Capitalnumbers Infotech, an IT consulting and engineering firm, made a lackluster debut on the BSE SME platform on Monday, January 27. The company's shares were listed at a mere 4 per cent premium compared to the issue price.
Comparing the stock's opening price of Rs 274 to the issue price of Rs 263 per share, it showed gains of 4.18 pre cent. The stock fell as much as 5 per cent and reached the lower circuit limit at Rs 260.3 per share shortly after listing.
On the BSE, over 15.2 lakh equity shares were exchanged in the early trading session. The total amount of money made was Rs 41.54 crore. The business was worth Rs 635.83 crore on the market.
Listing gains
A single lot of shares purchased by investors in the IPO allotment was worth Rs 1,09,600 (Rs 274 x 400) at the listing price of Rs 274 per share.
The minimum investment in a single lot was Rs 1,05,200 (Rs 263 x 400), so IPO investors could have made gains of Rs 34,400 per lot after the stock was listed.
Subscription across all categories
There was a 134-fold oversubscription on the last day of the offer, with bids for 57.61 crore shares valued at Rs 15,145 crore placed against 42.77 lakh shares available.
Applications for more than 15.39 crore equity shares were received out of the 21.38 lakh shares that were up for grabs, meaning that the portion reserved for retail investors was nearly 72 times booked.
Bids for 27.29 crore shares were received out of the 9.16 lakh shares that were up for grabs, meaning that the Non-Intuitional Investors' (NIIs') quota was subscribed more than 267 times.
With applications for 14.93 crore shares compared to the 12.22 lakh shares reserved for them, the Qualified Institutional Buyers (QIBs) category was booked 122 times.
Capital Numbers Infotech IPO details
Capital Numbers Infotech through its initial public offering, which included the sale of 32.2 lakh equity shares valued at up to 84.69 crore and the fresh issuance of 32.2 lakh equity shares worth up to 84.69 crore, Infotech was able to raise Rs 169.37 crore.
A price range of Rs 250 to Rs 263 per share was set for the IPO. For a single application, the lot size was 400 shares. Subscriptions for the issue were accepted from January 20 to January 22.
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Company financials
For the April–September period of FY2024–25, the company reported a net profit of Rs 13.67 crore. During the six months, it brought in Rs 51.64 crore.
Compared to Rs 17.35 crore for the year ending March 31, 2023, the company reported a net profit of Rs 25.98 crore for the year ending March 31, 2024. In FY2024, its revenue was Rs 100.38 crore, compared to FY2023's Rs 92.98 crore.
