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:
- 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.
- 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
What is the lot size of Canarys Automations IPO?
The total size of Canarys Automations IPO is ₹47.03 crores and this is a complete fresh Issue.
When will Canarys Automations IPO start?
Canarys Automations IPO will open from 27 September 2023 and IPO will close on 3 October 2023.
What is the open date of Canarys Automations IPO?
Canarys Automations IPO will open date from 27 September 2023.
What is the last date ( close date ) of Canarys Automations IPO?
Canarys Automations IPO will close from 3 October 2023.
What is the price band of Canarys Automations IPO?
Canarys Automations IPO price band is ₹29 to ₹31. ( Upper Price Band: ₹31, Lower Price Band: ₹29 )
What is the minimum amount required to apply for Canarys Automations IPO?
The minimum investment for retailers to apply for Canarys Automations IPO is ₹124,000 and the maximum investment is ₹124,000.
What is going on gray market premium of Canarys Automations IPO?
View gray market premium of Canarys Automations IPO by Clicking Here
How much is the GMP of Canarys Automations IPO?
Watch Canarys Automations IPO GMP Today: Click Here
What is the allotment date of Canarys Automations IPO?
The allotment date of Canarys Automations IPO is 6 October 2023.
How to check allotment status in Canarys Automations IPO?
To check the allotment status of Canarys Automations IPO, first of all go to the registrar website by clicking here, select your bad Canarys Automations IPO name or enter your bad application number, PAN number or client ID and click on submit. ( Video Link )
What is the listing date of Canarys Automations IPO?
The listing date of Canarys Automations IPO is 11 October 2023.
How much will be the listing gain in Canarys Automations IPO?
View listing gain of Canarys Automations IPO by Clicking Here
How much time Canarys Automations IPO is subscribed?
Total 9.94 times subscribed in Canarys Automations IPO out of which 11.70 times subscription was done in retail quota, 14.29 times subscription in NII quota and 2.73 times subscription in QIB quota.
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