CapitalNumbers Infotech is engaged in the business of digital consulting and IT engineering offering end-to-end software development solutions to enterprises, and startups worldwide. Their company provides services in technological advancement, offering a comprehensive suite of services include Digital Engineering, Data Analytics, Artificial Intelligence/Machine Learning (AI/ML), Cloud Engineering, UI/UX Design and advanced technologies such as Blockchain and Augmented Reality/Virtual Reality (AR/VR).

CapitalNumbers Infotech, an Book Built Issue amounting to ₹ 169.37 Crores, consisting an Fresh Issue of 32.20 Lakh Shares worth 84.68 Crores and an Offer for Sale of 32.20 Lakh Shares totaling to 84.68 Crores. The subscription period for the CapitalNumbers Infotech IPO opens on January 20, 2025, and closes on January 22, 2025. The allotment is expected to be finalized on or about Thursday, January 23, 2025, and the shares will be listed on the BSE SME with a tentative listing date set on or about Monday, January 27, 2025.

The Share price band of CapitalNumbers Infotech IPO is set at ₹ 250 to ₹ 263 per equity share. The Market Capitalisation of the CapitalNumbers Infotech Limited at IPO price of ₹ 263 per equity share will be ₹ 642.42 Crores. The lot size of the IPO is 400 shares. Retail investors are required to invest a minimum of ₹ 1,05,200, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (800 shares), amounting to ₹ 2,10,400.

GYR CAPITAL ADVISORS PRIVATE LIMITED is the book running lead manager of the CapitalNumbers Infotech IPO, while MUFG INTIME INDIA PRIVATE LIMITED is the registrar for the issue. Giriraj Stock Broking Private Limited is the Market Maker for CapitalNumbers Infotech IPO.

CapitalNumbers Infotech Limited IPO GMP Today
The Grey Market Premium of CapitalNumbers Infotech Limited IPO is expected to be ₹ 65 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

CapitalNumbers Infotech Limited Day Wise IPO GMP Trend

Date	IPO Price	Expected Listing Price	GMP	Last Updated
15 January 2025	₹ 263	₹ 328	₹ 65 (24.71%)	07:00 PM; 15 Jan 2025

CapitalNumbers Infotech Limited IPO Live Subscription Status Today: Real-Time Update
As of 07:00 PM on 22th January, 2025, the CapitalNumbers Infotech IPO live subscription status shows that the IPO subscribed 125.04 times on its Final day of subscription period. Check the CapitalNumbers Infotech IPO Live Subscription Status Today at BSE.

CapitalNumbers Infotech IPO Anchor Investors Report
CapitalNumbers Infotech has raised ₹ 48.19 Crores from Anchor Investors at a price of ₹ 263 per shares in consultation of the Book Running Lead Managers. The company allocated 18,32,400 equity shares to the Anchor Investors. Check Full List of CapitalNumbers Infotech Anchor Investor List.

Note:- Equity Shares allotted to Anchor Investors (if any) are allotted from Qualified Institutional Buyers (QIBs) reservation portion.
Note:- The Number of shares offered shown IPO subscription section table is calculated at the lower end of the price band and Number of shares calculated in IPO details table section is calculated at upper end of the price band in case of Book Building Issue, so there can be difference. This is because we assume shares will be issued by the company at upper band as Anchor Investors also subscribe at upper band and shares will be issued at lower band only if in case of undersubscription of IPO.
Note:- Market Maker portion (if any) are not shown separately in subscription table and included in NIIs reservation portion

CapitalNumbers Infotech Limited IPO Allotment Date - Step by Step Guide to Check Allotment Status Online
CapitalNumbers Infotech IPO allotment date is 23 January, 2025, Thursday. CapitalNumbers Infotech IPO Allotment will be out on 23rd January, 2025 and will be live on Registrar Website from the allotment date. Check CapitalNumbers Infotech IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select CapitalNumbers Infotech Limited IPO from the dropdown list of IPOs
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of CapitalNumbers Infotech Limited IPO
CapitalNumbers Infotech proposes to utilise the Net Proceeds towards the following objects: 
1. ₹ 1,782.00 Lakh is required for Technical Advancement of leading-edge technology
2. ₹ 1,500.00 Lakh is required for Increase in Spending on business developments
3. ₹ 500.00 Lakh is required for Investment in Subsidiary
4. Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes
5. To Achieve the benefits of listing the Equity Shares on the Stock Exchanges; and
6. To carry out the Offer for Sale of up to 32,20,000 Equity Shares by the Promoter Selling Shareholders.

Refer to CapitalNumbers Infotech Limited RHP for more details about the Company.

Check latest IPO Review & analysis, Live IPO GMP today, Live IPO Subscription Status Today, Share Price, Financial Information and other details before applying in the IPO.

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About CapitalNumbers Infotech Limited

BUSINESS OVERVIEW

CapitalNumbers Infotech Company is a global leader in digital consulting and IT engineering, delivering end-to-end software development solutions to enterprises and startups worldwide. The company specializes in Digital Engineering, Data Analytics, AI/ML, Cloud Engineering, UI/UX Design, and advanced technologies like Blockchain and AR/VR. With over 500 IT professionals serving 250+ clients globally from locations across India, the organization ensures ISO:9001, ISO:27001, and SOC 2 Type II certified quality standards.

Expertise spans Cloud, Mobile, DevOps, Data Engineering, and Application Development using React, Angular, .NET, Python, Node, PHP, and Java. The company provides customer-centric, transformative digital solutions, including software system development, maintenance, and application enhancement.

Recognized with accolades such as Economic Times Best Tech Brands 2024, Times Business Award 2024 – IT Services, Financial Times High-Growth Companies – Asia Pacific 2024 & 2023, and Clutch Top 1000 B2B Companies (2022-2024), among others, these achievements highlight a commitment to excellence and innovation. As of September 30, 2024, the company has 447 employees including senior executives, engineers, developers and administrative staff. The Bankers to the Company are HDFC Bank Limited and ICICI Bank Limited.

INDUSTRY ANALYSIS

Indian IT Industry
The IT & BPM sector has become one of the most significant growth catalysts for the Indian economy, contributing significantly to the country’s GDP and public welfare. The IT industry accounted for 7.4% of India’s GDP in FY22, and it is expected to contribute 10% to India’s GDP by 2025. As innovative digital applications permeate sector after sector, India is now prepared for the next phase of growth in its IT revolution. India is viewed by the rest of the world as having one of the largest Internet user bases and the cheapest Internet rates, with 76 crore citizens now having access to the Internet.

The current emphasis is on the production of significant economic value and citizen empowerment, thanks to a solid foundation of digital infrastructure and enhanced digital access provided by the Digital India Programme. India is one of the countries with the quickest pace of digital adoption. This was accomplished through a mix of government action, commercial innovation and investment, and new digital applications that are already improving and permeating a variety of activities and different forms of work, thus having a positive impact on the daily lives of citizens. India’s rankings improved six places to the 40th position in the 2022 edition of the Global Innovation Index (GII).

India's IT industry is likely to hit the US$ 350 billion mark by 2026 and contribute 10% towards the country's gross domestic product (GDP), Infomerics Ratings said in a report. According to National Association of Software and Service Companies (Nasscom), the Indian IT industry’s revenue touched US$ 227 billion in FY22, a 15.5% YoY growth and was estimated to have touched US$ 245 billion in FY23. As per a survey by AWS (2021), India is expected to have nine times more digitally skilled workers by 2025. This indicates that a total of ~ 3.9 billion digital skill trainings are expected by 2025. India will need 30 million digitally skilled professionals by 2026.

The IT industry added 4.45 lakh new employees in FY22, bringing the total employment in the sector to 50 lakh employees. India’s technology industry is on track to double its revenue to US$ 500 billion by 2030.

Direct employment in the IT services and BPO/ITeS segment is estimated to reach 5.4 million in FY23 with an addition of 290,000 people. The IT-BPM services revenue reached US$ 194 billion in FY21. In 2022, the Indian domestic IT & Business Services market was valued at US$ 13.87 billion and recorded a 7.4% year-over-year (YoY) growth as compared to 7.2% in 2021.

By 2025-26, India is expected to have 60–65 million jobs that require digital skills, according to a Ministry of Electronics & IT report titled "India's trillion-dollar digital opportunity." ▪ In November 2021, Mr. Piyush Goyal, Minister of Commerce and Industry, Consumer Affairs, Food and Public Distribution and Textiles, lauded the Indian IT sector for excelling in its competitive strength with zero government interference. He further added that service exports from India had the potential to reach US$ 1 trillion by 2030. Spending on information technology in India is expected to reach US$ 144 billion in 2023. The cloud market in India was expected to grow three-fold to US$ 7.1 billion by 2022 with the help of growing adoption of big data, analytics, artificial intelligence and the Internet of Things (IoT), according to Cloud Next Wave of Growth in India report. India’s digital economy is estimated to reach US$ 1 trillion by 2025. Artificial Intelligence (AI) is expected to boost India's annual growth rate by 1.3% by 2035, according to NITI Aayog. The Karnataka government signed three MoUs worth US$ 13.4 million to help the state's emerging technology sector.

As an estimate, India’s IT export revenue rose by 9% in constant currency terms to US$ 194 billion in FY23. Export of IT services was the major contributor, accounting for more than 53% of total IT exports (including hardware). BPM and engineering and R&D (ER&D) and software products exports accounted for 22% and 25%, respectively of total IT exports during FY23.

BUSINESS STRENGTHS

1. Customer Satisfaction and Long-Term Relationships
Strong, long-standing ties with global clients are driven by the critical role of services and technological expertise in client businesses. Multi-layered collaborations across departments and divisions, combined with diverse offerings, enable cross-selling and client acquisition. Senior management reviews ensure feedback and future opportunities, while tailored solutions cater to varied business needs.

2. Scalable Business Model for Steady Growth
A profitable and scalable order-driven model focuses on resource optimization, client satisfaction, and innovation. Growth is driven by market expansion, advanced offerings, and adherence to quality standards. With 100% export revenue from a robust global presence, the company aligns with technological advancements to drive sustained growth.

3. Diversified Revenue Across Industries
A diverse revenue stream from multiple geographies ensures resilience and adaptability. Export-driven income across industries allows tailored solutions that meet sector-specific needs, keeping services relevant and impactful in a constantly evolving technological landscape

BUSINESS STRATEGIES

1. Acquiring New Accounts and Deepening Key Relationships
Long-standing client relationships are built through deep understanding of customer behavior, preferences, and trends. Research, consultations, and market scans enable integration into clients' growth strategies, fostering multi-project engagement.

2. Attracting and Retaining Highly-Skilled Employees
A high-performing workforce is prioritized through robust recruitment, development, and retention programs. An innovative work environment and competency training ensure employees contribute effectively from day one, enhancing service quality and customer experience.

3. Strategic Investments and Expansions
Planned development centers across India leverage local talent, while a new sales office in the Netherlands strengthens European presence. A dedicated EU client service director enhances growth and service standards in the region.

4. Enhancing Efficiency and Resource Utilization
Custom software solutions and partnerships streamline product delivery and reduce engineering risks. Investments in robust systems and regular policy reviews optimize processes, maximize efficiency, and ensure swift responses to client demands

BUSINESS RISK FACTORS

1. Dependence on US and UK Markets
A significant portion of revenues originates from the United States and United Kingdom, accounting for over 69% of operational revenue in recent years. Adverse developments in these markets, including competition, regulatory changes, and demand fluctuations, could negatively impact business performance.

2. Exposure to Global Regulatory Risks
Operating in multiple countries, including the USA, UK, Switzerland, and Australia, requires compliance with diverse and sometimes conflicting regulations. These include laws related to trade, taxation, data protection, labor relations, and anti-corruption, which pose significant operational challenges.

3. Risks from Open Source Software Usage
The incorporation of third-party open source software into client deliverables may expose the business to intellectual property claims. Customers may face lawsuits, and contractual obligations to indemnify them could create liabilities. Customer consent requirements for open source software usage add further complexity.

NOTE : CapitalNumbers Infotech faces three key risks: heavy dependence on the US and UK markets, challenges in complying with global regulatory frameworks, and potential liabilities from using third-party open source software. Addressing these risks effectively is critical for sustaining business growth and client trust.