Digital consulting firm CapitalNumbers Infotech hits IPO market on Jan 20.
KOLKATA Jan 18 (The CONNECT) – Kolkata-based digital consulting firm CapitalNumbers Infotech Limited has allocated 18,32,400 equity shares at ₹263 per share on Friday, January 17, 2025, to anchor investors, ahead of its IPO.
The company got an overwhelming response for the Anchor portion, with 26 Anchors with prominent names such as Copthall Mauritius Investment Limited-ODI Account (Subsidiary of J.P.Morgan Holdings (Hong Kong) Limited), WhiteOak Capital Digital Bharat Fund, WhiteOak Capital Multicap Fund, WhiteOak Capital ELSS Tax Saver Fund, HDFC Bank Limited, Capri Global Capital Limited, Moneywise Financial Services Private Limited, Ashika Global Securities Private Limited, Aarth AIF, Jalan Chemical Industries Private Limited, Swyom India Alpha Fund, Innovative Vision Fund, Rajasthan Global Securities Private Limited, Visionary Value Fund, Zeta Global Funds (OEIC) PCC Limited -Zeta Series B Fund Pc, J4S Venture Fund , Knightstone Capital LLP, Saint Capital Fund , Holani Venture Capital Fund-I, Leading Light Fund VCC- The Triumph Fund, Paradise Moon Investment Fund – I, Niveshaay Hedgehogs Fund, Finavenue Capital Trust – Finavenue Growth Fund, Vikasa India EIF I Fund – Incube Global Opportunities, Al Maha Investment Fund PCC-Onyx Strategy and Vbcube Ventures Fund has participated in the Anchor portion of the SME IPO.
CapitalNumbers Infotech Limited equals KP Green Energy Limited, which also received 26 Anchor participations for its SME IPO.
The Initial Public opens for subscription on January 20 and closes on January 22, 2025. For its IPO, the Company has fixed the price band of ₹250 – ₹263 per Equity Share of face value ₹10 each for its IPO. Aiming to raise ₹169.37 Crore, calculated on the Upper Price Band, it is the largest SME IPO from the East-India region to hit Dalal Street. Investors can bid for a minimum of 400 Equity Shares and in multiples of 400 Equity Shares thereafter
The public Issue is a combination of fresh issuance of 32,20,000 Equity shares and an Offer for Sale (OFS) of 32,20,000 Equity shares by promoters and other shareholders.
The company is engaged in the business of digital consulting and IT engineering offering end-to-end software development solutions to enterprises, and startups worldwide. The Company’s business is 100% export-oriented having a strong presence in the US and EU with 80% of its revenue from this market and the balance from countries spread across.
Offering a wide range of software solutions services to its more than 250 clients across the world, the company aligns well with its strong financials and good liquidity positions.
The Net Proceeds from the fresh issue will be used to the extent of ₹17.82 crore for Technical Advancement of Leading-edge Technology, ₹15.00 crore for Increase in Spending on Business Developments, ₹5.00 crore for Investment in Subsidiary and balance for Funding inorganic growth through unidentified acquisitions and other strategic initiatives and general corporate purposes.
In FY 24, the company clocked a total revenue of ₹10,038.80 lakhs as against ₹6,963.23 lakhs in FY 22, reporting a CAGR of 20.07%. During the same period, the company reported a net profit of ₹2,598.88 lakhs as compared to ₹1,583.82 lakhs in FY 22, achieving a CAGR of 28.10%
GYR Capital Advisors Private Limited is the sole book running lead manager and MUFG Intime India Private Limited is the registrar to the offer.
The company’s shares will be listed on the BSE SME platform.
