Kody Technolab Limited IPO : Key Information

Kody Technolab Limited IPO is set to launch on 15 September, 2023. The company initiated its business operations in the year 2017. It is an I.T. company. The firm is a software developer for multiple business segments. Its products are Stagg Augmentation, AR development and implementation, ML Development, CX Strategy and Design, Enterprise Mobility, Business Analytics and intelligence, Digital transformation, Mobile and Web Development, AI Robotics IT Consulting, etc. The firm has more than 100 employees.

Kody Technolab Limited IPO DETAILS

Kody Technolab Limited IPO is set to launch on 15 September, 2023. The subscription timeline extends till 20 September, 2023. The size for the IPO is 27.52 Crore Rs. Shares issued through fresh issue mode are worth 27.52 Crore Rs. No shares are issued through offer for sale mode. The lot size is 800 shares and the price is 160 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Fixed Price issue. The registrar for the company is KFin technologies Limited.

Tabular Description of Kody Technolab Limited IPO

IPO OPENING DATE	15 September, 2023
CLOSING DATE FOR IPO	20 September, 2023
ISSUE TYPE	Fixed price Issue
Face Value per share	10 Rs. per share
IPO price band	160 Rs per share
LOT SIZE	800 shares
MINIMUM ORDER QUANTITY	800 shares
ISSUE SIZE	27.52 Crore Rs.
OFFER FOR SALE	No shares are issued through offer for sale mode
FRESH ISSUE	27.52 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	28 September, 2023

Kody Technolab Limited IPO : IMPORTANT DATES

IPO OPENING DATE	15 September, 2023
CLOSING DATE FOR IPO	20 September, 2023
IPO ALLOTMENT DATE	25 September, 2023
REFUNDS	26 September, 2023
DEMAT A/C CREDITED ON	27 September, 2023
IPO LISTING DATE	28 September, 2023

Kody Technolab Limited IPO begins for subscription from 15 September, 2023. The IPO subscription would continue till 20 September, 2023. The allotment status for the shareholders who applied would come on 25 September, 2023. The refunds for the ones who did not get allotment would be initiated on 26 September, 2023. The DEMAT accounts of shareholders would be credited on 27 September, 2023. The listing of the company would be completed on 28 September 2023.

Kody Technolab Limited IPO : Lead Managers

The lead managers are :

• Beeline Capital Advisors Private Limited

The minimum lot size for the company is decided at 800 shares. This holding accounts to 128000 Rs.. The maximum lot size is decided at 1600 shares (HNI). This amounts to 256000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	800 shares	128000 Rs.
Maximum	1600 shares	256000 Rs.

OBJECTIVES FOR THE IPO

• IPO proceeds would be used for general corporate purposes.
• The company will use the IPO money for further working capital requirements.
• The funds will also be used for expansion purposes.
• Money will also be utilised for repayment of borrowings.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2020-21	2021-22	2022-23
ASSETS	115	238	1452
Revenue	248	384	1109
PAT	(-10.8)	62	318

Kody Technolab Limited had an asset base of 115 Lakh Rs in the year 2021. This increased to 238 lakh Rs in the year 2022 and 1452 Lakh Rs in the year 2023. The revenue of the firm has also been increasing in lines with the assets, The revenue was 248 Lakh Rs in the year 2021. This jumped to 348 Lakh Rs in 2022. However the revenue almost increased by 3 times to 1109 Lakh Rs in 2023 in comparison to the 2022 figure. The company was in loss of 10 Lakh rs in the year 2021. In the year 2022 profit of 62 Lakh Rs was recorded. Similarly with increased revenue the profit of the firm also increased to 318 Lakh Rs in the year 2023.

PROS

• The firm is a software developer for multiple business segments. Its products are Stagg Augmentation, AR development and implementation, ML Development, CX Strategy and Design, Enterprise Mobility, Business Analytics and intelligence, Digital transformation, Mobile and Web Development, AI Robotics IT Consulting, etc.
• The firm has more than 100 employees.

CONS

• The company works in a highly competitive segment.

Kody Technolab Limited IPO Application Process with Zerodha

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

1. Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
2. Click the Kody Technolab Limited IPO button and press the BID button.
3. Entering the details asked for like UPI ID, Quantity and price.
4. Submit the application form for the IPO.
5. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.