Kody Technolab Limited

Offer PeriodSep 15, 2023 – Sep 20, 2023

NSE - SMEListed

Listed Price

₹170.00

+6.25%

Price Band₹160 - ₹160

Lot Size800 Shares

Allotment DateSep 23, 2023

Listing DateSep 27, 2023

Subscription47.41 Times

Issue Size₹27.52 Cr

Check Allotment

Share IPO Trend

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹25
(15.63%)

Premium (ELP)

Kody Technolab Limited's successfully completed its Initial Public Offering and commenced trading on Sep 27, 2023 at the NSE exchange. The company raised 17,20,000 Shares through this public offering, comprising 17,20,000 Shares in fresh capital.

The IPO was priced within the band of ₹160 to ₹160, with minimum application lots of 800 shares. The offering attracted significant investor interest during its subscription period from Sep 15, 2023 to Sep 20, 2023.

Share allotment was finalized on Sep 23, 2023, distributing equity to successful applicants. The stock's subsequent listing marked a significant milestone in the company's corporate history, providing public market liquidity to shareholders.

Kody Technolab IPO Details

IPO Date

Sep 15, 2023 to Sep 20, 2023

Allotment Date

Sep 23, 2023

List Date

Sep 27, 2023

Lot Size

800 share

Issue Price

₹160 - ₹160

Issue Size

17,20,000 (aggregating up to 27.52 Cr)

Fresh Issue

17,20,000 (aggregating up to 27.52 Cr)

Offer For Sale

Listing At

NSE

Share Holding Pre-Issue

46,53,780

Share Holding Post-Issue

63,73,780

Market Marker Portion

86,400

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.

Category	Lot(s)	Qty	Amount

Category	Lot(s)	Qty	Amount
Retail (Min)	1	800	1,28,000
HNI	2	1600	2,56,000

IPO Reservation

Shares17,20,000

Retail

47.49%(8,16,800)

NII(HNI)

47.49%(8,16,800)

Market Maker

5.02%(86,400)

Total

100.00%(17,20,000)

Kody Technolab IPO Key Performance Indicators

KPI	Values

KPI	Values
EPS	7.06
ROE	176.59
ROCE	97.37
RONW	67.77
PRE IPO(PE)	22.66
POST IPO(PE)	32.06

Company Financials (In Lakhs)

Period Ended	Mar 2021	Mar 2022	Mar 2023

Period Ended	Mar 2021	Mar 2022	Mar 2023
Assets	115.14	238.04	1,452.55
Revenue	248.16	384.20	1,109.10
Net Worth	-171.16	-109.03	469.35
profit After Tax	-10.80	62.13	318.09
Reserves And Surpluse	-172.16	-110.03	123.99
Total Borrowing	150.39	161.47	746.79

Kody Technolab IPO About Company

Kody Technolab Limited, incorporated in 2017, provides software development and IT services across industries, including Staff Augmentation, ML and AR Development, Enterprise Mobility, CX Strategy, Digital Transformation, Business Analytics, AI & Robotics, IoT services, and Mobile & Web App Development. As of June 2023, the company has over 106 employees, including developers, designers, project managers, and QA specialists. For the year ended March 31, 2023, Kody Technolab reported an income of Rs. 1,109.10 Lakhs and a profit after tax of Rs. 318.09 Lakhs, compared to Rs. 384.20 Lakhs income and Rs. 62.13 Lakhs profit in FY22, and Rs. 248.16 Lakhs income with a Rs. (10.80) Lakhs loss in FY21.

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

✅Kody Technolab IPO Strength Factors

⚠️Kody Technolab IPO Risk Factors

🏦Kody Technolab IPO Lead Manager(s)

Beeline Capital Advisors Private Limited

👤Kody Technolab IPO Promoter(s)

Mr. Manav Subhashchandra Patel
Mrs. Manali Krunal Patel
Mrs. Pooja Sunny Patel

🏢Kody Technolab IPO Company Details

Kody Technolab Limited

Email:info@kodytechnolab.com

Phone:+91-9377229944

Website:https://kodytechnolab.com/

address:2nd Floor, Block-J, Safal Monde Near Iscon Mall, Near Rajpathclub, S.G Highway, Bodakdev, Ahmedabad - 380054

📋Kody Technolab IPO Registrar

Kfin Technologies Limited

Name:Kfin Technologies Limited

Phone:04067162222

Email:kody.ipo@kfintech.com

Website:https://kosmic.kfintech.com/ipostatus/

❓Kody Technolab IPO FAQs

Kody Technolab IPO is a main-board IPO of 17,20,000 equity shares of the face value of ₹10 per share aggregating up to ₹0.00 crore shares. The issue is priced at ₹160 - ₹160 per share. The minimum order quantity is .The IPO opens on Sep 15, 2023, and closes on Sep 20, 2023. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE.

Zerodha customers can apply online in Kody Technolab IPO using UPI as a payment gateway. Zerodha customers can apply in Kody Technolab IPO by login into Zerodha Console (back office) and submitting an IPO application form. Steps to apply in Kody Technolab IPO through Zerodha (1) Visit the Zerodha website and login to Console. (2) Go to Portfolio and click the IPOs link. (3) Go to the 'Kody Technolab IPO' row and click the 'Bid' button. (4) Enter your UPI ID, Quantity, and Price. (5) Submit IPO application form. (6) Visit the UPI App (net banking or BHIM) to approve the mandate. Visit Zerodha IPO Application Process Review for more detail.

The Kody Technolab IPO opens on Sep 15, 2023 and closes on Sep 20, 2023.

You can apply in Kody Technolab IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.

The finalization of Basis of Allotment for Kody Technolab IPO will be done on Sep 23, 2023, and the allotted shares will be credited to your demat account by Sep 23, 2023

Kody Technolab IPO's listing date is Sep 27, 2023.

Kody Technolab Limited

IPO Details

Subscription

Lot Distribution

Reservation

Company Fin.

₹25(15.63%)

Premium (ELP)

₹25
(15.63%)