CapitalNumbers Infotech IPO subscribed 18.81 times on Day 3. Check GMP and other details
Team Finance Saathi
22/Jan/2025
What's covered under the Article:
- CapitalNumbers Infotech IPO: A comprehensive review of subscription status, listing trends, and GMP for 2025.
- Details of the IPO subscription, including anchor investors and the allotment date.
- The financial outlook of CapitalNumbers Infotech, and how the IPO presents a potential for listing gains.
CapitalNumbers Infotech, a digital consulting and IT engineering firm, offers end-to-end software development solutions. The company provides services in areas like Digital Engineering, Data Analytics, AI/ML, Cloud Engineering, UI/UX Design, and emerging technologies such as Blockchain and AR/VR. The company's leadership, including CEO Mr. Mukul Gupta, brings years of expertise in the IT sector, ensuring the company’s success in delivering cutting-edge digital solutions.
IPO Details
The CapitalNumbers Infotech IPO is a Book Built Issue, amounting to ₹169.37 Crores. This includes a fresh issue of 32.20 Lakh shares worth ₹84.68 Crores and an offer for sale of the same number of shares, totaling ₹84.68 Crores. The IPO opened on January 20, 2025, and will close on January 22, 2025. Shares are expected to list on the BSE SME on January 27, 2025. The share price band is ₹250 to ₹263 per share, with the expected market capitalisation at the top end of ₹642.42 Crores. The lot size for the IPO is 400 shares, with a minimum investment for retail investors being ₹1,05,200.
Grey Market Premium (GMP) & Subscription Status
As of January 22, 2025, the CapitalNumbers Infotech IPO is subscribed 18.21 times. The Grey Market Premium (GMP) for this issue is ₹65, translating to an expected listing gain of 24.71%. This signals strong investor interest and suggests potential for significant listing gains.
Financial Overview
The company has shown consistent growth in its revenues, with total revenue from operations reaching ₹5,165.79 Lakh for the period ending on September 30, 2024. The company’s EBITDA for FY24 is ₹1,877.36 Lakh, showing robust operational efficiency. The company has maintained a solid profit trajectory with a profit after tax (PAT) of ₹1,365.03 Lakh for FY24.
Investment Insights
CapitalNumbers Infotech’s IPO is being led by GYR Capital Advisors Private Limited as the book running lead manager, with MUFG Intime India Private Limited serving as the registrar. The market maker for the IPO is Giriraj Stock Broking Private Limited.
With a pre-issue P/E ratio of 21.65x and post-issue P/E ratio of 24.92x, the company’s valuation appears attractive compared to the industry average of 50x. The strong financials, backed by strategic leadership, position CapitalNumbers Infotech as a promising investment opportunity.
Recommendation
Given the expected listing gains of 24.71%, investors seeking a higher-risk investment profile should consider applying to the CapitalNumbers Infotech IPO. However, as with all IPOs, investors should exercise caution and evaluate the potential risks involved before making an investment.
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