Capital Numbers Infotech, the digital consulting and IT engineering services provider, is set to hit Dalal Street with its Rs 169-crore initial share sale on January 20. This is the biggest SME IPO in the current calendar year so far.
The company will open its anchor book for institutional investors on January 17, while the issue will close for public subscription on January 22.
The share allotment will be finalised by the company in consultation with merchant bankers by January 23, while the trading in Capital Numbers Infotech shares will commence on the BSE SME, effective January 27.
The initial public offering (IPO) consists of fresh issue and an offer-for-sale of up to 32.2 lakh equity shares each. Promoters Mukul Gupta, Vipul Gupta, and Herprit Gupta, who hold 99.99 percent shareholding in the company, will be the selling shareholders in the offer-for-sale.
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Capital Numbers Infotech that offers software development solutions to enterprises, and startups worldwide will spend fresh issue proceeds for the technical advancement of leading-edge technology, business developments, investment in subsidiary, inorganic growth, and general corporate purposes.
The company, which has more than 500 IT professionals and consultants to serve more than 250 clients worldwide, competes with listed peers like Info Beans Technologies, and Silver Touch Technologies.
On the financials front, the West Bengal-based IT firm has reported net profit at Rs 26 crore for the fiscal 2024, growing 50 percent over the previous fiscal 2023, and revenue during the same period grew by 6 percent to Rs 98.2 crore, from Rs 92.6 crore. Profit in the first half of current financial year stood at Rs 13.67 crore on revenue of Rs 50.2 crore.
Also read: Shanti Gold International files IPO papers to raise funds for facility expansion, working capital
GYR Capital Advisors is acting as the merchant banker to the issue.
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