Ksolves India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 190,800 (47%) | — | ₹191 Cr |
| Retail | — | 190,800 (47%) | — | ₹191 Cr |
| Market Maker | — | 20,400 (5%) | — | ₹2 Cr |
| Σ Total | — | 402,000 (100%) | — | ₹4,020 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 | 1,200 | ₹120,000 |
| Retail (Max) | 13 | 15,600 | ₹1,560,000 |
| S-HNI (Min) | 14 | 16,800 | ₹1,680,000 |
| B-HNI (Min) | 67 | 80,400 | ₹8,040,000 |
Financial Statements Amount in Rs Cr
| Metric | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Revenue | 815 | 543 | 341 |
| Profit After Tax | 67 | 16 | 6 |
| Total Assets | 166 | 69 | 53 |
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
- To Meet Working Capital Requirement – 2.80
- General Corporate Expenses – 0.82
- Public Issue Expenses – 0.40
Company Overview
Incorporated in 2014, Ksolves India Ltd is a software services and product company. It is engaged in providing enterprise solutions, software development, consulting, and Information Technology solutions for clients. The company works for different sectors such as Healthcare, Telecom, E-commerce, Real Estate, and Finance.
It provides digital solutions to client organizations to develop powerful applications, maintain software systems, and enhance the functionality of the software as per the business requirements. The applications created by the company include automation of routine business functions to make them accurate, faster, and easier and increase the channels for better functioning.
Ksolves has acquired Kartik Solutions Private Limited in 2019 and it has become the wholly-owned subsidiary of the company. Kartik Solutions provides IT and IT-enabled services including web, mobile, cloud, and e-commerce solutions.
The company along with its subsidiary has a presence over 30 countries and major sales (80%) from North America.
Competitive Strengths
1. Long-standing customer relationship
2. Diversified revenue from multiple reaches across the world
3. Focus on technology trend evolution
4. Diverse business across multiple industries