Kandarp Digi Smart BPO IPO Details & Guidance

Kandrap Digi listing Details
The scrip listed at NSE Emerge on 28.09.2022
Issue price Rs. 30
Listed at     Rs. 30
Day high    Rs. 30
Day low      Rs.28.50
Closed at    Rs.28.50

Grey Market News for Kandarp Digi Smart BPO IPO#
On 28 September 2022
Grey Market Premium:  Rs. 2 seller

Kandarp Digi Smart BPO IPO Subscription Status
On 20 September 2022 @ 5.00 pm
NII 1280000 Shares: 0.88 T
RII  1280000 Shares: 2.99 T
Tot 25,60,000 Shares: 1.84 T

Kandarp Digi Smart BPO IPO Details
IPO Date September 16, 22 to September 20, 2022
IPO Face Value Rs 10 per share
IPO Price Rs 30 per share
IPO Lot Size 4000 Shares
Issue Size 27,00,000 shares of Rs 10
(Aggregating up to Rs 8.10 Cr)
Fresh Issue 27,00,000 shares of Rs 10
(Aggregating up to Rs 8.10 Cr)
Offer for Sale – shares of Rs 10
(Aggregating up to Rs – Cr)
Issue Type Book Built IPO
Listing At NSE SME
RII: 50% of the net offer

Retail Quota: 50 % / 1280,000 Shares

Minimum 4000 Rs 120,000
Maximum 4000 Rs 120,000
320 Applications required for onetime subscriptions.

Kandarp Digi Smart BPO IPO Timetable 
IPO Opening Date: September 16, 2022
IPO Closing Date: September 20, 2022
Basis of Allotment: September 23, 2022
Initiation of Refunds: September 26, 2022
Credit of Shares to Demat : September 26, 2022
IPO Listing Date: September 28, 2022

Kandarp Digi Smart BPO Business:

Kandarp Digi Smart BPO Limited is engaged in BPO services specializing in the area of support services solutions. The Company provides wide ranges of support services such as Call Centre, Contact Point Verifications, Site Visits, Document check/Pickup, E-KYC, Skip Tracing, Employee Back Check, Staffing Solutions, Payroll Management, Payment Collections (soft), AMC Booking Services etc. to its clients and specializes in providing End to End solutions to customers/clients. It believes in providing efficient and accurate services which is core value of the organization. Its services are focussed towards delivering outstanding results for its clients. It adapts its outstanding services to cater to the specific needs of business and assist in achieving business goals.

The company is in the current line of business for more than 20 years and the client lists includes various banks, insurance companies, financial service companies, etc. Also, it helps its clients with its voice support services, field support services and Back Office Processing Services to provide a comprehensive range of services across all industry sectors to clients who are in need of specialist assistance

For more information about the company, Click Website: www.kdsbpo.com

Promoters of Kandarp Digi Smart BPO
MR. SUNIL KUMAR RAI, MRS. MEENAKSHI PATHAK & M/s Reliable Data Services ltd

Kandarp Digi Smart BPO: Objects of the IPO
for working capital requirements

Registered office of Kandarp Digi Smart BPO
GF-22 Hans Bhawan, Bahadur Saha Zafar Marg, New Delhi-110002, Delhi, India
Company Secretary and Compliance Officer: Ms. Niharika Gupta

Lead Manager of Kandarp Digi Smart BPO IPO
Beeline Capital Advisors Pvt Ltd.

SME IPO Financial & Analytical Ratios#
Earnings per Share 2019-20 Rs 1.78
Earnings per Share 2020-21 Rs 0.17
Earnings per Share 2021-22 Rs 1.14 (9M)
Return on Net Worth: 19-20: 16.17 %
Return on Net Worth: 20-21: 1.51 %
Return on Net Worth: 21-22: 9.22 % (9M) 
Book Value of the Share as on 31.12.21 Rs 12.32
NAV after the IPO Rs. (?)
Offer Price Rs. 30

IPO Peer Comparison:
Firstsource Solutions @ PE Ratio of 17.89
3. Eclerx Services @ PE Ratio of 28.47

Observation by Paresh Gordhandas (Research Analyst)

Will update soon.

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