Last updated on October 11, 2023
Canarys Automations IPO description – Started in 1991, Canarys is a leading IT solutions provider with over 30 years of existence in the industry. Its expertise lies in enabling digital transformation for businesses through a comprehensive range of software solutions in the space of Digitalization, Modernization, Automation, and Intelligence.
Canarys Automations business operates across two verticals.
- Technology Solutions: The technology solution offerings include a wide array of consulting solutions in Digitalization, Modernization, Cloudification, Automation, Transformation, and Intelligence. Technology expertise includes DevOps Consulting (Azure, GitHub, Atlassian, GitLab, etc.), Cloud Consulting (Azure, AWS, GCP), Digital Enterprise Solutions using SAP, MS Dynamics 365, RPA, Digital Applications, and Mobility Solutions.
- Water Resource Management Solution: Its offerings include automation solutions to modernize irrigation water conservation and improve water use efficiency, Turnkey flood risk assessment, and mitigation, cloud-based water utilization process automation for water sharing in rivers and canals, and SCADA gate control systems.
The company’s solutions span across various industry sectors, BFSI, Retail, Healthcare, Pharmaceutical, Manufacturing, Insurance, and more.
Promoters of Canarys Automations – Mr. Metikurke Ramaswamy Raman Subbarao, Mr. Danavadi Krishnamurthy Arun, Mr. Raghu Chandrashekhariah, Mr. Sheshadri Yedavanahalli Srinivas, Mr. Pushparaj Shetty, and Mr. Nagaraju Vineeth
Table of Contents
Canarys Automations IPO Details
| Canarys Automations IPO Dates | 27 Sep – 3 Oct 2023 |
| Canarys Automations Offer Price | INR 29 – 31 per share |
| Fresh issue | 1,51,72,000 shares INR 44.0 – 47.03 crore |
| Offer For Sale | NIL |
| Total IPO size | 1,51,72,000 shares INR 44.0 – 47.03 crore |
| Minimum bid (lot size) | 4,000 shares INR 124,000 |
| Face Value | INR 2 per share |
| Retail Allocation | 35% |
| Listing On | NSE SME |
Canarys Automations Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 |
| Revenue | 25.62 | 51.51 | 74.52 |
| Expenses | 22.79 | 45.77 | 63.67 |
| Net income | 2.11 | 4.56 | 8.53 |
Canarys Automations Offer News
- Canarys Automations RHP
- Canarys Automations Draft Prospectus
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Allotment Status
Canarys Automations Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 1.16 | 2.08 | 3.92 |
| PE ratio | – | – | 7.40 – 7.91 |
| RONW (%) | 16.06 | 23.99 | 31.54 |
| NAV | 7.22 | 8.66 | 12.44 |
| ROCE (%) | 24.0 | 26.0 | 33.0 |
| EBITDA (%) | 13.03 | 13.72 | 18.08 |
| Debt/Equity | NA | NA | NA |
Canarys Automations IPO GMP Today
| Date | Consolidated IPO GMP | Kostak | Subject to Sauda |
| 10 October 2023 | 7 | – | 15,000 |
| 9 October 2023 | 5 | – | 13,000 |
| 7 October 2023 | 5 | – | 13,000 |
| 6 October 2023 | 5 | – | 13,000 |
| 5 October 2023 | 5 | – | 12,000 |
| 4 October 2023 | 8 | – | 17,000 |
| 3 October 2023 | 8 | – | 12,000 |
| 2 October 2023 | 8 | – | 12,000 |
| 30 September 2023 | 7 | – | 12,000 |
| 29 September 2023 | 10 | – | 12,000 |
Canarys Automations IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 3,968,000 | 2,924,000 | 5,048,000 | 11,940,000 |
| 3 Oct 2023 | 1.98 | 13.63 | 11.70 | 8.95 |
| 29 Sep 2023 | 0.00 | 0.81 | 1.85 | 0.98 |
| 28 Sep 2023 | 0.00 | 0.53 | 0.93 | 0.52 |
| 27 Sep 2023 | 0.00 | 0.36 | 0.42 | 0.26 |
Canarys Automations IPO Allotment Status
Canarys Automations IPO allotment status is now available on Link Intime’s website. Click on this link to get allotment status.
Canarys Automations IPO Dates & Listing Performance
| IPO Opening Date | 27 September 2023 |
| IPO Closing Date | 3 October 2023 |
| Finalization of Basis of Allotment | 6 October 2023 |
| Initiation of refunds | 9 October 2023 |
| Transfer of shares to demat accounts | 10 October 2023 |
| IPO Listing Date | 11 October 2023 |
| Opening Price on NSE SME | INR 43.45 per share (up 40.16%) |
| Closing Price on NSE SME | INR 41.30 per share (up 33.23%) |
Canarys Automations Offer Lead Manager
INDORIENT FINANCIAL SERVICES LIMITED
A/501, Rustomjee Central Park, Executive Spaces,
Andheri Kurla Road, Chakala, Mumbai – 400093, Maharashtra
Phone: +91 79772 12186
Email:Â [email protected]
Website:Â www.indorient.in
Canarys Automations Offer Registrar
LINK INTIME INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park
L.B.S. Marg, Vikhroli West
Mumbai – 400 083, Maharashtra
Phone:Â +91 22 4918 6200
Email:Â [email protected]
Website: www.linkintime.co.in
Canarys Automations Contact Details
CANARYS AUTOMATIONS LIMITED
No. 566 & 567, 2nd Floor, 30th Main, Attimabbe Road, Banagirinagara,
Banashankari 3rd Stage, Bengaluru 560085, Karnataka, India
Phone: +91-98458 62780
E-mail: [email protected]
Website: www.ecanarys.com
IPO FAQs
What is Canarys Automations IPO offer size?
Canarys Automations offer size is INR INR 44.0 – 47.03 crores.
What is the Canarys Automations offer price band?
Canarys Automations public offer price is INR 29 – 31 per share.
What is the lot size of Canarys Automations public offer?
Canarys Automations offer lot size is 4,000 shares.
What is Canarys Automations IPO GMP today?
Canarys Automations IPO GMP today is INR 7 per share.
What is the Canarys Automations kostak rate today?
Canarys Automations kostak rate today is INR NA per application.
What is Canarys Automations Subject to Sauda rate today?
Canarys Automations Subject to Sauda rate today is INR 15,000 per application.
Who are top ten customers in India and outside?