RLabs Enterprise IPO – Review, Allotment, Subscription, Price, Date & more
Last Updated Date: Aug 24, 2022RLabs Enterprise Services provides staff augmentation, IT consulting and managed services solutions to its clients. Based out of Hyderabad and Bangalore, they are providing staffing and technology solutions across India. RLabs Enterprise IPO consists of 31,00,000 Equity shares of Rs.10 each.
Let’s have a detailed review of the company and analytics of the RLabs Enterprise IPO release date, IPO offer price, subscription, RLabs Enterprise IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
RLabs Enterprise IPO Review & Ratings
| RLabs Enterprise IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 6.6/10 |
| Industry Ranking | 6.3/10 |
| Company Background | 6.9/10 |
| Company Reputation | 6.4/10 |
| Competitive Edge | 6.9/10 |
| Financial Statements | 6.5/10 |
| Popularity Index | 6.8/10 |
| Promoters Reputation | 6.9/10 |
| Retail Appetite | 6.9/10 |
| Top Brokers Review | 6.8/10 |
| Overall Ratings | 6.8/10 |
| Star Ratings | ★★★☆☆ |
Summary of RLabs Enterprise IPO
Their Company provides staff augmentation, IT consulting and managed services solutions to its clients. Based out of Hyderabad and Bangalore, they are providing staffing and technology solutions across India. Their services primarily include 1) IT Staff Augmentation services; and 2) IT Managed Services. Within these services they follow the model of Hire – Train – Deploy and Master Vendor program, which also includes Payroll Management solutions. Incorporated in 2013, they have grown to a 1100+ staff team.
They have well-known and reputed clients from the Information Technology, Banking & Financial Services, FMCG space amongst others, which include MNCs, Indian units of MNCs as their clients. Presently their IT Staff Augmentation Services account for a majority of their revenues, and IT Managed Services contributes to rest of their revenues. Both the business lines broadly fall within the scope of staffing services for the IT/ITES sector, and accordingly, audited segment-wise breakup is not required.
They believe that their Company has an inherent strong management team with approximately [•] man years of
collective experience. Their management team has experience with diverse background and geographies with
different areas of specialization within the IT industry, including Management Consulting. Their strong internal
team, with constant knowledge updation is definitely one of their strong points. They consider their human capital as one of their key strengths.
They have developed a professional, talented and dedicated pool of trained employees, who have the required skill sets and ability to manage and execute projects. They have over 300 qualified engineers/ software developers/ business analysts with relevant qualifications and experience in industry verticals where they operate. The skill sets of their employees give us the flexibility to adapt to the needs of their clients and the technical requirements. They are committed to the development of the expertise and know-how of their employees through regular seminars and training sessions organized or sponsored by their Company.
The Promoter of this company is Renuka Tadakamalla. The lead manager to the issue is SAFFRON CAPITAL ADVISORS PRIVATE LIMITED and BIGSHARE SERVICES PRIVATE LIMITED
Open Free* Demat A/C Now! Fill the details below
RLabs Enterprise IPO Date
The opening and the closing date of IPO of RLabs Enterprise Services limited is not known yet.
RLabs Enterprise IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1 | ||||
| Day 2 | ||||
| Day 3 | ||||
| Day 4 | ||||
| Day 5 |
The shares subscribed by the public will be updated herein on a daily basis, once the IPO is open for subscription.
RLabs Enterprise IPO Allotment Status
Click here to check the allotment status.
RLabs Enterprise IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed.
RLabs Enterprise IPO Size or Equity Share Offering
31,00,000 Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed so it will be aggregated to Rs (31,00,000 * Issue Price).
RLabs Enterprise Services Limited – Company Overview
IT staff augmentation services entail allocation of dedicated technical resources on fixed or flexible terms and
conditions. This is a service where their Company augments the client’s workforce by providing them with skilled
staff. The client is responsible for managing the staff and the work carried out and completed by them. The software
developers are hired based on their technological skill set. Using IT staff augmentation services provide a onewindow
solution to companies who might require application development across diverse technology verticals.
Their key propositions to their clients include, Quick Turnaround Time (TAT), competitive workforce rates, 24×7
support, upskilling and reskilling employees wherever project requires, stringent employee background and skill
validation to ensure quality of services. Their employees have diverse skill-set, support multiple domains and have the
capability to provide services at par with internal hired resources are some of the factors they work towards
differentiating ourselves from other similar companies. Their employees are exposed to work on different domains
with different clients.
Competitive Strengths of RLabs Enterprise Services Limited:
- Strong Management Team and Human Capital
- Diverse range of service offerings
- Cost competitive solutions
- Strong customer relations with top clients
Business strategies of RLabs Enterprise Services Limited:
- Enhanced & customized innovative service offerings
- Maintaining their strategic focus on Indian market
- Continuous innovation
- Investment on new business opportunities & engagement model
- Focus on long-term revenue model
- Competitive Pricing – cost cutting & time saving
- Create Centre of Excellence – SAP, Mobility, Cloud, Digital Solutions, Salesforce, AI & Machine
learning, Robotics and UI5 - Investment on Bench – a partner based approach
- Hire, Train & Deploy model – Niche/Hard to Hire skills
- Upskilling, Reskilling & Cross-Skilling
RLabs Enterprise Services Limited – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakhs) | |||
| 31-Dec-18 | 31-Mar-17 | 31-Mar-16 | |
| Total Assets | 3406.64 | 1045.53 | 262.42 |
| Total Revenue | 6434.12 | 2996.47 | 1176.90 |
| Total Expense | 5597.61 | 2695.90 | 1070.08 |
| Profit After Tax | 605.22 | 204.20 | 70.51 |
Earnings per Equity Share (in Lakhs)
| 31-Dec-17 | 31-Mar-17 | 31-Mar-16 | |
| Basic | 65.21 | 22.00 | 705.09 |
| Diluted | 65.21 | 22.00 | 705.09 |
From the above statements, one could find that the RLabs Enterprise Services limited Limited may perform well.
RLabs Enterprise IPO – Promoters
The Promoter of this company are:
- Renuka Tadakamalla
List of Related Parties (Key Managerial Personnel)
- Abhijit Diwan / Gaurav Khandelwal
- Babu Raphael
Interest in the promotion of the Company
Their Promoter is interested in their Company to the extent of the shareholding in their Company and any dividend
or other distribution payable, if any, by their Company. For further details of their Promoter’s shareholding, please
see chapter titled ‘Capital Structure’ on page 61 of this Draft Red Herring Prospectus. Additionally, Renuka
Tadakamalla is also interested in their Company as their Non- Executive Director and any remuneration payable to
her in such capacity
Their Promoter does not have any interest in any property acquired by or proposed to be acquired by their Company two years prior to filing of the Draft Red Herring Prospectus. Further, no property is acquired by their Company from their Promoter in the last two Fiscals, as on the date of this Draft Red Herring Prospectus
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 the approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters have not shown any interest in acquiring the intellectual rights of the company.
RLabs Enterprise IPO Offer Details or Issue Details
| Issue of Equity Shares | Up to 31,00,000 Equity Shares of Rs. 10 each fully paid-up of their Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] lakhs. |
| Of which | |
| Market Maker Reservation Portion | Up to 1,56,000 Equity Shares of Rs. 10 each fully paid-up of their Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] lakhs. |
| Net Issue to Public | Up to 29,44,000 Equity Shares of Rs. 10 each fully paid-up of their Company for cash at a price of Rs. [●] per Equity Share aggregating to Rs. [●] lakhs. |
| of which | |
| Offer for sale by promoters | Up to * Equity Shares aggregating up to Rs [●] million |
| Of which: | |
| Retail Portion | Up to 14,72,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs. [●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs |
| Non-Institutional Portion | Up to 14,72,000 Equity Shares of face value of Rs. 10/- each fully paid of the Company at a cash price of Rs. [●]/- per Equity share aggregating Rs.[●] Lakhs will be available for allocation to Investors up to Rs. 2.00 Lakhs |
| Pre and Post Issue Equity Shares |
|
| Equity Shares outstanding prior to the Offer | 83,52,531 equity shares |
| Equity Shares outstanding after to the offer | 1,14,52,531 equity shares |
| Use of Offer Proceeds | As the Offer comprises an Offer for Sale, their Company will not receive any proceeds from the Offer. |
RLabs Enterprise IPO Issue Object
- Monitoring of Utilization of Funds and
- General corporate purposes.
RLabs Enterprise 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:
- Strong Management team and Human Capital;
- Diverse range of service offerings;
- Cost competitive solutions;
- Strong customer relations with top clients
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Dec-17 | 65.21 | – | – |
| 31-Mar-17 | 22.00 | 69.71 | 31.57 |
| 31-Mar-16 | 705.09 | 79.45 | – |
- Industry P/E Ratio:
| Particulars | P/E ratio |
| Average | – |
| Highest | – |
| Lowest | – |
- Competitive Peers:
| Particulars | Face Value (in Rs.) | Capital (Rs. in cr) |
Total Income (Rs. in Crore) |
EPS (In Rs.) | P/E Ratio | NAV (In Rs.) |
| RLabs Enterprise Services Limited |
10 | – | – | 22.00 | – | 31.57 |
| Peer Group | ||||||
| TeamLease Services Limited |
10 | 17.10 | – | 42.4 | 67 | 253.1 |
| Quess Corp Limited | 10 | 145.48 | – | 17.8 | 67 | 162.3 |
Manorama Industries IPO Lead Managers
| Lead Managers |
| SAFFRON CAPITAL ADVISORS PRIVATE LIMITED
605, 6th floor, Centre Point, |
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED
1st Floor, Bharat Tin Works Building, |
Other Details:
- Statutory Auditor – M/s. Pavan & Associates, Chartered Accountants
- Bankers to the Company – Axis Bank Limited and ICICI Bank Limited.
RLabs Enterprise IPO Review by Top 10 Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 6.5/10 | 6.6/10 | 6.6/10 | 6.4/10 | 6.4/10 |
| Sharekhan | 6.7/10 | 6.4/10 | 6.6/10 | 6.1/10 | 6.2/10 |
| Kotak Securities | 6.7/10 | 6.7/10 | 6.7/10 | 6.4/10 | 6.3/10 |
| ICICI Direct | 6.6/10 | 6.3/10 | 6.7/10 | 6.5/10 | 6.5/10 |
| IIFL | 6.4/10 | 6.7/10 | 6.8/10 | 6.4/10 | 6.7/10 |
| Edelweiss | 6.7/10 | 6.4/10 | 6.4/10 | 6.3/10 | 6.7/10 |
| Zerodha | 6.5/10 | 6.4/10 | 6.7/10 | 6.4/10 | 6.5/10 |
| 5Paisa | 6.7/10 | 6.4/10 | 6.3/10 | 6.7/10 | 6.5/10 |
| Karvy | 6.8/10 | 6.3/10 | 6.7/10 | 6.4/10 | 6.0/10 |
| Motilal Oswal | 6.6/10 | 6.4/10 | 6.6/10 | 6.6/10 | 6.4/10 |
The ratings would be updated once the financials and the other details of the IPO are released.
RLabs Enterprise IPO Grey Market Premium
The RLabs Enterprise IPO Grey Market Premium is yet to be announced. It will be updated as soon as the premium rates are announced.
Open Free* Demat A/C Now! Fill the details below
Calculate your return on investment!
Asset Class
ROI (Rs.)
Profit (Rs.)
Profit (%)
IPO
Equity
Savings
Real Estate
Gold
Bonds
Fixed Deposit
Mutual Fund
Market Guide
Featured Topics