Mindpool Technologies IPO – Review, Allotment Status, Subscription, Price, Date & more

Mindpool Technologies Limited is launching its IPO soon. Mindpool Technologies is one of the leading IT Contract Staffing and Recruiting Services Provider delivering technology experts & capabilities to its clients from diverse industries across the world. The Company has issued 15,00,000 Equity shares of Rs.10 each. Let’s have a detailed review of the company and analytics of the Mindpool technologies IPO release date, IPO offer price, subscription, Mindpool Technologies IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.


Mindpool Technologies IPO Review & Ratings

Mindpool Technologies IPO Ratings & Review
CriteriaRatings
Industry Sentiments 6.3/10
Industry Ranking 6.3/10
Company Background6.1/10
Company Reputation6.4/10
Competitive Edge6.4/10
Financial Statements6.5/10
Popularity Index6.2/10
Promoters Reputation6.3/10
Retail Appetite 6.2/10
Top Brokers Review6.3/10
Overall Ratings 6.3/10
Star Ratings★★★☆☆

 


Summary of Mindpool Technologies  IPO

Mindpool Technologies IPOMindpool Technologies is a robust global provider of expert-level IT Consulting Services recognized in India & US for outstanding service delivery, sustained relationships, consistent results, and innovation. They are experienced across a number vertical industries with specialization in IT Contract Staffing, Oracle Consulting and RPO. The Company is launching the IPO for up to 15,00,000 Equity shares of Rs.10 each as face value. The main Objective of this IPO:

  • Funding of working capital requirements of the Company
  • General Corporate Purpose
  • Issue Expenses

The Promoter of this company are RITESH R SHARMA and POONAM R SHARMA. The lead manager to the issue is HEM SECURITIES LIMITED and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED.


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Mindpool Technologies IPO Date

The opening and the closing date of IPO of Mindpool Technologies is not known yet.

Mindpool Technologies IPO Subscription

 Subscription
Day 1X
Day 2 X
Day 3X
Day 4 X
Day 5 X

The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.

Mindpool Technologies IPO Allotment Status

The Issue is being made through the Fixed Price Process wherein up to 78,000 Equity Shares shall be reserved for Market Maker upto 7,11,000 Equity shares will be allocated on a proportionate basis to Retail Individual Applicants, subject to valid applications being received from Retail Individual Applicants at the Issue Price. The balance of the Net Issue will be available for allocation on proportionate basis to Non Retail Applicants.

Mindpool Technologies IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 

Mindpool Technologies IPO Equity Share Offering

15,00,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (15,00,000* Issue Price).



Mindpool Technologies Limited – Company Overview

Mindpool Technologies Private Limited was incorporated dated February 21, 2011 under the provision of Companies Act, 1956 by Registrar of Companies, Pune. The Company is engaged in the business of IT staffing and consultancy. They have their registered office in Pune, corporate office in Bangalore and virtual offices in Mumbai and Chennai. They are engaged in the business of providing Oracle Consultancy Services, IT staffing and solutions and Corporate Training Services across various industries including viz. banking and financial services, automotive and engineering, telecom, healthcare, Retail and Entertainment in India and US. As of March 31, 2018, we served 22 clients and have 103 employees.

Key clients include Herbalife International India Private Ltd, Clairvoyant India Private Limited, Inspirage Software Consulting Private Limited, HTC Global Services (India) Private Ltd. etc

The Company is promoted by Ritesh R Sharma, who has over a decade of experience in the IT industry. He is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Mindpool Technologies Limited:

  • Diverse portfolio of Services.
  • Established relationship with clients leading to recurring business.
  • Experienced management and operational team.
  • Customer Satisfaction.
  • Diversified Industry Sectors.

Business strategies of Mindpool Technologies Limited:

  • Technology and Operational Excellence.
  • Attract and retain talented employee.
  • Increased Focus on Oracle based services.
  • Strong Business Development and Sales team.
  • Develop and maintain relationships with the Clients.
  • Enhancing Operating Effectiveness and Efficiency.

Mindpool Technologies 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-1731-Mar-1631-Mar-1531-Mar-1431-Mar-13
Total Assets1204.121612.88 1273.37931.28325.73
Total Revenue1,734.412376.671952.712357.171457.46
Total Expense1,532.37   2,222.92 1,755.711958.561,226.69
Profit After Tax142.99 102.02132.85266.47155.00

 


Earnings per Equity Share (in Lakhs)

31-Dec-1731-Mar-1731-Mar-16
Basic 4.75 3.394.75
Diluted 5.624.30(1.13)

From the above statements, one could find that the Mindpool Technologies Limited may perform well.


Mindpool Technologies IPO – Promoters

The Promoter of this company are:

  1. Mr. Ritesh R. Sharma and
  2. Mr. Poonam R. Sharma

List of Related Parties (Key Managerial Personnel)

  • Paramjeet K Mehta
  • Renuka Trika

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.


Mindpool Technologies IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered 1500000 Equity Shares of Rs 10/- each at an Issue Price (yet to be disclosed).
 Of which:
 Reserved for Market Makers 78000 Equity Shares of Rs 10/- each at an issue price.
 Net Issue to the Public 1422000 Equity Shares of Rs 10/- each at an issue price.
 Of which:
 Retail Investors Portion 711000 Equity Shares of Rs 10/- each at an Issue Price
 Non-Retail Investors Portion711000 Equity Shares of Rs 10/- each at an Issue Price.
 Equity Shares outstanding prior to the Issue3037500 Equity Shares of Rs 10/- each
 Equity Shares outstanding after the Issue4537500 Equity Shares of Rs 10/- each

Mindpool Technologies IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding of working capital requirements of the Company
  • General Corporate Purpose
  • Issue Expenses

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Mindpool Technologies 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:

    • Diverse portfolio of Services
    • Established relationship with clients leading to recurring business
    • Experienced management and operational team
    • Customer Satisfaction
    • Diversified Industry Sectors
    • International Presence

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-164.4119.17%30.98
31-Mar-173.3912.83%26.42
31-Mar-184.7515.20%23.03

 


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Mindpool Technologies IPO Lead Managers

Lead Managers
HEM SECURITIES LIMITED

904, A Wing, 9th Floor Naman Midtown, Senapati Bapat Marg,
Elphinstone Road Mumbai-400 013, India.
Tel : 022 4906 0000; Fax: 022 2262 5991
Email:
Investor Grievance Email:
Contact Person: Radhika Soni
Website: www.hemsecurities.com
SEBI Registration number: INM000010981

Mindpool Technologies 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
Tel No.: 022-62638200
Fax No.: 022-62638299;
Website: www.bigshareonline.com
Email: ;
Contact Person: Srinivas Dornala
SEBI Registration No.: INR000001385


Other Details:

  • Statutory Auditor – M/s Katariya & Munot Chartered Accountant.
  • Peer Review Auditor –P S D & Associates, Chartered Accountants
  • Bankers to the Company –  ICICI Bank

Mindpool Technologies IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromters Reputation
Angel Broking6.5/106.6/106.6/106.4/106.4/10
Sharekhan6.7/106.4/106.6/106.1/106.2/10
Kotak Securities6.7/106.7/106.7/106.4/106.3/10
ICICI Direct6.6/106.3/106.7/106.5/106.5/10
IIFL6.4/106.7/106.8/106.4/106.7/10
Edelweiss6.7/106.4/106.4/106.3/106.7/10
Zerodha6.5/106.4/106.7/106.4/106.5/10
5Paisa6.7/106.4/106.3/106.7/106.5/10
Karvy6.8/106.3/106.7/106.4/106.0/10
Motilal Oswal6.6/106.4/106.6/106.6/106.4/10

The ratings would be updated once the financials and the other details of the IPO are released.


Mindpool Technologies IPO Grey Market Premium

The Mindpool Technologies IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.


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