RLabs Enterprise IPO – Review, Allotment, Subscription, Price, Date & more

RLabs 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

RLabs Enterprise IPOTheir 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


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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:

  1. 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.

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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

 


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Manorama Industries IPO Lead Managers

Lead Managers
SAFFRON CAPITAL ADVISORS PRIVATE LIMITED

605, 6th floor, Centre Point,
Andheri Kurla Road, J.B. Nagar, Andheri (East),
Mumbai – 400 059, Maharashtra, India.
Telephone: +91 22 4082 0901/0915
Facsimile: +91 22 4082 0999
E-mail:
Website: www.saffronadvisor.com
Investor grievance:
Contact Person: Abhijit Diwan/Gaurav Khandelwal
SEBI Registration Number: INM 000011211
Validity of Registration: Permanent

 

Registrar to the Offer
BIGSHARE SERVICES PRIVATE LIMITED

1st Floor, Bharat Tin Works Building,
Opposite Vasant Oasis, Makwana Road, Marol,
Andheri (East), Mumbai – 400 059, Maharashtra, India.
Telephone: +91 22 6263 8200
Facsimile: +91 22 6263 8299
E-mail:
Website: www.bigshareonline.com
Investor grievance:
Contact person: Babu Raphael
SEBI Registration No: INR000001385
Validity of Registration: Permanent


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.


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RLabs Enterprise IPO News

News 1 – IPO ISSUE OPENS SOON (Download Prospectus)

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