CapitalNumbers Infotech IPO: Check GMP, Day 1 Subscription Status, Price Band, Offer Details And More

CapitalNumbers Infotech Ltd. launched its initial public offering on Monday, Jan. 20, hoping to raise Rs 169.37 crore from the primary markets. The BSE SME issue consists a combination of fresh issuance and offer for sale of shares by the existing shareholders of the company.

Here is what interested investors should know about the offer, price band, GMP and other details.

The CapitalNumbers Infotech IPO combines a fresh issue of Rs 84.69 crore having 32.20 lakh shares and an offer-for-sale component worth Rs 84.69 crore comprising 32.20 lakh shares. CapitalNumbers Infotech IPO price band has been set at Rs 250 to Rs 263 per share, taking the total offer size value to Rs 169.37 crore at the upper limit.  

The BSE SME IPO will remain open for bidding from Jan. 20 to Jan. 22

Share allotment for the IPO is likely to be done on Thursday, Jan. 23. Successful bidders will get credit of shares to their demat accounts on Jan. 24, and refunds will be issued to the others on the same day.

Shares of CapitalNumbers Infotech are likely to be listed on BSE SME on Monday, Jan. 27.

A single lot of the IPO comprises 400 shares, taking the minimum investment amount for retail investors to Rs 1,05,200.

Qualified institutional buyers have been allocated 50% of the shares, while the retail investors portion has 35% of the total shares. The remaining 15% is reserved for non-institutional investors.

Link Intime India Pvt. is the registrar for the CapitalNumbers Infotech IPO, while GYR Capital Advisors Pvt. has been chosen as its book-running lead manager.

The IPO has been subscribed 2.42 times as of 4:10 p.m. on Monday

• Qualified Institutions: 2.8 times

• Non-Institutional Buyers: 1.5 times

• Retail Investors: 2.6 times

Subscription status will be updated at regular intervals.

CapitalNumbers Infotech IPO GMP (grey market premium) was Rs 136 apiece as of 2:31 p.m. on Jan. 20, according to InvestorGain. This projects a listing gain of 51.33%, with the shares likely to debut on BSE SME at Rs 398 apiece if the current trends are sustained.

Note: GMP or grey market price is not an official price quote for the stock and is based on speculation.

CapitalNumbers Infotech Ltd. offers digital consulting and IT engineering services to its clients, providing them with complete software development solutions. The company caters to businesses and startups globally and offers services in digital engineering, data analytics, AL/ML, cloud engineering, and more. It serves over 1,000 clients worldwide and had 250 active clients as of September 2024.

The company plans to use a portion of the IPO proceeds to advance its technology, boost spending on business development, invest in its subsidiary, and support both organic and inorganic growth. Additionally, some of the proceeds will be allocated for general corporate purposes.

CapitalNumbers Infotech Ltd. reported a revenue of Rs 51.64 crore and a net profit of Rs 13.67 crore for the period up to Sept. 30, 2024. In FY24, its revenue jumped nearly 8% year-on-year to Rs 100.38 crore from Rs 92.98 crore in FY23. The PAT (profit after tax) during this period rose 49.76% year-on-year to Rs 25.98 crore from Rs 17.35 crore in FY23.

Disclaimer: Investments in initial public offerings are subject to market risks. Please consult with financial advisors and read the red herring prospectus thoroughly before placing bids.