The Canarys Automations IPO started on September 27, 2023, and ended on October 3, 2023. Shares were allocated on October 6, 2023, and refund processes began on October 9, 2023. On October 10, 2023, the shares were credited to investors demat accounts. Canarys Automations was officially listed on the stock exchange on October 11, 2023.
During the IPO, Canarys Automations offered shares at a price range of ₹29 to ₹31 per share, and the lot size was 4000 shares. The total issue size was ₹47.03 crores, with ₹47.03 crores from new shares. The IPO was listed on the NSE SME.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
Canarys IPO Subscription Update Video
Canarys Automations IPO Subscription Status
The Canarys Automations IPO on September 28, 2023 was subscribed times, with the retail category being subscribed times, the NII (Non-Institutional Investor) category being subscribed times, the QIB (Qualified-Institutional Buyers) category being subscribed times.
| Category | Subscription |
| QIB | x |
| NII | x |
| Retail | x |
| Total | x |
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 |
About Canarys Automations Limited
Canarys Automations Limited started in 1991 and offers IT solutions in areas like Digitalization, Modernization, Automation, and Intelligence. The company has two main parts:
- Technology solutions: We provide various consulting services in Digitalization, Modernization, Cloud technology, Automation, Transformation, and Intelligence. Our expertise covers DevOps Consulting (using tools like 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: We specialize in automation solutions to make irrigation more efficient, assess and manage flood risks, automate water usage in rivers and canals, and control SCADA gates.
Our solutions are used in different industries, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more. We have served over 1000 customers, not just in India but also in more than 10 countries, including the USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Sri Lanka, and Indonesia. These customers come from various industries.
Canarys Automations IPO Should you subscribe?
Canarys Automations IPO More Details Click Here
Canarys Automations IPO FAQs
What is the start and end date of Canarys Automations IPO Subscription?
The Canarys Automations IPO started on September 27, 2023, and ended on October 3, 2023.
When does Canarys Automations IPO Subscription open?
The Canarys Automations IPO open on September 27, 2023.
When does Canarys Automations IPO Subscription close?
The Canarys Automations IPO Close on October 3, 2023.
What is the allotment date of Canarys Automations IPO?
The allotment date for Canarys Automations IPO is October 6, 2023.
When is the initial refund date of Canarys Automations IPO?
The initial Refund date for Canarys Automations IPO is October 9, 2023.
When were the shares credited to investors demat accounts for the Canarys Automations IPO?
The shares for the Canarys Automations IPO were credited to investors demat accounts on October 10, 2023.
When will Canarys Automations IPO be listed on the stock market?
Canarys Automations IPO stock market will be listed on October 11, 2023 at 10 am.
What was the price range of the Canarys Automations IPO shares?
The Canarys Automations IPO shares were offered at a price range of ₹29 to ₹31 per share.
What was the lot size for the Canarys Automations IPO shares?
The lot size for the Canarys Automations IPO shares was 4000 shares.
What was the total issue size of the Canarys Automations IPO?
The total issue size of the Canarys Automations IPO was ₹47.03 crores.
How were the shares allocated among different types of investors for the Canarys Automations IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the Canarys Automations IPO listed?
The Canarys Automations IPO was listed on the NSE SME.
What is the Canarys Automations IPO Subscription Status?
Canarys Automations IPO is subscribed Times.
