Fidel Softech IPO GMP, Review, Price, Allotment

Fidel Softech IPO description – Fidel Softech Limited is a LangTech Consulting firm offering technology services with local language UI/UX. The services offered by the company includes IT services including Software development, Infrastructure & Cloud support, Localization including translation, interpretation, software localization & multilingual data creation and Consulting & Staffing services including training.

The company offers bilingual software development capabilities & has engineers speaking in various languages working for Asian markets. Fidel Softech trains its engineers in various languages & technology & works closely with Asian geography clients. The company takes up turnkey projects, product design & development, operational support & manpower augmentation. It has in-house Linguistics and Technology skillsets which provides better control on delivery timelines, quality and pricing and specializes in delivering technology solutions in local language UI/ UX and hence has an advantage to work in regions which has language dependencies.

Its customer base is spread across the globe and exports contributed 86.09% to revenue from operation for the year ended 31 March 2022. The company is ISO/IEC 27001: 2013 and ISO 9001: 2015 certified conforming to the Information Security Management System standard and Quality Management System standard.

Promoters of Fidel Softech – Sunil Sudhakar Kulkarni and Prachi Sunil Kulkarni

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Fidel Softech IPO Details

Subscription Dates	30 May – 2 June 2022
Price Band	INR37 per share
Fresh issue	36,48,000 shares (INR13.5 crore)
Offer For Sale	Nil
Total IPO size	36,48,000 shares (INR13.5 crore)
Minimum bid (lot size)	3,000 shares
Face Value	INR10 per share
Retail Allocation	50%
Listing On	NSE Emerge

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Fidel Softech Financial Performance

	FY2020	FY2021	FY2022
Revenue	22.80	26.21	26.87
Expenses	18.50	21.62	20.58
Net income	3.15	3.45	4.57

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Fidel Softech Offer News

• Fidel Softech RHP
• Fidel Softech Draft Prospectus

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Fidel Softech Offer Valuation (as of FY2022)

Earnings Per Share (EPS): INR4.52
Pre-IPO Price/Earnings (PE ratio): 8.19
Return on Net Worth (RONW): 30.68%
Net Asset Value (NAV): INR14.73 per share

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Fidel Softech IPO GMP Daily Trend

Date	Fidel Softech IPO GMP	Kostak	Subject to Sauda

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Fidel Softech IPO Subscription – Live Updates

Category	Non-retail	Retail	Total
Shares Offered	18,24,000	18,24,000	36,48,000
Day 1	1.97	1.02	1.50
Day 2	2.45	5.66	4.06
Day 3	4.51	15.16	9.83
Day 4	131.29	64.00	97.64

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Fidel Softech Offer Registrar

Bigshare Services Private Limited
1st Floor, Bharat Tin Works Building,
Makwana Road, Marol,
Andheri East, Mumbai – 400 059,
Maharashtra
Phone: +91 22 6263 8200
Fax. No.: +91 22 6263 8280
Email: [email protected]
Website: www.bigshareonline.com

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Fidel Softech IPO Contact Details

Fidel Softech Limited
Unit No. 202, 2nd Floor,
Marisoft 3, West Wing,
Marigold Software IT Park,
Vadgaon Sheri, Pune – 411 014
Phone: 020 – 49007878
Email: [email protected]
Website: www.fidelsoftech.com

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Fidel Softech IPO Allotment Status

Fidel Softech IPO allotment is now available on Bigshare Services’ website. Click on this link to get allotment status.

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Fidel Softech IPO Timetable

IPO Opening Date	30 May 2022
IPO Closing Date	2 June 2022
Finalisation of Basis of Allotment	7 June 2022
Initiation of refunds	8 June 2022
Transfer of shares to demat accounts	9 June 2022
Listing Date	10 June 2022
Opening Price on NSE Emerge	INR59.1 per share (up 59.73% from IPO price)
Closing Price on NSE Emerge	INR62.05 per share (up 67.7% from IPO price)

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Fidel Softech IPO FAQs