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

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 ValueRs 10
Price BandRs 42
Listing AtNSE SME
Min. Order Quantity3000
Listing Date Oct 13, 2020
IPO SizeRs 1023.12 Lakhs
Tick SizeNA

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 / DateNIIRIITotal Subscription
1st Day – Sep 300.93x0.17x0.55x
2nd Day – Oct 10.94x0.37x0.65x
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 FinalizationOct 8, 2020
Refunds InitiationOct 9, 2020
Credit of Shares to Demat AccountOct 12, 2020
Share Listing DateOct 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-20Mar-1931-Mar-18
Total Assets1,420.38942.831,002.56
Total Revenue1,424.741,047.491,040.00
Total Expense931.17761.43902.37
Profit After Tax369.80206.0299.97

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
Mar-2031-Mar-1931-Mar-18
Basic & Diluted6.293.501.70

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 OfferedUp to 24,36,000 Equity Shares, aggregating up to Rs.1023.12 lakhs
 Of which:
Issue Reserved for the Market MakerUp 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 PublicUp 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 Issue61,15,200 Equity Shares
 Equity Shares outstanding after the IssueUp 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-1817.8520.61
31-Mar-1936.7930.72
*31-Mar-2066.0436.24182.19
  • Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.[●] per each
ParticularsP/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.


AAA Technologies IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

 


Subscribe to AAA Technologies IPO

Fill the Details Below
  1. Subscribe to IPOOpen Demat Account


AAA Technologies IPO News

News 1AAA Technologies IPO  [Download Prospectus]


Market Guide

What is IPO?
IPO Investment
Upcoming IPOs
 IPO Valuation

Featured Topics

Best Discount Broker in India
Top 10 Sub Broker Partner in India
Best Stock Broker in India
Sub Broker Franchise
Best Demat Account
Brokerage Calculator
Best Full Service Broker in India
Broking Franchisee
 Best Intraday Trading Brokers in India

Leave a Reply

Your email address will not be published. Required fields are marked *

Get 90% Discount on Brokerage Now! Open Demat Account
×

Share your details & Become Sub Broker Now!

  1. Become Sub Broker

Offer valid for limited time.

×

Share your details & Open Demat A/C Now!

  1. Open Demat Account

Offer valid for limited time.

×

Share your details & Get IPO Allotment Now!

  1. Invest in IPO

Offer valid for limited time.

×

Share your details & Invest in PMS Now!

  1. Invest in PMS / PCG

Offer valid for limited time.