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Sebi nod : SSBA Innovations which  had filed its IPO documents on 2nd August 2022 has received SEBI nod on 24 August 2022 and now soon the company is expected to enter the IPO market . Due to its very small size, the IPO is expected to received huge oversubscription

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SSBA Innovations IPO Company Details
SSBA Innovations is a technology-driven financial solutions and services platform focusing on providing end-to-end financial solutions in the area of tax planning and filing, personal investment advisory and wealth building to individuals, HUF, professionals, firms, and companies registered on its platforms (jointly referred to as the “Users”) in India.
The Company was incorporated on August 14, 2017 and thereafter it started working towards developing its product offerings in-house. Its first platform, TaxBuddy was launched in October, 2019, that offers assisted tax (ITR and GST) planning and filing, advisory and IT Notice Management (“Tax Solutions”) and subsequently, its second platform, Finbingo was launched in May 2022, that offers financial solutions including planning, advisory and wealth management (“Financial Solutions”). Over the years, it has transformed from being an online tax filing platform to a one-stop-shop for end-to-end Tax Solutions and Financial Solutions provider at an affordable cost. According to Fitch, TaxBuddy also has over 5,600 google reviews with 4.9 rating on google reviews. The platforms have an ISO 9001:2015 certificate for quality management system for providing AI based automated platform for service for filing of tax returns and wealth management by two module as taxbuddy.com and finbingo.com.

It also provides certain complementary services like tax calculator and access to direct mutual funds, to its Users on its platforms. Upon subscribing to the relevant subscriptions available on its platforms, its Users get converted to its subscribers . It also provides free accidental insurance policies to its Subscribers as a part of value added services with the subscription plans offered through TaxBuddy, for which it has availed a group total protect policy with one of the insurance companies.
Its unique product offerings, inclusive of expert tax advice at optimal costs by way of leveraging technology, allows its Customers to have more control on personal tax and GST compliance, including but not limited to, personal finance and tax planning, goal based investments and investment portfolio tracking and analysis It offers its services mainly under two tech enabled platforms, developed in-house:
a. TaxBuddy:
This is an online platform available on mobile app, web browser as well as WhatsApp, which enables its Subscribers to file tax returns (ITR and GST) with the assistance of our tax experts,
It has also entered into an arrangement with some e-commerce platform enabler companies, through which it provides tax compliance services and other services to their customers through TaxBuddy.
For more information, click www.ssbainnovations.com

The Promoters
Sujit Sudhakar Bangar And Atul Umakant Rege

SSBA Innovations IPO Main Objects
The Offer comprises of fresh Issue and offer for share.
The net proceeds of the IPO is proposed to be utilised for
1. User acquisition and business development
2. Technological development

SSBA Innovations IPO Details
IPO opens on (?) , 2022
IPO closes on (?) ,2022
Issue Type: Book Built Issue IPO
Issue : up to ? Shares /Rs 105 Crore
* Fresh Issue of (?) Sh/ 105 Cr
* Offer for Sale Up to (?) Sh/ Rs. 200 Cr

Face Value per share : Rs. 2
SSBA Innovations IPO Price Band Per Equity Share: Rs. (?)
SSBA Innovations IPO Retail Lot Size (?) Shares
SSBA Innovations IPO Listing will at BSE,NSE

Shares offered to
QIB (50%) (?) Shares = Rs 262.50 Cr
NII (15%) Shares = Rs 78.75 Crs
RII (35%) Shares = Rs 183.75 Crs
Lot size: (?) Shares = (?) Forms
Min Retail Application : (?) Sh , Rs. (?)
Max Retail Application : (?) Sh, Rs (?)

SSBA Innovations IPO Tentative Time Table
IPO opens on
IPO Closes on
IPO Allotment on ? 2022
Unblocking of ASBA ? 2022
Credit to Demat Accounts ? 2022
SSBA Innovations Listing on ? 2022

SSBA Innovations IPO Financial & Analytical Ratios
Earnings per Share 2019-20 Rs (1.14)
Earnings per Share 2020-21,Rs (3.97)
Earnings per Share 2021-22 Rs (10.73)
Return on Net Worth: 19-20 (8.02) %
Return on Net Worth: 20-21: (37.81) %
Return on Net Worth: 20-21 : ( 149.30) %
Equity Shares prior to the IPO : 99,94,228 Shares
Book Value of the Share as on 31.3.2022 Rs 7.19
Book Value of the Share as on 30.11.2021 Rs (?)
NAV per Equity Share after the Offer ?

Ratio Analysis
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio
Upper offer price/BV after IPO Ratio:

SSBA Innovations IPO Peer Comparison:
There are no listed companies in India that are comparable in all aspects of business and services that the company provides. Hence, it is not possible to provide an industry comparison in relation to this Company.

IPO Lead Manager
Systematix Corporate Services Limited
Registrar to IPO
MAS Services Limited

Registered Office of SSBA Innovations
1309, Lodha Supremus Powai, Saki Vihar Road, Opp. MTNL Office, Mumbai – 400 072, Maharashtra, India
Company Secretary & Compliance Officer : Supriya Vijay Utekar

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