Ksolves India IPO Review, Dates, Allotment, Size, Live Bid Details, GMP & RHP

Last Updated Date: Nov 17, 2022

Let’s have a detailed review of the company and analytics of the Ksolves India Limited IPO release date, IPO offer price, subscription, Ksolves India IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things. Stock Broker Complaints

Ksolves India IPO Review & Ratings

IPO Ratings & Review
Criteria	Ratings
Industry Sentiments	7.4/10
Industry Ranking	7.1/10
Company Background	8.2/10
Company Reputation	7.7/10
Competitive Edge	7.2/10
Financial Statements	8.0/10
Popularity Index	7.6/10
Promoters Reputation	8.0/10
Retail Appetite	7.5/10
Top Brokers Review	7.1/10
Overall Ratings	7.5/10
Star Ratings	★★★★☆

Summary of Ksolves India IPO

Ksolves India IPO

They are an ISO certified software services and product company offering solutions that enables client organizations to rapidly develop powerful applications addressing their strategic business needs.

The applications created by them enable organizations to drive digital transformation and competitive differentiation. This may include automation of routine business functions, making them faster, easier and more accurate and increasing the channels or devices through which these functions can be performed.

From FY 2016-17 to FY 2018-2019, as per the Restated Financial Statements

For the year ended March 31, 2020, their Company’s Total Standalone Income and Restated Standalone Profit after Tax were Rs. 814.51 Lacs and Rs. 67.19 Lacs respectively.
For the year ended March 31, 2019, their Company’s Total Standalone Income and Restated Standalone Profit after Tax was Rs. 542.62 Lacs and Rs. 15.83, compared to their Company’s Total Standalone Income and Restated Standalone Profit after Tax of Rs. 340.85 Lacs and Rs. 5.50 Lacs respectively, over previous year ended i.e. March 31, 2018.

The Promoters of this company are MR. RATAN KUMAR SRIVASTAVA AND MRS. DEEPALI VERMA. The lead manager to the issue is SHRENI SHARES PRIVATE LIMITED. The Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.

List of Upcoming IPOs

Ksolves India IPO Dates / Launch Date

The opening and the closing date of Ksolves India IPO is Jun 23, 2020 to Jun 26, 2020.

Ksolves India IPO Subscription

Day / Date	NII	RII	Total Subscription
1st Day – Jun 23	0.79x	0.00x	0.40x
2nd Day – Jun 24	1.94x	0.15x	0.90x
3rd Day – Jun 25	2.20x	0.33x	1.26x
4th Day – Jun 26	2.22x	0.62x	1.42x
Shares Offered or Net Issue	190,800	190,800	381,600

The shares subscribed by the public will be updated here.

Ksolves India 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.

Ksolves India IPO Listing Date

Find the dates below on basis of allotment, refund, listing and more:

Basis of Allotment Finalization	–
Refunds Initiation	–
Credit of Shares to Demat Account	–
Share Listing Date	–

Ksolves India IPO Price Band / Cash Price

The face value of each share is Rs.10, and the cash price of the IPO is Rs.100.

Ksolves India IPO Size

This Initial Public Issue of 4,02,000 Equity Shares of Rs.10 each for cash at a price of Rs.Rs.100 per equity share aggregating to Rs.402.00 Lakhs.

Ksolves India IPO Share Offering

Issue: The Fresh Issue of 4,02,000 Equity Shares by their Company of Rs.10 each at a price of Rs.100.00 per equity share aggregating to Rs.402.00 lakh,

Net Offer: The Net Offer of up to 3,81,600 Equity Shares of Rs.10 each at price of Rs.100.00 per Equity Shares aggregating to Rs.381.60 lakhs

Ksolves India Limited – Company Overview

Their Company is basically engaged in software development, enterprise solutions and consulting, providing a range of Information Technology (“IT”) solutions to companies across sectors such as Real Estate, E-commerce, Finance, Telecom and Healthcare etc. They design, develop and maintain software systems and solutions, create new applications and enhance the functionality of their customer’s existing software products.

Their Company was founded in the year 2014 by Mr. Ratan Kumar Srivastava and Mrs. Deepali Verma. Ksolves started off its journey as a custom application development company with few developers.

Over the years, the company expanded immensely with team of strong and dedicated developers who work to offer impeccable development services to their customers worldwide in the various fields of software development, mobile development, Salesforce development, and a whole suite of other software applications in the market.

The company also works on latest and trending technologies like Salesforcem, AI, AR/VR, IoT, Chatbot, etc. Their clients trust is something that has made them reach so far. They are known and trusted for experience, knowledge, value, and their ability to deliver the solutions under all circumstances.

Ksolves India Focus Area

Ksolves have worked for numerous industries, realized their true potential and scale to global recognition such as for Real Estate; Education and Learning; E-commerce and Retail; Social Media and Networking; Logistics; Healthcare; Tech & Software; Life Sciences; CRM; Travel – successfully developed a location based on-demand taxi app with full FAC payment integration, Google Map integration and Twilio integration for sending messages to users.

Ksolves India – Acquisition

Additionally, their Company has acquired 100% stake in Kartik Solutions Private Limited in the year 2019 which become wholly owned Subsidiary company of their Company. Their Subsidiary Company is engaged in providing IT and IT Enabled Services which include mobile application development, web solutions, E-commerce solutions and cloud solutions.

Ksolves India – Revenue Aspects

Their Company’s revenue is predominantly generated from exports sales and they are providing their Information Technologies services to clients over 30 countries and over 80% of sales comes from North American Clients.

Ksolves India Business Process

The company, Ksolves endeavours to bring together creativity and knowledge with positive business strategy to furnish the requirements of diverse customers with an inclusive range of products and services which are comprehensive and cost effective so that the client can focus on their core-competencies to improve or expand their businesses.

Ksolves India Limited: Business strategies

Expand their Current Business Relationships
Attract, develop and retain highly-skilled employees
Focus on efficiency
Optimal Utilization of Resources
Invest in infrastructure and technology

Ksolves India IPO – Financial Statements

On the basis of Standalone statement:

Amount (in INR & Lakhs)
	31-Mar-20	Mar-19	31-Mar-18
Total Assets	166.19	69.08	53.09
Total Revenue	814.51	542.62	340.85
Total Expense	724.73	521.14	331.14
Profit After Tax	67.19	15.83	5.50

Earnings per Equity Share (in Lakhs)

Amount (in INR & Lakhs)
	Mar-20	31-Mar-19	31-Mar-18
Basic & Diluted	13.48	3.18	2.20

Ksolves India IPO – Promoters

The Promoters of this company are:

MR. RATAN KUMAR SRIVASTAVA
MRS. DEEPALI VERMA

List of Related Parties (Key Managerial Personnel)

Mr. Ratan Kumar Srivastava, Chairman and Managing Director
Mr. Dipanshu, Company Secretary and Compliance Officer
Deepali Verma, Whole time Director & Chief Financial Officer

Interest in promotion of the Company

The Promoters is interested to the extent of their shareholding in the Company, and any dividend and distributions which may be made by the Company in future.

Interests of Promoter in property of their Company

Except as mentioned in this Draft Prospectus, their Promoters do not have any other interest in any property acquired by their Company in a period of two years before filing of this Draft Prospectus or proposed to be acquired by them till date of filing the Prospectus with RoC.

Ksolves India IPO Offer Details or Issue Details

Particulars	No. Of Equity Shares
Equity Shares Offered	Up to 4,02,000 Equity Shares, aggregating up to Rs.402.00 lakhs
Of which:
Issue Reserved for the Market Makers	20,400 Equity Shares, aggregating up to Rs.20.40 lakhs
Net Issue to the Public	Up to 3,81,600 Equity Shares, aggregating up to Rs.381.60 lakhs
Of which:	Up to 1,90,800 Equity Shares, aggregating up to Rs.2.00 lakhs
	Up to 1,90,800 Equity Shares, aggregating up to Rs.2.00 lakhs
Equity Shares outstanding prior to the Issue	10,80,000 Equity Shares
Equity Shares outstanding after the Issue	14,82,000 Equity Shares

Ksolves India IPO Issue Object

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:

1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Ksolves India Limited: Competitive Strength

Customer satisfaction and revenues from long standing customer relationships
Experienced Promoters and Management Expertise
Diversified revenue from multiple geographies
Focused on driving innovation
Diversified business across several industrial verticals
Scalable Business Model

Ksolves India 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:

Customer satisfaction and revenues from long standing customer relationships
Experienced Promoters and Management Expertise
Diversified revenue from multiple geographies
Focused on driving innovation
Diversified business across several industrial verticals

Ksolves India IPO – Quantitative Factors

	Basic & Diluted EPS	RONW in %	NAV (Rs.)
31-Mar-18	2.20	25.55%	215.10
31-Mar-19	3.18	80.78%	97.98
*31-Mar-20	13.48	77.42%	433.95

Price to Earnings (P/E) ratio in relation to Price band of Rs.[●] of Rs.10 per each

Particulars	P/E ratio
Highest	–
Average	–
Lowest	–

Ksolves India Limited: Competitive Peers

	Face Value (Rs.)	P/E	EPS (Rs.)	Return on Net Worth (%)	NAV per share (Rs.)
Ksolves India Limited	10	7.42	13.48	77.42	433.95
Listed Peers
Dev Information Technology Limited*	10	9.08	7.90	14.78	53.42
Innovana Thinklabs Limited*	10	8.36	8.01	15.56	51.54

Ksolves India 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- 400092, Maharashtra, India
Telephone Number: +91-22-28088456
Email Id: shrenishares@gmail.com
Investors Grievance Id: info@shreni.in
Website: www.shreni.in
Contact Person: Mr. Parth Shah
SEBI Registration Number: INM000012759

Ksolves India IPO Registrar to Offer

Registrar to the Offer

BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, Opp. Vasant Oasis, Makwana Road, Marol,
Andheri (East) Mumbai – 400059, Maharashtra, India.
Telephone: +91-22-6263 8200
Facsimile: +91-22-6263 8280
Email: ipo@bigshareonline.com
Investor grievance email: investor@bigshareonline.com
Contact Person: Mr. Babu Rapheal
Website: www.bigshareonline.com
SEBI Registration Number: INR000001385

Other Details:

Statutory Auditor – M/s A Y & Company, Chartered Accountant
Legal Counsel to the Company – ASHA AGARWAL & ASSOCIATES
Bankers to the Company – DEUTSCHE BANK AG

Ksolves India 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