IPO

Canarys Automations Limited IPO

NSE SME

Listed On: Oct 11, 2023 at ₹ 43.45

₹ 124000 /4000 Shares

Check Allotment

Canarys Automations Limited IPO Details

27 Sep, 2023

Open Date

03 Oct, 2023

Close Date

06 Oct, 2023

Allotment Date

11 Oct, 2023

Listing Date

Issue Price

₹29-31 per equity share

Face Value

₹10 Per Equity Share

Listing at Group

NSE SME

Registrar

Link Intime India Private Ltd

List Price

43.45

Listing Date

2023-10-11

Market Lot

4000 Shares (₹124,000/-)

Lead Manager

Indorient Financial Services Ltd

Issue Size

15,172,000 shares(aggregating up to ₹47.03 Cr)

Retail Portion

35%

Subscription

9.55 times

IPO Docs

RHP

Canarys Automations Limited IPO Subscription Details

As onQIB / NIIRetailTotal
Day 1 - 27-09-23 05:00 PM0.00/0.38 x0.43 x0.30 x
Day 2 - 28-09-23 05:00 PM0.00/0.18 x0.85 x0.45 x
Day 3 - 29-09-23 05:00 PM0.00/0.59 x1.89 x1.05 x
Day 4 - 03-10-23 05:00 PM1.98/18.42 x11.70 x9.55 x

Canarys Automations Limited Valuations

Earnings Per Share (EPS)

₹4.29/-

P/E Ratio

N/A

RoNW

31.64%

Net Asset Value (NAV) - Post Issue

₹N/A/-

Canarys Automations Limited Company Financials All values are in ₹ Lakh

31-Mar-2331-Mar-2231-Mar-21
Assets6,377.894,753.572,003.04
Revenue7,547.285,199.932,578.22
Profit After Tax852.51455.81210.42

About The Company

Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.

The company has two business verticals:
1. Technology solutions: This includes a multiple array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. Technology expertise includes 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 to modernize irrigation water conservation and improve water use efficiency, Turnkey flood risk assessment and mitigation, cloud-based water utilization process automation for water sharing in rivers and canals, and SCADA gate control systems.

Canarys Automations' solutions span across various industry sectors, including BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more.

The company has provided business applications to over 1000 customers. Besides India, the company has serviced customers from more than 10 countries. These include USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Srilanka and Indonesia. These customers come from diverse industries.

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Canarys Automations Limited - Promoter(s)

Pre Issue Share Holding: 77.49%

Post Issue Share Holding: %

Company Promoter(s)

  1. 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 Limited IPO - Issue Objectives

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

Canarys Automations Limited IPO - FAQs

Ans. Canarys Automations Limited IPO is a SME IPO. The issue is priced at ₹29-31 per equity share. The minimum order quantity is 4000 Shares. The IPO opens on Sep 27, 2023, and closes on Oct 3, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.

Ans. The Canarys Automations Limited IPO opens on Sep 27, 2023 and closes on Oct 3, 2023.

Ans. The size of Canarys Automations Limited IPO is 15,172,000 shares(aggregating up to ₹47.03 Cr).

Ans. The IPO price band is set between ₹29-31 per equity share.

Ans. To apply for Canarys Automations Limited IPO IPO, follow the steps given below:

  • - Open the IPO Ji App or Website
  • - Find Canarys Automations Limited IPO in the List of IPOs
  • - Press "Apply" Button
  • - Select Your Demat Account
  • - Select Your Shares Quantity and Submit
  • - Track Your IPO Status

Ans. The share allotment date of Canarys Automations Limited IPO is Oct 6, 2023.

Ans. The Canarys Automations Limited IPO will be listed on Oct 11, 2023.

Ans. Follow the steps to check the allotment status for Canarys Automations Limited IPO here.