Xelpmoc Design and Tech IPO – Review, Allotment, Subscription, GMP & DRHP
Last Updated Date: Nov 16, 2022Xelpmoc Design and Tech Limited is a provider of professional and technical consulting services, offering technology services and end-to-end technology solutions and support. The Company clients range from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, etc. Xelpmoc Design and Tech IPO comprises of X Equity shares, face value of Rs.10 each.
Let’s have a detailed review of the company and analytics of the Xelpmoc Design and Tech IPO release date, IPO offer price, subscription, Xelpmoc Design and Tech IPO allotment, grey market price and other details like the company’s background, its financial positions, its promoters and other related things.
- Issue Price of this IPO is Rs 62 – Rs 66 . Check the Live Share Price here Xelpmoc Design & Tech Share Price
- To track the performance of this IPO, click on this link – IPO Performance
Xelpmoc Design and Tech IPO Review & Ratings
| IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 7.5/10 |
| Industry Ranking | 7.8/10 |
| Company Background | 7.9/10 |
| Company Reputation | 7.9/10 |
| Competitive Edge | 7.7/10 |
| Financial Statements | 5.8/10 |
| Popularity Index | 6.4/10 |
| Promoters Reputation | 7.7/10 |
| Retail Appetite | 7.9/10 |
| Top Brokers Review | 7.9/10 |
| Overall Ratings | 7.7/10 |
| Star Ratings | ★★★★☆ |
Summary of Xelpmoc Design and Tech Limited IPO
Xelpmoc Design and Tech Limited are a provider of professional and technical consulting services, offering technology services and end-to-end technology solutions and support. The Company clients range from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries. The Issue comprises of a Public Issue of X Equity shares of face value of Rs.10.00 each fully paid up.
From FY 2016-17 to FY 2017-2018, as per the Restated Financial Statements,
From fiscal 2017 to 2018, company’s revenue from operations has increased at a growth rate of 158.50% respectively.
For the period ended March 31, 2018 and FY 2017-16, its revenue from operations was Rs. 48,700.34 Lakhs and Rs. 18,838.96 Lakhs respectively representing growth of 158.50 % from the FY 2018-17 to FY 2017-16. For the period ended March 31, 2018 and FY 2017-16 our net profit/loss was Rs. (35,256.54) Lakhs and Rs. (28,504.58) Lakhs, respectively.
- During the financial year 2017-18 the Other Income of our company increased to Rs. 610.04 Lakhs as against Rs 396.51 Lakhs for the financial year 2016-17, representing increase by 53.85% due to increase in interest income & insurance claim in FY 2017- 18.
- Company’s Net Profit/loss after tax for the year 2018-17 is Rs (35,032.34) Lakhs from the year 2017-16 of Rs. (28,559.32) Lakhs .
The Promoter of this company is Sandipan Chattopadhyay, Srinivas Koora and Jaison Jose. The lead manager to the issue is ITI Capital Limited and the Registrar to this issue is Karvy Computershare Private Limited .
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Xelpmoc Design and Tech IPO Date
The opening and the closing date of Xelpmoc Design and Tech Limited IPO is Jan 23, 2019 to Jan 25, 2019.
Xelpmoc Design and Tech IPO Subscription
| Day / Date | QIB | NII | RII | Total Subscription |
| Day 1: Jan 23 | 0.73x | 0.04x | 0.25x | 0.45x |
| Day 2: Jan 24 | 1.22x | 1.66x | 0.79x | 1.26x |
| Day 3: Jan 25 | 1.22x | 1.91x | 1.48x | 1.46x |
| Day 4 | – | – | – | – |
| Offered Shares | 1,112,904 | 556,451 | 370,967 | 2,040,322 |
The shares subscribed by the public is updated.
Xelpmoc Design and Tech IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
| Basis of Allotment Finalization | 30-Jan-19 |
| Refunds Initiation | 31-Jan-19 |
| Credit of Shares to Demat Account | 1-Feb-19 |
| Share Listing Date | 4-Feb-19 |
Xelpmoc Design and Tech IPO Price Band
The face value of each share is Rs 10, but the price band of the IPO is is Rs 62 – Rs 66.
Xelpmoc Design and Tech IPO Equity Share Offering
X Equity Shares of Rs 10/- each (including anchor portion of 15,68,181 Equity Shares) but Issue Price is Rs 62 – Rs 66 and Discount of Rs 3/- shall be provided to Retail Investors. The Maximum Bid Quantity is 20,40,200 and the Minimum Bid Quantity is 200.
| Bid Quantity | Bid Amount in Rs. | Cumulative Quantit | Subscription (in %) |
| 500 | 24 | 500 | 16.67% |
| 1000 | 23 | 1500 | 50.00% |
| 1500 | 22 | 3000 | 100.00% |
| 2000 | 21 | 5000 | 166.67% |
| 2500 | 20 | 7500 | 250.00% |
Xelpmoc Design and Tech Limited – Company Overview
Xelpmoc Design and Tech Limited is a provider of professional and technical consulting services, offering technology services and end-to-end technology solutions and support. The Company clients range from entrepreneurs and start-up enterprises to established companies, engaged in e-commerce, transportation and logistics, recruitment, financial services, social networking, and various other industries .
The Company commenced operations in Bengaluru, India, in 2015 and have since serviced enterprises across four states in India. The business operations may broadly be categorized as technology services, and technology solutions products. The Company also occasionally provide business support to some of their clients to enable them to set-up their operations.
The Company believe that they are among the few technology service providers with accessibility to domain experts. They benefit from the expertise and experience of their Promoters and senior management in a range of sectors including financial services, retail, media and entertainment, and business services.
The Company is promoted by Sandipan Chattopadhyay, Srinivas Koora and Jaison Jose and is the guiding force behind the growth and strategic decisions of the Company.
Competitive Strengths of Xelpmoc Design and Tech Limited:
- End-to-end solutions and support
- Accessibility to domain experts
- Organization structure that enhances client service
- Experienced management and entrepreneurial culture
Business strategies of Xelpmoc Design and Tech Limited:
- Grow our business by enhancing our technological capabilities and expanding our domain expertise
- Expand our operations in other geographies
- Cross-sell and up-sell to our existing client base
- Continue to focus on public sector clients while building private sector client base
- Evaluate strategic acquisition and alliance opportunities
- Strengthen and support human capital
Xelpmoc Design and Tech Limited – 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 & Lakhs) | ||
| 31-Mar-18 | 31-Mar-17 | |
| Total Assets | 246,0.42 | 1872.07 |
| Total Revenue | 493.10 | 192.35 |
| Total Expense | 848.97 | 477.15 |
| Profit After Tax | (350.32) | (285.59) |
Earnings per Equity Shares
| 31-Mar-18 | 31-Mar-17 | 31-Mar-16 | |
| Basic & Diluted | -3.72 | -5.18 | -4.62 |
From the above statements, one could find that the Xelpmoc Design and Tech Limited may not perform well.
Xelpmoc Design and Tech IPO – Promoters
The Promoter of this company are:
- Sandipan Chattopadhyay
- Srinivas Koora
- Jaison Jose
List of Related Parties (Key Managerial Personnel)
- Tushar Trivedi
- Sandipan Chattopadhyay
- Srinivas Koora
- Jaison Jose
- Bhavna Chattopadhyay
- Premal Meht
Interest in promotion of the Company
Company is currently promoted by the Promoters in order to carry on its present business. Promoters are interested in the Company to the extent of their shareholding and directorship of the Individual Promoter in the Company and the dividend declared, if any, by the Company. The Promoters are interested in the transactions entered into the Company and the Promoter Group.
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 approval of the majority shareholders vote.
Interest in Intellectual Rights of the Company
Promoters has not shown any interest in acquiring the intellectual rights of the company.
Xelpmoc Design and Tech IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to [●] Equity Shares aggregating to Rs. 230,000 thousand |
| Of which: | |
| (a) QIB Portion Up to | [●] Equity Shares |
| Of Which; | |
| Anchor Investor Portion | Up to [●] Equity Shares |
| Of which: | |
| Net QIB Portion (assuming Anchor Investor Portion is fully subscribed) |
[●] Equity Shares |
| Balance of QIB Portion for all QIBs including Mutual Funds | [●] Equity Shares |
| Retail Investors Portion | Not more than [●] Equity Shares |
| Non-Retail Investors Portion | Not more than [●] Equity Shares |
| Equity Shares outstanding prior to the Issue | 10,203,856 Equity Shares |
| Equity Shares outstanding after the Issue | [●] Equity Shares |
Xelpmoc Design and Tech IPO Issue Object
These are the IPO Issue Objects of the company;
- Purchase of IT hardware and network equipment’s for development centers in Kolkata and Hyderabad;
- Purchase of fit outs for new development centers in Kolkata and Hyderabad;
- Funding working capital requirements of our Company;
- General corporate purposes
Xelpmoc Design and Tech 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:
- End to end solutions support
- Accessibility to domain experts
- Organisational structure that enhances client service
- Experienced management and entrepreneurial culture
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-16 | 4.62 | 114.84 | – |
| 31-Mar-17 | 5.18 | 35.38 | – |
| 31-Mar-18 | 3.72 | 21.69 | 29.30 |
Xelpmoc Design and Tech IPO Lead Managers
| Lead Managers |
| ITI Capital Limited (formerly known as Inga Capital Limited) Naman Midtown, ‘A’ Wing, 21st Floor, Senapati Bapat Marg, Elphinstone (West) Mumbai – 400 013, Maharashtra, India. Tel: +91 22 4031 3489, Fax: +91 22 4031 3379 Email: xelp.ipo@iticapital.in Investor Grievance Email: investorgrievance@iticapital.in Website: www.iticapital.in Contact Person: Pallavi Shinde SEBI Registration Number: INM000010924* *Application made to SEBI for change of name |
Xelpmoc Design and Tech IPO Registrar to offer
| Registrar to the Offer |
| Karvy Computershare Private Limited Karvy Selenium Tower B, Plot 31-32, Gachibowli Financial District, Nanakramguda, Hyderabad – 500 032, Telangana, India. Tel: +91 40 6716 2222, Fax: +91 40 2343 1551 Email: einward.ris@karvy.com Investor grievance email: xelpmoc.ipo@karvy.com Website: www.karisma.karvy.com Contact Person: M Murali Krishna SEBI Registration No.: INR000000221 |
Other Details:
- Statutory Auditor – JHS & Associates LLP, Chartered Accountants (formerly known as NMAH & Associates LLP)
- Peer Review Auditor – JHS & Associates LLP, Chartered Accountants (formerly known as NMAH & Associates LLP)
- Bankers to the Company – Axis Bank Limited
Xelpmoc Design and Tech 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 |
Xelpmoc Design and Tech IPO Grey Market Premium
The Xelpmoc Design and Tech IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is X.
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Xelpmoc Design and Tech IPO News
News 1 – IPO ISSUE OPENS SOON (Download Prospectus)
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