Canarys Automations Ltd
Price Range
₹29 - ₹31
Min. Quantity
4,000
Closes on
3 October 2023
Min. investment
₹1,24,000/4,000 Shares
Canarys Automations Ltd IPO Timeline
Canarys Automations Ltd was originally incorporated as a Private Limited Company in the name of 'Canarys Automations Private Limited' dated July 1, 1991 issued by the RoC, Bengaluru, Karnataka. The Company converted into Public Limited Company and name of the Company was changed to 'Canarys Automations Limited' vide a Fresh Certificate of Incorporation on September 21, 2006. Once again, Company was converted into Private Limited Company and the name of Company was changed to 'Canarys Automations Private Limited' on November 27, 2007. Thereafter, the Company got converted into Public Limited Company and the name of Company changed to 'Canarys Automations Limited' vide a Fresh Certificate of Incorporation issued by RoC, Bengaluru, Karnataka on June 27, 2023.
| Event | Date |
|---|---|
| Canarys Automations Ltd IPO Opening Date | 27 September 2023 |
| Canarys Automations Ltd IPO Closing Date | 3 October 2023 |
| Basis of Allotment | 6 October 2023 |
| Initiation of Refunds | 9 October 2023 |
| Credit of Shares to Demat | 10 October 2023 |
| Canarys Automations Ltd IPO Listing Date | 11 October 2023 |
Canarys Automations Ltd IPO Details
| Canarys Automations Ltd IPO Date | 27 September 2023 to 3 October 2023 |
| Canarys Automations Ltd IPO Face Value | ₹2 per share |
| Canarys Automations Ltd IPO Price | ₹29 to ₹31 per share |
| Canarys Automations Ltd IPO Lot Size | 4,000 |
| Issue Size | Shares of ₹2 (aggregating up to ₹47.03 Cr) |
| Fresh Issue | Shares of ₹2 (aggregating up to ₹47.03 Cr) |
| Offer for Sale | - |
| Issue Type | Book Building - SME |
| Listing At | NSE - SME |
| QIB Shares Offered | - |
| Retail Shares Offered | - |
| NII (HNI) Shares Offered | - |
| Company Promoters | Metikurke Ramaswamy Raman Subb, Danavadi Krishnamurthy Arun, Raghu Chandrashekhariah |
Canarys Automations Ltd IPO Lot Size
The Canarys Automations Ltd IPO lot size is 4,000 shares. A retail-individual investor can apply for up to 1 lots (4,000 shares or ₹1,24,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 4,000 | ₹1,24,000 |
| Maximum | 1 | 4,000 | ₹1,24,000 |
- Strengths
- Risks
- Opportunities
- High Quality Standards.
- Value Creation Approach.
- Sustainability Focus.
- Customer Centric Approach.
- Skilled and Experienced Team.
Company Financials
Canarys Automations Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 102.25 | 75.71 | 8.77 |
| 03-2023 | 52.92 | 74.56 | 9.38 |
| 03-2022 | 43.46 | 52.24 | 4.31 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- Funding of expenditure relating to solutions development for digital transformation and water resources management solutions
- Creation of new delivery centre including infrastructure thereof and upgrading existing facilities
- Funding working capital requirements of the company
- General corporate purposes
Canarys Automations Ltd IPO Promoter Holding
| Pre Issue Share Holding | 24.59% |
| Post Issue Share Holding | 17.95% |
Canarys Automations Ltd IPO Subscription Status (Bidding Detail)
The Canarys Automations Ltd IPO is subscribed 7.0395 times on 3 October 2023 05:00:00 PM. The public issue subscribed 0 times in the retail category, 0 times in the QIB category, and 0 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | - | - | - | - | 7.0395 |
Canarys Automations Ltd IPO Prospectus
Canarys Automations Ltd IPO Listing Date
| Listing Date | 11 October 2023 |
| BSE Script | 91876 |
| NSE Symbol | CANARYS |
| Listing In | NSE - SME |
| ISIN | INE0QG301017 |
| IPO Price | ₹31 |
| Face Value | ₹2 |
Company Contact Information
# 566&567 2nd Flr 30th Main RdAttimabbe Rd Banasha.3rd Stage,Bengaluru-560085
Phone: +91-98458 62780
Email: nagashree.hegde@ecanarys.com
Website: http://www.ecanarys.com
Canarys Automations Ltd IPO Registrar
Canarys Automations Ltd IPO Lead Manager(s)
- Indorient Financial Services Ltd
FAQ
What is the issue size of Canarys Automations Ltd IPO?
I have pre-applied for Canarys Automations Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.