About Company’s Business:
They are a prominent IT-enabled solutions company in India, as reported by CRISIL. Their focus lies in conceptualizing, developing, and implementing large-scale greenfield technology solutions of national significance. They engage in collaboration with the government and possess extensive experience in building digital public infrastructure and pioneering citizen-centric e-governance solutions. In Fiscal 2023, as per the CRISIL Report, they stood out among the leading Indian companies in the e-governance sector in terms of profitability, operating income, operating profit, and operating profit margin. Their significant contributions include the establishment of public digital infrastructure and the implementation of e-governance initiatives that have impacted various sectors of the Indian economy.
About the Industry:
E-governance, as outlined in the CRISIL Report, involves the utilization of information and communication technology (ICT) to facilitate government operations and deliver public services. Its overarching goal is to enhance and streamline governance for all stakeholders, encompassing the government, citizens, and businesses. The advancement in technology and platform upgrades, coupled with the initiatives of both central and state governments, will be the driving force behind its growth. E-governance strives to render interactions between the government and citizens, government and business entities, and inter-agency interactions more user-friendly, convenient, transparent, and cost-effective.
Key Financial Information (₹ in million):
Here is a tabulation of the financial information for your company as per the Restated Consolidated Financial Information:
| Particulars | As of June 30, 2023 | As of June 30, 2022 | As of March 31, 2023 | As of March 31, 2022 | As of March 31, 2021 |
|---|---|---|---|---|---|
| Equity share capital (₹ million) | 404.21 | 403.84 | 404.21 | 403.84 | 401.39 |
| Net Worth(1) (₹ million) | 8,880.95 | 8,117.69 | 8,569.43 | 7,880.01 | 6,674.59 |
| Revenue from operations (₹ million) | 2,204.03 | 1,567.48 | 7,422.06 | 6,909.09 | 6,031.32 |
| Profit after tax (₹ million) | 322.11 | 212.71 | 1,070.42 | 1,439.37 | 921.87 |
| Earnings per Equity Share - Basic | 7.97* | 5.27* | 26.50 | 35.78 | 23.02 |
| Earnings per Equity Share - Diluted | 7.96* | 5.26* | 26.48 | 35.75 | 23.00 |
| Net Asset Value Per Equity Share (₹) | 219.71 | 201.01 | 212.00 | 195.13 | 166.29 |
| Total borrowings (as per balance sheet) | Nil | Nil | Nil | Nil | Nil |
Please note that the Earnings per Equity Share figures marked with ‘*’ are not annualized.
Objective of the Issue:
-
To achieve the benefits of listing the Equity Shares on the Stock Exchange
-
To carry out the Offer for Sale of up to 6,191,000 Equity Shares by the Selling Shareholders.
-
General corporate purposes.
For more detailed information, you can refer to the IPO Prospectus (RHP) filed by the company.
| Important information regarding the IPO | |
|---|---|
| Open Date | Monday, November 6, 2023 |
| Close Date | Wednesday, November 8, 2023 |
| Issue Size | ₹490.33 Crores |
| Price | ₹752 to ₹792 per share |
| Lot Size | 18 Shares |
| Basis of Allotment | Monday, November 13, 2023 |
| Initiation of Refunds | Wednesday, November 15, 2023 |
| Credit of Shares to Demat | Thursday, November 16, 2023 |
| Listing Date | Friday, November 17, 2023 |
How to apply for this IPO?
You can locate the redirection link to the IPO on the home screen of the Dhan App. Alternatively, you can access it by navigating to the “Money” Section at the bottom right and swiping right to reach the “IPO” Tab.
Do let us know your thoughts on this IPO.