Kody Technolab IPO Details ( Kody Technolab Limited IPO Review )
(15 Sep 2023 – 20 Sep 2023)
Kody Technolab Limited was founded in 2017 with a mission to offer top-notch software development services across various industries.
Our wide range of services includes Staff Augmentation, Machine Learning Development, Augmented Reality Development and Integration, Enterprise Mobility Solutions, Customer Experience Strategy and Design, Digital Transformation, Business Analytics and Intelligence, Artificial Intelligence and Robotics Consulting, Mobile and Web App Development, Internet of Things (IoT) Solutions, and comprehensive IT consulting.
As of June 2023, our team has grown to include more than 106 dedicated professionals, including developers, designers, project managers, and quality assurance specialists, all working together to bring innovative solutions to our clients.
Kody Technolab Limited IPO Competitive Strength
- Existing client relationship
- Diversified customer base and revenue sources
- Well-trained employee base
- Opportunity for innovation
- Global Delivery Network
- Emphasis on cybersecurity
- Experienced Promoters
Kody Technolab IPO Financials Performance ( Results )
Kody Technolab Limited Financial Information (Restated)
All Amount in ₹ Lakhs
| Period Ended | Total Assets | Total Revenue | PAT | EPS (₹) | Net Worth | NAV (₹) | Reserves | Borrowing |
| 31-Mar-21 | 115.14 | 248.16 | -10.80 | -4.01 | -171.16 | -1711.56 | -172.16 | 150.39 |
| 31-Mar-22 | 238.04 | 384.20 | 62.13 | 23.05 | -109.03 | -1090.28 | -110.03 | 161.47 |
| 31-Mar-23 | 1,452.55 | 1,109.10 | 318.09 | 7.06 | 469.35 | 13.59 | 123.99 | 746.79 |
Objective of IPO Issue
- Funding Capital Expenditure toward setting up a development center at Gift City, Gandhinagar.
- Funding incremental Working Capital Requirement of the company.
- Repayment/ prepayment of certain borrowings availed by the company.
- General Corporate Purpose.
- To Meet the Issue Expenses.
Kody Technolab IPO Basic Details
| IPO Date | Sep 15, 2023 to Sep 20, 2023 |
| Listing Date | Thursday, September 28, 2023 |
| Face Value | ₹10 per share |
| Price | ₹160 per share |
| Lot Size | 800 Shares |
| Issue Size | 1,720,000 shares of ₹10 (aggregating up to ₹27.52 Cr) |
| Fresh Issue | 1,720,000 shares of ₹10 (aggregating up to ₹27.52 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 4,653,780 |
| Share holding post issue | 6,373,780 |
| Company Promoters | Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel And Mrs. Pooja Sunny Patel |
Kody Technolab IPO Reservation
| Other Shares Offered | 50% of the Net Issue |
| Retail Shares Offered | 50% of the Net Issue |
Kody Technolab IPO Timetable
Kody Technolab IPO will open on September 15, 2023 and close on September 20, 2023. You can join Kody Technolab IPO at 10.00 A.M. to 5.00 p.m. Upto which mandate can be applied.
| Event | Date |
| Opening Date | 15 September 2023 (Friday) |
| Closing Date | 20 September 2023 (Wednesday) |
| Basis of Allotment | 25 September 2023 (Monday) |
| Initiation of Refunds | 26 September 2023 (Tuesday) |
| Credit of Shares to Demat | 27 September 2023 (Wednesday) |
| Listing Date | 28 September 2023 (Thursday) |
| Deadline for UPI mandate confirmation | 5 PM on 20 September 2023 |
Kody Technolab IPO Lot Size
For retail investors in Kody Technolab IPO, 800 shares will come in 1 lot or the minimum investment will be ₹256,000. Retail-individual investors can apply for up to 1 lots or the maximum investment will be ₹256,000.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 800 | ₹128,000 |
| Retail (Max) | 1 | 800 | ₹128,000 |
| HNI (Min) | 2 | 1600 | ₹256,000 |
Kody Technolab IPO Promoter Holding
The company’s promoters include Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel and Mrs. Pooja Sunny Patel.
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding | 73.01% |
Kody Technolab 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.) | 101.98 |
| Earning Per Share (EPS) | ₹7.06 per Equity Share |
| Net Asset Value (NAV) | ₹13.59 per Equity Share |
| P/E Ratio (P/E) (x) | 22.66 |
| Return on Net Worth (RoNW) (%) | 67.77 |
| Return on equity (ROE) (%) | 176.59 |
| Return on Capital Employed (ROCE) (%) | 97.37 |
| Debt/Equity Ratio | 1.59 |
Kody Technolab Ltd Peer Comparison
| Company Name | Consolidated/ Standalone | Face Value | EPS (₹) | P/E Ratio | RoNW (%) | NAV (₹) |
| Kody Technolab Limited | Standalone | 10.00 | 7.06 | 22.66 | 67.81 | 13.59 |
| Ksolves India Limited | Standalone | 10.00 | 20.98 | 42.18 | 109.34 | 18.97 |
| Sigma Solves Limited | Standalone | 10.00 | 1.86 | 161.55 | 8.92 | 11.95 |
Kody Technolab IPO GMP Live Update, Kostak Rate day by day
| Date | GMP | Kostak | Subject to |
| 22 September 2023 | ₹35 | – | – |
| 21 September 2023 | ₹35 | – | – |
| 20 September 2023 | ₹40 | – | – |
| 19 September 2023 | ₹50 | – | – |
| 18 September 2023 | ₹55 | – | – |
| 17 September 2023 | ₹65 | – | – |
| 16 September 2023 | ₹65 | – | – |
| 15 September 2023 | ₹70 | – | – |
| 14 September 2023 | ₹70 | – | – |
Kody Technolab IPO Detail Video:
Kody Technolab IPO Subscription Status (Bidding Detail)
The Kody Technolab IPO on September 20, 2023 at 7:30:00 PM was subscribed 51.55 times, with the retail category being subscribed 53.56 times, the other category being subscribed 41.17 times.
| Category | Subscription |
| Other | 41.17x |
| Retail | 53.56x |
| Total | 51.55x |
Kody Technolab IPO Prospectus
| Kody Technolab IPO DRHP | Download |
| Kody Technolab IPO RHP | Download |
| Kody Technolab IPO Anchor Investors Details PDF | Download |
Kody Technolab IPO Rating
| Our Rating | 4.0/5.0 |
Kody Technolab Company Contact Information
Kody Technolab Limited
Registered Office: 2nd Floor, Block-J, Safal Monde Near Iscon Mall,
Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad,
Gujarat-380054, India.
Tel No.: +91-9377229944
Email: info@kodytechnolab.com
Website: www. kodytechnolab.com
Contact Person: Mrs. Sanchita Ojha, Company Secretary and Compliance Officer
Our Promoters: Mr. Manav Subhashchandra Patel, Mrs. Manali Krunal Patel
And Mrs. Pooja Sunny Patel
Kody Technolab IPO Registrar
Kfin Technologies Limited
Registered Office: Selenium Tower-B, Plot No. 31-32, Gachibowli, Financial District,
Nanakramguda, Serilingampally, Hyderabad, Telangana – 500 032.
Tel. No.: +91-40-6716-2222
Fax No.: +91-40-2343-1551
Email: kody.ipo@kfintech.com
Website: www.kfintech.com
Investor Grievance Email: einward.ris@kfintech.com
Contact Person: M Murali Krishna
SEBI Registration No.: INR000000221
Kody Technolab IPO Lead Manager
Beeline Capital Advisors Private Limited
Registered Office: B 1311-1314, Thirteenth Floor, Shilp Corporate Park,
Rajpath Rangoli Road, Thaltej, Ahmedabad- 380054,
Gujarat, India.
Tel. No.: +91-79-48405357, 48406357
Email: mb@beelinemb.com
Website: www.beelinemb.com
Investor Grievance Email: ig@beelinemb.com
Contact Person: Mr. Nikhil Shah
SEBI Registration No.: INM000012917
Kody Technolab IPO FAQs
What is the lot size of Kody Technolab IPO?
The total size of Kody Technolab IPO is ₹27.52 crores and this is a complete fresh Issue.
When will Kody Technolab IPO start?
Kody Technolab IPO will open from 15 September 2023 and IPO will close on 20 September 2023.
What is the open date of Kody Technolab IPO?
Kody Technolab IPO will open date from 15 September 2023.
What is the last date ( close date ) of Kody Technolab IPO?
Kody Technolab IPO will close from 20 September 2023.
What is the price band of Kody Technolab IPO?
Kody Technolab IPO price band is ₹160.
What is the minimum amount required to apply for Kody Technolab IPO?
The minimum investment for retailers to apply for Kody Technolab IPO is ₹128,000 and the maximum investment is ₹128,000.
What is going on gray market premium of Kody Technolab IPO?
View gray market premium of Kody Technolab IPO by Clicking Here
How much is the GMP of Kody Technolab IPO?
Watch Kody Technolab IPO GMP Today: Click Here
What is the allotment date of Kody Technolab IPO?
The allotment date of Kody Technolab IPO is 25 September 2023.
How to check allotment status in Kody Technolab IPO?
To check the allotment status of Kody Technolab IPO, first of all go to the registrar website by clicking here, select your bad Kody Technolab 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 Kody Technolab IPO?
The listing date of Kody Technolab IPO is 28 September 2023.
How much will be the listing gain in Kody Technolab IPO?
View listing gain of Kody Technolab IPO by Clicking Here
How much time Kody Technolab IPO is subscribed?
Total 51.55 times subscribed in Kody Technolab IPO out of which 53.56 times subscription was done in retail quota, 41.17 times subscription in other quota.
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