Kody Technolab Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

15 Sep 2023

Close Date

20 Sep 2023

Allotment

25 Sep 2023

Listing Date

27 Sep 2023

Exchange

NSE SME

Price Band

₹160

Listing Price

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Allotment Status

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Price Band

₹160

Per share

Face Value

₹10 per share

Lot Size

800 Shares

per lot

Issue Size

17,20,000 shares (aggregating up to ₹27.52 Cr)

Total offering

Issue Type

Fixed Price IPO

Min Investment

₹128,000

1 lot

Pre-IPO Holding

46,53,780 shares

Promoters

Post-IPO Holding

63,73,780 shares

Promoters

P/E (Pre)

22.66x

P/E (Post)

32.06x

EPS (Pre)

₹7.06

UPI Deadline

2023-09-20

Mandate

Anchor AllotmentThu, 14 Sep 2023

Basis of AllotmentMon, 25 Sep 2023

Refund InitiationTue, 26 Sep 2023

Demat CreditWed, 27 Sep 2023

Listing DayWed, 27 Sep 2023

UPI Mandate Deadline2023-09-20

Sale TypeFresh Capital

Net Offer to Public16,33,600 shares (aggregating up to ₹26.14 Cr)

Market Maker Quota86,400 shares (aggregating up to ₹1.38 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Kody Technolab Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 20 Sep 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	86,400	—	₹1.38
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	1,720,000	100%	₹27.52

IPO Shares Offered

Kody Technolab Ltd IPO total issue size: ₹27.52 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	86,400	₹1.38	5.02%
Total	1,720,000	₹27.52	100.00%

* Based on upper price band ₹160 per share

Lot Size & Investment

Lot Size

800

Shares per Lot

Issue Price

₹160.00

Upper Band

Min Investment

₹128,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	1,600	₹256,000
Retail (Max — 13 Lots)	13	10,400	₹1,664,000
S-HNI (Min — 14 Lots)	14	11,200	₹1,792,000
B-HNI (Min — 68 Lots)	68	54,400	₹8,704,000

* Issue Price ₹160 × Lot Size 800 shares

IPO Schedule

Anchor

14 Sep 2023

✓ Done

IPO Open

15 Sep 2023

✓ Done

IPO Close

20 Sep 2023

✓ Done

Allotment

25 Sep 2023

✓ Done

Refunds

26 Sep 2023

✓ Done

Demat Credit

27 Sep 2023

✓ Done

Listing Day

27 Sep 2023

✓ Done

₹160.00

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Issue ₹160.00 Live Price

About Kody Technolab Ltd

Incorporated in 2017, Kody Technolab Limited provides software development services to a diverse set of industries.The company provides Staff Augmentation, ML Development, AR Development and Implementation, Enterprise Mobility, CX Strategy and Design, Digital Transformation, Business Analytics and intelligence, Artificial Intelligence Robotics IT Consulting, Mobile and Web App Development, Internet of Things (IoT) services, and IT consulting services.As of June 2023, the Company has over 106 employees, comprising developers, designers, project managers, and quality assurance specialists.For the year ended March 31, 2023, Kody Tech's Total Income and Restated Profit after tax were Rs. 1109.10 Lakhs and Rs. 318.09 Lakhs. For the year ended March 31, 2022, the company's Total Income and Restated Profit after tax were Rs. 384.20 Lakhs and Rs. 62.13 Lakhs, as compared to the Total Income and Restated Profit after tax of Rs. 248.16 Lakhs and Rs. (10.80) Lakhs respectively, over the previous year ended i.e. March 31, 2021.

Objects of the Issue

Funding Capital Expenditure toward setting up development center at gift city, Gandhinagar

Funding incremental Working Capital Requirement of the Company

Repayment/ prepayment of certain borrowings availed by the Company

General Corporate Purpose

Kody Technolab Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹248.2

31 Mar 2021

₹384.2

31 Mar 2022

₹1,109.1

31 Mar 2023

Profit After Tax (PAT)

-₹10.8

31 Mar 2021

₹62.1

31 Mar 2022

₹318.1

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	1109.10	384.20	248.16
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	318.09	62.13	-10.80
Net Worth	469.35	-109.03	-171.16
Total Assets	1452.55	238.04	115.14
Reserves & Surplus	123.99	-110.03	-172.16
Borrowings	746.79	161.47	150.39
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoE

176.59%

RoCE

97.37%

RoNW

67.77%

Debt/Equity

1.59

Issue Structure & Shareholding

Total Shares Offered17,20,000 (100.00%)

Net Offer to Public16,33,600 shares (aggregating up to ₹26.14 Cr)

Reserved for Market Maker86,400 shares (aggregating up to ₹1.38 Cr)

Pre-Issue Promoter Holding46,53,780 shares

Post-Issue Promoter Holding63,73,780 shares

P/BV RatioN/A

RoE176.59%

RoCE97.37%

Debt / Equity1.59

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

Kfin Technologies Ltd

04067162222, 04079611000

kody.ipo@kfintech.com

https://ipostatus.kfintech.com/

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Book Running Lead Managers

Beeline Capital Advisors Pvt.Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Kody Technolab Ltd IPO subscribed? ▲

Kody Technolab Ltd IPO is subscribed 1.00 times by Sep 20, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Kody Technolab Ltd IPO retail subscription status? ▼

The Kody Technolab Ltd IPO retail category is subscribed 1.00 times as of 20 Sep 2023. The retail portion is oversubscribed.

How to subscribe Kody Technolab Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 15 Sep 2023 and closes 20 Sep 2023. Min investment: ₹128,000 (1 lot = 800 shares). UPI mandate: 2023-09-20.

How many times Kody Technolab Ltd IPO subscribed? ▼

The Kody Technolab Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Kody Technolab Ltd IPO allotment? ▼

Check allotment on the registrar website (Kfin Technologies Ltd) at https://ipostatus.kfintech.com/. Enter your PAN, application number or DP/Client ID. Allotment date: 25 Sep 2023. Refunds: on 26 Sep 2023.

When Kody Technolab Ltd IPO will be listed? ▼

The Kody Technolab Ltd IPO listing date is 27 Sep 2023, Wednesday. Listed on: NSE SME. Issue price: ₹160. Estimated listing: ₹160. GMP: NIL.

When Kody Technolab Ltd IPO close? ▼

The Kody Technolab Ltd IPO closes on 20 Sep 2023, Wednesday. UPI mandate: 2023-09-20. Allotment: 25 Sep 2023. Listing: 27 Sep 2023.

Quick Actions

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Live Price LIVE

Last Price₹160.00

Change—

Issue Price₹160.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹160

Face Value₹10

Lot Size800 Sh

Min. Amount₹128,000

GMPNIL

Est. Listing₹160

Subscribed1.00x

Open Date15 Sep 2023

Close Date20 Sep 2023

Allotment25 Sep 2023

Listing Date27 Sep 2023

ExchangeNSE SME

UPI Deadline2023-09-20