Founded in 2017, Kody Technolab Limited is a provider of comprehensive software development services catering to a wide array of industries.
The company offers a diverse range of services, including Staff Augmentation, ML Development, AR Development and Implementation, Enterprise Mobility solutions, 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, Kody Technolab Limited boasts a dedicated team of over 106 professionals, comprising developers, designers, project managers, and quality assurance specialists.
For the fiscal year ending on March 31, 2023, Kody Tech reported Total Income and Restated Profit after tax of Rs. 1109.10 Lakhs and Rs. 318.09 Lakhs, respectively. In comparison, for the fiscal year ending on March 31, 2022, the company recorded Total Income and Restated Profit after tax of Rs. 384.20 Lakhs and Rs. 62.13 Lakhs. These figures represent significant growth compared to the Total Income and Restated Profit after tax of Rs. 248.16 Lakhs and Rs. (10.80) Lakhs, respectively, reported for the previous fiscal year ending on March 31, 2021.
Kody Technolab IPO Details #
Kody Technolab IPO is a Fixed Price Issue. The IPO total issue size is Rs 27.52 Cr. The Kody Technolab IPO price is ₹160 per share. The IPO will list on NSE SME.
| IPO Date | September 15, 2023 to September 20, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹160 per share |
| Lot Size | 800 Shares |
| Total Issue Size | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
| Fresh Issue | 1,720,000 shares (aggregating up to ₹27.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,653,780 |
| Share holding post issue | 6,373,780 |
| Market Maker portion | 86,400 shares Spread X Securities |
Kody Technolab IPO Reservation #
| Other Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
Kody Technolab IPO Timetable (Tentative) #
Kody Technolab IPO opens on September 15, 2023, and closes on September 20, 2023.
| IPO Open Date | Friday, September 15, 2023 |
| IPO Close Date | Wednesday, September 20, 2023 |
| Basis of Allotment | Monday, September 25, 2023 |
| Initiation of Refunds | Tuesday, September 26, 2023 |
| Credit of Shares to Demat | Wednesday, September 27, 2023 |
| Listing Date | Thursday, September 28, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 20, 2023 |
Kody Technolab IPO Lot Size #
The minimum lot size of this Kody Technolab IPO is 800 shares required is ₹128,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1,600 | ₹256,000 |
| Lot Size Calculator | |||
Kody Technolab IPO Promoter Holding #
Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel and Mrs. Pooja Sunny Patel are the promoters of the company.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.01% |
Company Financials #
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 |
| Assets | 115.14 | 238.04 | 1,452.55 |
| Revenue | 248.16 | 384.20 | 1,109.10 |
| Profit After Tax | -10.80 | 62.13 | 318.09 |
| Net Worth | -171.16 | -109.03 | 469.35 |
| Reserves and Surplus | -172.16 | -110.03 | 123.99 |
| Total Borrowing | 150.39 | 161.47 | 746.79 |
Key Performance Indicator #
Kody Technolab IPO Market Cap is Rs 101.98 Cr and P/E (x) is 22.66.
| KPI | Values |
|---|---|
| P/E (x) | 22.66 |
| Market Cap (₹ Cr.) | 101.98 |
| ROE | 176.59% |
| ROCE | 97.37% |
| Debt/Equity | 1.59 |
| EPS (Rs) | 7.06 |
| RoNW | 67.77% |
Objects of the Issue #
The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
- Funding Capital Expenditure toward setting up a 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.
- To Meet the Issue Expenses.
Kody Technolab IPO Review (Avoid) #
[Dilip Davda] The company operates in a highly competitive and fragmented segment. Bumper performance for FY23 raises eyebrows and concerns over sustainability. Based on its super earnings for FY23, the issue appears greedily priced. There is no harm in skipping it. Read detail review…
Kody Technolab IPO Prospectus #
Company Contact Information #
2nd Floor, Block-J, Safal Monde Near Iscon Mall,
Near Rajpathclub, S.G Highway,
Bodakdev, Ahmedabad – 380054
Phone: +91-9377229944
Email: info@kodytechnolab.com
Website: https://kodytechnolab.com/
Kody Technolab IPO Registrar #
Phone: 04067162222, 04079611000
Email: kody.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/
