IPO

Canarys Automations Limited IPO

NSE SME

Listed On: Oct 11, 2023 at ₹ 43.45

₹ 248000 /8000 Shares
*Min Investment

Check Allotment

27 Sep, 2023

Open Date

03 Oct, 2023

Close Date

06 Oct, 2023

Allotment Date

11 Oct, 2023

Listing Date
Canarys Automations Limited IPO Issue Details
  • Issue Price ₹29-31 per equity share
  • Face Value ₹10 Per Equity Share
  • Issue Price 15,172,000 shares(aggregating up to ₹47.03 Cr)
  • Listing at NSE SME
  • List Price 43.45
  • Listing Date 2023-10-11
  • Lead Manager Indorient Financial Services Ltd
  • Registrar Link Intime India Private Ltd
Canarys Automations Limited IPO Details
  • Retail Portion 35%
Canarys Automations Limited IPO Documents
RHP
Canarys Automations Limited IPO Details


Canarys Automations Limited IPO is an SME IPO, priced at ₹29-31 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform.

The IPO bidding window is open from Sep 27, 2023 to Oct 3, 2023. The allotment is expected to be finalized on Oct 6, 2023, and the tentative listing date is Oct 11, 2023.


The registrar of the IPO is Link Intime India Private Ltd, and

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Canarys Automations Limited IPO Subscription Analysis And Details
Retail
11.70x
Total
9.55x
As onQIB / NIIRetailTotal
Day 1 - 27-09-23 05:00 PM0.00/0.38 x0.43 x0.30 x
Day 2 28-09-23 05:00 PM
0.00/0.18 x0.85 x0.45 x
Day 3 29-09-23 05:00 PM
0.00/0.59 x1.89 x1.05 x
Day 4 03-10-23 05:00 PM
1.98/18.42 x11.70 x9.55 x
Canarys Automations Limited Valuations
Earnings Per Share (EPS) ₹4.29/-
P/E Ratio N/A
RoNW 31.64%
Net Asset Value (NAV) - Post Issue ₹N/A/-
Canarys Automations Limited Company Financials
In Lakhs
In Lakh
31-Mar-2331-Mar-2231-Mar-21
Assets6,377.894,753.572,003.04
Revenue7,547.285,199.932,578.22
Profit After Tax852.51455.81210.42
About Canarys Automations Limited Company

Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.

The company has two business verticals:
1. 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.
2. 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.

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Canarys Automations Limited - Promoter(s)

Mr. Metikurke Ramaswamy Raman Subbarao, Mr. Danavadi Krishnamurthy Arun, Mr. Raghu Chandrashekhariah, Mr. Sheshadri Yedavanahalli Srinivas, Mr. Pushparaj Shetty and Mr. Nagaraju Vineeth

Pre Issue Share Holding : 77.49%

Post Issue Share Holding : %

Canarys Automations Limited IPO - Issue Objectives
1

Funding of expenditure relating to solutions development for digital transformation and water resources management solutions.

2

Creation of a new delivery center including infrastructure thereof and upgrading existing facilities.

3

Funding working capital requirements of the Company.

4

General corporate purposes.