Ideal Systems Limited IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 17, 2022Ideal Systems Limited is provider of complete IT Solutions and believe that they are a modest IT related service provider based in India offering a wide range of Software services focused on Customer satisfaction. Ideal Systems Limited IPO comprises of 76,26,000 Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Ideal Systems Limited IPO release date, IPO offer price, subscription, Ideal Systems Limited IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
Ideal Systems Limited IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 8.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 8.1/10 |
| Star Ratings | ★★★★☆ |
Summary of Ideal Systems Limited IPO
Ideal Systems Limited are provider of complete IT Solutions and believe that they are a modest I.T. related service provider based in India offering a wide range of Software services focused on Customer satisfaction. They offer the knowledge engine that powers main range of software which is also capable of powering e-commerce web site solutions, providing data-driven web sites that use the same business rules as main systems .The Issue comprises of a Public Issue of 76,26,000 Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2014-15 to FY 2016-2017, as per the Restated Financial Statements,
From fiscal 2016 to 2017, company’s revenue from operations increased at a growth rate of 21.9% respectively.
For the period ended March 31, 2018, FY 2016-17 and FY 2015-16, its revenue from operations was Rs. 3,338.52 Lakhs, Rs. 3,826.38 Lakhs and Rs. 3,137.77 Lakhs, respectively representing growth of 21.9% from the FY 2015-16 to FY 2016-17. For the period ended March 31, 2018, FY 2016-17 and FY 2015-16 our net profit was Rs. 137.24 Lakhs, Rs. 76.24 Lakhs and Rs. 124.29 Lakhs, respectively .
- During the financial year 2017-18 the Other Income of the company decreased to Rs. 75.78 Lakhs as against Rs. 103.94 Lakhs for the financial year 2016-17 .
- Company’s Net Profit after tax for the year 2016-17 is Rs. 92.47 Lakhs from the year 2015-16 of Rs. 41.80 Lakhs showing an increase of 121.2% from last year, showing remarkable performance.
The Promoter of this company is Asya Infosoft Limited and Mr. Ketan Nalinkant Shah. The lead manager to the issue is Finshore Management Services Limited and the Registrar to this issue is Aarthi Consultants Private Limited .
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Ideal Systems Limited IPO Date
The opening and the closing date of Ideal Systems Limited IPO is not known yet.
Ideal Systems Limited IPO Subscription
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| Shares Offered or Net Issue |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
Ideal Systems Limited IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Ideal Systems Limited IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
Ideal Systems Limited IPO Equity Share Offering
76,26,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .
Ideal Systems Limited – Company Overview
Ideal Systems Limited are provider of complete IT Solutions and believe that they are a modest I.T. related service provider based in India offering a wide range of Software services focused on Customer satisfaction. They offer the knowledge engine that powers main range of software which is also capable of powering e-commerce web site solutions, providing data-driven web sites that use the same business rules as main systems specialize in providing pioneering mega ‘e-Governance’ Projects of Govt. of India, Govt. of Gujarat, Govt. of Rajasthan, Govt. of U.P along with USA, Belgium.
They provide services software migration, multimedia design & development, application development & maintenance, web designing, digitization of engineering drawings, and search engine optimization.They also offer strategy and technology implementation services to companies wanting to optimize or re-engineer their existing business using N-tier architecture and latest technological tools for software development, web designing and web development for the global image building for your company with multimedia animation.
The Company is promoted by Asya Infosoft Limited and Mr. Ketan Nalinkant Shah and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Ideal Systems Limited :
- Rich experience of Promoters and senior management team
- Brand value
- Wide Product Range
- Focus on Quality Standards
Business strategies of Ideal Systems Limited :
- Leveraging existing client relationship to grow business from existing, repeat and new clients
- Increasing geographical presence
- Focus on New Service offerings enabled through Innovation and Use of portals
- Optimal Utilization of Resources
Ideal Systems Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 5,008.95 | 3,333.30 | 3,155.32 |
| Total Revenue | 3,414.30 | 3,930.32 | 3,183.20 |
| Total Expense | 3,277.06 | 3,854.08 | 3,058.91 |
| Profit After Tax | 92.47 | 41.80 | 72.09 |
Earnings per Equity Share (in Lakhs)
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | 0.67 | 0.30 | 0.53 |
From the above statements, one could find that the Ideal Systems Limited may perform well.
Ideal Systems Limited IPO – Promoters
The Promoter of this company are:
- Asya Infosoft Limited
- Mr. Ketan Nalinkant Shah
List of Related Parties (Key Managerial Personnel)
- Mr. Ketan Shah, Chairman, Managing Director and CEO
- Mr. Jimit Shah, CFO and Director
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
Property Interest
The promoters along with the promoter group will continue to hold collectively some percentage of the equity share capital of the company. As a result of the same, they will be able to exercise significant influence over the control of the outcome of the matter that requires approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Ideal Systems Limited IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Upto 76,26,000 Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. 20.00 each Equity Share aggregating to Rs.1525.20 Lakh. |
| Of which: | |
| Reserved for Market Makers | Upto 3,84,000 Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. 20.00 each Equity Share aggregating to Rs. 76.80 Lakh. |
| Net Issue to the Public | Net Issue to the Public Upto 72,42,000 Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. 20.00 each Equity Share aggregating to Rs. 1448.40 Lakh. |
| Of which: | |
| Retail Investors Portion | 36,24,000 Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. 20.00 each Equity Share aggregating to Rs. 724.80 Lakh. |
| Non-Retail Investors Portion | 36,18,000 Equity Shares of Rs.10 each fully paid-up of our Company for cash at a price of Rs. 20.00 each Equity Share aggregating to Rs. 723.60 Lakh. |
| Equity Shares outstanding prior to the Issue | 1,41,67,920 Equity Shares of Rs.10 each |
| Equity Shares outstanding after the Issue | 2,17,93,920 Equity Shares of Rs.10 each |
Ideal Systems Limited IPO Issue Object
These are the IPO Issue Objects of the company-
- To Meet working capital requirement;
- To meet the Issue Expenses;
- To meet General corporate purpose
Ideal Systems Limited IPO – Basis of the 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:
- Rich experience of Promoters and senior management team
- Brand value
- Wide Product Range
- Focus on Quality Standards
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) Pre Bonus | NAV(RS) Post Bonus | |
| 31-Mar-16 | 0.53 | 3.62 | 84.42 | 14.61 |
| 31-Mar-17 | 0.30 | 1.69 | 104.78 | 18.63 |
| 31-Mar-18 | 0.67 | 3.52 | 111.33 | 19.11 |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | EPS (In Rs.) | P/E Ratio | RONW (%) | NAV (In Rs.) |
| Take Solutions | 1.0 | 1.03 | 67.38 | 1.98 | 52.01 |
| Onwards Technologies | 10.0 | 1.42 | 31.21 | 4.24 | 33.14 |
Ideal Systems Limited IPO Lead Managers
| Lead Managers |
| Finshore Management Services Limited Anandlok, Block – A, 2nd Floor, Room No.207 227, A.J.C. Bose Road, Kolkata – 700 020, West Bengal – India Tel. No.: +91 33-22895101/9920379029 Fax No.: +91 33-22895101 SEBI Registration No: INM000012185 Email:info@finshoregroup.com Website: www.finshoregroup.com Contact Person: Mr. S. Ramakrishna Iyengar |
Ideal Systems Limited IPO Registrar to offer
| Registrar to the Offer |
| Aarthi Consultant Private Limited 1-2-285, Domalguda, Hyderabad, Telangana, India Tel: +91 40 27638111/27634445 Facsimile :+91 40 27632184 Website: www.aarthiconsultants.com Email: info@aarthiconsultants.com / bhaskar@aarthiconsultants.com Investor Grievance Email: info@aarthiconsultants.com Contact Person: Mr. G. Bhaskara Murthy SEBI Registration No: INR000004058 |
Other Details:
- Statutory Auditor – D. V. Shah & Associates, Chartered Accountants
- Peer Review Auditor – H. K. Shah & Associates, Chartered Accountants
Ideal Systems Limited 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 |
Ideal Systems Limited IPO Grey Market Premium
The Ideal Systems Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Ideal Systems Limited IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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