Canarys Automations Ltd IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 7,200,000 (47%) | — | ₹2,232 Cr |
| NII (HNI) | — | 2,164,000 (14%) | — | ₹671 Cr |
| Retail | — | 5,048,000 (33%) | — | ₹1,565 Cr |
| Market Maker | — | 760,000 (5%) | — | ₹24 Cr |
| Σ Total | — | 15,172,000 (100%) | — | ₹47,033 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 4,000 | ₹124,000 |
| Retail (Max) | 13 | 52,000 | ₹1,612,000 |
| S-HNI (Min) | 14 | 56,000 | ₹1,736,000 |
| B-HNI (Min) | 67 | 268,000 | ₹8,308,000 |
Financial Statements Amount in ₹ Lakhs
| Metric | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Revenue | 7,547 | 5,200 | 2,578 |
| Profit After Tax | 853 | 456 | 210 |
| Net Worth | 2,538 | 1,683 | 1,258 |
| Total Assets | 6,378 | 4,754 | 2,003 |
| Reserves & Surplus | 1,610 | 755 | 547 |
| Total Borrowing | 1,416 | 879 | — |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- Funding of expenditure relating to solutions development for digital transformation and water resources management solutions – 11.00
- Creation of new delivery centre including infrastructure thereof and upgrading existing facilities; – 8.94
- Funding working capital requirements of the Company – 15.00
- General corporate purposes – 6.09
Company Overview
Incorporated in 1991, Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.
The company has two business verticals:
- Technology solutions: This includes a multiple array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. Technology expertise includes DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions using SAP, MS Dynamics 365, RPA, Digital Applications, and Mobility Solutions.
- Water Resource Management Solution: This involves automation solutions to modernize irrigation water conservation and improve water use efficiency, Turnkey flood risk assessment and mitigation, cloud-based water utilization process automation for water sharing in rivers and canals, and SCADA gate control systems.
Canarys Automations' solutions span across various industry sectors, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more.
The company has provided business applications to over 1000 customers. Besides India, the company has serviced customers from more than 10 countries. These include USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Srilanka and Indonesia. These customers come from diverse industries.