Course5 Intelligence IPO

Course5 Intelligence Limited is among the top pure-play data analytics and insights firms across organisations established in India in terms of revenues in Fiscal 2020, according to the Zinnov Report. Their mission is to use artificial intelligence (“AI”), analytics, and insights to assist organisations in driving digital revolution. Course5 Intelligence IPO will hit the stock market in May 2021.

About Course5

They’re a digital analytics, advertising, and client analytics firm with a comprehensive knowledge of the omnichannel client experience. They have extensive experience in digital, direct to client, and omnichannel analytics, including client, supply chain, enterprise AI, and social network analysis and insights.

They also offer marketing analytics and insights, such as dynamic consumer segmentation, brand evaluation and analytics, market mix optimization, AI-driven research findings, and market and competitor intelligence.

They ‘ve also developed significant domain experience in the technology, telecommunications, life sciences/pharmaceuticals, consumable packaged goods, and retail industries.

Following the COVID-19 pandemic, the TMT, pharmaceuticals, CPG, and retail industries are projected to benefit significantly, particularly in data and analytics.

Industry

The capacity to harness data for actionable analytics and critical corporate actions has become increasingly crucial to the performance of modern firms as the volume and diversity of records / knowledge continues to grow.

Traditional data analysis processes, on the other hand, are slow, challenging to use, and resource-intensive, and traditional database techniques rely primarily on applied mathematics and statistical techniques.

Whereas AI-led analytics is a process that uses machine learning, pattern recognition, and other innovations to uncover insights, find new trends, and explore relationships in data.

Furthermore, AI-led advanced analytics combines the power of AI with traditional analytics, utilising techniques like as machine learning, deep learning, and neural networks, as well as natural language processing and interpretation.

Process

Through their AI-driven products and solutions, they have a unique approach to problem-solving. They have established Course5 AI Labs in Bangalore and Toronto, which are AI-led technology and experiments and development facilities that strive to develop a wide base of profound AI capabilities that endorses the formation of revolutionary products and platforms.

It encompass a crew of 29 committed AI scientists, in line with their culture of excellence and goal of offering impactful strategic analytics and insights using AI.

They can cater to the full analytics and insights value chain, from data management and explanatory analytics to informative, accurate, and normative analytics, thanks to their skills in cloud, data engineering, business intelligence, and smart process automation.

Course5 Intelligence IPO

Course5 Intelligence Limited, headquartered in Kachchh has submitted Draft Red Herring Prospectus(DRHP) to Securities and Exchange Board of India(SEBI) for initial public offering (IPO) of INR 600 crore on 08 January 2022.

The offer includes a fresh issue of INR 300 crore and there is offer for sale (OFS) of INR 300 crore value equity shares by the promoters mentioned in the DRHP. They are looking for a Pre-IPO placement of INR 60 crore in this issue.

They are now waiting for approval from Securities and Exchange Board of India(SEBI) to float the initial public offering (IPO) in the market.

Financials Trends

Particulars	For the year/period ended ( in Cr.)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	204.62	220.39	196.53	153.56
Total Revenue	150.31	257.20	265.44	232.57
Profit After Tax	26.82	29.72	16.93	17.93

Basic and Diluted Earnings Per Share

Financial Period	Basic EPS (in INR)	Diluted EPS (in INR)	Weight
Financial Year 2021	2.57	2.51	3
Financial Year 2020	1.46	1.44	2
Financial Year 2019	1.30	1.28	1
Weighted Average	1.99	1.95
30 Sep. 2021	2.41	2.36

Objects of the Issue

• Prepayment / repayment of all or a portion of the outstanding borrowings of the company to be availed on consolidated basis.
• To meet common corporate objectives.

Basis of the offer

They feel that the following are among the quality aspects that go into determining the Offer Price:

1. Professional data analytics and insights company with extensive experience in digital, D2C, and omnichannel platforms, as well as strategic choices and insights.
2. Deep AI and advanced machine learning are being used to augment the development of IP-based solutions.
3. Across major target sectors, we have a well-diversified, long-standing, and sizable worldwide marquee customer base.
4. Global delivery team with skills in data sources, analytics, and saas tech stack, allowing for a single client perspective.
5. Business plan that is scalable and has a great financial results.
6. A competent domain-centric personnel base and expert boards support a highly skilled and enterprising top management team.

Course5 Intelligence IPO Peer Comparison

S. No.	Face Value	Company Name	PE
1	2	Happiest Minds Technologies Limited	112.49
2	1	Latent View Analytics Limited	103.31

Note

1. On January 5, 2022, the closing BSE price of these equity shares was retrieved from the BSE portal.
2. All of the financial data for the listed industry peers given above is on a consolidated basis (unless otherwise stated) and comes from the firm’s annual results for the fiscal year ending March 31, 2021.

Course5 Intelligence IPO Details

IPO Opening Date	May 2021
IPO Closing Date	May 2021
Issue Type	Book Building
Face Value	5 per share
IPO Price	0 to 0 per equity share
Market Lot	–
Min Amount	–
Listing At	BSE, NSE
Issue Size	600 Crore
Fresh Issue	300 Crore
Offer for Sale	300 Crore

Course5 Intelligence IPO Date

Course5 IPO opening date is May 2021, and the closing date is May 2021. The Course5 Intelligence issue may list in May 2021.

IPO Opening Date	May 2021
IPO Closing Date	May 2021
Basis of Allotment Date	May 2021
Initiation of Refunds	May 2021
Credit of Shares to Demat Account	May 2021
IPO Listing Date	May 2021

Basis of Allotment

Type	% of Offer	Basis of Allotment
Qualified Institutional Buyer	75	Roughly  equivalent
Non Institutional Investor	15	Roughly  equivalent
Retail	10	Minimum 1 lot based on availability

Course5 IPO Allotment Status

Allotment of equity stocks subject to the Fresh Issue and transfer of the Promoter Selling Shareholders’ OFS Stocks to the winning Bidders subject to the Offer for Sale. Nevertheless, the status of the allotment has yet to be revealed.

Here, you can find the Allotment Status of Course5 IPO.

Course5 Intelligence IPO GMP

Course5 Intelligence IPO Grey Market Premium is 0. You can check out GMP of Other IPOs on below Links:

Date	GMP (in Rs)	Subject to Sauda	Kostak (in Rs)
May 2021
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Check Out the GMP of all Other IPOs

IPO Grey Market Premium

Course5 Intelligence IPO Review

Course5 IPO review will depend on the price band which will be announced after SEBI approval. Whenever it will be announced we will update you regarding review of Course5 Intelligence IPO is good or bad.

Course5 Intelligence Limited IPO Risk

• Key clients account for a major amount of their revenue.
• Third parties provide them with survey data, social media data, other types of data, and primary information for their customers.
• Their operations’ income are heavily reliant on customers in the United States.
• They are up against stiff competition from both onshore and offshore analytics organisations.
• The COVID-19 epidemic has had and will remain to have a major and negative impact on their business and operations.
• They are vulnerable to variations in foreign currency exchange rates, and these fluctuations have and will continue to have an impact on their operating results.
• They intend to use the Net Proceeds to pursue inorganic development for which no specific goal has been defined.

Other Threats

• In terms of security, data protection, and privacy, they are bound by a range of legislative regulations, contractual duties, and industry standards.
• Their capacity to further penetrate the existing industry for data and insights offerings, as well as the growth and extension of that market, is critical to their success.
• Failure to provide high-quality technical help could impair their client relationships and have a negative influence on their organisation.
• With the usage of their AI technology and AI-powered systems, they face ethical and reputational issues.
• Any failure to sustain resource utilisation and productivity levels could have a negative impact on their profitability, operational outcomes, and financial situation.

Clients

Their company revolves around client interactions. They have long-term partnerships with their broad and diverse customer base. Their customers are predominantly in the TMT, life sciences/pharmaceuticals, consumer packaged goods, and retail industries.

Following the COVID-19 pandemic, the TMT, pharmaceuticals, CPG, and retail sectors are projected to benefit significantly, particularly in data and analytics. Lenovo, Colgate-Palmolive Corporation, American Regent, Inc. (a member of the Daiichi Sanyo Group), and National Bank of Fujairah PJSC are among their clientele.

They have a deliberate focus on larger clients, along with a number of ‘Fortune Global 500’ and ‘Forbes The Global 2000’ corporations. They worked with four of the world’s top seven firms in terms of market value.

Course5 Intelligence Limited IPO Brokerage views

• Yes Securities : Not Updated
• Choice Brokering: Not Updated
• Axis Securities: Not Updated
• IIFL Securities: Not Updated
• Trade swift: Not Updated
• Anand Rathi : Not Updated
• ICICI Securities: Not Updated

Course5 IPO Subscription Status

Date	Day	QIB	NII	Retail	Employees	Total Subscription
May 2021	1
May 2021	2
May 2021	3

Management

They are led by a seasoned executive and administrative personnel with vast experience in statistics, intelligence, and AI, as well as an established track record of success that has cultivated their technology and innovation-focused culture.

Their Chairman, MD, and CEO, Ashwin Ramesh Mittal, has been named to Analytics India Magazine’s ’50 Most Influential AI Leaders in India – 2021′ and ’10 Most Influential Analytics Leaders in India – 2020′ lists, and also the Economic Times’ ‘Promising Entrepreneurs of India’ list.

Farid Kazani (Executive Vice President, Corporate Development and Finance), Anees Merchant (Executive Vice President, Sales), Ajith Sankaran (Senior Vice President, Information Privacy and Data Governance), and Jayachandran Ramachandran (Senior Vice President, Artificial Intelligence Labs) round out their top leadership squad.

Promoters

• Ashwin Ramesh Mittal
• Riddhymic Technologies Private Limited
• Riddhymic Technoserve LLP
• AM Family Private Trust

Promoter’s Holding

Pre Issue Share Holding	74.27%
Post Issue Share Holding

Course5 IPO Prospectus