Kandarp Digi Smart BPO 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 Kandarp Digi Smart BPO IPO release date, IPO offer price, subscription, Kandarp Digi Smart BPO 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. 30 |
| Listing At | BSE SME |
| Min. Order Quantity | 4000 shares |
| Listing Date | Sep 28, 2022 |
| Offer for Sale | NA |
| Fresh Issue | Rs. 810.00 Lakh |
| IPO Size | Rs. 810.00 Lakh |
| Tick Size | 1 |
Kandarp Digi Smart BPO IPO is listed at a Rs. 20 premium. Check out the live share price by clicking on the below link.
Kandarp Digi Smart BPO IPO – Summary
Kandarp Digi Smart BPO Limited is engaged in BPO services specializing in the area of support services solutions.
The Company provides wide ranges of support services such as Call Centre, Contact Point Verifications, Site Visits, Document check/Pickup, E-KYC, Skip Tracing, Employee 
Back Check, Staffing Solutions, Payroll Management, Payment Collections (soft), AMC Booking Services etc. to its clients and specializes in providing End to End solutions to customers/clients.
They believe in providing efficient and accurate services which is core value of the organization. Their services are focussed towards delivering outstanding results for their clients.
They adapt their outstanding services to cater to the specific needs of business and assist in achieving business goals.
The Promoter of this company is Mr. Sunil Kumar Rai, Mrs. Meenakshi Pathak and M/s Reliable Data Services Limited. The lead manager to the issue is BEELINE CAPITAL ADVISORS PRIVATE LIMITED, and the Registrar to this issue is SKYLINE FINANCIAL SERVICES PRIVATE LIMITED.
Kandarp Digi Smart BPO IPO Date
The opening of Kandarp Digi Smart BPO IPO will be on Sep 16, 2022 and the closing date Sep 20, 2022.
Kandarp Digi Smart BPO IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 16th Sept | 0.03x | 0.14x | 0.09x |
| 2nd Day – 19th Sept | 0.25x | 0.97x | 0.61x |
| 3rd Day – 20th Sept | 0.88x | 2.79x | 1.84x |
| Shares Offered or Net Issue | 1,280,000 | 1,280,000 | 2,560,000 |
The shares subscribed by the public will be updated here.
Kandarp Digi Smart BPO 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.
Kandarp Digi Smart BPO Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Sep 23, 2022 |
| Refunds Initiation | Sep 26, 2022 |
| Credit of Shares to Demat Account | Sep 27, 2022 |
| Share Listing Date | Sep 28, 2022 |
Kandarp Digi Smart BPO IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.30.
Kandarp Digi Smart BPO IPO Equity Size
This Initial Public Issue of 27,00,000 Equity Shares of Rs.10 each for cash at a price of Rs.30 per equity share aggregating to Rs.810.00 Lakh.
Kandarp Digi Smart BPO IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 25,60,000 Equity Shares of Rs.10/ each.
Issue Size: 27,00,000 Equity Shares of Rs.10 each, aggregating to Rs. 810.00 Lakh.
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Kandarp Digi Smart BPO IPO – Live Performance
The listing date of this IPO is Sep 28, 2022. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Kandarp Digi Smart BPO Share Price |
Kandarp Digi Smart BPO IPO Grey Market Premium
The Kandarp Digi Smart BPO Limited IPO Grey Market Premium price is Rs.4 , the Kostak rate is Rs X and the Subject to Sauda is 25000.
Kandarp Digi Smart BPO IPO – Company Overview
The Company was originally incorporated on February 07, 2001 as “Dynamic Restructuring Management Services Private Limited” under the provisions of the Companies Act, 1956 with the Registrar of Companies, N.C.T of Delhi & Haryana.
The name of their company was changed from “Dynamic Restructuring Management Services Private Limited” to “Kandarp Management Services Private Limited” and fresh certificate of incorporation dated March 23, 2010 was issued by Registrar of Companies, National Capital Territory of Delhi and Haryana.
Further the name of their company was changed from “Kandarp Management Services Private Limited” to “Kandarp Digi Smart BPO Private Limited” and fresh certificate of incorporation dated December 09, 2021 was issued by Registrar of Companies, Delhi.
Subsequently their Company was converted into Public Limited Company and name of company was changed from “Kandarp Digi Smart BPO Private Limited” to “Kandarp Digi Smart BPO Limited” vide fresh certificate of incorporation dated March 22, 2022 issued by the Registrar of Companies, Delhi.
Kandarp Digi Smart BPO 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 & Lakh) | ||||
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Total Assets | 1860.42 | 1719.64 | 1191.15 | 928.15 |
| *Total Revenue | 1287.84 | 1053.55 | 1012.59 | 1106.67 |
| Total Expense | 1162.17 | 1038.20 | 861.86 | 909.68 |
| Profit After Tax | 94.04 | 10.56 | 111.54 | 148.09 |
Earnings per Equity Share (in Lakh)
| 31-Mar-22 | 31-Mar-21 | 31-Mar-20 | 31-Mar-19 | |
| Basic & Diluted | 1.50 | 0.17 | 1.78 | 2.36 |
Further, their PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.94.04 Lakh, Rs.10.56 Lakh, Rs.111.54 Lakh and Rs.148.09 Lakh respectively.
Kandarp Digi Smart BPO IPO – Promoters
The Promoter of this company is:
- Mr. Sunil Kumar Rai
- Mrs. Meenakshi Pathak
- Reliable Data Services Limited
List of Related Parties (Key Managerial Personnel)
- Mr. Sunil Kumar Rai, Chairman cum Managing Director
- Mrs. Meenakshi Pathak, Whole-Time Director
- Mr. Parbind Kumar Jha, Chief Financial Officer
- Ms. Niharika Gupta, Company Secretary and Compliance Officer
Kandarp Digi IPO – Promoters Holding
- Pre Issue Share Holding – 100%
- Pos Issue Share Holding – 69.91%
Kandarp Digi IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 27,00,000 Equity Shares aggregating up to Rs. 810.00 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,40,000 Equity Shares aggregating up to Rs.42.00 Lakh |
| Net Issue to the Public | Up to 25,60,000 Equity Shares aggregating up to Rs. 768.00 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 50% |
| Other than Retail Individual Investors | Not more than 50% |
| Equity Shares outstanding prior to the Issue | 62,73,000 Equity Shares |
| Equity Shares outstanding after the Issue | 89,73,000 Equity Shares |
Kandarp Digi IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1.To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses
Kandarp Digi Smart BPO IPO – Business Strategy
- Focus on existing markets.
- To expand their existing distribution base
- Continuously holding markets Trends.
- Supply of Quality Services.
Kandarp Digi Smart BPO 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:
- Distribution Network
- Experienced management and a well-trained employee base
- Existing client relationship
- Diversified customer base and revenue sources
- Increasing the efficiency and knowledge of Employees
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar -22 | 1.50 | 11.97 | 1.50 |
| 31-Mar-21 | 0.17 | 1.51 | 11.17 |
| 31-Mar-20 | 1.78 | 16.17 | 11.00 |
| 31-Mar-19 | 2.36 | 25.60 | 9.22 |
Kandarp Digi Smart BPO IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | |
| Kandarp Digi Smart BPO Limited | 10 | 20 | 1.50 | 11.97 |
| Listed Peers | ||||
| Firstsource Solutions Limited | 10 | 17.89 | 5.38 | 16.01 |
| Eclerx Services Limited | 10 | 28.47 | 67.29 | 22.48 |
Kandarp Digi Smart BPO IPO Lead Managers
| Lead Managers |
| BEELINE CAPITAL ADVISORS PRIVATE LIMITED 807, Phoenix Tower, Opp. New Girish Cold drinks, Near Vijay Cross Roads, Navrangpura, Ahmedabad – 380009, Gujarat, India Tel. No.: +91-79-48405357, 48406357 Email: mb@beelinemb.com Website: www.beelinemb.com Investor Grievance Email: ig@beelinemb.com Contact Person: Mr. Nikhil Shah SEBI Registration No.: INM000012917 |
Kandarp Digi Smart BPO IPO Registrar to offer
| Registrar to the Offer |
| SKYLINE FINANCIAL SERVICES PRIVATE LIMITED D-153A, 1st Floor, Okhla Industrial Area Phase-I, New Delhi – 110020, India Tel. No.: 011-40450193-197 Fax No.: 011-26812683 Email: ipo@skylinerta.com Website: www.skylinerta.com Investor Grievance Email: grievances@skylinerta.com Contact Person: Ms. Rati Gupta SEBI Registration No.: INR000003241 |
Kandarp Digi Smart BPO IPO – Other Details
- Statutory Auditor – M/S. B MANNA & CO., Chartered Accountants
- Legal Counsel to the Company – ANA ADVISORS
- Bankers to the Company –HDFC Bank Limited
Kandarp Digi Smart BPO 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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Kandarp Digi Smart BPO Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Kandarp Digi Smart BPO IPO Review FAQs
Check out various FAQs related to Kandarp Digi IPO:
What is the Issue Size of Kandarp Digi IPO?
The Company is making an initial public offer of 27,00,000 equity shares. We 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 Kandarp Digi IPO?
The price band for this particular IPO ranges between Rs. 30. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Kandarp Digi IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Sep 16, 2022, while the closing date is set at Sep 20, 2022.
What is the Kandarp Digi IPO Allotment Date?
We also have the news regarding the respective allotment dates of this IPO. Basis of Allotment finalization is on Sep 23, 2022, refund initiation is on Sep 26, 2022, credit of shares is on Sep 27, 2022, and share listing date is on Sep 28, 2022.
What is the Kandarp Digi IPO Listing Date?
Shares of this company shall be listed in the exchanges Sep 28, 2022. The date, when the listing would be done, is stagnant on Sep 28, 2022.
Who is the Registrar of Kandarp Digi IPO?
One of the reputed registrars is managing the issue of this IPO, SKYLINE FINANCIAL SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Kandarp Digi IPO?
Here are the promoters of this IPO – Mr. Sunil Kumar Rai, Mrs. Meenakshi Pathak and M/s Reliable Data Services Limited. 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 Kandarp Digi IPO?
We have obtained the GMP of this IPO and it is Rs.4 Further insights of Kostak rate and subject to sauda or SS Rs.25000 are as well included in this report.
Is Rhetan IPO good for Investment?
We 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 Kandarp Digi Smart BPO Company?
We have the information of company financials, and according to that, we have the figures from the last few years to provide. PAT for the period ended on 31-Mar-22, 31-Mar-21, 31-Mar-20 and 31-Mar-19 were Rs.94.04 Lakh, Rs.10.56 Lakh, Rs.111.54 Lakh and Rs.148.09 Lakh respectively.
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