CapitalNumbers Infotech, a prominent player in digital consulting and IT engineering, is set to raise ₹169.37 crore through its initial public offering (IPO). The offering comprises a Fresh Issue of 32.20 lakh shares worth ₹84.68 crore and an Offer for Sale of an equal number of shares. The IPO subscription period runs from January 20, 2025, to January 22, 2025, and the allotment is expected on January 23, 2025. Shares will be listed on the BSE SME with the tentative listing date set for January 27, 2025.

Key Details of the IPO

The CapitalNumbers Infotech IPO offers shares at a price band of ₹250 to ₹263 per equity share, providing investors with a lot size of 400 shares. Retail investors must make a minimum investment of ₹1,05,200, while High-Net-Worth Individuals (HNIs) must invest in two lots, totaling ₹2,10,400. At the upper price band of ₹263, the company’s market capitalization will reach ₹642.42 crore.

The Grey Market Premium (GMP) currently stands at ₹65, indicating potential listing gains of 24.71%. This suggests that investors could potentially see strong returns once the shares list. However, the GMP is for informational purposes only and not a reliable trading indicator. As always, trading in the grey market involves significant risk and speculation.

Subscription Status and Key Investor Interest

As of January 21, 2025, the CapitalNumbers Infotech IPO has been subscribed 4.20 times on the second day of the subscription period. The demand for the IPO reflects the growing interest in the company’s robust service offerings in digital engineering, data analytics, and advanced technologies like AI/ML, cloud engineering, and blockchain.

About the Company

Founded by Mukul Gupta, a seasoned IT professional, CapitalNumbers Infotech has garnered recognition for its technological expertise in data analytics, artificial intelligence, and UI/UX design. The company has seen consistent revenue growth, with a reported profit after tax (PAT) of ₹1,365.03 lakh for the fiscal year 2024. The company’s Return on Equity (ROE) for FY24 is an impressive 38.62%, while the Earnings Per Share (EPS) stands at ₹12.88, suggesting that the IPO is fairly priced when compared to the industry P/E ratio of 50x.

CapitalNumbers Infotech IPO Objectives

The funds raised through the IPO will be used for technical advancement in cutting-edge technology (₹1,782 lakh), expanding business development efforts (₹1,500 lakh), and investing in a subsidiary (₹500 lakh). A portion of the funds will also be directed toward acquisitions and other strategic initiatives to fuel inorganic growth. Moreover, the listing of equity shares on the stock exchange is expected to enhance the company's market visibility.

Investment Outlook

With the GMP indicating strong demand and capital growth potential, the CapitalNumbers Infotech IPO presents a promising opportunity for investors, particularly those looking for digital transformation companies with advanced technological services. The IPO is suitable for risk-taking investors who are looking for listing gains in the short term.

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