Xelpmoc Design and Tech IPO – Review, Allotment, Subscription, GMP & DRHP

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, etc. Xelpmoc Design and Tech IPO comprises of [●] 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.


Xelpmoc Design and Tech IPO Review & Ratings

IPO Ratings & Review
CriteriaRatings
Industry Sentiments7.5/10
Industry Ranking7.8/10
Company Background7.9/10
Company Reputation7.9/10
Competitive Edge7.7/10
Financial Statements5.8/10
Popularity Index6.4/10
Promoters Reputation7.7/10
Retail Appetite7.9/10
Top Brokers Review7.9/10
Overall Ratings7.7/10
Star Ratings★★★★☆

Summary of Xelpmoc Design and Tech Limited   IPO

Xelpmoc Design and Tech IPOXelpmoc 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 [●] 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 not known yet.


Xelpmoc Design and Tech IPO Subscription

Day / DateQIBNIIRIITotal 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.


Xelpmoc Design and Tech IPO Allotment Status

Here, you can find the Allotment Status of this IPO.


Xelpmoc Design and Tech IPO Price Band

The face value of each share is Rs 10, but the price band of the IPO is not yet disclosed. 


Xelpmoc Design and Tech IPO Equity Share Offering

  [●]  Equity Shares of Rs 10/- each but Issue Price is yet to be disclosed .


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-1831-Mar-17
Total Assets246,0.421872.07
Total Revenue493.10192.35
Total Expense848.97477.15
Profit After Tax(350.32)(285.59)

Earnings per Equity Shares

31-Mar-1831-Mar-1731-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:

  1. Sandipan Chattopadhyay
  2. Srinivas Koora 
  3. 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 ₹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 PortionNot more than [●] Equity Shares
 Equity Shares outstanding prior to the Issue10,203,856 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

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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 EPSRONW (%)NAV (Rs.)
31-Mar-164.62114.84
31-Mar-175.1835.38
31-Mar-183.7221.6929.30

 


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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:
Investor Grievance Email:
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:
Investor grievance email:
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 ReviewCompany ReputationCompetitive EdgeFinancial StatementPopularity IndexPromoters Reputation
Angel Broking7.5/107.4/108.5/108.1/107.1/10
Sharekhan7.2/107.1/108.6/108.1/107.2/10
Kotak Securities7.3/107.5/108.4/108.1/107.3/10
ICICI Direct7.3/107.3/108.7/108.1/107.1/10
IIFL7.5/107.2/108.8/108.0/107.1/10
Edelweiss7.5/107.4/108.4/108.3/107.2/10
Zerodha7.4/107.1/108.5/108.1/107.0/10
5Paisa7.1/107.1/108.4/108.1/107.1/10
Karvy7.4/107.3/108.2/108.1/107.1/10
Motilal Oswal7.1/107.1/108.6/108.3/107.2/10

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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