AAA Technologies IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Last Updated Date: Sep 01, 2023

Let’s have a detailed review of the company and analytics of the AAA Technologies Limited IPO release date, IPO offer price, subscription, AAA Technologies IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.

Face Value	Rs 10
Price Band	Rs 42
Listing At	NSE SME
Min. Order Quantity	3000
Listing Date	Oct 13, 2020
IPO Size	Rs 1023.12 Lakhs
Tick Size	NA

AAA Technologies IPO is listed at Rs.32 premium. Check out the live share price by clicking on the below link.

AAA Technologies Share Price – Live Performance

AAA Technologies IPO Summary

AAA Technologies IPO

They are an Information Technology and Information Security Auditing & Consulting Company offering a platform that enables organizations to identify the issues of corporate governance of the information system in computerized environment and execute security controls to safeguard information and information system.

The Promoters of this company are MR. ANJAY RATANLAL AGARWAL, MR. VENUGOPAL MADANLAL DHOOT AND MRS. RUCHI ANJAY AGARWAL. The lead manager to the issue is CHARTERED FINANCE MANAGEMENT LIMITED. The Registrar to this issue is LINK INTIME INDIA PRIVATE LIMITED.

AAA Technologies IPO Dates / Launch Date

The opening and the closing date of AAA Technologies IPO is Sep 30, 2020, and Oct 5, 2020.

AAA Technologies IPO Subscription

Day / Date	NII	RII	Total Subscription
1st Day – Sep 30	0.93x	0.17x	0.55x
2nd Day – Oct 1	0.94x	0.37x	0.65x
3rd Day – Oct 2
4th Day – Oct 3
5th Day – Oct 4
6th Day – Oct 5
Shares Offered or Net Issue

The shares subscribed by the public will be updated here.

AAA Technologies IPO Allotment Status

Here, you can find the Allotment Status of this IPO. Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment status is not yet disclosed.

AAA Technologies IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization	Oct 8, 2020
Refunds Initiation	Oct 9, 2020
Credit of Shares to Demat Account	Oct 12, 2020
Share Listing Date	Oct 13, 2020

AAA Technologies IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.42.

AAA Technologies IPO Size

This Initial Public Issue of 24,36,000 Equity Shares of Rs.10 each for cash at a price of Rs.42 per equity share aggregating to Rs.1023.12 lakh

AAA Technologies IPO Share Offering

Public Issue: Initial public offering of 24,36,000 Equity Shares by their Company of Rs.10 each at a price of Rs.42 per equity share aggregating to Rs.1023.12 Lakhs,

Net Offer: The Net Offer of up to 23,13,000 Equity Shares of Rs.10 each at price of Rs.42 per Equity Shares aggregating to Rs.971.46 lakhs

AAA Technologies IPO – Live Performance

The listing date of this IPO is Oct 13, 2020. You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – AAA Technologies Share Price

AAA Technologies IPO Grey Market Premium

The AAA Technologies IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.

AAA Technologies IPO – Company Overview

Their Company offers IT audit services like Information System Audit, Cyber Security, IT Assurance & Compliance, Information Security and IT Governance to BFSI, Government, Regulatory Agencies and Public and Private Sector Organizations.

Their Company has kept its focus on Information Security Auditing & Consulting keeping in view the vast scope of work in the existing and the untapped areas. As a result, their Company has been able to build its resources capable of auditing operating systems, networking, IDS, web application, ERP, ATM, core banking, forensic, websites, computer crime investigations etc.

CERT-In is the national nodal agency for cyber security in India as per Sec 70B of Information Technology Act, 2008. Their Company is also empanelled with government bodies, PSU`s and banks to directly procure business from them,

AAA Technologies – Successful Ventures

Over the years their Company has successfully completed audits of Companies/ Institutions across various industries like

banking, insurance, Financial Institutions, NBFCs, Regulatory Bodies, Government, Municipalities and Panchayats, Payment Gateways, Stock Brokers,
Education, Travel and Transport, Hospitality, Manufacturing and Engineering, Infrastructure,
Healthcare, Information Technology, IT Enabled Services (ITeS), Ports, Power,
Trading Corporations, Entertainment, E–Tendering,
Defense and refineries which has enabled the Company become sector-agnostic and which is consequently it has no dependency on any single industry for procuring business.

AAA Technologies IPO – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
	31-Mar-20	Mar-19	31-Mar-18
Total Assets	1,420.38	942.83	1,002.56
Total Revenue	1,424.74	1,047.49	1,040.00
Total Expense	931.17	761.43	902.37
Profit After Tax	369.80	206.02	99.97

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
	Mar-20	31-Mar-19	31-Mar-18
Basic & Diluted	6.29	3.50	1.70

From FY 2017-18 to FY 2019-2020, as per the Restated Financial Statements

The company, which last month had made a world record by creating a million case-brand with a premium brand labelled ‘Sterling Reserve’ in flat 261 days.
And is also in talks with private equity players to offload a part of its equity to raise about Rs 600 crore before the IPO.

AAA Technologies IPO – Promoters

The Promoters of this company are:

MR. ANJAY RATANLAL AGARWAL,
MR. VENUGOPAL MADANLAL DHOOT,
MRS. RUCHI ANJAY AGARWAL

List of Related Parties (Key Managerial Personnel)

Anjay Ratanlal Agarwal, Chairman and Managing Director
Mr. Venugopal M Dhoot, Chief Financial Officer
Mr. Sagar Shah, Company Secretary and Compliance Officer

AAA Technologies IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Up to 24,36,000 Equity Shares, aggregating up to Rs.1023.12 lakhs
Of which:
Issue Reserved for the Market Maker	Up to 1,23,000 Equity Shares, aggregating up to Rs.51.66 lakhs
	Up to 23,13,000 Equity Shares, aggregating up to Rs.971.46 lakhs
Of which:
Net Issue to the Public	Up to 11,58,000 Equity Shares, aggregating up to Rs.2 lakhs
	Up to 11,55,000 Equity Shares, aggregating up to Rs.2 lakhs
Equity Shares outstanding prior to the Issue	61,15,200 Equity Shares
Equity Shares outstanding after the Issue	Up to 85,51,200 Equity Shares

AAA Technologies IPO Issue Object

The Objects of the Issue is to raise funds for:

(a) Expansion and development of business operations across various cities in India
(b) Working Capital Requirements and Security Deposit towards Bank Guarantees/LC
(c) Issue-related expenses

AAA Technologies Limited: Competitive Strength

Quality of Services
Diversified services across several industries
Low dependency on Debt and Controlled Overheads
Profitable track record, strong balance sheet and stable cash flows
Well-educated Experienced Promoters and Key Managerial Persons
Long-term relationships

AAA Technologies Limited: Business strategies

Better working capital management
Expansion of their Service Portfolio
Strengthen the brand name
Minimize concentration risk by diversifying the portfolio of services and expanding their customer base
Continue to attract and retain talented employees and ensure a low attrition rate among senior management

AAA Technologies IPO – Basis of the Offer Price

The Offer Price has been determined by their Company and the Selling Shareholder in consultation with the Lead Managers on the basis of the key business strengths.

Qualitative factors are:

Highly qualified technocrat Promoter
Highly experienced and professional management team
Long Business Experience and Established Network
Asset Light Model
Profitable track record, strong balance sheet and stable cash flows
Modern and scalable technology infrastructure
Huge business demand and scalability
Strong barriers to entry in this business segment

AAA Technologies IPO – Quantitative Factors

	Basic & Diluted EPS (Pre-Bonus)	RONW in %	NAV (Rs.)
31-Mar-18	17.85	20.61	–
31-Mar-19	36.79	30.72	–
*31-Mar-20	66.04	36.24	182.19

Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each

Particulars	P/E ratio
Highest	–
Average	–
Lowest	–

AAA Technologies Limited: Competitive Peers

There are no listed companies in India that engage in a business similar to that of their Company.

AAA Technologies IPO Lead Managers

Lead Managers

CHARTERED FINANCE MANAGEMENT LIMITED
2nd Floor, Wakefield House, Sprott Road, Ballard Estate,
Mumbai – 400038 Maharashtra, India
Tel. No.: +91 22 22696944 / 22675708; Fax No.: +91 22 22624943
Email: aaatech.ipo@cfml.in
Website: www.charteredfinance.in
Investor Grievance Email: ipo@cfml.in
Contact Person: Mr. R. Ramnath
SEBI Registration No.: INM000012052

AAA Technologies IPO Registrar to Offer

Registrar to the Offer

LINK INTIME INDIA PRIVATE LIMITED
C -101, 1st Floor, 247 Park, Lal Bahadur Shastri Marg,
Vikhroli (West), Mumbai – 400 083, Maharashtra, India
Tel: +91 22 4918 6200; Fax: +91 22 4918 6195
Email: aaa.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor Grievance Email: aaa.ipo@linkintime.co.in
Contact Person: Ms. Shanti Gopalkrishnan
SEBI Registration No.: INR000004058

AAA Technologies IPO – Other Details

Statutory Auditor – M/s. Vandana V Dodhia & Co.
Legal Counsel to the Company – DESAI & DIWANJI Advocates & Solicitors
Bankers to the Company – Kotak Mahindra Bank Limited, State Bank of India, HDFC Bank Limited.

List of Upcoming IPOs

AAA Technologies IPO Review by Top 10 Stock Brokers

Top Stock Brokers Review	Company Reputation	Competitive Edge	Financial Statement	Popularity Index	Promoters Reputation
Angel Broking	7.5/10	7.4/10	8.5/10	8.1/10	7.1/10
Sharekhan	7.2/10	7.1/10	8.6/10	8.1/10	7.2/10
Kotak Securities	7.3/10	7.5/10	8.4/10	8.1/10	7.3/10
ICICI Direct	7.3/10	7.3/10	8.7/10	8.1/10	7.1/10
IIFL	7.5/10	7.2/10	8.8/10	8.0/10	7.1/10
Edelweiss	7.5/10	7.4/10	8.4/10	8.3/10	7.2/10
Zerodha	7.4/10	7.1/10	8.5/10	8.1/10	7.0/10
5Paisa	7.1/10	7.1/10	8.4/10	8.1/10	7.1/10
Karvy	7.4/10	7.3/10	8.2/10	8.1/10	7.1/10
Motilal Oswal	7.1/10	7.1/10	8.6/10	8.3/10	7.2/10