Canarys Automations IPO Details | GMP, Date, Price, Review

Canarys Automations IPO Details ( Canarys Automations Limited IPO Review )

(27 Sep 2023 – 3 Oct 2023)

Canarys Automations Limited was founded in 1991 and specializes in providing IT solutions for Digitalization, Modernization, Automation, and Intelligence. The company operates in two main areas:

1. Technology Solutions: This covers a wide range of consulting services, such as Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. They have expertise in areas like 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 aimed at modernizing irrigation, conserving water, enhancing water use efficiency, providing flood risk assessment and mitigation services, automating water utilization processes for river and canal sharing, and implementing SCADA gate control systems.

Canarys Automations serves a wide range of industries, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more. They have delivered business applications to over 1000 customers, not only in India but also in more than 10 other countries, including the USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Sri Lanka, and Indonesia. These customers come from diverse industries.

Canarys Automations Limited IPO Competitive Strength

• High Quality Standards
• Value Creation Approach
• Sustainability Focus
• Customer Centric Approach
• Skilled and Experienced Team

Canarys Automations IPO Financials Performance ( Results )

Canarys Automations Limited Financial Information (Restated Consolidated)

All Amount in ₹ Lakhs

Period Ended	Total Assets	Total Revenue	PAT	EPS (₹)	Net Worth	NAV (₹)	Reserves	Borrowing
31-Mar-21	2,003.04	2,578.22	210.42	1.16	1,258.17	7.22	546.90
31-Mar-22	4,753.57	5,199.93	455.81	2.08	1,683.44	8.66	755.40	879.33
31-Mar-23	6,377.89	7,547.28	852.51	3.92	2,537.91	12.44	1,609.87	1,415.61

Objective of Canarys Automations IPO Issue

• Funding of expenditure relating to solutions development for digital transformation and water resources management solutions.
• Creation of a new delivery center including infrastructure thereof and upgrading existing facilities.
• Funding working capital requirements of the Company.
• General corporate purposes.

Canarys Automations IPO Basic Details

IPO Date	Sep 27, 2023 to Oct 3, 2023
Listing Date	Wednesday, October 11, 2023
Face Value	₹2 per share
Price	₹29 to ₹31 per share
Lot Size	4000 Shares
Issue Size	15,172,000 shares of ₹2 (aggregating up to ₹47.03 Cr)
Fresh Issue	15,172,000 shares of ₹2 (aggregating up to ₹47.03 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Share holding pre issue	41,011,920
Share holding post issue	56,183,920
Company Promoters	Mr. Metikurke Ramaswamy Raman Subbarao, Mr. Danavadi Krishnamurthy Arun, Mr. Raghu Chandrashekhariah, Mr. Sheshadri Yedavanahalli Srinivas, Mr. Pushparaj Shetty and Mr. Nagaraju Vineeth

Canarys Automations IPO Reservation

Anchor Investor Shares Offered	22.05% of the Net Issue
Market Maker Shares Offered	5.19% of the Net Issue
QIB Shares Offered	19.65% of the Net Issue
NII (HNI) Shares Offered	18.67% of the Net Issue
Retail Shares Offered	34.44% of the Net Issue
Total Shares Offered	100% of the Net Issue

Canarys IPO Timetable

Canarys IPO will open on September 27, 2023 and close on October 3, 2023. You can join Canarys IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.

Event	Date
Opening Date	27 September 2023 (Wednesday)
Closing Date	3 October 2023 (Tuesday)
Basis of Allotment	6 October 2023 (Friday)
Initiation of Refunds	9 October 2023 (Monday)
Credit of Shares to Demat	10 October 2023 (Tuesday)
Listing Date	11 October 2023 (Wednesday)
Deadline for UPI mandate confirmation	5 PM on 3 October 2023

Canarys Automations IPO Lot Size

For retail investors in Canarys Automations IPO, 4000 shares will come in 1 lot or the minimum investment will be ₹124,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹124,000.

Application	Lots	Shares	Amount
Retail (Min)	1	4000	₹124,000
Retail (Max)	1	4000	₹124,000
S-HNI (Min)	2	8000	₹248,000

Canarys Automations IPO Promoter Holding

The company’s promoters include 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 Ltd IPO Key Performance Indicator ( Valuation )

In the table given below, all the figures have been told according to the latest financial year.

KPI	Values
Market Cap (₹ Cr.)	174.17
Earning Per Share (EPS)	₹3.92 per Equity Share
Net Asset Value (NAV)	₹12.44 per Equity Share
Post P/E Ratio (P/E) (x)	20.39
Return on Net Worth (RoNW) (%)	31.64
Return on equity (ROE) (%)	Coming Soon
Return on Capital Employed (ROCE) (%)	Coming Soon
Debt/Equity Ratio	Coming Soon

Canarys Automations Ltd Peer Comparison

Company Name	Consolidated/ Standalone	CPM (₹)	Face Value	EPS (₹)	P/E Ratio	RoNW (%)	NAV (₹)
Canarys Automations Limited	Consolidated	31	2.00	4.29	20.39	31.64	12.401
Peer Group
All E Technologies Limited	Consolidated	87.15	10.00	6.95	12.53	12.01	49.81
Happiest minds Limited	Consolidated	767.85	2.00	16.13	47.95	27.25	58.25

Canarys Automations IPO GMP Live Update, Kostak Rate day by day

Date	GMP	Kostak	Subject to
28 September 2023	₹5	–	–
27 September 2023	₹5	–	–

Canarys Automations IPO Detail Video:

Video is Not Available

Canarys Automations IPO Subscription Status (Bidding Detail)

The Canarys Automations IPO on October 3, 2023 at 7:30:00 PM was subscribed 9.94 times, with the retail category being subscribed 11.70 times, the NII (Non-Institutional Investor) category being subscribed 14.29 times, QIB (Qualified-Institutional Buyers) category being subscribed 2.73 times.

Category	Subscription
QIB	2.73x
NII	14.29x
Retail	11.70x
Total	9.94x

Canarys Automations IPO Prospectus

Canarys Automations IPO DRHP	Download
Canarys Automations IPO RHP	Download
Canarys Automations IPO Anchor Investors Details PDF	Download

Canarys Automations IPO Rating

Our Rating

3.0/5.0

Canarys Automations Company Contact Information

Canarys Automations Limited

Registered Office: No. 566 & 567, 2nd Floor, 30th Main, Attimabbe Road, Banagirinagara, Banashankari 3rd Stage, Bengaluru 560085, Karnataka, India,
Contact Person: Mrs. Nagashree Hegde, Company Secretary and Compliance Officer
Tel: +91-98458 62780
E-mail: nagashree.hegde@ecanarys.com
Website: https://www.ecanarys.com/
Our Promoters: Mr. Metikurke Ramaswamy Raman Subbarao, Mr. Danavadi Krishnamurthy Arun, Mr. Raghu Chandrashekhariah, Mr. Sheshadri Yedavanahalli Srinivas, Mr. Pushparaj Shetty and Mr. Nagaraju Vineeth

Canarys Automations IPO Registrar

Link Intime India Private Limited

Address: C-101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg, Vikhroli (West), Mumbai,
Maharashtra, India – 400 083.
Tel No.: +91- 810 811 4949 Fax +91- 22 4918 6195
E-mail: canarys.ipo@linkintime.co.in
Investor Grievance Email: canarys.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No: INR000004058
CIN: U67190MH1999PTC118368

Canarys Automations IPO Lead Manager

Indorient Financial Services Limited

Regd Off. Add: A/501, Rustomjee Central Park, Executive Spaces, Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra, India.
Tel: +91-79772 12186
E-mail: compliance-ifsl@indorient.in
Investor Grievance E-mail: wecare@indorient.in
Website: www.indorient.in
Contact Person: Mr. Ivor Anil Misquith
SEBI Registration No: INM000012661
CIN: U67190DL1993PLC052085

Canarys Automations IPO FAQs