Canarys Automations IPO GMP, Review, Price, Allotment

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Last updated on October 11, 2023

Canarys Automations IPO GMP

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.

Canarys Automations IPO

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


Canarys Automations IPO Details

Canarys Automations IPO Dates27 Sep – 3 Oct 2023
Canarys Automations Offer PriceINR 29 – 31 per share
Fresh issue1,51,72,000 shares
INR 44.0 – 47.03 crore
Offer For SaleNIL
Total IPO size1,51,72,000 shares
INR 44.0 – 47.03 crore
Minimum bid (lot size)4,000 shares
INR 124,000
Face Value INR 2 per share
Retail Allocation35%
Listing OnNSE SME

Canarys Automations Financial Performance

 FY 2021FY 2022FY 2023
Revenue25.6251.5174.52
Expenses22.7945.7763.67
Net income2.114.568.53
Figures in INR Crores unless specified otherwise

Canarys Automations Offer News


Canarys Automations Valuations & Margins

FY 2021FY 2022FY 2023
EPS1.162.083.92
PE ratio7.40 – 7.91
RONW (%)16.0623.9931.54
NAV7.228.6612.44
ROCE (%)24.026.033.0
EBITDA (%)13.0313.7218.08
Debt/Equity NANANA
*Compiled by IPO Central from Prospectus

Canarys Automations IPO GMP Today

DateConsolidated IPO GMPKostakSubject to Sauda
10 October 2023715,000
9 October 2023513,000
7 October 2023513,000
6 October 2023513,000
5 October 2023512,000
4 October 2023817,000
3 October 2023812,000
2 October 2023812,000
30 September 2023712,000
29 September 20231012,000

Canarys Automations IPO Subscription – Live Updates

CategoryQIBNIIRetailTotal
Shares Offered3,968,0002,924,0005,048,00011,940,000
3 Oct 20231.9813.6311.708.95
29 Sep 20230.000.811.850.98
28 Sep 20230.000.530.930.52
27 Sep 20230.000.360.420.26

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 Date27 September 2023
IPO Closing Date3 October 2023
Finalization of Basis of Allotment6 October 2023
Initiation of refunds9 October 2023
Transfer of shares to demat accounts10 October 2023
IPO Listing Date11 October 2023
Opening Price on NSE SMEINR 43.45 per share (up 40.16%)
Closing Price on NSE SMEINR 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[email protected]
Website: 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: +91 22 4918 6200
Email: [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.

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