NIKS Technology IPO – Review, Allotment, Subscription, GMP & DRHP

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.

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

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

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:

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.

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:

Earnings per Equity Share (in Lakh)

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

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:

NIKS Technology IPO : Competitive Peers

NIKS Technology IPO Lead Managers

NIKS Technology IPO Registrar to offer

NIKS Technology IPO – Other Details

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

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