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Canarys Automations Limited IPO

Canarys Automations Limited IPO

IPO Date :
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Allotment Date :
Listing Date :
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Listed Price: ₹ 43.45 (+40.16%)

Following its successful public offering, Canarys Automations Limited's made its market debut on 11-10-2023 and is now actively traded on the NSEplatform. The IPO mobilized 1,51,72,000 Shares in total capital, including 1,51,72,000 Shares in primary equity infusion.

The offering was structured with a price band of ₹29 to ₹31 and minimum investment lots of 4000 shares. Investor participation during the subscription window from 27-09-2023 to 03-10-2023 demonstrated market confidence in the company's prospects.

The allotment process concluded on 06-10-2023, allocating shares to successful bidders. The listing represents the culmination of the IPO process, transitioning the company to publicly traded status with enhanced transparency and governance standards.

Canarys Automations IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Canarys Automations IPO Key Performance Indicator
Company Financials ( In Lakhs )

Canarys Automations IPO About Company

Incorporated in 1991, Canarys Automations Limited is a technology solutions provider specializing in Digitalization, Modernization, Automation, Cloudification and Intelligence. The company operates through two main verticals — Technology Solutions that cover DevOps consulting (Azure, GitHub, Atlassian, GitLab etc.), Cloud Consulting (AWS, Azure, GCP), SAP & MS Dynamics 365, RPA, Digital Applications and Mobility Solutions, and Water Resource Management Solutions that offer irrigation modernization, flood risk mitigation, cloud-based river/canal water sharing automation and SCADA gate control systems. Canarys serves industries like BFSI, Retail, Healthcare, Pharma, Manufacturing, Insurance and more, and has delivered business applications to over 1,000 customers across India and 10+ countries including USA, UK, Canada, Germany, Singapore, Malaysia, Brunei, Australia, Sri Lanka and Indonesia.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Canarys Automations IPO Strength Factors

NA


Canarys Automations IPO Risk Factors

NA


Canarys Automations IPO Lead Manager(s)

  • Indorient Financial Services Limited

Canarys Automations IPO Promoter(s)

  1. Mr. Metikurke Ramaswamy Raman Subbarao
  2. Mr. Danavadi Krishnamurthy Arun
  3. Mr. Raghu Chandrashekhariah
  4. Mr. Sheshadri Yedavanahalli Srinivas
  5. Mr. Pushparaj Shetty
  6. Mr. Nagaraju Vineeth



Canarys Automations IPO Company Details

Canarys Automations Limited
Phone:
address:

Canarys Automations IPO Registrar

Link Intime India Private Limited
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Phone:

Canarys Automations IPO FAQs