Canarys Automations Ltd IPO — GMP, Details & Subscription

IPO Details

Open Date

27 Sep 2023

Close Date

03 Oct 2023

Allotment

06 Oct 2023

Listing Date

11 Oct 2023

Exchange

NSE SME

Price Band

₹31

Listing Price

See chart

Allotment Status

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Price Band

₹31

Per share

Face Value

₹2 per share

Lot Size

4,000 Shares

per lot

Issue Size

1,51,72,000 shares (aggregating up to ₹47.03 Cr)

Total offering

Issue Type

Bookbuilding IPO

Min Investment

₹124,000

1 lot

Pre-IPO Holding

4,10,11,920 shares

Promoters

Post-IPO Holding

5,61,83,920 shares

Promoters

P/E (Pre)

15.82x

P/E (Post)

20.39x

EPS (Pre)

₹3.92

UPI Deadline

2023-10-03

Mandate

Anchor AllotmentTue, 26 Sep 2023

Basis of AllotmentFri, 06 Oct 2023

Refund InitiationMon, 09 Oct 2023

Demat CreditTue, 10 Oct 2023

Listing DayWed, 11 Oct 2023

UPI Mandate Deadline2023-10-03

Sale TypeFresh Capital

Net Offer to Public1,44,12,000 shares (aggregating up to ₹44.68 Cr)

Market Maker Quota7,60,000 shares (aggregating up to ₹2.36 Cr)

QIB Quota50% of Net Issue

HNI / NII Quota15% of Net Issue

Retail Quota35% of Net Issue

Check AllotmentClick here →

Subscription Rate Final

Canarys Automations Ltd IPO subscribed 1.00 times overall. Retail: 1.00x. QIB: 1.00x. NII: 1.00x. By 03 Oct 2023.

QIB

1.00x

Over

NII/HNI

1.00x

Over

Retail

1.00x

Over

Total

1.00x

Over

Category	Subscription	Shares Offered	% of Total	Amount (₹Cr)
Market Maker	Awaited	760,000	—	₹2.36
QIB	Over 1.00x	—	—	—
NII / HNI	Over 1.00x	—	—	—
Retail	Over 1.00x	—	—	—
Total	1.00x	15,172,000	100%	₹47.03

IPO Shares Offered

Canarys Automations Ltd IPO total issue size: ₹47.03 Cr.

Category	Shares Offered	Amount (₹Cr)	Size (%)
Market Maker	760,000	₹2.36	5.01%
Total	15,172,000	₹47.03	100.00%

* Based on upper price band ₹31 per share

Lot Size & Investment

Lot Size

4,000

Shares per Lot

Issue Price

₹31.00

Upper Band

Min Investment

₹124,000

1 Lot

Application	Lots	Shares	Amount
Retail (Min — 2 Lots)	2	8,000	₹248,000
Retail (Max — 13 Lots)	13	52,000	₹1,612,000
S-HNI (Min — 14 Lots)	14	56,000	₹1,736,000
B-HNI (Min — 68 Lots)	68	272,000	₹8,432,000

* Issue Price ₹31 × Lot Size 4,000 shares

IPO Schedule

Anchor

26 Sep 2023

✓ Done

IPO Open

27 Sep 2023

✓ Done

IPO Close

03 Oct 2023

✓ Done

Allotment

06 Oct 2023

✓ Done

Refunds

09 Oct 2023

✓ Done

Demat Credit

10 Oct 2023

✓ Done

Listing Day

11 Oct 2023

✓ Done

₹31.00

INR · NSE

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Issue ₹31.00 Live Price

About Canarys Automations Ltd

Incorporated in 1991, Canarys Automations Limited provides IT solutions in the space of Digitalization, Modernization, Automation, and Intelligence.The company has two business verticals: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.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.

Objects of the Issue

Funding of expenditure relating to solutions development for digital transformation and water resources management solutions

Creation of new delivery centre including infrastructure thereof and upgrading existing facilities;

Funding working capital requirements of the Company

General corporate purposes

Canarys Automations Ltd Financials (Amount in ₹ Lakhs)

Revenue from Operations

₹2,578.2

31 Mar 2021

₹5,199.9

31 Mar 2022

₹7,547.3

31 Mar 2023

Profit After Tax (PAT)

₹210.4

31 Mar 2021

₹455.8

31 Mar 2022

₹852.5

31 Mar 2023

Particulars	31 Mar 2023	31 Mar 2022	31 Mar 2021
Revenue from Operations	7547.28	5199.93	2578.22
EBITDA	N/A	N/A	N/A
Profit After Tax (PAT)	852.51	455.81	210.42
Net Worth	2537.91	1683.44	1258.17
Total Assets	6377.89	4753.57	2003.04
Reserves & Surplus	1609.87	755.40	546.90
Borrowings	1415.61	879.33	N/A
EBITDA Margin (%)	N/A	—	—
PAT Margin (%)	N/A	—	—

RoNW

31.64%

Issue Structure & Shareholding

Total Shares Offered1,51,72,000 (100.00%)

Net Offer to Public1,44,12,000 shares (aggregating up to ₹44.68 Cr)

Reserved for Market Maker7,60,000 shares (aggregating up to ₹2.36 Cr)

Pre-Issue Promoter Holding4,10,11,920 shares

Post-Issue Promoter Holding5,61,83,920 shares

P/BV RatioN/A

RoEN/A

RoCEN/A

Debt / EquityN/A

Script CodeN/A

Registrar & Lead Managers

IPO Registrar

MUFG Intime India Pvt.Ltd

+91-22-4918 6270

canarys.ipo@linkintime.co.in

https://linkintime.co.in/Initial_Offer/public-issues.html

Check Allotment

Book Running Lead Managers

Indorient Financial Services Ltd

GMP Disclaimer: Grey Market Premium data is unofficial and unregulated. It does not guarantee actual listing price.

IPO Subscription FAQs

How much Canarys Automations Ltd IPO subscribed? ▲

Canarys Automations Ltd IPO is subscribed 1.00 times by Oct 03, 2023. Retail: 1.00x. QIB: 1.00x. NII: 1.00x.

Investor Category	Subscription
Qualified Institutional (QIB)	1.00x
Non Institutional (NII/HNI)	1.00x
Retail Individual	1.00x
Total Subscription	1.00x

What is Canarys Automations Ltd IPO retail subscription status? ▼

The Canarys Automations Ltd IPO retail category is subscribed 1.00 times as of 03 Oct 2023. The retail portion is oversubscribed.

How to subscribe Canarys Automations Ltd IPO? ▼

Subscribe via your broker app using ASBA or UPI. Opens 27 Sep 2023 and closes 03 Oct 2023. Min investment: ₹124,000 (1 lot = 4,000 shares). UPI mandate: 2023-10-03.

How many times Canarys Automations Ltd IPO subscribed? ▼

The Canarys Automations Ltd IPO subscribed 1.00x overall. QIB: 1.00x, NII: 1.00x, Retail: 1.00x. Applications: from NSE/BSE.

How to check Canarys Automations Ltd IPO allotment? ▼

Check allotment on the registrar website (MUFG Intime India Pvt.Ltd) at https://linkintime.co.in/Initial_Offer/public-issues.html. Enter your PAN, application number or DP/Client ID. Allotment date: 06 Oct 2023. Refunds: on 09 Oct 2023.

When Canarys Automations Ltd IPO will be listed? ▼

The Canarys Automations Ltd IPO listing date is 11 Oct 2023, Wednesday. Listed on: NSE SME. Issue price: ₹31. Estimated listing: ₹31. GMP: NIL.

When Canarys Automations Ltd IPO close? ▼

The Canarys Automations Ltd IPO closes on 03 Oct 2023, Tuesday. UPI mandate: 2023-10-03. Allotment: 06 Oct 2023. Listing: 11 Oct 2023.

Quick Actions

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Live Price LIVE

Last Price₹31.00

Change—

Issue Price₹31.00

vs Issue—

Quick Summary

StatusListed

Issue Price₹31

Face Value₹2

Lot Size4,000 Sh

Min. Amount₹124,000

GMPNIL

Est. Listing₹31

Subscribed1.00x

Open Date27 Sep 2023

Close Date03 Oct 2023

Allotment06 Oct 2023

Listing Date11 Oct 2023

ExchangeNSE SME

UPI Deadline2023-10-03