Nihilent Limited IPO – Review, Allotment, Subscription, GMP & DRHP

Nihilent Limited is engaged in consulting and IT solutions integration company. Company has capabilities in cloud services, data and systems integration services, SAP Leonardo, S4 HANA, CRM, blockchain development. Nihilent Limited IPO comprises of Rs.[●] Equity shares, face value of Rs.10 each.

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


Nihilent Limited IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments8.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements7.8/10
Popularity Index8.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings8.1/10
Star Ratings★★★★☆

Summary of Nihilent Limited IPO

Nihilent Limited IPONihilent Limited is engaged in consulting and IT solutions integration company. Company has capabilities in cloud services, data and systems integration services, SAP Leonardo, S4 HANA, CRM, blockchain development. The Issue comprises of a Public Issue of Rs.[●] Equity shares of face value of Rs.10.00 each fully paid  up.

From FY 2015-16 to FY 2017-2018, as per the Restated Financial Statements,

From fiscal 2016 to 2017, company’s revenue from operations and net profit has increased at a growth rate of 42.19% and 0.40%, respectively.

The revenue from operations was Rs.4,241.89 Millions, Rs.3,695.79 Millions and Rs.3,114.35 Millions and the profit attributable to owners of Nihilent Limited was Rs.459.43 Millions, Rs.263.06 Millions and Rs.260.44 Millions for the financial years ended 2018, 2017 and 2016 respectively

  • During the financial year 2017-18 the Other Income (consolidated) of their company increased to Rs. 85.97 Millions as against Rs. 54.01 Millions for the financial year 2016-17, representing increase by 59.17% due to increase in interest income & insurance claim in FY 2017- 18.
  • Company’s Net Profit after tax(consolidated) for the year 2017-18 is Rs. 473.81 Millions from the year 2016-17 of Rs. 275.55 Millions showing an increase of 72% from last year, showing remarkable performance.

The Promoter of this company are : L. C. Singh, Hatch Investments (Mauritius) Limited And Dimension Data Protocol B.V. The lead manager to the issue is Motilal Oswal Investment Advisors Limited and the Registrar to this issue is Link Intime India Private Limited .


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Nihilent Limited IPO Date

The opening and the closing date of IPO of Nihilent Limited is not known yet.


Nihilent Limited IPO Subscription

Day / DateQIBNIIRIITotal Subscription
Day 1 
Day 2
Day 3
Day 4
Day 5
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.


Nihilent Limited IPO Allotment Status

Here, you can check the Allotment status of Nihilent Limited IPO.


Nihilent Limited IPO Price Band

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


Nihilent Limited IPO Equity Share Offering

[●] Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


Nihilent Limited – Company Overview

Nihilent Limited was incorporated as ‘Nihilent Technologies Private Limited’, a private limited company under the Companies Act, 1956. Thereafter, the Company was converted into a public limited company. The name of the Company was further changed to ‘Nihilent Limited’ pursuant to a fresh certificate of incorporation issued by the ROC on January 22, 2018.

Nihilent Limited is engaged in consulting and IT solutions integration company. Company has capabilities in cloud services, data and systems integration services, SAP Leonardo, S4 HANA, CRM, blockchain development.

Their mission is to systemically deliver organizational change for their clients. As on June 30, 2018, we had more than 1,800 employees across offices located in India, South Africa, United States, United Kingdom and Australia. Company was awarded the Red Herring Top 100 Award for Asia in 2011. It won Best Enterprise IT Consultancy 2018 & Award for Innovation in Digital Transformation by APAC Insider and Management Consultancy of the Year 2018 Award by CEO Today Magazine.

Their service offerings include: Analytics,Consulting,Information Technology Solutions and Services.

The Company is promoted by L. C. Singh, Hatch Investments (Mauritius) Limited And Dimension Data Protocol B.V. and is the guiding force behind the growth and strategic decisions of the Company.

Competitive Strengths of Nihilent Limited:

  • Integrated business consulting and IT services approach, with a focus on enterprise transformation through their change management solutions.
  • Long standing relationships with clients.
  • Significant geographic presence and ability to integrate acquisitions.
  • Strong and tenured management team.

Business strategies of Nihilent Limited:

  • Focus on deepening and strengthening their relationships with their customers
  • Expanding the service offering
  • Expansion of the global capabilities
  • Continuing to strengthen their human capital.
  • Enhance the delivery capabilities through investments in R&D.

Nihilent 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:

On a Standalone basis:-

Amount (in INR & Millions)
31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Total Assets3,102.833,070.812,400.962,229.812,027.44
Total Revenue2,950.102,639.312,562.992,718.472,473.12
Total Expense2,292.972,193.652,163.202,055.571,786.45
Profit After Tax450.89280.35260.69444.94460.42

Earnings per Equity Share (in Millions)

On a standalone basis:-

31-Mar-1831-Mar-1731-Mar-1631-Mar-1531-Mar-14
Basic 24.1815.0414.0024.0124.98
Diluted24.1815.0413.9823.9324.81

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


Nihilent Limited IPO – Promoters

The Promoter of this company are:

  1. L. C. Singh,
  2. Hatch Investments (Mauritius) Limited
  3. Dimension Data Protocol B.V.

List of Related Parties (Key Managerial Personnel)

  • Shubhabrata Banerjee
  • Sundaresan Narayanan
  • Abhay Ghate
  • Robin Rastogi
  • Vineet Bahal
  • Rahul S. Bhandari

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.


Nihilent Limited IPO Offer Details or Issue Details

Particulars No. Of Equity Shares
 Equity Shares Offered Upto [●] Equity Shares of face value of Rs.10/- each
Fresh IssueUp to [●] Equity Shares, aggregating up to Rs.2,500 million
Offer to SaleUp to 2,125,599
 Of which:
 Reserved for Market Makers Upto [●] Equity Shares of face value of Rs. 10/- each
 Net Issue to the Public Upto [●] Equity Shares of face value of Rs.10/- each
 Of which:
QIB PortionNot more than [●] Equity shares of face value of Rs. 10/- each fully paid of the Company for cash at a price of Rs. [●]/- per share aggregating Rs. [●] Lakhs; shall be available for allocation to QIB
Of which
Available for allocation to Mutual Funds only (5% of the QIB portion) (Excluding the Anchor Investor Portion)[●] Equity Shares of Face Value of Rs. 10/- each
Balance for all QIBs including Mutual Funds[●] Equity Shares of Face Value of Rs. 10/- each
 Retail Investors Portion Upto [●] Equity Shares of face value of Rs. 10/- each  (available for allotment to Retail Individual Investors of up to Rs. 2.00 Lacs)
 Non-Retail Investors PortionUpto [●] Equity Shares of face value of Rs. 10 /- each  (available for allocation to investors up to Rs. 2.00 Lacs)
 Equity Shares outstanding prior to the Issue19,965,800 Equity Shares
 Equity Shares outstanding after the Issue[●] Equity Shares

Nihilent Limited IPO Issue Object

These are the IPO Issue Objects of the company

  • Funding inorganic growth;
  • Replacement and upgradation activities at their corporate office;
  • Relocating their branch office and setting up a Heuristic testing center in Chennai;
  • Setting up of a user experience laboratory (“UX Lab”) and a media laboratory;
  • General corporate purposes.

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Nihilent 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:

  • Experienced Management and employees;
  •  Strong customer relationship
  •  Locational advantage
  •  Focus on quality

The relevant quantitative factors are:

On a Standalone basis:-

Basic EPSDiluted EPSRONW (%)NAV (Rs.)
31-Mar-1614.0013.9813.83101.22
31-Mar-1715.0415.0412.57119.57
31-Mar-1824.1824.1818.61129.98
  • Industry P/E Ratio:
ParticularsP/E ratio
Average23.46
Highest27.96
Lowest20.93
  • Competitive Peers:
ParticularsFace Value (in Rs.)EPS     (In Rs.)P/E RatioRONW (%) NAV (In Rs.)
Nihilent Limited10.0024.64[●]22.38110.12
Mindtree Limited10.0034.2827.9620.80167.23
Persistent Systems Limited10.0040.3920.9320.18370.95
Zensar Technologies Limited10.0053.2021.4914.77265.90

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Nihilent Limited IPO Lead Managers

Lead Managers
Motilal Oswal Investment Advisors Limited
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot,
Prabhadevi, Mumbai – 400 025
Telephone: +91 22 3846 4380
Facsimile: +91 22 3846 4315
E-mail:
Investor grievance e-mail:
Website: www.motilaloswalgroup.com
Contact Person: Subodh Mallya
SEBI Registration Number: INM000011005

Nihilent Limited IPO Registrar to offer

Registrar to the Offer
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park, L.B.S. Marg,
Vikhroli (West), Mumbai – 400 083, India
Tel: +91 22 49186200; Fax: +91 22 4918 6195
Website: www.linkintime.co.in
Email:
Investor Grievance Id:
Contact Person: Shanti Gopalkrishnan
SEBI Registration Number: INR000004058

Other Details:

  • Statutory Auditor –  M/s. Price Waterhouse Chartered Accountants LLP
  • Peer Review Auditor -M/s. Price Waterhouse Chartered Accountants LLP
  • Bankers to the Company –FirstRand Bank Limited

Nihilent Limited IPO Review by Top 10 Stock Brokers

Top Stock Brokers ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

Nihilent Limited IPO Grey Market Premium

The Nihilent 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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Nihilent Limited IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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