Fidel Softech IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Nov 17, 2022Let’s have a detailed review of the company and analytics of the Fidel Softech IPO release date, IPO offer price, subscription, Fidel Softech Limited 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 37 |
| Listing At | NSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | Jun 10, 2022 |
| Offer for Sale | Rs Lakhs |
| Fresh Issue | Rs 1351 Lakhs |
| IPO Size | Rs 1351 Lakhs |
| Tick Size | 1 |
Fidel Softech IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Fidel Softech IPO – Summary
Their company was incorporated as private limited Company under the name “Fidel Softech Private Limited” under the provisions of the Companies Act, 1956 vide Certificate of Incorporation dated December 24, 2004 issued by Registrar of Companies, Pune.
Subsequently, their Company was converted into a public limited company pursuant to approval of the shareholders at an extraordinary general meeting held on April 04, 2022.
Consequently, the name of their Company was changed to “Fidel Softech Limited” and a Fresh Certificate of Incorporation consequent upon conversion from Private Company to Public Company was issued by Registrar of Companies, Pune on April 13, 2022.
The Corporate Identification Number of their Company is U72200PN2004PLC020061. Sudhakar Shankarrao Kulkarni and Ranjana Sudhakar Kulkarni were the initial subscribers to the Memorandum of Association of their Company
Fidel Softech IPO Date
The opening and the closing date of Fidel Softech IPO are May 30, 2022 and Jun 2, 2022 Respectively.
Fidel Softech IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 30th May | 2.08x | 1.07x | 1.58x |
| 2nd Day – 31st May | 2.58x | 5.97x | 4.28x |
| 3rd Day – 1st Jun | 4.75x | 16.68x | 10.72x |
| 4th Day – 2nd Jun | 138.34x | 67.44x | 102.89x |
| Shares Offered or Net Issue | 1,731,000 | 1,731,000 | 3,462,000 |
The shares subscribed by the public will be updated here.
Fidel Softech 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.
Fidel Softech Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Jun 7, 2022 |
| Refunds Initiation | Jun 8, 2022 |
| Credit of Shares to Demat Account | Jun 9, 2022 |
| Share Listing Date | Jun 10, 2022 |
Fidel Softech IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.37
Fidel Softech IPO Equity Size
This Initial Public Issue of 3,650,000 Equity Shares of Rs.10 each for cash at a price of Rs.37 per equity share aggregating to Rs.1351 Lakhs.
Fidel Softech IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,650,000 Equity Shares of Rs.10/ each.
Issue Size: 3,650,000 Equity Shares of Rs.10 each, aggregating to Rs.1351 Lakhs
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Fidel Softech IPO – Live Performance
The listing date of this IPO is Jun 10, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Fidel Softech Share Price |
Fidel Softech IPO Grey Market Premium
The Fidel Softech Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
Fidel Softech IPO – Company Overview
Their company Fidel Softech Limited is a LangTech Consulting firm offering technology services with local language UI/ UX.
The services offered by their Company includes IT services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training.
They are a LangTech Consulting firm helping their clients with either Technology-Languages- People.
They help their customers to deliver their solutions /products /services to the end users in their local languages by leveraging technology, localization solutions and Consulting.
Their Company offers Software development & Cloud infrastructure support services, localisation services; such as Translation, Interpretation, Content creation, Multi lingual data creation, transcription & Annotation for training.
Their Company offers bilingual software development capabilities & has engineers speaking in various languages working for Asian markets.
Fidel Softech IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Million) | |||
| 30-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 2,010.36 | 1,758.14 | 1,005.53 |
| Total Revenue | 2,686.78 | 2,620.61 | 2,280.41 |
| Total Expense | 2,057.70 | 2,161.59 | 1,849.89 |
| Profit After Tax | 456.50 | 345.01 | 314.75 |
Earnings per Equity Share (in Million)
| 30-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 4.52 | 3.42 | 3.12 |
Further, their PAT for the period ended on March 31, 2022, March 31, 2020, and March 31, 2020, were Rs.456.50 Lakhs, Rs.345.01 Lakhs, Rs.314.75 Lakhs respectively.
Fidel Softech IPO – Promoters
The Promoter of this company is:
- SUNIL SUDHAKAR KULKARNI
- PRACHI SUNIL KULKARNI
List of Related Parties (Key Managerial Personnel)
- Sunil Sudhakar Kulkarni, Chairman and Executive Director
- Prachi Sunil Kulkarni, Managing Director
- Shyamak Sunil Kulkarni, Non-Executive Director
- Apurva Pradeep Joshi, Independent Director
- Girish Mohan Desai, Independent Director
- Pradeep Shivshankar Dharane, Independent Director
Fidel Softech IPO – Promoters Holding
- Pre Issue Share Holding – 98.98%
- Pos Issue Share Holding – 72.72%
Fidel Softech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 36,48,000 Equity Shares aggregating up to Rs. 1,349.76 Lakhs |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,86,000 Equity Shares aggregating up to Rs.68.82 Lakhs |
| Net Issue to the Public | Up to 34,62,000 Equity Shares aggregating up to Rs.1,280.94 Lakhs |
| Of which: | |
| Retail Investors Portion | Not less than 17,31,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 17,31,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 1,01,02,560 Equity Shares |
| Equity Shares outstanding after the Issue | 1,37,50,560 Equity Shares |
Fidel Softech IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Funding working capital requirements; and
- General corporate purposes.
Fidel Softech IPO – Business Strategy
- Expand their international presence
- Increase Brand awareness.
- Increase their employee base
- Continue to Focus on Providing Customer Centric Services and Offerings.
Fidel Softech 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:
- Offering technology services with local language UI/ UX
- Clients in both domestic and international markets
- Wide Service Portfolio
- Quality assurance
- Leveraging the experience of their promoters
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 4.52 | 30.68 | 14.73 |
| 31-Mar-21 | 3.42 | 33.44 | – |
| Mar-20 | 3.12 | 45.84 | – |
Fidel Softech IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Fidel Softech Limited | 10 | 8.19 | 4.52 | 30.68 | 2,686.78 |
| Listed Peers | |||||
| NA | – | – | – | – | – |
Fidel Softech IPO Lead Managers
| Lead Managers |
| SHRENI SHARES PRIVATE LIMITED Office No. 102, 1st Floor, Sea Lord CHS, Plot No. 1/B, 1/A, Survey No. A-12, Ram Nagar, Borivali (West), Mumbai- 400 092, Maharashtra, India. Telephone: +91-22-2808 8456 E-mail: shrenishares@gmail.com Investors Grievance e-mail: info@shreni.in Contact Person: Krunal Pipalia Website: www.shreni.in SEBI Registration Number: INM000012759 |
Fidel Softech IPO Registrar to offer
| Registrar to the Offer |
| Bigshare Services Private Limited 1st Floor, Bharat Tin Works Building, Opposite Vasant Oasis, Makwana Road, Marol, Andheri (East), Mumbai – 400 059, Maharashtra, India. Tel No: 022 – 6263 8200 Email: ipo@bigshareonline.comInvestor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Babu Rapheal SEBI Registration Number: INR000001385 |
Fidel Softech IPO – Other Details
- Statutory Auditor – M/s. Kirtane & Pandit LLP
- Legal Counsel to the Company – Asha Agarwal & Associates
- Bankers to the Company – Bank of India, Kotak Mahindra Bank
Fidel Softech IPO Review by 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 |
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Fidel Softech Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Fidel Softech IPO Review FAQs
Check out various FAQs related to Fidel Softech IPO:
What is the Issue Size of Fidel Softech IPO?
The Company is making an initial public offer of 36,48,000 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 the net issue.
What is the Price band of Fidel Softech IPO?
The price band for this particular IPO ranges between Rs.37. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Fidel Softech IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on May 30, 2022, while the closing date is set at Jun 2, 2022.
What is the Fidel Softech IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Jun 7, 2022, refund initiation is on Jun 8, 2022, credit of shares is on Jun 9, 2022, and share listing date is on Jun 10, 2022.
What is the Fidel Softech IPO Listing Date?
Shares of this company shall be listed in the exchanges Jun 10, 2022. The date, when the listing would be done, is stagnant on Jun 10, 2022.
Who is the Registrar of Fidel IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Private Limited. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Fidel Softech IPO?
Here are the promoters of this IPO – SUNIL SUDHAKAR KULKARNI AND PRACHI SUNIL KULKARNI. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is GMP of Fidel 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 Fidel 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 Fidel Softech 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 2022 in Lakhs is 456.50, 2021 is 345.01, 2020 is 314.75.
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