What is the issue size of Kody Technolab IPO?

The issue size of the Kody Technolab IPO is Rs 27.52 cr

What is 'pre-apply' for Kody Technolab IPO?

Pre-apply will alow you to apply for the Kody Technolab IPO 2 days before the subscription period starts.

If I pre-apply for Kody Technolab IPO, when will my order get placed?

Your order will be placed on the exchange as soon as the Kody Technolab IPO bidding starts. You will receive a UPI request within 24 hours after the bidding period opens.

When will I know if my Kody Technolab IPO order is placed?

We will notify you when your Kody Technolab IPO order is placed with the exchange.

What are the open and close dates of the for Kody Technolab IPO?

Kody Technolab IPO will be open between 15 Sept - 20 Sept, 2023.

What is the lot size and minimum order quantity of the Kody Technolab IPO?

Kody Technolab Limited IPO lot size is 800 shares.

What are the allotment dates for the Kody Technolab IPO?

Kody Technolab IPO allotment date is 25 Sept, 2023. For Kody Technolab IPO allotment status check, you can visit the website of the registrar of the IPO.

Who is the registrar of Kody Technolab IPO?

Kody Technolab IPO registrar is Kfin Technologies Limited. You can check Kody Technolab IPO allotment status on the website of the registrar.

Where is the Kody Technolab IPO getting listed?

The shares are proposed to be listed on NSE SME.

Kody Technolab IPO

Kody Technolab Limited

₹1,28,000 /800 sharesMinimum Investment

Kody Technolab IPO Listing DetailsListed OnIssue PriceListing PriceListing Gains
NSE₹160.00₹170.00₹10.00 (6.25%)
Kody Technolab IPO DetailsBidding DatesMin. InvestmentLot SizePrice Range
15 Sep ‘23 - 20 Sep ‘23₹1,28,000800₹160 - ₹160
Issue SizeIPO Doc
27.52CrRHP PDF
About Kody TechnolabIncorporated in 2017, Kody Technolab is a software development company. It specializes in delivering customized software solutions to meet client needs. The company operates as a full-stack development firm, offering digital solutions to facilitate digital transformation for businesses. They have a presence in the USA, Canada, and the UK, with sales representatives in each location to market their services.
Kody Technolab's service portfolio includes custom development, AI consultation and implementation, IoT services, and IT consulting. Their expertise in these domains ensures the delivery of efficient, reliable, and cost-effective solutions. ;
Parent Organisation
Kody Technolab Limited
Founded
2017
Managing Director
Mr. Manav Subhashchandra Patel
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.
Financials
*All values are in Rs. Cr
No Graph Data To Display
Application detailsApply asPrice bandApply upto
Regular₹160 - 160₹2 Lakh
High Networth Individual₹160 - 160₹2 - 5 Lakh
For Kody Technolab IPO, eligible investors can apply as Regular.

Listed On	Issue Price	Listing Price	Listing Gains
NSE	₹160.00	₹170.00	₹10.00 (6.25%)

Bidding Dates	Min. Investment	Lot Size	Price Range
15 Sep ‘23 - 20 Sep ‘23	₹1,28,000	800	₹160 - ₹160

Issue Size	IPO Doc
27.52Cr	RHP PDF

Apply as	Price band	Apply upto
Regular	₹160 - 160	₹2 Lakh
High Networth Individual	₹160 - 160	₹2 - 5 Lakh

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