About Company’s Business:
The company stands as one of the leading national distribution partners for global technology brands in India concerning both revenues and distribution network in Fiscal 2023. Additionally, it has achieved remarkable growth and is recognized as one of the fastest-growing national distribution partners for global technology brands in India, particularly in terms of revenue expansion between Fiscal 2021 and Fiscal 2023, according to the Technopak Report. The company provides comprehensive services, including pre-sale activities, solution design, technical support, marketing services, credit solutions, and warranty management services.
About the Industry:
Globally, the electronics and information and communications technology products market is expected to grow at a CAGR of 14% between 2020 and 2025 and is projected to cross USD 350 billion in sales by 2025. Information technology spending in India is projected to reach a value of approximately USD 136 billion by 2025 growing at a CAGR of 10%. Non-metro cities and other rural geographies are becoming centres of consumption for information technology products like personal computers, smartphones, internet devices, networking devices and hence there is a requirement for information and communications technology distributors and resellers having pan India presence.
Key Financial Information (â‚ą in million):
| Particulars | As at and for the six months ended September 30, 2023 | As at and for the year ended September 30, 2022 | As at March 31, 2023 | As at March 31, 2022 | As at March 31, 2021 |
|---|---|---|---|---|---|
| Equity share capital | 208.92 | 208.92 | 208.92 | 208.92 | 9.95 |
| Total equity | 7,660.17 | 6,470.89 | 6,982.68 | 5,783.29 | 3,970.02 |
| Revenue from operations | 54,685.10 | 50,239.36 | 94,542.79 | 93,134.38 | 59,250.48 |
| Restated profit after tax | 720.18 | 673.75 | 1,233.43 | 1,825.11 | 1,363.50 |
| Restated earnings per equity share (Basic) | 18.24 | 16.90 | 29.50 | 43.57 | 31.20 |
| Restated earnings per equity share (Diluted) | 18.24 | 16.90 | 29.50 | 43.57 | 31.20 |
| Net Asset Value per Equity Share | 184.94 | 155.03 | 167.56 | 137.63 | 94.34 |
| Total borrowings | 13,952.04 | 10,012.71 | 10,657.57 | 8,817.39 | 4,889.93 |
| Net Worth | 7,727.39 | 6,477.92 | 7,001.19 | 5,750.73 | 3,941.89 |
Objective of the Issue:
-
Prepayment or scheduled repayment of all or a portion of certain outstanding borrowings availed by our
company. -
Funding working capital requirements of our Company
-
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 | Wednesday, February 7, 2024 |
| Close Date | Friday, February 9, 2024 |
| Issue Size | â‚ą600.00 Crores |
| Price | â‚ą295 to â‚ą311 per share |
| Lot Size | 48 Shares |
| Basis of Allotment | Monday, February 12, 2024 |
| Initiation of Refunds | Tuesday, February 13, 2024 |
| Credit of Shares to Demat | Tuesday, February 13, 2024 |
| Listing Date | Wednesday, February 14, 2024 |
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.
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