The Canarys Automations IPO commenced on September 27, 2023, and concluded on October 3, 2023. The allotment of shares took place on October 6, 2023, and the initiation of refunds began on October 9, 2023. The shares were credited to the demat accounts of investors on October 10, 2023. Finally, the listing of Canarys Automations on the stock exchange occurred on October 11, 2023.
The Canarys Automations IPO was priced at ₹29 to ₹31 per share, with a lot size of 4000 shares. The total issue size was ₹47.03 crores, comprising a fresh issue of ₹47.03 crores. The IPO was listed on the NSE SME.
In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 34.44% of the shares, the NII (Non-Institutional Investors) quota was reserved for 18.67% of the shares, and the retail quota was reserved for 19.65% of the shares.
Canarys Automations IPO Basic Details
|Company Name||Canarys Automations Limited|
|Domain of Company||IT Company|
|Canarys Automations IPO GMP Today||₹5|
|Canarys Automations IPO Listing Gain||16.13%|
|Canarys Automations IPO Open Date||September 27, 2023|
|Canarys Automations IPO Close Date||October 3, 2023|
|Canarys Automations IPO Allotment Date||October 6, 2023|
|Canarys Automations IPO Listing Date||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|
|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 GMP Today:
|Date||GMP||Listing Gain||Kostak||Subject to|
|27 September 2023||₹5||16.13%||–||–|
Canarys Automations Limited IPO Details:
Canarys Automations Limited started in 1991 and specializes in IT solutions related to digitalization, modernization, automation, and intelligence. The company operates in two main areas:
- Technology Solutions: We offer a range of consulting services that cover digitalization, modernization, cloud computing, automation, transformation, and intelligence. Our expertise includes DevOps consulting (using platforms like Azure, GitHub, Atlassian, GitLab, etc.), cloud consulting (Azure, AWS, GCP), digital enterprise solutions using SAP and MS Dynamics 365, robotic process automation (RPA), digital applications, and mobility solutions.
- Water Resource Management Solutions: We provide automation solutions to enhance irrigation water conservation, improve water usage efficiency, offer turnkey flood risk assessment and mitigation, implement cloud-based automation for water distribution in rivers and canals, and deploy SCADA gate control systems.
Canarys Automations serves a wide range of industries, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more. We have delivered business applications to over 1000 customers not only in India but also in more than 10 other countries, such as the USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Sri Lanka, and Indonesia. Our customers come from diverse industries.
Canarys Automations IPO More Details Click Here
Canarys Automations IPO FAQs
When is Canarys Automations IPO open?
Canarys Automations IPO will open on 27 September 2023.
When is Canarys Automations IPO Close?
Canarys Automations IPO will be closed on 3 October 2023.
What is Canarys Automations IPO GMP Today?
The Canarys Automations IPO GMP aka Grey Market Premium is ₹5.
What is Canarys Automations IPO Kostak Rates Today?
The Canarys Automations IPO Kostak Rate is ₹000.
What is Canarys Automations IPO Subject to Sauda Price Today?
The Canarys Automations IPO subject to sauda rates is ₹000.
Canarys Automations IPO Expected Returns?
The Canarys Automations expected return is 16.13%.
How much will be the listing gain in Canarys Automations IPO?
Canarys Automations IPO will get listing gain of 16.13%. (Approx.)