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

Face ValueRs 10
Cash PriceRs 201
Listing AtBSE SME
Min. Order Quantity600 Eq Shares
Listing DateNA
Offer for SaleRs 134.67 Lakh
Fresh IssueRs 66.73 Lakh
IPO SizeRs 201.40 Lakh
Tick Size1

NIKS Technology IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.

NIKS Technology Share Price – Live Performance

NIKS Technology IPO – Summary

niks technology ipoThe company started its operations way back in the year 2014 in the name of Niks Technology Private Limited. They are an IT solution service enabling the company to implement standard practices and maintaining quality services across all verticals.

NIKS is committed to delivering high-quality services like Digital Marketing, Software development, mobile app development, website development, moreover, they provide classroom training and certification courses to students during their summer and winter breaks.

The Promoter of this company is Mr. MR. MANISH DIXIT. The lead manager to the issue is GRETEX CORPORATE SERVICES PRIVATE LIMITED, and the Registrar to this issue is BIGSHARE SERVICES PRIVATE LIMITED


NIKS Technology IPO Date

The opening and the closing date of the IPO of NIKS Technology Limited is Mar 19, 2021 – Mar 23, 2021.


NIKS Technology Limited IPO Subscription

Day / DateNIIRIITotal Subscription
1st Day – 19 Mar0.31x0.69x0.50x
2nd Day – 22 Mar0.46x4.01x2.23x
3rd Day – 23 Mar0.99x7.21x4.10x
Shares Offered or Net Issue50,10050,100100,200

The shares subscribed by the public will be updated here.


NIKS Technology 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.

NIKS Technology Limited 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

NIKS Technology IPO Cash Price

The face value of each share is Rs.10, but the cash price of the IPO is Rs.201


NIKS Technology IPO Equity Size

This Initial Public Issue of 100,200 Equity Shares of Rs.10 each for cash at a price of Rs.201  per equity share aggregating to Rs.1,00,200.


NIKS Technology IPO Share Offering

Net Issue: Up to 94,800 Equity Shares aggregating up to Rs.190.55 Lakh

Issue Size: Up to 1,00,200 Equity Shares aggregating up to Rs.201.40 Lakh


NIKS Technology IPO – Live Performance

The listing date of this IPO is [●] . You can check the live performance of the IPO here, only after it is listed on exchanges.

Live IPO Performance – NIKS Technology Share Price

NIKS Technology IPO Grey Market Premium

The NIKS Technology Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X. 


NIKS Technology IPO – Company Overview

NIKS have a diversified product portfolio, which primarily caters to the growing IT services sector but not limited to it they cater the need of students through their skill enhancement and value addition courses. They provide the courses at their education centres.

They provide an improved product mix to their customers and their preferences thereby targeting a wider customer base. Their growth is further driven by their ability to make available an assortment of quality products under trusted brands built by their Company.

They give quality the utmost priority at all stages, to ensure their customers are thoroughly satisfied.

NIKS Technology IPO – 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 & Lakh)
31-Jan-2131-Mar-20Mar-1931-Mar-18
Total Assets67.5639.377.369.30
*Total Revenue27.6619.6619.8419.32
Total Expense7.568.0220.0920.18
Profit After Tax14.318.15(0.18)(0.64)

Earnings per Equity Share (in Lakh)

31-Jan-2131-Mar-20Mar-1931-Mar-18
Basic & Diluted
Pre Bonus14.318.15(0.18)(0.64)
Post Bonus7.154.07(0.09)(0.32)

 

NIKS Technology Limited IPO – Promoters

The Promoter of this company is:

  1. MR. MANISH DIXIT

List of Related Parties (Key Managerial Personnel)

  • Mr. Manish Dixit, Managing Director
  • Ms. Anamika Anand, Executive Director and Chief Financial Officer
  • Keshav Das Sonakiya, Non- Executive Director
  • Pravin Poddar, Independent Director
  • Robin Jain, Independent Director

Competitive Strengths of NIKS Technology Limited

  • Rich Management Experience
  • Domain expertise and technical excellence
  • Quality Service
  • Continue develop new course content with market scenario
  • Progressive Employer

NIKS Technology IPO Offer Details or Issue Details

 Particulars No. Of Equity Shares
 Equity Shares Offered Up to 1,00,200 Equity Shares aggregating up to Rs.201.40 Lakh
of which:
Issue Reserved for the Market MakersUp to [●] Equity Shares aggregating up to Rs.[●]
Lakh
Net Issue to the PublicUp to 94,800 Equity Shares aggregating up to Rs.190.55 Lakh
Of which:
Retail Investors Portion Not less than [●] Equity Shares
Other than Retail Individual InvestorsNot more than [●] Equity Shares
 Equity Shares outstanding prior to the IssueRs. 10.00 each Equity Shares
 Equity Shares outstanding after the IssueRs. 10.00 each Equity Shares

NIKS Technology IPO Issue Object

Their Company proposes to utilise the Net Proceeds towards funding the following objects:

1. To meet Working Capital requirements
2. General Corporate Purpose
3. To meet issue expenses

Business strategies of NIKS Technology Limited

  • Increase Brand awareness
  • Capitalize growth demand in Industry they serve
  • Building-up as a Professional Organization
  • Expanding Their Clientele Network by Geographic expansion
  • Upgrade their services in line with the student’s requirement

NIKS Technology 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 Management Experience
  • Quality Service
  • Progressive Employer
  • Quality Assurance and Standards
  • Needs of customers

The relevant quantitative factors are:

Basic & Diluted EPSRONW (%)NAV (Rs.)
31-Mar-204.0787.12%4.68
31-Mar-19(0.09)(15.04) %
Mar-18(0.32)(46.09) %

NIKS Technology IPO : Competitive Peers

Currently, there is no other listed company that is specifically comparable.

NIKS Technology IPO Lead Managers

Lead Managers
GRETEX CORPORATE SERVICES PRIVATE LIMITED
Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur
Mansion, 9-15, Homi Modi Street, Fort, Mumbai – 400 001
Tel No.: +91 – 22 – 4002 5273 / 98368 22199/ 98368 21999
Email: info@gretexgroup.com/ mbk@gretexgroup.com
Website: www.gretexcorporate.com
Contact Person: Mr. Goutam Seal
SEBI Registration No: INM000012177
CIN: U74999MH2008PTC288128

NIKS Technology 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 – 400 059
Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299
E-mail: ipo@bigshareonline.com
Investor Grievance E-mail: investor@bigshareonline.com
Website: www.bigshareonline.com
Contact Person: Mr. Arvind Tandel
SEBI Registration No.: INR000001385
CIN: U99999MH1994PTC076534

NIKS Technology IPO – Other Details

  • Statutory Auditor – M/s. Gupta Agarwal 
  • Legal Counsel to the Company – NA
  • Bankers to the Company –  NA


NIKS Technology IPO Review by Top 10 Stock Brokers

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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

 


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