Cogent E-Services IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 16, 2022Among the various sources of funds, an Initial Public Offering (IPO) has significantly more weightage for companies not keen to pile up debts and pay a fixed amount in the form of interest every year.
Both the forms, equity, and debt, have pros and cons. Through an IPO, a company dilutes its capital, and on the other hand, there is no such change in the case of debt.
Public offering increases the size of the company members and enhances the company’s visibility in the market. And another company preparing to break the shells and go public is Cogent E-Services.
Cogent E-Services IPO will be a fresh issue and an offer for sale, and through this Cogent E-Services IPO Review, we will understand the entire IPO and possibilities for the investors.
| Face Value | Rs 2 |
| Price Band | Not Disclosed |
| Listing At | BSE, NSE |
| Min. Order Quantity | Not Disclosed |
| Listing Date | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.150 Crore |
| IPO Size | Not Disclosed |
| Tick Size | 1 |
Cogent E-Services IPO Overview
Cogent E-Services IPO will combine a Fresh Issue of Equity Shares aggregating up to Rs. 150 crores and an Offer for Sale for up to 94,68,297 Equity Shares by the existing shareholders of the company.
As per the DRHP, the company might consider a pre-IPO placement before the filing of RHP with RoC for up to Rs. 30 crores.
If such placement is successfully executed, the IPO size will be reduced up to the extent of such pre-IPO placement.
Cogent E-Services IPO Important Dates
| Events | Date |
| IPO Opening Date | Not Disclosed |
| IPO Closing Date | Not Disclosed |
| Basis of Allotment Finalization | Not Disclosed |
| Refunds Initiation | Not Disclosed |
| Credit of Shares to Demat Account | Not Disclosed |
| Share Listing Date | Not Disclosed |
Cogent E-Services filed the preliminary papers with the regulatory authority for securities issues in February 2022. The company is expecting the approval soon.
It is preparing for the launch of IPO and flooring its shares on the stock exchange.
Cogent E-Services IPO Dates will be available through Red Herring Prospectus, which will also state other details required to apply and subscribe to the IPO.
Cogent E-Services IPO Price, Size, Share Offerings
| Face Value | Rs.2 |
| Price Band | Not Disclosed |
| Offer for Sale | Not Disclosed |
| Fresh Issue | Rs.150 Crore |
| IPO Size | Not Disclosed |
Cogent E-Services IPO Size will consist of shares offered via a fresh issue and an offer for sale. The company’s shareholders will be selling their shares and allotting them to the public.
Cogent E-Services IPO Price will be discovered in the Book Building Process. It is an effective way to arrive at a fair price for the offered equity shares.
The company and the selling shareholders will determine the price band and the minimum bid size of the IPO. The face value of the shares of Cogent E-Services is Rs. 2 each. And the shares will be listed on BSE and NSE.
Cogent E-Services IPO Grey Market Premium
| Date | GMP (Rs.) | Kostak Rate (Rs.) | Subject to Sauda (Rs.) |
| Not Disclosed | |||
Grey Market Premium, or in short GMP, is the price paid in the Grey Market for the company’s shares. The Grey Market trading is ignited after the company announces the IPO dates.
The market is unofficial and unregulated but has significance in the trading and determining of the price of the shares. Cogent E-Services IPO GMP will be available shortly after the IPO dates are declared.
Cogent E-Services IPO Subscription Status
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day | |||||
| 2nd Day | |||||
| 3rd Day | |||||
| Shares Offered or Net Issue |
Subscription commences on a pre-determined date and generally remains open for a fixed period. In this period, the company receives all the applications from prospective investors at various prices.
After the subscription period and the company has received bids, it determines the allotment basis as per the demand and subscription. Cogent E-Services IPO Subscription will be open after SEBI approves the DRHP.
Cogent E-Services IPO Allotment Status
Allotment of shares is one of the conclusive steps of an IPO. In this step, the bidders whose applications have been accepted receive the shares in their respective Demat accounts.
The shares are transferred only in the dematerialized form according to the regulations. Cogent E-Services IPO Allotment basis will be determined depending on the public’s response to the subscription.
Cogent E-Services IPO Live Performance
We will keep you all updated about the Cogent E-Services IPO Performance. You can check Cogent E-Services IPO Price anytime with your fingers from anywhere.
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Cogent E-Services – Company Review
The company was incorporated as a private company first in 2004. After that, in December 2021, it was converted to a public limited company, and subsequently, its name was changed to Cogent E-Services Limited.
The company is engaged in offering end-to-end omnichannel customer experience (“CX”) solutions.
It works as an enabler for various companies and renowned brands to effectively connect with consumers, improve response times, improve performances, and transform CX across their touchpoints and channels.
Products or Services
Cogent creates seamless customer interaction touchpoints with the help of its various solutions. It offers back-office solutions, voice and non-voice channels, digital marketing, and transformative services.
It helps businesses in various such that they can operate without any gaps and connect with their customers.
The gap between the company and its customers can become a huge hindrance to the company’s performance and the satisfaction of the customers.
Therefore, it is elemental to have an interface in between, and Cogent creates that interface.
Promoters and Holding
The Promoters of Cogent E-Services Limited are:
- Abhinav Singh
- Arunabh Singh
- Gaurav Abrol
- Pranjal Kumar
- Boomerang Technology Llp
- Tssr Technology Llp
The management of the company comprises the following:
- Abhinav Singh, in the position of Chairman and Managing Director
- Gaurav Abrol, in the position of Chief Executive Officer and Executive Director
- Pranjal Kumar, in the position of Chief of Corporate Affairs and Executive Director
- Ajay Shankar, in the position of Non-Executive Independent Director
- Deepak Singhal, in the position of Non-Executive Independent Director
- Swasti Aggarwal, in the position of Non-Executive Independent Director
- Jaspreet Singh Arora, in the position of Chief Financial Officer
- Nitin Sahni, in the position of Chief Operating Officer
- Niharika Agarwal, in the position of Company Secretary and Compliance Officer
Is Cogent E-Services good for Investment?
Cogent E-Services Limited is a solution provider for the needs of a new-age business. The company offers CX solutions that facilitate an improved end-to-end customer experience.
The solution to a problem should be improvised as per the demand of the technology and the present circumstances, and that is what Cogent does.
They are continuously striving toward creating new-age solutions. The company has customers in 10 industry verticals, including substantial segments like banking and financial services and e-commerce.
The company provides its offering through offering omnichannel solutions.
Cogent E-Services Financial Statements
| Amount (in INR & Million) | ||||
| 30-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Assets | 1,748.62 | 1,440.18 | 1,511.27 | 1,078.90 |
| Revenue | 1,809.46 | 2,751.07 | 2,484.21 | 1,597.78 |
| Expense | 1,484.59 | 2,475.30 | 2,364.51 | 1,536.21 |
| Profit After Tax | 243.09 | 201.16 | 88.95 | 46.36 |
As per the financial statements of Cogent E-Services Limited, the company is earning well and has a positive record.
The company’s total income in 2019, 2020, and 2021 were – 1,597.78 million, 2,484.21 million, and 2,751.07 million, respectively.
The company’s profits in 2019, 2020, and 2021 were – 61.57 million, 119.70 million, and 275.77 million, respectively.
In the six months of 2021 ended September 30, 2021, the total income of Cogent E-Services Limited was 1,809.46 million, and its profits stood at 324.87 million for the period.
The EPS of Cogent E-Services Limited was Rs. 7.51 as of September 30, 2021. It is improving compared to the past years with the company operations.
| Earnings per Equity Share (in Million) | ||||
| 30-Sep-21 | 31-Mar-21 | Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 7.51 | 6.22 | 2.75 | 1.43 |
Cogent E-Services IPO Review
Cogent E-Services IPO is a mix of Fresh Issue for up to Rs. 150 crores and an offer for sale for up to 94,68,297 Equity Shares. The company’s shareholders will be participating in the IPO and offloading their shares.
The selling shareholders are Abhinav Singh, Arunabh Singh, Gaurav Abrol, Pranjal Kumar, Boomerang Technology LLP, and TSSR Technology LLP.
The IPO is being proposed to make an investment towards IT assets which will expand the operations of the company and will bring new revenues in the future.
Also, the company will make investments in existing IT infrastructure. The IPO is a thriving step for the company and will erupt new growth possibilities and enhance the business.
Cogent E-Services IPO Details
Here are few more details you need to know before investing in Cogent E-Services IPO –
Cogent E-Services IPO Issue Object
Cogent E-Services has proposed diverse objectives for making the IPO offer and some of the objectives are:
- Funding investment in IT assets for expansion and existing IT infrastructure of our Company;
- Funding working capital requirements of our Company; and
- General corporate purposes.
Cogent E-Services IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- One-stop shop CX solutions provider with omnichannel capabilities providing customized solutions to our clients;
- Strong domain intelligence across industry verticals in the Indian market, enabling us to be agile in the process;
- Integration across geographies and sites reduces our time to market;
- Demonstrated financial performance; and
- Experienced management team.
Quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-21 | 6.22 | 31.09 | 20.00 |
| 31-Mar-20 | 2.75 | 19.72 | – |
| Mar-19 | 1.43 | 12.92 | – |
Cogent E-Services IPO Lead Managers
Here are the list of Lead managers –
- DAM Capital Advisors Limited
- IIFL Securities Limited
Cogent E-Services IPO Registrar to offer
Check out the details of the registrar here –
Link Intime India Private Limited
C 101, 247 Park, L.B.S. Marg
Vikhroli (West) Mumbai 400 083
Maharashtra, India
Tel: +91 22 4918 6200
E-mail: cogent.ipo@linkintime.co.in
Website: www.linkintime.co.in
Investor grievance E-mail:
cogent.ipo@linkintime.co.in
Contact Person: Shanti Gopalkrishnan
SEBI Registration No.: INR000004058
Cogent E-Services IPO – Other Details
- Statutory Auditor – Walker Chandiok & Co LLP, Chartered Accountants and A A A M & Co LLP, Chartered Accountants
- Legal Counsel to the Company – Shardul Amarchand Mangaldas & Co
- Bankers to the Company – ICICI Bank Limited, HDFC Bank Limited, Self Certified Syndicate Banks
Cogent E-Services IPO – Conclusion
Cogent E-Services Limited is a new age entity dealing with the new age requirements of businesses and brands.
They are catering to a segment with high growth in the forthcoming, and with the IPO, the company will support its operations with new and advanced technologies and advancements.
The operations of the company are growing and expanding. Therefore, it can be a good opportunity for investors to invest.
To Subscribe to Cogent E-Services IPO – Open Demat Account Now!
Cogent E-Services IPO Review FAQs
Check out the FAQs on Cogent E-Services IPO –
What is the Issue Size of Cogent E-Services IPO?
The Company is making an initial public offer of NA equity shares. They vividly portray the aspects of the issue in this article.
You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Cogent E-Services IPO?
The price band for this particular IPO ranges between Rs.NA. As far as the face value of the share is of concern, it is Rs.2 per share.
What is the Cogent E-Services IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on NA, while the closing date is set at NA.
What is the Cogent E-Services IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO.
Basis of Allotment finalization is on NA, refund initiation is on NA, credit of shares is on NA, and share listing date is on NA.
What is the Cogent E-Services IPO Listing Date?
Shares of this company shall be listed in the exchanges NA. The date, when the listing would be done, is stagnant on NA.
Who is the Registrar of Cogent E-Services IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Link Intime India Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Cogent E-Services IPO?
Here are the promoters of this IPO – ABHINAV SINGH, ARUNABH SINGH, GAURAV ABROL, PRANJAL KUMAR, BOOMERANG TECHNOLOGY LLP AND TSSR TECHNOLOGY LLP. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Cogent E-Services IPO?
They have obtained the GMP of this IPO and it is NA. Further insights of Kostak rate and subject to sauda or SS are as well included in this report.
Is Cogent E-Services IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years.
You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Cogent E-Services Company?
They have the information of company financials, and according to that, they have the figures from the last few years to provide.
PAT for the financial year 2021 in Million is 201.16, 2020 is 88.95, 2019 is 46.36. PAT from Sep 2021 is 243.09.
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