22, 2021 11:49:34 PM
Instead buy these 2 SME from open market- AAA technology and sigma solve
Both these companies have sales of 14 crore and 8 crore and profit of 4 crore and 2 crore. Wonder how Niks technology which has sales of few lakhs asking for market cap equivalent to above.
9. IPOANALYSIS |   Link |  Bookmark |March 22, 2021 8:38:57 PM
True SEBi and exchange should allow anyone to come with IPO now . Many are debt free and have more sales and profits than this company. It will be easy to fulfil all your dreams .maybe buy Lamborghini , go on vacation :)
8. Deepakkumar |   Link |  Bookmark |March 22, 2021 2:12:00 PM (200+ Posts)
Ha Ha! Looks like RII is fully subscribed and NII not interested at all. My gardener will bring an IPO in next few years. He is preparing the papers. He is capable of providing service with some profits in his field. His annual profits are in thousands, but who cares as long as his papers are ok.
7. IPOANALYSIS |   Link |  Bookmark |March 20, 2021 9:15:34 PM
This company has its commercial working in a flat. Its a shame that such company are allowed by BSE to collect money .Has BSE or SEBI any seeing why retail money is being wasted .
6. IPOANALYSIS |   Link |  Bookmark |March 20, 2021 9:12:11 PM
Another loooter with no real business and just coming to collect public money and destroy and vanish in next few years. Please don''t even think of apply.
5. bluemango |   Link |  Bookmark |March 20, 2021 12:54:50 AM
I am newbee to the investing in stock market. To be very frank I was very much tempted to apply for the IPO for this company as saw the buzzword IT, Social Media Marketing etc. However I thought let''s have a look at its prospectus.
I was very amazed how who allow this kind of company for IPO. It has 9 employees, out of which 2 or 3 are semi skilled. Others are CFO, Accounts etc. For the core business it is only the founder that also has no real experience just some here and there certification. Even with my limited knowledge I can see it is all framed up.
No doubt why NSE is much better even though it started 117 years later than BSE.

After seeing this IPO I can conclude BSE has no criteria. I was skeptical amount SME but after seeing this at least not for BSE. I still have some trust for NSE SME.

Please read the employee section, see their employee education and experience and then only apply. Don''t waste your hard earned money like these fraud training institutes.
4. Vivek SP |   Link |  Bookmark |March 19, 2021 10:12:13 AM
What is role of SEBI and RBI on safeguarding investors money?
How SEBI is not challenging on issue price of Rs.201?
4.1. IPOANALYSIS |   Link |  Bookmark |March 19, 2021 11:41:39 AM
SEBI and exchange not doing anything but should atleast not allow such pathetic company to raise money easily and they will vanish in next few years. This will break trust completely .only quality SME with good fundamentals should be brought which criteria should be minimum 20 crore sales and priced well . Anyway there has been no listing gain so therefore do not apply any .take a call and select only good company like KSolves which show future growth prospects and running well business.
4.2. Uday Bhansali |   Link |  Bookmark |March 19, 2021 12:03:08 PM
On what basis did you apply then? If you are out now questioning the pricing?
3. IPO.RESEARCH |   Link |  Bookmark |March 19, 2021 11:50:33 AM
Who are the clients ?
Why your promoters just hold 50 shares ?
Are you an IT company or just a training institution ?
Why have you not tried for seed funding ?
Why have u not changed your base location to IT hubs ?
Your website looks outdated and has basic templates ?
Most of the investments are borrowings, loans.

Your company revenue < 1 software engineer.
Your company vision and mission are not clear.

In Bangalore, every gully have a company like this. But they are smart, they don''t expose themselves here.

Good try guys, but please improve your buisness and then come to the ocean.

Am i going to apply ? NOT EVEN THINKING !
2. IPOANALYSIS |   Link |  Bookmark |March 18, 2021 1:21:20 PM
Thu Thu Thu Thu Thu. If this type of company is coming In market to loot public money. Even a mid level executive is now earning 17 lakhs as salary package and their total yearly sales is 17 lakh. Has exchange and SEBI allowed any company to come and loot people money
2.1. IPOANALYSIS |   Link |  Bookmark |March 18, 2021 7:06:18 PM
i mean how exchange and Sebi not putting certain criteria to not let such company raise from innocent public money
1. vgoel |   Link |  Bookmark |March 18, 2021 9:06:05 AM
Wow what a company. Inke profit se zyada to logo ka CTC hota hai!