IPO GMP | Keep your money ready, IPO shares will be available in gray market, will generate huge earnings as soon as it gets listed.
IPO GMP Capital Numbers Infotech, which provides digital consulting and IT engineering services, will open its IPO on January 20. The company will raise Rs 169.37 crore through IPO. Investors can invest in IPO till January 22. This will be the largest SME IPO so far in the current calendar year.
so many shares to sell
Capital Numbers Infotech's IPO will issue 32.20 lakh new shares worth Rs 84.69 crore. Apart from this, 32.20 lakh shares worth Rs 84.69 crore will be sold through offer for sale. Promoters Mukul Gupta, Vipul Gupta and Harpreet Gupta, who hold 99.99% stake in the company, will sell shares in the OFS. The price range for the IPO has been fixed at Rs 250 to Rs 263 per share.
Where will the funds be used?
Shares will be distributed to successful investors on January 23. Shares of Capital Numbers Infotech will be listed on BSE SME on January 27. The company will use the funds for technological advancements, business development, investments in subsidiaries, inorganic growth and general corporate purposes. GR Capital Advisors is acting as merchant banker for the issue.
company business
Capital Number Infotech provides software development solutions to industries and startups across the globe. There are over 500 IT professionals and consultants serving over 250 clients worldwide. The company will compete with listed companies like Info Beans Technologies and Silver Touch Technologies.
financial performance
The West Bengal-based IT firm has reported a net profit of ₹26 crore in FY24. This is 50 percent more than the previous financial year 2023. During the same period, revenue increased 6 per cent to Rs 98.2 crore from Rs 92.6 crore. In the first half of the current financial year, the company made Rs 13.67 crore and revenue of Rs 50.2 crore.
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