NIKS Technology IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 18, 2022Let’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 Value | Rs 10 |
Cash Price | Rs 201 |
Listing At | BSE SME |
Min. Order Quantity | 600 Eq Shares |
Listing Date | NA |
Offer for Sale | Rs 134.67 Lakh |
Fresh Issue | Rs 66.73 Lakh |
IPO Size | Rs 201.40 Lakh |
Tick Size | 1 |
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
The 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 / Date | NII | RII | Total Subscription |
1st Day – 19 Mar | 0.31x | 0.69x | 0.50x |
2nd Day – 22 Mar | 0.46x | 4.01x | 2.23x |
3rd Day – 23 Mar | 0.99x | 7.21x | 4.10x |
Shares Offered or Net Issue | 50,100 | 50,100 | 100,200 |
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-21 | 31-Mar-20 | Mar-19 | 31-Mar-18 | |
Total Assets | 67.56 | 39.37 | 7.36 | 9.30 |
*Total Revenue | 27.66 | 19.66 | 19.84 | 19.32 |
Total Expense | 7.56 | 8.02 | 20.09 | 20.18 |
Profit After Tax | 14.31 | 8.15 | (0.18) | (0.64) |
Earnings per Equity Share (in Lakh)
31-Jan-21 | 31-Mar-20 | Mar-19 | 31-Mar-18 |
|
Basic & Diluted | ||||
Pre Bonus | 14.31 | 8.15 | (0.18) | (0.64) |
Post Bonus | 7.15 | 4.07 | (0.09) | (0.32) |
NIKS Technology Limited IPO – Promoters
The Promoter of this company is:
- 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 Makers | Up to [●] Equity Shares aggregating up to Rs.[●] Lakh |
Net Issue to the Public | Up 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 Investors | Not more than [●] Equity Shares |
Equity Shares outstanding prior to the Issue | Rs. 10.00 each Equity Shares |
Equity Shares outstanding after the Issue | Rs. 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 EPS | RONW (%) | NAV (Rs.) | |
31-Mar-20 | 4.07 | 87.12% | 4.68 |
31-Mar-19 | (0.09) | (15.04) % | – |
Mar-18 | (0.32) | (46.09) % | – |
NIKS Technology IPO : Competitive Peers
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
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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