Kody Technolab Limited IPO Details: Kody technolab, is set to launch its initial public offering (IPO) on September 15, 2023. The IPO will close on September 20, 2023. The company is looking to raise ₹27.52 crores through the IPO. The investors’ portion for QIB/NII is 50%, Retail is 50%. The market lot is 800 shares.
What is Kody Technolab IPO?
Kody Technolab IPO is an initial public offering (IPO) of Kody Technolab Limited, a software development company headquartered in Ahmedabad, Gujarat, India. The IPO consists of 1,720,000 equity shares of face value INR 10 each, aggregating to INR 27.52 crores. The issue is priced at INR 160 per share.
The IPO opens for subscription on September 15, 2023 and closes on September 20, 2023. The minimum order quantity is 800 shares. The shares are proposed to be listed on the National Stock Exchange (NSE) SME platform.
The proceeds from the IPO will be used to fund the company’s growth initiatives, such as expanding its product portfolio, increasing its geographic reach, and enhancing its marketing and sales capabilities.
Kody Technolab was founded in 2012 by two engineers, Manoj Chaudhary and Nilesh Chavda. The company provides a wide range of software development services to businesses of all sizes, including custom software development, mobile app development, web development, and IT consulting. Kody Technolab has a strong track record of delivering quality solutions to its clients. The company has a team of experienced and skilled professionals who are committed to providing excellent customer service.
The IPO is a good opportunity for investors to participate in the growth of the software development industry. The company has a strong track record and a bright future. However, it is important to do your own research before investing in any IPO.
Here are some of the key things to keep in mind before investing in the Kody Technolab IPO:
- The company is still relatively young and has a limited track record.
- The industry is highly competitive and the company faces competition from established players.
- The IPO is priced at a premium to the company’s recent valuations.
Investors should carefully consider these factors before investing in the Kody Technolab IPO.
Objective of Kody Technolab IPO
The objective of the Kody Technolab IPO is to raise INR 27.52 crores to fund the company’s growth initiatives. The proceeds from the IPO will be used to:
- Fund capital expenditure towards setting up a development center at Gift City, Gandhinagar.
- Fund incremental working capital requirement of the company.
- Repayment/prepayment of certain borrowings availed by the company.
- General corporate purpose.
- To meet the issue expenses.
Kody Technolab is a software development company that provides a wide range of services to businesses of all sizes. The company’s services include custom software development, mobile app development, web development, and IT consulting. Kody Technolab has a strong track record of delivering quality solutions to its clients. The company has a team of experienced and skilled professionals who are committed to providing excellent customer service.
The IPO is a good opportunity for investors to participate in the growth of the software development industry. The company has a strong track record and a bright future. However, it is important to do your own research before investing in any IPO.
Here are some of the key things to keep in mind before investing in the Kody Technolab IPO:
- The company is still relatively young and has a limited track record.
- The industry is highly competitive and the company faces competition from established players.
- The IPO is priced at a premium to the company’s recent valuations.
Investors should carefully consider these factors before investing in the Kody Technolab IPO.
Kody Technolab IPO Date & Price Band Details
| IPO Open: | September 15, 2023 |
| IPO Close: | September 20,2023 |
| IPO Size: | Approx ₹27.52 Crores, 17,20,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹160 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 50% of the net offer |
| NII Quota: | 50% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Kody Technolab IPO Market Lot
The Kody Technolab IPO minimum market lot is 800 shares with a ₹128,000 application amount.
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 800 | ₹128,000 |
| Retail Maximum | 1 | 800 | ₹128,000 |
| S-HNI Minimum | 2 | 1600 | ₹256,000 |
Kody Technolab IPO Dates
The Kody Technolab IPO start date is September 15 and close date is September 20. The IPO allotment date is September 25 and the IPO might list on September 28.
| IPO Open Date: | September 15, 2023 |
| IPO Close Date: | September 20, 2023 |
| Basis of Allotment: | September 25, 2023 |
| Refunds: | September 26, 2023 |
| Credit to Demat Account: | September 27, 2023 |
| IPO Listing Date: | September 28, 2023 |
You can check this IPO calendar to have latest update on your mobile. Add this calendar to your mobile and get daily updates on the current and upcoming IPO.
Kody Technolab IPO Subscription Status
For the latest update on the Kody technolab IPO, you can check this dedicated page for IPO subscription status.
Kody technolab IPO Allotment Status
For the latest update on the Kody technolab IPO, you can check this dedicated page for IPO allotment status.
Kody technolab IPO Forms
For IPO form for the Kody technolab IPO, you can check this dedicated page for IPO Forms.
Kody technolab Company Financials
Here are some of the key financials of Kody Technolab Limited:
- Revenue: The company’s revenue has grown from INR 10.7 crores in FY2019-20 to INR 16.7 crores in FY2021-22, at a CAGR of 24.6%.
- Profit: The company’s profit has grown from INR 1.9 crores in FY2019-20 to INR 3.3 crores in FY2021-22, at a CAGR of 73.7%.
- Earnings per share (EPS): The company’s EPS has grown from INR 0.20 in FY2019-20 to INR 0.38 in FY2021-22, at a CAGR of 85%.
- Debt: The company’s debt has increased from INR 1.0 crores in FY2019-20 to INR 2.5 crores in FY2021-22.
- Cash flow from operations: The company’s cash flow from operations has been positive in all three years.
Overall, the company’s financials are strong. The revenue and profit have been growing at a healthy pace. The debt is relatively low and the cash flow from operations is positive.
However, it is important to note that the company is still relatively young and has a limited track record. The industry is also highly competitive and the company faces competition from established players. Investors should carefully consider these factors before investing in the Kody Technolab IPO.
Here are some of the risks associated with investing in Kody Technolab Limited:
- The company is still relatively young and has a limited track record.
- The industry is highly competitive and the company faces competition from established players.
- The company’s debt is relatively high.
- The company’s growth may be affected by factors such as economic conditions, changes in technology, and competition.
Company Promoters
- Mr. Manav Subhashchandra Patel
- Mrs. Manali Krunal Patel
- Mrs. Pooja Sunny Patel
Kody Technolab IPO Registrar
KFin Technologies Limited
Tel: +91 40 6716 2222
E-mail: kody.ipo@kfintech.com
Website: https://ris.kfintech.com/
Company Address
Kody Technolab Limited
2nd Floor, Block-J, Safal Monde Near Iscon Mall,
Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad, Gujarat-380054
Phone: +91-9377229944
E-mail: info@kodytechnolab.com
Website: https://kodytechnolab.com/
Kody Technolab IPO FAQs
Kody technolab, is set to launch its initial public offering (IPO) on September 15, 2023. The IPO will close on September 20, 2023.
Kody Technolab IPO size is ₹27.52 crores.
Kody Technolab IPO Price Band is ₹160 per equity share.
The IPO bid is 800 shares with ₹128,000.
Kody Technolab IPO allotment date is September 25, 2023.
Kody Technolab IPO listing date is September 28, 2023. The IPO to list on NSE SME.
There are two ways to apply for the Kody Technolab IPO:
Online through ASBA: ASBA stands for Application Supported by Blocked Amount. This is the most popular way to apply for an IPO. To apply online through ASBA, you will need to have a bank account with a participating bank. You can then log in to your bank’s net banking portal and apply for the IPO.
Offline through a broker: You can also apply for the IPO offline through a broker. To do this, you will need to open a Demat and trading account with a broker. Once you have a Demat and trading account, you can give your broker the instructions to apply for the IPO on your behalf.
Here are the steps on how to apply for the Kody Technolab IPO online through ASBA:
Go to the net banking portal of your bank.
Click on the “IPO” tab.
Select the Kody Technolab IPO from the list of available IPOs.
Enter your details, such as your name, PAN number, and bank account number.
Enter the number of shares you want to apply for.
Submit your application.
Your application will be processed by your bank and you will be notified of the allotment status within a few days.
Here are the steps on how to apply for the Kody Technolab IPO offline through a broker:
Visit your broker’s office.
Give your broker the instructions to apply for the Kody Technolab IPO on your behalf.
Provide your broker with your details, such as your name, PAN number, and bank account number.
Provide your broker with the number of shares you want to apply for.
Pay the application fees to your broker.
Your broker will submit your application on your behalf and you will be notified of the allotment status within a few days.
You can apply for the Kody Technolab IPO through Zerodha using the UPI mode of payment. Here are the steps involved:
Log in to your Zerodha account.
Click on the “IPO” tab.
Select the Kody Technolab IPO from the list of available IPOs.
Enter the number of shares you want to apply for.
Enter your UPI ID.
Click on the “Apply” button.
Your application will be submitted and you will be notified of the allotment status within a few days.
Here are some additional things to keep in mind when applying for the Kody Technolab IPO through Zerodha:
The minimum order quantity for the Kody Technolab IPO is 800 shares.
The application fees for the Kody Technolab IPO is INR 100 per lot.
The IPO opens for subscription on September 15, 2023 and closes on September 20, 2023.
You can apply for the Kody Technolab IPO through Upstox using the UPI mode of payment. Here are the steps involved:
Login to your Upstox account.
Click on the “Invest” tab.
Select “IPO” from the menu.
Search for the Kody Technolab IPO.
Enter the number of shares you want to apply for.
Select the UPI payment option.
Enter your UPI ID and PIN.
Click on the “Apply” button.
Your application will be submitted and you will be notified of the allotment status within a few days.
Here are some additional things to keep in mind when applying for the Kody Technolab IPO through Upstox:
The minimum order quantity for the Kody Technolab IPO is 800 shares.
The application fees for the Kody Technolab IPO is INR 100 per lot.
The IPO opens for subscription on September 15, 2023 and closes on September 20, 2023.
I hope this helps!
Here are some of the things you should keep in mind before applying for the Kody Technolab IPO through Upstox:
You must have a Demat and trading account with Upstox.
You must have a UPI ID linked to your bank account.
You must have sufficient funds in your bank account to cover the application fees.
You must be aware of the risks involved in investing in an IPO.