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Kody Technolab IPO
Kody Technolab Limited
₹1,28,000 /800 sharesMinimum investment
IPO details
Minimum investment
₹1,28,000
Price range
₹160 - ₹160
Lot size
800
Issue size
27.52 Cr
Face value
10
IPO document
Subscription rate
Data will be available soon
Schedule
15 Sep 2023
IPO open date
20 Sep 2023
IPO close date
--
Allotment date
--
Funds unblock or debit
28 Sep 2023
Tentative listing date
About
Founded in
2017
MD/CEO
Mr. Manav Subhashchandra Patel
Parent organisation
Kody Technolab Limited
Kody Technolab Financials
Revenue
Total Assets
Profit
All values are in ₹ Cr
Strengths & Risks
Strengths
Risks
Kody Technolab values its long-standing customer relationships, contributing to repeated business engagements and enhancing customer retention efforts.
The company serves a wide range of industries, catering to diverse customer needs with various services.
A key focus for the company is providing its employees with cutting-edge infrastructure, technology, and facilities to empower them with new skills and knowledge.
The company remains committed to adopting new technologies to support its global expansion efforts and attract clients worldwide.
For the year ending on March 31, 2023, the company reported a total income of Rs. 1109.10 lakhs and a restated profit after tax of Rs. 318.09 lakhs. In comparison, for the year ending on March 31, 2022, the total income and restated profit after tax were Rs. 384.20 lakhs and Rs. 62.13 lakhs, respectively.
The company's global operations subject it to numerous and sometimes conflicting legal and regulatory requirements. Non-compliance with these regulations could harm the business.
The majority of the company's revenue comes from its top ten customers. In 2023, 2022, and 2021, these top ten customers contributed 40.04%, 43.33%, and 66.09% of the company's revenues, respectively. Losing one or more of these customers could harm its revenue and profitability.
Much of the company's revenue comes from limited markets, heavily relying on the domestic Indian market. Any developments in the IT industry in India, Kuwait, the USA, Germany, or other major markets could affect the company's business operations.
The company's revenue from operations is sensitive to fluctuations in foreign exchange rates.
Legal proceedings involving the group company pose a potential risk, and an adverse decision in these proceedings could significantly affect the business.
As of March 31, 2023, the company had long-term borrowings of Rs. 706.82 lakhs and short-term borrowings of Rs. 39.97 lakhs, with plans to incur additional indebtedness in the future.
The company had total secured borrowings of Rs. 603.75 lakhs from Kotak Mahindra Bank Limited as of March 31, 2023.
A substantial portion of the company's revenue comes from custom software development. Losing a major customer in this segment could impact revenue and profitability.
The company has experienced negative cash flows in the past, which may continue to affect its business and prospects in the future.
The company has occasionally availed unsecured loans from directors and group companies, with a total outstanding payable of Rs. 143.04 lakhs as of March 31, 2023.
The company lacks insurance coverage, which could expose it to potential losses and have a material effect on its business and financial condition.
Application details
For Kody Technolab IPO, eligible investors can apply as Regular.
| Apply as | Price band | Apply range | Lot size |
|---|---|---|---|
| Regular | ₹160 - ₹160 | ₹2 - ₹5 Lakhs | 800 |
| High Networth Individual | ₹160 - ₹160 | ₹2 - ₹5 Lakhs | 800 |