Mumbai : Kolkata-based CapitalNumbers Infotech Limited (the Company), Initial Public (IPO or Offer) opens for subscription on January 20 and closes on January 22, 2025. The company is engaged in the business of digital consulting and IT engineering offering end-to-end software development solutions to enterprises, and startups worldwide. The Company has a strong presence in the US and EU, with 80% of its revenue from this market and the balance from countries such as Canada, Germany, France, Romania, Finland, Indonesia, Ireland, Kuwait, Luxemburg, Malaysia, and more.
Offering a wide range of software solutions services to its more than 250 clients across the world, the company aligns well with its strong financials and good liquidity positions.
For its IPO, the Company has fixed the price band of ₹250 – ₹263 per Equity Share of face value ₹10 each for its IPO. Aiming to raise ₹169.37 Crore, calculated on Upper Price Band, it is the largest SME IPO from the East-India region to hit Dalal Street. Investors can bid for a minimum of 400 Equity Shares and in multiples of 400 Equity Shares thereafter.
The offer consists of a fresh issue of up to 32,20,000 equity shares and 32,20,000 equity shares Offer for Sale (OFS) – from promoter and promoter group. The offer also includes a reservation of up to 3,30,000 equity shares for subscription by market makers.
- Anchor Quota: Upto 18,32,400 Equity Shares
- QIB Quota: Upto 12,22,000 Equity Shares
- NII Quota: Upto 9,16,800 Equity Shares
- Retail Quota: Upto 21,38,800 Equity Shares
- Listing on: SME platform of BSE
The Net Proceeds from the fresh issue will be used to the extent of ₹17.82 crore for Technical Advancement of Leading-edge Technology, ₹15.00 crore for Increase in Spending on Business Developments, ₹5.00 crore for Investment in Subsidiary and balance for Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
As per the RHP filed with the stock exchange BSE, CapitalNumbers Infotech Limited is led by a seasoned management team with deep expertise in the IT industry and the Company has more than 500 IT professionals. The company`s range of services includes AL/ML, Digital Engineering, Data Analytics, Cloud Engineering, UI/UX Design, Blockchain, and AR/VR, and it is one of India`s Highest-rated development companies at the top B2B review platforms. Lastly, the company adheres to international standards and is ISO:9001, ISO:27001, and SOC 2 certified organization
The company intends to invest in acquiring new accounts and deepen key account relationships, Attract, develop and retain highly-skilled employees, strengthen existing partnerships and enter into new partnerships with Independent Software Vendors, and Selectively pursue strategic investments and expansions.
In FY 24, the company clocked a total revenue of ₹10,038.80 lakhs as against ₹6,963.23 lakhs in FY 22, reporting a CAGR of 20.07%. During the same period, the company reported a net profit of ₹2,598.88 lakhs as compared to ₹1,583.82 lakhs in FY 22, achieving a CAGR of 28.10%
GYR Capital Advisors Private Limited is the sole book running lead manager and MUFG Intime India Private Limited is the registrar to the offer. The company’s shares will be listed on SME platform of BSE.