Kody Technolab shares list at 6.35% premium at ₹170 per share on NSE SME
₹170 apiece as compared to its issue price of ₹160 per share. The initial public offering (IPO) of Kody Technolab Ltd, a software development services company, has received stellar response from investors during September 15 and September 20.
Also Read: Signature Global makes decent Dalal Street debut; shares list with 15.5% premium at ₹445 apiece on BSE Kody Technolab IPO was subscribed 51.55 times in total. The public issue received bids for 8.42 crore equity shares as against 17.20 lakh shares on the offer.
The public issue was subscribed 53.56 times in the retail category and 41.17 times in the Other category. Kody Technolab IPO was entirely a fresh issue of 17.20 lakh equity shares aggregating up to ₹27.52 crore.
The IPO price band was at ₹160 per share, while the lot size was 800 shares. Exciting news! Mint is now on WhatsApp Channels Subscribe today by clicking the link and stay updated with the latest financial insights! Click here! Beeline Capital Advisors Pvt Ltd were the book running lead manager for Kody Technolab IPO, while Kfin Technologies was the IPO registrar.
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 to a diverse set of industries. Also Read: Sai Silks Kalamandir share price debuts at a mere 4% premium at ₹231 on NSE The company proposes to utilise the net proceeds from the fresh issue for funding capital expenditure toward setting up a development center at Gift City, Gandhinagar, funding incremental Working Capital
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