The initial public offering (IPO) of Kody Technolab Ltd, a software development services company, has garnered strong interest from investors. Here are the key details of the Kody Technolab IPO:
– **IPO Price:** The price band for the Kody Technolab IPO is set at ₹160 per share.
– **Lot Size:** The IPO lot size is 800 shares, requiring a minimum investment of ₹128,000 for retail investors.
– **Offer Details:** The IPO consists entirely of a fresh issue of 17.20 lakh equity shares, aggregating up to ₹27.52 crore.
– **Allotment Date:** The basis of share allotment is expected to be finalized on September 25, with refunds initiated on September 26. Shares are likely to be credited to eligible allottees’ demat accounts on September 27.
– **Listing Date:** Kody Technolab shares are anticipated to be listed on NSE SME on September 28.
– **Lead Manager:** Beeline Capital Advisors Pvt Ltd is the book running lead manager for the IPO.
– **Registrar:** Kfin Technologies is the IPO registrar.
As of the third and final day of the bidding process, the Kody Technolab IPO has been subscribed 32.33 times. Notably, the retail category has been oversubscribed by 38.83 times, while the Non-Institutional Investors’ (NII) category has seen an oversubscription of 21.40 times.
In the grey market, Kody Technolab IPO’s grey market premium (GMP) today stands at ₹40 per share, indicating a trading premium of ₹40 apiece. Based on this GMP and the IPO price, Kody Technolab shares are estimated to list at ₹200 apiece, representing a premium of 25% over the issue price.
Kody Technolab provides software development services, including staff augmentation, AR development and implementation, enterprise mobility, digital transformation, business analytics and intelligence, artificial intelligence robotics IT consulting, Internet of Things (IoT) services, and IT consulting services, among others, catering to various industries.
