Capital Numbers Infotech IPO: GMP, Subscription Status, Price Band & Key Details You Need to Know
Capital Numbers Infotech Limited IPO: Complete Overview
The initial public offering (IPO) of Capital Numbers Infotech Limited was launched on Monday with the goal of raising ₹169.37 crore from the primary markets. With 2.86 subscriptions on the first day, the SME IPO got off to a great start. The initial public offering (IPO) consists of both a new share issuance and an offer by current shareholders to sell their shares.
Capital Numbers Infotech IPO Details for Investors:
Price Band and Issue Size
1.) Fresh Issue: ₹84.69 crore (3.22 million shares).
2.) Offer for Sale (OFS): ₹84.69 crore (3.22 million shares).
3.) Price Band: ₹250 – ₹263 per share.
4.) Total Offer Size: ₹169.37 crore at the upper price band.
Important Dates
1.) IPO Open Date: January 22.
2.) IPO Close Date: January 22.
3.) Share Allotment Date: January 23.
4.) Credit of Shares to Demat Accounts: January 24.
5.) Refund Initiation: January 24.
6.) Listing Date: January 27 on the BSE SME platform.
Subscription Details (Day 2)
As of 5:19 PM on January 23, the IPO had been subscribed 12.16 times overall:
1.) Qualified Institutional Buyers (QIBs): 3.09 times.
2.) Non-Institutional Investors (NIIs): 15.69 times.
3.) Retail Investors: 15.83 times.
Lot Size and Investment
1.) Lot Size: 400 shares.
2.) Minimum Investment Amount (Retail): ₹1,05,200.
3.) Allocation:
@ QIBs: 50%.
@ Retail Investors: 35%.
@ Non-Institutional Investors: 15%.
Registrar and Lead Manager
1.) Registrar: Link Intime India Pvt. Ltd.
2.) Book-Running Lead Manager: GYR Capital Advisors Pvt. Ltd.
Grey Market Premium (GMP)
The GMP was ₹140 at 2:53 PM on January 21, suggesting a possible listing gain of 53.23%. The shares are anticipated to list on the BSE SME platform for ₹403 per share, based on existing trends.
Note: GMP figures are not official price quotes; they are estimates.
Business and Financial Overview
CapitalNumbers Infotech Limited provides comprehensive software development solutions along with IT engineering and digital consulting services.
1.) Important services include cloud engineering, AI/ML, data analytics, digital engineering, and more.
2.) Clientele: As of September 2024, there were 250 active clients out of a total of over 1,000 worldwide.
Utilization of Funds
The company plans to use IPO proceeds for:
1.) Enhancing technology capabilities.
2.) Boosting business development expenditure.
3.) Investing in subsidiaries.
4.) Supporting both organic and inorganic growth.
5.) General corporate purposes.
Given the company’s solid financial results and anticipated development trajectory in the IT engineering sector, this IPO offers investors a substantial opportunity.
Capital Numbers Infotech IPO
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